Why doesn't everyon use NiceHash? | Bitcointalksearch.org

Temporel

full member

Activity: 224

Merit: 100

Quote from: xFGND on October 18, 2017, 01:21:24 PM

I can't see why people would use NiceHash over anything else apart from something like MinerGate.

NiceHash pays in BTC, and automatically looks for the best coin to mine. When pools use only one coin, and do not mine the most profitable coin.

The only way I could see someone would want to use a pool is because of the small fee.

you cant be serious...

You should get out of this business if you dont understand why you SHOULDNT use nicehash.

ahmedjamal1998

hero member

Activity: 714

Merit: 537

Because you earn much less when using programs like Nicehash. We do know that it switches to the most profitable coin at the moment and mines it but it still is less profitable.

I've tried it for one full month and totally regretted it. I usually mine Zcash. When I was using Nicehash I got much less plus I even missed the opportunities of earning more how ?

Well when you mine a specific coin, there's a chance for its price to rise. That's the time when you should sell.
And the difference is not small. It's significant.

For example throughout September, the price was less than $200. And then it spiked up to almost $400 at the end of the month (sept 28 if I'm not mistaken.) That was simply an amazing chance to get almost the double of what you usually get.

If you were using nicehash at that time, you wouldn't have benefited from this rise as btc price didn't rise to its double Cheesy

xFGND

full member

Activity: 137

Merit: 100

I can't see why people would use NiceHash over anything else apart from something like MinerGate.

NiceHash pays in BTC, and automatically looks for the best coin to mine. When pools use only one coin, and do not mine the most profitable coin.

The only way I could see someone would want to use a pool is because of the small fee.

Topic: Why doesn't everyon use NiceHash? (Read 255 times)