Topic: Why is Discus Fish so popular? (Read 3420 times)

Quote from: josephno1 on May 07, 2015, 07:52:17 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

That is right , just be aware that I had S3's that sometimes would not switch over and just sit there doing no mining but my S5's switch without problems.

tbonetony

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Activity: 441

Merit: 250

No zuo no die why you try, u zuo u die dont be shy

Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

Quote from: josephno1 on May 07, 2015, 07:52:17 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

yes, I believe you can do it by setting your password to use "p=0.01015" without quotes. (i.e. this means when price is less than 0.01015BTC/THS/Day stop mining)

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

Quote from: philipma1957 on May 07, 2015, 04:35:08 AM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

I answered it from opposite side

Read tbonetony, he is right as miner the p= is what you set in password to pick what price you will mine for.

josephno1

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So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

Is it possible to set it so that it mines on nicehash when the payout is a certain amount and switches to different pool when it becomes less profitable?

philipma1957

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Activity: 4256

Merit: 8551

'The right to privacy matters'

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

Used to work when nicehash charged 2% and did not set a floor. In order for it to work .0092 to 0.0101 was good.

I just complained here about nicehash setting a floor.

https://bitcointalksearch.org/topic/m.11301543

Nicehash modified the floor after my complaint but the newer floor and the price fee jump from 2 to 3 percent makes it very hard to work.

tbonetony

sr. member

Activity: 441

Merit: 250

No zuo no die why you try, u zuo u die dont be shy

Quote from: josephno1 on May 04, 2015, 05:37:29 PM

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

actually I tried it there were quite a bit of risk associated with it so it's not as straight forward as the calculation.
1. This is the main reason you can barely make a profit: Nicehash charges 3% fee from your order. So there you go: 8-4-3=1% theoretical gain.
2. No pool is 100% efficient. I can almost guarantee you some of you work will be rejected by F2Pool. So you see how thin that margin is. if the rejection is >= 1%, you will lose.
3. at 0.0096 your rate is not guaranteed so if there are higher bids your order may not get executed.

aarons6

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Quote from: aarons6 on May 04, 2015, 06:29:24 AM

i get alot of rejects from this pool, like 10%

i dunno if its connection or what.

Is it just on discus fish or is it with other pools too?

no its just this pool, but i did try to ping it from the miner and i get 800+ ping..
so maybe its just a bad route.

notlist3d

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Activity: 1456

Merit: 1000

So what's stopping someone from renting at Nicehash now at 0.0096 and pointing a bunch of hash to Discus Fish to get paid out at 0.01013357? Granted the difference is pretty small, but it is profit nonetheless right?

Some do it. Personally nice hash right now -8 percent and then 4 percent go to F2Pool. So you would have a margin of 4 percent if it works perfect.

I would guess you would lose a little hash rate that it won't be perfect. But if less then 4 percent you could turn a profit right now

aurel57

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