Bitcoin Forum

Bitcoin => Mining => Topic started by: nawaraj on October 16, 2016, 06:45:57 AM



Title: NiceHash giving high reward for mining
Post by: nawaraj on October 16, 2016, 06:45:57 AM
In last few day, I am searching for best mining software and pool on Google and Youtube.
For doing that I have tested many mining software and pool on my PC. Many of them giving $0.02/day on average but when I NiceHasH, It surprise me with $0.57/day ,which is high reward as compare to previous mining pool and software.
Now I have a question.

How NiceHash able to giving that much high bitcoin reward ?

Link : www.nicehash.com (http://www.nicehash.com)


Title: Re: NiceHash giving high reward for mining
Post by: warner dsouza on October 16, 2016, 09:38:14 AM
good one..may i know how to develop the program


Title: Re: NiceHash giving high reward for mining
Post by: adaseb on October 16, 2016, 09:57:47 AM
What kind of GPU do you have


Title: Re: NiceHash giving high reward for mining
Post by: Betwrong on October 16, 2016, 01:36:41 PM
In last few day, I am searching for best mining software and pool on Google and Youtube.
For doing that I have tested many mining software and pool on my PC. Many of them giving $0.02/day on average but when I NiceHasH, It surprise me with $0.57/day ,which is high reward as compare to previous mining pool and software.
Now I have a question.

How NiceHash able to giving that much high bitcoin reward ?

Link : www.nicehash.com (http://www.nicehash.com)

Maybe I'm missing something here but I dont understand how is it possible to call $0.57/day a high reward. How much does your miner cost then? I hope you do realize that you'll need around 6 months to get $100 from that price back.

But if you are not selling but buying the hashing power, then it's pure cloud mining which I wouldn't recommend for the reasons discussed here on this forum many times.


Title: Re: NiceHash giving high reward for mining
Post by: gt_addict on October 16, 2016, 02:12:01 PM
Are you using nicehashes own multi mining program that uses your computer/laptop? It just mines any coin it can then pays out in btc. Only problem is that you are sacrificing the lifespan of your hardware for very little return. You'll probably end up breaking your computer before earning enough to covers its cost.


Title: Re: NiceHash giving high reward for mining
Post by: buxlover on October 16, 2016, 02:39:00 PM
You might have some miscalculation on the algorithm of the coins. You could have selected other algorithm with hash power of sha256. May be you haven't read that someone is selling their hashes for that rate to you, so that the amount you end up to pay for using their hashes.

For further details refer these thread

https://bitcointalk.org/index.php?topic=562238.0

https://bitcointalk.org/index.php?topic=1274983.0



Title: Re: NiceHash giving high reward for mining
Post by: jeraldskie11 on October 25, 2016, 06:06:17 AM
Can I earn that with no investment?
I hope for your response


Title: Re: NiceHash giving high reward for mining
Post by: Caladonian on October 25, 2016, 06:11:05 AM
Can I earn that with no investment?
I hope for your response
you can earn little but not that much mate i'm also confused where OP got his numbers, earning .57$ /day would be big for mining btc.


Title: Re: NiceHash giving high reward for mining
Post by: Betwrong on October 25, 2016, 09:45:52 AM
Can I earn that with no investment?
I hope for your response
you can earn little but not that much mate i'm also confused where OP got his numbers, earning .57$ /day would be big for mining btc.

But why are you calling it big when it is really small? $0.57/day means slightly over $17 per month, how can we call it a big profit? And it is even not a net profit, it is so before excluding the price of  electricity consumption.

Or do you guys think OP is talking about $57 per day? I think it's clear that he is not.


Title: Re: NiceHash giving high reward for mining
Post by: Docnaster on October 25, 2016, 01:15:03 PM
In last few day, I am searching for best mining software and pool on Google and Youtube.
For doing that I have tested many mining software and pool on my PC. Many of them giving $0.02/day on average but when I NiceHasH, It surprise me with $0.57/day ,which is high reward as compare to previous mining pool and software.
Now I have a question.

How NiceHash able to giving that much high bitcoin reward ?

Link : www.nicehash.com (http://www.nicehash.com)
This quite interesting for those who really want start mining software and creating pool. We'll im going to read this first before i will going to make a decision regarding on this . This is really accurate that you can really make $0.57 daily ? Hmm i think it's really hard for us to get our roi back i think it will takes 60 days or more.


Title: Re: NiceHash giving high reward for mining
Post by: -ck on October 25, 2016, 07:52:24 PM
This thread is mindless noise only.

/locked