Bitcoin Forum

Hey guys,

Just noticing this morning CryptoNight return on NiceHash is going crazy high -- what is the cause ?

noticed the same....

limited supply?

pump coming?

someones paying $$ to mine it, probably expecting big returns

My bone stock RX480s (no BIOS mods / no OC) on my office PC are making $3.75 / Day at the moment. It's kinda crazy!

May have to fire NiceHash back up on all the rigs at least for now, haha...

Hash rental price increased because of electroneum mining.
They use cryptonight algorithm.

I think it is because yesterday was the launch of mining ETN

Biggest pool is here :
https://etn.uax.io/#

But not very stable for the moment, lot of lost of connexions and so ip banned

definitely something weird, Im getting 3 to 4 on a rx-570 and same on my rx-480.    what to mine page is also reporting the same profits for my cards.

Seeing it also. Even miningpoolhub.com showed strange hom things. Stats are sky high

Today i am run on nicehash cryptonight mining with cpu, before i run on minergate.
Minergate have more hashrate ~ 1kH/s  but speed not constantly and fr one day he mine ~1$
Today i am test nicehash. latest version of program not seen my cpu's i am download 1.7.4.5 version and start
He show me 350h/s but calc goes 2$ per day

Haven't ran NiceHash in a while, didn't even notice they have a version 2 out.

I have RX 580 today, the production reaches up to 5+ dollars from each GPU. I don't know who turned on the pump, but he's definitely like me. I've never seen such profitability. I wonder how long it will be. Maybe the GPU manufacturers decided to sell their stocks of the GPU? In any case, I already have the tower and I will.

guys
do you recomend Cryptonight instead of claymore+eth?

Was just randomly testing NiceHash and noticed this today too, have switched my desktop and rig over to it for now to see how profitability works out, will continue to monitor it daily :)

Of course. Today it is profitable for at least 3 times. Perhaps this will not last long so take advantage of this opportunity. I've never seen a return from my setup. Each tower now provides about $ 4. The Ethereum even dual with Decred brings today more than 1.80 dollar.

yes i noticed and obviosly pointed all my rigs on nicehash which now my profit is by 25 euro day to 45 eur day!! very good!

Someone buy the hashing power too high. Maybe he really need this... Or someone have made a terrible mistake :O

http://i64.tinypic.com/2hdqffa.jpg

The reason is simple...

I could've mined LTC and get 3000LTC at launch before solo mining was impossible...but I mined btc instead back in november 2011...
I could've mined DRK (now DASH) and get 1200DRK at launch before solo mining was impossible..but I mined DOGE and other shit coins back in Jan 2014...
I could've bought hashpower from NH and point it to solo mine ETH back in November 2015 but I didnt have the guts to take risks back then...

I want to change back time pleaseeeee..........

Waittt....

I could buy hashpower from NH and mine ETN now....no point in squabbling over the past...

 :D :D :D :D :D :D

Basically same logic why ventures were willing to dump shitload of money to startups even though statistic == 90% startup fails.

Enjoy it while it lasts. The one two punch of more miners noticing this and switching their rigs over and the resulting difficulty rise that comes with it, along with a decline in demand will probably mean in a couple of days the profits will be back down to normal.

I switched my rigs. Let's see how long this party will last.

Anyone know how to buy Electroneum?

Tried Cryptopia but no idea how to buy

https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC

Just take your piece of the cake :P

Logically right and for sure same thing will happen again as it will be the same repeatition inside the mining business maybe those who knew the drill will just take the advantage and rape this coin while its giving good profits but afterwards same thing will happen and difficulty will start to rise.

Hi, was straggling with ETH minnig for a while now ... but now Nicehash-CryptoNight is doing so well I am about to switch ... but i have a problem, i have to run several instances of nicehash on my rigs, one for each GPU in the box, any idea how to make it work with one nicehash instance with more similar but not the same GPU (mostly rx480) ... Any link to similar posts appreciated, Thanks

Dont use the Nicehash software ,

Download SGminer and change the config to mine to nicehash

For cryptonight, both my gpus and cpu are showing up as 0kh/s on nicehash while they work fine on nanopool. anyone have any ideas whats wrong? my equihash gpu is working on nicehash though

for nicehash cryptonight I'm using amd stak xmr and cpu stak xmr

i keep getting connection errors too,

im guessing everyone is jumping on the bandwagon

Would it be smarter to just mine electroneum? I think thats what everyone is using cryptonight nicehash for.. I just don't know the profitability of mining it vs nicehash.. for now I switched back to mining xmr but may look more into electroneum

Well, that depends on whether you trust electroneum really. Kudos to their marketing, but I'm a bit too thick to understand what it's actually 'for' - as in the problem it's solving over others...

I was having some connection issues as well. Sometimes Nicehash accepted rates were 1-2kh/s slower than what I was doing on nanopool. I ran it over night and even with the lower accepted hash, I was making more on a daily basis.

Like others have said, we will see how long this party lasts. I'm guessing its done by the weekend.

I meant i wonder if it would be more profitable to mine it (electroneum) and sell it asap for btc every payout on the cryptonia exchange than to mine xmr. not interesting in holding the coin itself

Today the holiday has ended. The rate dropped 3 times. Now the level of profitability again lower than Ethereum in dual mode. I switched their rigs to the standard mode. It is a pity that the party lasted so long. It's like being in a time machine in 2015. It turns out time travel is possible.

Yep, it's over.

Jeez... I hope none of you pool hoppers accidentally get caught out by your pool and have your earnings redistributed to the pool. That'd be unlucky as.

The party seems to be back on.

Just downloaded Nicehash legacy and am getting 2.730 kH/s with 4x 1070s  That seem about right?  Only seem to be using ~30-40% TDP when my limit is set to 70%

the diff is bit high, didn't find how to change diff, tried in -xpsw d=60000 and diff_60000 but didn't work.
is it possible somehow?

party is over, or bug was fixed ?  maybe we in vain informed everyone about this high yield

I mined about 8000 electroneum from launch til cryptopia added it to their exchange. I sold that 8000 electroneum for about 1000$ worth of bitcoin. I transferred some of the bitcoin i made, to nicehash to rent rigs to mine electroneum, and the return was crazy!, sold the elctroneum instantly for whatever price it was trading at, and transferred more bitcoin to nicehash. I repeated the process through the entire day on 2. november, and threw a little more than 1 bitcoin into nicehash altogether. Mining with 12mhs at most :)

Now i can sit back and enjoy watching the 3.8 bitcoin i made, litterally only from investing what i made with having mined 8000 electroneum.

Safe to say this was one of the best days of my life. Prior to this I owned around 350$ worth of crypto, that i've spent 2 months mining. :)

edit: Needless to say, i skipped work that day, and skipped yesterday to just for the heck of it. :):)

Well done, buddy! There are still free lunches in crypto, provided you catch them at the right time!

What did you mine those ETN with? Mobile phone or PC?

Mined them with only two RX570's :).

You really did hit the jackpot there, well done! :D
Is there still anything in it today? I've seen Nicehash is paying well still for Cryptonight hash, haven't looked at ETN itself, however.

Honestly i'm a complete newb, and don't quite know how to calculate the profit from it renting from nicehash, but i can see at easyhash.io that the calculated return on it pr. 1000 hashes is 3.94$. Two days ago at this time i think it was 20x times that.

https://easyhash.io/pools

Missed out on the party!!! There's definitely more to come.  Great thread!