Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: GeePeeU on December 06, 2017, 10:55:15 PM



Title: A lot of networks have -30+ % nethash.
Post by: GeePeeU on December 06, 2017, 10:55:15 PM
Going to be some big difficulty fluctuations. Will be interesting to see if prices follow or not.
Could be a great time to fill a few bags. 


Title: Re: A lot of networks have -30+ % nethash.
Post by: bathrobehero on December 06, 2017, 11:03:51 PM
Going to be some big difficulty fluctuations. Will be interesting to see if prices follow or not.
Could be a great time to fill a few bags. 

Yeah, I always suspected that nicehash was huge, but not this huge. Even the slower coins have started to significantly drop their difficulties. My profits as a solominer are way up!

Kind of crazy how much of an effect such an amateurish service that rips plug and play miners heavily off has.


At these times it really shows how much they take away from "real" miners. By real, I mean miners who put in the time to research coins and decide what to mine in contrast to normal nicehash users who usually have absolutely no idea what they mined as they just get paid in BTC...


Also, how could they had 4736 Bitocins in hot wallets?! Ridiculous. Almost suspect of being an inside "hack" (e.g. stealing of funds) but I'm not about to start rumors.



Title: Re: A lot of networks have -30+ % nethash.
Post by: antantti on December 06, 2017, 11:09:53 PM
Also, how could they had 4736 Bitocins in hot wallets?! Ridiculous. Almost suspect of being an inside "hack" (e.g. stealing of funds) but I'm not about to start rumors.

How could they have almost 5k btc in any wallet? I knew they need to take their slice of the pie but 5k...


Title: Re: A lot of networks have -30+ % nethash.
Post by: GeePeeU on December 06, 2017, 11:19:30 PM
Going to be some big difficulty fluctuations. Will be interesting to see if prices follow or not.
Could be a great time to fill a few bags. 

Yeah, I always suspected that nicehash was huge, but not this huge. Even the slower coins have started to significantly drop their difficulties. My profits as a solominer are way up!

Kind of crazy how much of an effect such an amateurish service that rips plug and play miners heavily off has.


At these times it really shows how much they take away from "real" miners. By real, I mean miners who put in the time to research coins and decide what to mine in contrast to normal nicehash users who usually have absolutely no idea what they mined as they just get paid in BTC...


Also, how could they had 4736 Bitocins in hot wallets?! Ridiculous. Almost suspect of being an inside "hack" (e.g. stealing of funds) but I'm not about to start rumors.



The negligence for security for such amount is ludicrous. Which is suspect.

I think the fall of nicehash would clear out a lot of shitcoins. Desperate devs and bag holders will have less ways to keep a dead coin's network moving.

So possibly, the image of Altcoins can improve from this if the useless ones do in fact die off.

It blows my mind how all these nicehash dependent miners are still so careless to get serious with learning to mine. Its not that crazy.....I mean just look all over every mining forums. They're flooded with "Walk me though this" type posts.


Title: Re: A lot of networks have -30+ % nethash.
Post by: JaredKaragen on December 06, 2017, 11:23:29 PM
walk me through this replies are mostly what I end up doing on this side, when its not discussing things of importance otherwise.....


Most people get overwhelmed with the amount of things to learn and throw their hands in the air too quickly.

Schooling over the past many years has thought them to act that way apparently...


Title: Re: A lot of networks have -30+ % nethash.
Post by: GeePeeU on December 06, 2017, 11:37:00 PM



Most people get overwhelmed with the amount of things to learn and throw their hands in the air too quickly.



I mean, that is how schools teach kids learn. To just compulsively ask. And by literally, raising their hands.


Title: Re: A lot of networks have -30+ % nethash.
Post by: GeePeeU on December 06, 2017, 11:41:15 PM
What to mine currently reflecting the following Nethash changes for some good profit coins.

-36.1% Mona
+15.3% Vivo
-21% Trezar
-26% Feather
-31% orbit
-86.4% Vert

and the list continues.


Title: Re: A lot of networks have -30+ % nethash.
Post by: leowonderful on December 06, 2017, 11:49:23 PM
I dislike saying things like this, but with all of the coincidentally crappy security and stars that aligned to create this huge shitshow it smells like some inside job or carefully planned theft. Of course they could've just had shitty security measures but it is plausible that this was planned.

Can't wait 'till the media catches a whiff of this and reports this as a "$60 million Crypto hack" even though the core principles of whatever crypto is blamed isn't directly responsible for it.


Title: Re: A lot of networks have -30+ % nethash.
Post by: Bjorn_Blockchain on December 06, 2017, 11:51:36 PM
Going to be some big difficulty fluctuations. Will be interesting to see if prices follow or not.
Could be a great time to fill a few bags. 

Yeah, I always suspected that nicehash was huge, but not this huge. Even the slower coins have started to significantly drop their difficulties. My profits as a solominer are way up!

Kind of crazy how much of an effect such an amateurish service that rips plug and play miners heavily off has.


At these times it really shows how much they take away from "real" miners. By real, I mean miners who put in the time to research coins and decide what to mine in contrast to normal nicehash users who usually have absolutely no idea what they mined as they just get paid in BTC...


Also, how could they had 4736 Bitocins in hot wallets?! Ridiculous. Almost suspect of being an inside "hack" (e.g. stealing of funds) but I'm not about to start rumors.



As an old timer I tend to agree, but we are few and far between now.


Title: Re: A lot of networks have -30+ % nethash.
Post by: bathrobehero on December 07, 2017, 12:23:49 AM
Going to be some big difficulty fluctuations. Will be interesting to see if prices follow or not.
Could be a great time to fill a few bags.  

Yeah, I always suspected that nicehash was huge, but not this huge. Even the slower coins have started to significantly drop their difficulties. My profits as a solominer are way up!

Kind of crazy how much of an effect such an amateurish service that rips plug and play miners heavily off has.


At these times it really shows how much they take away from "real" miners. By real, I mean miners who put in the time to research coins and decide what to mine in contrast to normal nicehash users who usually have absolutely no idea what they mined as they just get paid in BTC...


Also, how could they had 4736 Bitocins in hot wallets?! Ridiculous. Almost suspect of being an inside "hack" (e.g. stealing of funds) but I'm not about to start rumors.
From the "real" miners?


What a joke! That's how it works. More players in the game = less payout.
They're the smart ones. Nobody wants alt-coins other than XMR, ETH, and LTC. We want BTC.

If someone creates software to automatically adjust miners on a scale like NiceHash, then it looks like you're out of business. And it will happen again so enjoy the free ride.


Good luck with your 1-2 years of ROI while we have months and you and your laziness is what makes everyone else's profits worse while also allowing both nicehash and nicehash bot operators to take two huge slices out of "your" cake. 4736 BTC kind of slices.

Nicehash being down, I already had as much as $12 profit per day per card for a few hours, now down to $10 for 1080 Ti's running down at 180 watts (from 300W).


Title: Re: A lot of networks have -30+ % nethash.
Post by: fr4nkthetank on December 07, 2017, 01:01:27 AM
Yeah profits are good right now for sure.  Although I did have some stuff on nicehash, thats gone for sure :(  But hey thats life in cryptoland