Bitcoin Forum

My Nicehash payouts past four days on rig with 5 x 1070 TI GPUs :

1/25 0.00173621 BTC
1/26 0.00171633 BTC
1/27 0.00153533 BTC
1/28 0.00145217 BTC

Does this make sense? Bitcoin payout has declined quite a bit the past couple days.

I'm having the same decline...

Wait, I recall yesterday that I saw it running something that only earned like $9 per day.. lyra2?  I came back a couple hours later and it was STILL running it.

Is there a way to turn off certain algorithms in Nicehash?

Yes, go into the benchmark or mining details and uncheck what you don't want to use.

The other answer was incomplete - you need to stop mining first, then click on the gray "hardware details" button below your device list then click on the down arrow to the right of each device to select which algos are active for it.

Alt coins going down, btc up

even assuming difficulty remained constant, this will happen if btc increaes at a higher rate than altcoins increase.   

Thank you, that makes sense.

Yikes!

You guys are going to be really upset to learn about something in the mining world that we call ..... Difficulty


Read up on it. And no it's not whats written in the dictionary.

Yeah, +1 to this.

More GPU's coming online (assuming at 1/4 of all just-hit-the-shelf 1080ti make it into a miner) the overall network hashrates will skyrocket, and the profitability will be divided up to the same ratio....    Just like the day the new A3's hit people's homes.  $400 the first day, $300 the second, etc.....

Hashrate saturation rears some teeth for sure.

I guess this is where the market needs to take off then.  People need to throw a trillion more into the market cap :)

Fortunately I got my video cards at a normal price of $519-539. (1070 TI -- five of them).  I just hope I can ROI within a year.

I am also having the same profitability decrease with my 6x  1080ti rig  , I was under the impression that the
new miner 2.0.1.9 was the problem and just waiting few days to make sure if it is the miner or something else
now that you have mentioned difficulty I think it could be a good reason
right now I am working on making 2 new rigs but I am not sure if I should go along with that or just wait
because with the drop of the bitcoin price and drop of cards profitability I am not sure if it is worth it to make new rigs
anyone have any suggestions  ?? go on with the plan of new rigs or just wait for now

Mining zcash with flypool , the profitability never declined for more than 2 weeks , ppl leave this shit nicehash is fu*kin bankrupting you

According to Whattomine.com, the profitability of my 5 card (1070 TI) rig, mining zcash, currently is $16.36.  I received $16.93 from Nicehash today after fees.  So I don't see how I am being bankrupted with Nicehash compared to mining Zcash, perhaps maybe you can enlighten me?  Is whattomine.com not accurate?

Guuuys pleas check RigRental... you will set your own price... No global price rating... Just market place where you list your rig for xxxBTC and someone rent it ... Directly....I have vegas rig there.. in avrg... (CRYPTONIGHT) nicehash giving me 0.0003btc per kh/d... My minimum rent price on RigRental is 0.00047btc per kh/d...

I am rented every day... and windows where I am not rented i mine on nicehash thanks to they stratum ond 3.partyu soft...

Next + is you can use more coins.... Like ETH,LiteCOin,Dash...
AND NO FEEES for deosit or withdraw.... YOu now you can say... NiceHash is just little biitch and scam for people who want just 1 button miner

Check it pleas... best will be if you will use my reff link https://www.miningrigrentals.com?ref=53158
 (https://www.miningrigrentals.com?ref=53158)
My Payouts.(just paying transaction fee) : https://imgur.com/QDzXCZh

And my rig: https://www.miningrigrentals.com/rigs/58001?ref=53158

NiceHash and difficulty at all not in any way associated with each other, since the first is not a pool, why pay them more if they are ready to work for any money?  :D

Sorry sir but you are wrong whattomine isn't totaly accurate it depends on the current difficulty which changes instantly , i calibrate whattomine for 10 gpus , 6rx 470 and 4 gtx 1060 , and from what i can see my profitability changes every 5 to 10 minutes down to $16.89 and up to $24 and what i really get from flypool is a fixed 0.073 zec everyday for the last two weeks , and yes nicehash already bankrupted you before $60 million don't ever forget that.

If you're not cashing out daily, tracking what you made in fiat daily isn't accurate. 

In the end, you set the price, because you make the decision when to sell.

No they aren't... and BTC is not going up either.

Difficulty is going up though.

 ::)

Yes they are.  If difficulty goes up, renting NiceHash is less valuable to the buyer so the price to rent hash power goes down.

Simple economics.

I just moved off Nicehash and trying Zcash through Flypool. I wanted to get some Zcash anyways so think I'll mine it directly for a while.

Im down by almost $20 a day on nicehash.

Over what period of time?  A day, a week, a month, a year?

Also what gear?

I noticed the new version has been switching to less profitable coins.  I am trying to rebenchmark and turn off coins one by one but it continues to bounce to a coin with 60% of the max profit.  I may just turn all of them off except the main 3 or 4. 

I'm just trying out NH in a head-to-head comparison against other multi-algo, auto-switching pools (currently comparing with MiningPoolHub) and I also noticed NH switching to, for example, "keccak" when that algo was only earning about half as much per day. I ended up disabling that algo, as well as all the dual-mining choices (because ASICs) and earnings seem to have stabilized.

HOWEVER, that leads me to a question germane to this thread (I hope): where can I find my total earnings? It seems that after NH does a payout the running total in the miner resets to 0 BTC - which is expected - but when I log in to my account I can't find any listing of payouts, earnings, etc... everything shows 0. Needless to say this is alarming, but I am assuming for now this is just the result of my unfamiliarity with NH, and not something nefarious (like, say, hackers stealing all the BTC... that would never happen, right?  ::) )

EDIT - nevermind, the balance just showed up in my NH wallet. I guess it takes 7+ hours to confirm. BTC is just about useless, isn't it?

HaHa thats funny no one gets how mining woks

my 1 1070 use to make me $5 a day

it struggles to make $3 a day

yet the store still wants $800 for a $300 card...

something is wrong....something is VERY wrong

Nothing is wrong.. Nicehash is the marketplace.. get that! They need a person who will BUY your hashing power.. and if his/her highest bid is everyday lower.. you will get lower reward... easy as that...
You are not mining BTC or anyother coin on nicehash.. you are selling your hashing power to the highest bidder..

The MSRP of a 1070 was $379 at launch, not $300.  Retail for a 1070 is about $530 right now, not $800.  That's in USD.  Your numbers are off.  That or you are not shopping at the right stores.

Is this why NiceHash sometimes switches to algos that are clearly not the most profitable at the moment? For example, I am doing a comparison between it and Nemosminer on MiningPoolHub with both getting a single GTX 1080 and I just caught NH switching from Equihash - which was projected to earn $4.31 per day - to Nist5 - which caused projected daily earnings to plummet to $2.10. Based on what you wrote my theory is that there wasn't enough Nist5 hashpower available to fill outstanding contracts so miners got switched to the algo even though it wasn't even close to being the most profitable.

Yeah, pretty much. Basically someone bids for a small amount of NIST5 in your case, and NHML flings a bunch of computers to NIST5 to fill the order. Problem is, if you switched, you're competing with everyone else now. The NH system gets gamed like this by buyers fairly often. That's why I was saying limiting Nemos to just Neo/Equihash (usually) so you can enjoy the extra gaps of lowered difficulty when everyone leaves temporarily, while not having to "warm up" for Neo again.

No, Nicehash switch algorithms TO the most profitable at the moment.. If you "benchmark" all algorithms in their program, it will be switching between all.. If you know which is the best or the most profitable algorithm for your GPU, go and uncheck the benchmarked algorithm there and the program won't be able to switch.

NH swithes if there is the better offer on Nist5 even if it last only for a 10 mins... It was the most profitable for 10 mins.. and thats why it changed..

Thats the stupides thing I have ever seen, because you are basicly losing time with switching every 10,20,30 mins...

Solution: Uncheck the all algorithms except the most profitable.

So does this just currently mean Neoscrypt or both Neoscrypt & Equihash?  THey are about equally profitable on Nicehash at them moment. Would it be better not to switch between just the two?

It's ok. dont worry :)
We will find GPU at normal prices soon.. very soon

So here's the "rumor" and it's more then that. Nicehash is shorting the price of bitcoin on purpose and skimming off the top to help pay back all the money that was stolen.

The last week.

I have one of my rigs on NH and to be honest with you, I haven't seen any significant drop in my btc payout over the past week.  I check it every morning and transfer it to CB.  Sure the btc to fiat conversion is lower when btc is at 10000 as opposed to 11500, but the amount of btc I'm getting for that rig in a 24 hour period hasn't changed.

You can't compare the fiat value.  You have to look at the btc payout. You also have to track the payout times.  Some days, are 26 hour days ... Some are 23 hour days.

I keep track of that. I get paid at 5:30 AM every day. A week ago I was getting $35+ a day, since I'm barely breaking $20. Nothing has changed hardware wise.

How are you so lucky to get paid at the exact same time every day? ... 01-21 07:27, 01-22 06:36, 01-23 06:38, 01-24 06:19, 01-25 07:06, 01-26 06:46, 01-27 06:45 01-28 05:52, 01-29 05:49, 01-30 06:23 .... Those are my payout dates and times since 01-21-2018 ... None are exactly the same.  Some are off by an hour and I've seen them off way more than an hour in the past. 

But again ... You can't track in fiat and expect it to be the same every day.  You have to track in btc.  You realize that right?  Your btc payout should stay close to the same, but in fiat, it certainly will differ based on the conversion from usd to btc or whatever fiat is for you.  As I said ... My btc payout is worth much less in fiat at a btc price of 9800 compared to my btc payout of the same when btc price is at 12000.

And as far as the dashboard goes, don't even bother trying to track anything with that.  It changes dramatically every 10 minutes.

One other thing ... You're not converting to fiat on a daily basis right? 

For those interested, I have a handful of antminers pointed to NH.   Here are my daily payouts in BTC (not fiat!)


1/30 .00619026
1/29 .00603829
1/28 .00519994 (had them off for a few hours)
1/27 .00627538
1/26 .00582347
1/25 .00673093
1/24 .00718845
1/23 .00726570
1/22 .00717737


So in a week's time, the profitability has dropped ABOUT .001 BTC a day.    Based on all the hype and extra people starting to mine and the drop in BTC price in that same time period, I'd say thats not an unreasonable change.   Not happy about it, but we couldn't expect an L3 to continue to make $30 a day forever.