Well I think Philip has some power he was thinking of renting and some other members so it might be something worth looking into.
The reason people use nice hash is convenience though they have had a somewhat iffy past.
Also the amount of hashpower user farms may have might not be large enough and again there's quite a fair amount available via Nicehash
Yeah, I get the convenience factor. I use to do my home mining to it way back and general GPU's for how easy it was, but after the hack haven't done much except for what was needed to keep my balance active.
When your talking 1+PH for a day or two it makes it a bit easier to work with a large farm or user, still the convenience will be with nicehash but working one-one you cut them out.
I could probably part with a few PH for a week or so if Phillip or anyone else wanted to avoid nicehash.
Lets put it to the group once we have a full list again I would be happy to see community members earning for there hash rate rather than random's on Nicehash so it's a good idea.
Maybe Philip will pipe in with some of his legendary mathematics on rates, since he is the guru at the numbers.
7 places to fill some members are holding off this round as they just had an attempt.
renting 2ph directly from a reliable miner is better then nicehash.
We spent about 13-14% more then the breakeven rates renting from nicehash.
nicehash charges 3% plus a little for each order. and we paid higher then the standard rate due to competition for available hash.
translation current berea even number is 0.01778 per ph per day
we paid about 0.0201 per ph per day.
so if a farms sells you under 0.0201 per ph per day
say 0.019 per ph per day nicehash is cut out
the farm earns more then standard the renter pays less then it would pay nicehash.
so right now we have 6 or 7 days before next jump.
if you rent 1 ph for 5 days at 0.019 it is 0.095 per ph for 5 days.
or rent 2 ph for 5 days at at 0.038 it is 0.190 for 5 days.
better for the farm and for the renter
worse for nicehash.
wait for jump once 5 day rental is done figure new rates do another 5
If I had 4ph or 5ph mining under my control I would do it. At least once or twice.
my total hash is
1200
200
570
1970 or 1.97 ph
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