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Author Topic: Why doesn't everyon use NiceHash?  (Read 273 times)
xFGND (OP)
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October 18, 2017, 05:21:24 PM
 #1

I can't see why people would use NiceHash over anything else apart from something like MinerGate.

NiceHash pays in BTC, and automatically looks for the best coin to mine. When pools use only one coin, and do not mine the most profitable coin.

The only way I could see someone would want to use a pool is because of the small fee.
ahmedjamal1998
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October 18, 2017, 05:29:10 PM
 #2

Because you earn much less when using programs like Nicehash.  We do know that it switches to the most profitable coin at the moment and mines it but it still is less profitable.

I've tried it for one full month and totally regretted it. I usually mine Zcash. When I was using Nicehash I got much less plus I even missed the opportunities of earning more how ?

Well when you mine a specific coin, there's a chance for its price to rise. That's the time when you should sell.
And the difference is not small. It's significant.

For example throughout September, the price was less than $200. And then it spiked up to almost $400 at the end of the month (sept 28 if I'm not mistaken.) That was simply an amazing chance to get almost the double of what you usually get.

If you were using nicehash at that time, you wouldn't have benefited from this rise as btc price didn't rise to its double Cheesy
Temporel
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October 18, 2017, 06:13:44 PM
 #3

I can't see why people would use NiceHash over anything else apart from something like MinerGate.

NiceHash pays in BTC, and automatically looks for the best coin to mine. When pools use only one coin, and do not mine the most profitable coin.

The only way I could see someone would want to use a pool is because of the small fee.

you cant be serious...

You should get out of this business if you dont understand why you SHOULDNT use nicehash.
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