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Author Topic: Can I do better than nicehash?  (Read 1747 times)
pornluver (OP)
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March 18, 2017, 10:03:56 AM
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Currently I am using nicehash.

However, can I do better?

I mean if I use nicehash, the pool fee is quite high 3%. Then someone would buy from nice hash and use it to mine, and then nicehash would take 3% from seller too.

Can I increase 5%-10% of my mining income with alternatives?

Should I mine ethereum straight?
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March 18, 2017, 10:21:54 AM
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Nice hash is good as you get paid directly into BTC without having to exchange yourself, which incurs fees.

The instant exchange also allows for you to pick up price rises before the price drops again, this happened to a lot of people with ZEC slow start - the price had dropped before you could get the coins to an exchange to sell them.

Most pools charge 1% anyway so I don't see a further 2 percent making me poor.
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March 19, 2017, 08:36:07 PM
 #3

Currently I am using nicehash.

However, can I do better?

I mean if I use nicehash, the pool fee is quite high 3%. Then someone would buy from nice hash and use it to mine, and then nicehash would take 3% from seller too.

Can I increase 5%-10% of my mining income with alternatives?

Should I mine ethereum straight?

try   https://www.zpool.ca    has alot more newer algo's than Nicehash
easy to setup multi algo profit switching Miner: https://bitcointalk.org/index.php?topic=1777336.0

Regards
#Nemo

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March 19, 2017, 11:58:23 PM
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Nice hash is good as you get paid directly into BTC without having to exchange yourself, which incurs fees.

The instant exchange also allows for you to pick up price rises before the price drops again, this happened to a lot of people with ZEC slow start - the price had dropped before you could get the coins to an exchange to sell them.

Most pools charge 1% anyway so I don't see a further 2 percent making me poor.

Your example with the ZEC slow start may be a good use for nicehash, but it almost all other cases it is better to mine them at a 1% pool and exchange them yourself.

The decision probably comes down to how many rigs you are running and how soon you need the cash from your mining. I could see a strategy of allocating say 20% of your hash rate to a place like nicehash so you can consistently be paid in BTC which you then cash out to USD to pay your electric bill, but the rest would be better traded at your discretion to get the best price.

Of course if you just have one or two rigs the convenience of nicehash might outweigh the extra profit motivation.
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