Bitcoin Forum
June 23, 2017, 10:47:40 AM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Nicehash Not So Nice  (Read 710 times)
notbatman
Legendary
*
Offline Offline

Activity: 1246



View Profile
May 30, 2017, 09:12:54 AM
 #1

Not so happy with this service, massive fees + TX fee stole half of the BTC I sent.

* 0.012 BTC deposit.

* Used 0.001 BTC worth of hashing power.

* Withdrew and got 0.004 BTC back.

They basically took over half my money and I got nothing in return.
1498214860
Hero Member
*
Offline Offline

Posts: 1498214860

View Profile Personal Message (Offline)

Ignore
1498214860
Reply with quote  #2

1498214860
Report to moderator
POLONIEX TRADING SIGNALS
+50% Profit and more via TELEGRAM
ALTCOINTRADER.CO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1498214860
Hero Member
*
Offline Offline

Posts: 1498214860

View Profile Personal Message (Offline)

Ignore
1498214860
Reply with quote  #2

1498214860
Report to moderator
philipma1957
Legendary
*
Offline Offline

Activity: 1778


I charge NOTHING for current signature.


View Profile
May 30, 2017, 12:01:59 PM
 #2

Not so happy with this service, massive fees + TX fee stole half of the BTC I sent.

* 0.012 BTC deposit.

* Used 0.001 BTC worth of hashing power.

* Withdrew and got 0.004 BTC back.

They basically took over half my money and I got nothing in return.

You are suffering from  the high tx fee issues that we all are.

Although   that seems to be excessive

from their site

 "Withdraw all my BTC
   Withdraw
0.5% or 0.005 BTC (whichever is bigger) fee will be applied. Confirmed balance must be minimal withdraw amount 0.001 plus fee."


the bolded number is huge  if you do not have much to take out  which was your case.

If I do a rental I put in around .1 btc knowing I am spending it all.  As I will not withdraw from them and pay that fee.

Basically  they are looking for us to spend all that we put in.  Due to the network wide high tx fees

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
notbatman
Legendary
*
Offline Offline

Activity: 1246



View Profile
May 30, 2017, 01:04:56 PM
 #3

Not so happy with this service, massive fees + TX fee stole half of the BTC I sent.

* 0.012 BTC deposit.

* Used 0.001 BTC worth of hashing power.

* Withdrew and got 0.004 BTC back.

They basically took over half my money and I got nothing in return.

You are suffering from  the high tx fee issues that we all are.

Although   that seems to be excessive

from their site

 "Withdraw all my BTC
   Withdraw
0.5% or 0.005 BTC (whichever is bigger) fee will be applied. Confirmed balance must be minimal withdraw amount 0.001 plus fee."


the bolded number is huge  if you do not have much to take out  which was your case.

If I do a rental I put in around .1 btc knowing I am spending it all.  As I will not withdraw from them and pay that fee.

Basically  they are looking for us to spend all that we put in.  Due to the network wide high tx fees

It's more than just btc TX fees, that .005 is on deposit and withdrawl and on top of the TX fee. I was hoping for a bit more hashing power as I'm going get cooked alive if put any more rigs online but I didn't like how their hashing market is set up and of course the outrageous fees.

edit:

They also sent the BTC without enough fee so I'm still waiting on my remaining satoshis many hours later. These guys are clearly not looking for any new customers.
icon73
Member
**
Offline Offline

Activity: 65


View Profile
June 15, 2017, 03:23:52 PM
 #4

Basically  they are looking for us to spend all that we put in. 
I think this is spot on.  They want you to encourage you to spend everything you deposit.
freeyourmind
Sr. Member
****
Offline Offline

Activity: 280


View Profile
June 19, 2017, 05:55:21 PM
 #5

Not so happy with this service, massive fees + TX fee stole half of the BTC I sent.

* 0.012 BTC deposit.

* Used 0.001 BTC worth of hashing power.

* Withdrew and got 0.004 BTC back.

They basically took over half my money and I got nothing in return.

You are suffering from  the high tx fee issues that we all are.

Although   that seems to be excessive

from their site

 "Withdraw all my BTC
   Withdraw
0.5% or 0.005 BTC (whichever is bigger) fee will be applied. Confirmed balance must be minimal withdraw amount 0.001 plus fee."


the bolded number is huge  if you do not have much to take out  which was your case.

If I do a rental I put in around .1 btc knowing I am spending it all.  As I will not withdraw from them and pay that fee.

Basically  they are looking for us to spend all that we put in.  Due to the network wide high tx fees

May I ask what you are using the hashing power for (mining pool?) and what the profitability is that you've experienced? 

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!