My nicehash software deducted about 1 usd today

[pranjal]

Hello everyone i am new to this, my gpu miner (nicehash) was showing 1613 rupees(INR) (25 USD) at 3P.m 12 June 2017(Today) but when i restarted my miner at 5 pm my income was 1566 rupees(INR)(24 USD).. so appx 1 usd was deducted..

Is it normal or is nicehash secretly deducts money from miners without information?

Plz. help
thankyou

[zupdawg]

the amount shown in your local currency is just the estimated amount based on your current balance, since the bitcoin price just went down today it is probably the reason. as long as your balance in bitcoin is still there you shouldn't worry

[HCP]

The value of crypto-currencies (like fiat currencies) is constantly flucuating... See how BTC goes up and down? https://poloniex.com/exchange#usdt_btc

Nicehash pays in BTC, not in USD or EUR or INR or any other fiat currency. So, all that is happening is that the BTC you had in your nicehash account dropped in value, so the fiat value also dropped. If you check the actual number of BTC you have, it will only have increased or stayed the same.

[pranjal]

thanks for your prompt reply....
so if the btc value increase my ballance in inr or usd will also increase ?

thanks

[Experia]

thanks for your prompt reply....
so if the btc value increase my ballance in inr or usd will also increase ?

thanks

yes. for example you have 1mbtc on nicehash today and the current btc to usd rate is $2,700 then your estimated amount of money is $2.7

if tomorrow the price becomes $2,800 per BTC, your balance on nicehash will show your money is $2.8

[pranjal]

Thanks...... now i understand