My first run with NiceHash/Mining Pool Hub

[tf2addict]

Bought 0.04 BTC worth of 5 GH/s hashing power mining ETH on Mining Pool Hub.  The run took about 5.5 hours and at the end I cashed out 0.043 BTC, about a 7.6% profit.  During the run the price of ETH went up around 5%.  Is most of my profit a result of that price increase?  What would have happened had the price dropped 5% instead of rising 5%?

[1714620275]

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[bustabitsboy]

I dont know why you said nicehash in the title, this site looks like a more nightmarish verison of nicehash. and as for your gain in ETH has anything to do with the actual eth price. that is like saying i spent 10$ on a ticket to the water park. while there i found 10 more dollars. was it because the price of the dollar changed? nope.

[tf2addict]

I bought the hash power through NiceHash.  Mining Pool Hub is the pool.

I should have been more clear.  I paid for the hash power using BTC and I mined ETH.  I was wondering if most of my profit came from a change in the price ratio between those two.  It was a fixed price order.  I'm now using standard price orders.  My last run was a 10% profit.

[Slow death]

 I'm now using standard price orders.  My last run was a 10% profit.

Have you been mining for how long?

Bought 0.04 BTC worth of 5 GH/s hashing power mining ETH on Mining Pool Hub.  The run took about 5.5 hours and at the end I cashed out 0.043 BTC, about a 7.6% profit.  During the run the price of ETH went up around 5%.  Is most of my profit a result of that price increase?  What would have happened had the price dropped 5% instead of rising 5%?

Maybe it's because of the price change, just watch for a while longer, I read a statement in MINING POOL HUB:

"- Upgrading DB server. Website would be slow than usual and may not show hashrate correctly. Mining is well working.
- About bitcoin fork
  Bitcoin withdrawal, auto exchange to bitcoin will be paused at 31 July 12:00 UTC and will be re-enabled when both network operation is stable and safe from replay attack.
  Equivalent Bitcoin-cash balance will be credited to all bitcoin holders. Bitcoin-cash pool will be ran for payout only and will be closed about a month later.
- Influx, Crevacoin, Checkcoin, Ufocoin, Digitalcoin, Phoenixcoin, Smartcoin, Adzcoin will be delisted at 29 July"


https://miningpoolhub.com/?page=statistics&action=autoswitches

I would like some tips on MINING POOL HUB, I will send you PM with some questions that I have and would like you to clarify these doubts if it is not a problem

[swogerino]

It is because of the price change. If the price went down 5% you would not have got your ROI or 0.04 bitcoin back. In Ethereum and every altcoin there is this possibility and is considered a gamble this kind of buy. Best is to mine with your equipment if you have, graphic cards and a good PC for mining, having multi GPU running on it.

[e4f4]

Nicehash is for advanced stuff from what i have learned.

Solo mining to local pool when difficulty is low...

New coin released.

And so...

You got lucky. Good for you.