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Author Topic: Mining with Nicehash, is it good?  (Read 985 times)
Flep182
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August 20, 2017, 02:40:43 PM
 #21

If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.

That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.

And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.

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August 20, 2017, 04:09:17 PM
 #22

If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.

That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.

And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.
Hmm. Interesting, though that means you'll be converting your bitcoins to DMD? If that is what I understood from what you posted.
If I were to mine bitcoins, I would just keep them as BTC as there is really good potential in btc that could surpass that 25%/year
promised interest of that DMD diamond whatever it is. Though it looks like something good to look into.

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lumeire
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August 20, 2017, 04:39:37 PM
 #23

Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.

However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.

Isn't $5-10/month very very low?

BitcoinSupremo
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August 20, 2017, 06:50:43 PM
 #24

Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.

However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.

Isn't $5-10/month very very low?

Maybe for one card it is, but for people who do mining at a professional level and they maybe have 25 rigs with 6 GPU each then it is not very very low 150x10 is 1500 dollars more for a month. So everything in life is relative, it depends from the point of view you look at it.

Flep182
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August 20, 2017, 07:50:23 PM
 #25

If you do decide to go with Nicehash, I suggest you combine it with some other service like DMD multipool for example. DMD Diamond is a PoS coin which currently gives you 25% annual interest rate. This works in a way you mine via Nicehash, connect Nicehash payouts to DMD multipool which in turn buys DMD Diamond for you and delivers DMD to your wallet. Then these PoS coins stake and give you 25% additionally per year.

That isn't entirely a bad idea. I've been holding on to a stash of DMD for a while now, but getting more coins without having the hassle of the conversion/exchanges etc seemed hard. I might just get back into mining a bit and adding some coin this way. Thanks for the tip.

And @TS: Unless you want to keep a constant eye on whats happening, something like Nicehash is a good option to stack up BTC.
Hmm. Interesting, though that means you'll be converting your bitcoins to DMD? If that is what I understood from what you posted.
If I were to mine bitcoins, I would just keep them as BTC as there is really good potential in btc that could surpass that 25%/year
promised interest of that DMD diamond whatever it is. Though it looks like something good to look into.

Bought DMD quite a while ago, still today higher rate per DMD in BTC than when I bought, so still profit. And then 25% interest, I'll consider selling part in a week or 2, but this is an interesting one to move some dust into DMD.

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August 21, 2017, 01:15:20 AM
 #26

Nicehash is perfect for newbies as it is pretty straight forward and it explains everything to you through the 3 tabs there are there, mainly with Advanced tab there.

However if you mine in a pool with a specific miner like Claymore,EBWF etc you can make 5-10 dollars a month more per GPU you are using.

Isn't $5-10/month very very low?

Maybe for one card it is, but for people who do mining at a professional level and they maybe have 25 rigs with 6 GPU each then it is not very very low 150x10 is 1500 dollars more for a month. So everything in life is relative, it depends from the point of view you look at it.

No what I meant is $5-10 /month/gpu is pretty low. I've used to know some people who can set up their GPUs to earn a lot higher than that.

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