Nicehash Selling Hash Power

[almirfiorio]

Dear members

I have a RX 470 Red Dragon.

Can I make more money if I stop mining Ethereum and rent my RX 470 for nicehash?

Thanks
Almir

[BitMaxz]

Why you are selling your hash power instead of mining it with your own.?
Honestly you can make money for selling it but  they will not trust you if you sell it right here but in near to your place i think you can sell it     if someone wanted to had contract with you..

[almirfiorio]

Why you are selling your hash power instead of mining it with your own.?
Honestly you can make money for selling it but  they will not trust you if you sell it right here but in near to your place i think you can sell it     if someone wanted to had contract with you..

Dear Bitmaxz

I am currently mining at ethermine

But I was told that if I rent the hardware for nicesh it will give more return than mine for ethermine because I am going to rent my hardware and my video card

Thanks
Almir

[swogerino]

Why you are selling your hash power instead of mining it with your own.?
Honestly you can make money for selling it but  they will not trust you if you sell it right here but in near to your place i think you can sell it     if someone wanted to had contract with you..

Dear Bitmaxz

I am currently mining at ethermine

But I was told that if I rent the hardware for nicesh it will give more return than mine for ethermine because I am going to rent my hardware and my video card

Thanks
Almir

You rent your video card to nicehash and nicehash uses your video card to mine ethereum for themselves and pays you the equivalent in bitcoin of what they mine except 3% which is their fee. It is the same thing. Actually right now you can mine more ethereum from ethermine than from nicehash with the reward block of ethereum lowered but also the time of block reward lowered in half.

[Welsh]

Dear members

I have a RX 470 Red Dragon.

Can I make more money if I stop mining Ethereum and rent my RX 470 for nicehash?

Thanks
Almir

Why would they pay more than what the device can actually mine itself? Your better off mining yourself and reaping all the benefits. Services such as nicehash take a fee and pay you less because they are looking to make a profit too.

It's always going to be more profitable to mine yourself than using a third party.

[crazyivan]

How would this work Almir? Where would Nicehash make their money if they pay you more then you can actually mine yourself??

No, you mining by yourself is always more profitable.

The only better option I can think of is to use DMD multipool and Nicehash. This way you can get paid in DMD Diamond which is a PoS coins which stakes new coins at a rate of over 20% a year ATM.
This way you get more profitability from your cards/rigs since your coins stake over time.

All required links re in my signature.

Cheers.

[almirfiorio]

How would this work Almir? Where would Nicehash make their money if they pay you more then you can actually mine yourself??

No, you mining by yourself is always more profitable.

The only better option I can think of is to use DMD multipool and Nicehash. This way you can get paid in DMD Diamond which is a PoS coins which stakes new coins at a rate of over 20% a year ATM.
This way you get more profitability from your cards/rigs since your coins stake over time.

All required links re in my signature.

Cheers.

Dear Friend

         using this multipool DMD can I earn rmais than using nicehash? How it works ?

  How im can get more 20% ?

 I can not rent my equipment like genesis or hashnet do?

Thanks
Almir