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Author Topic: Being a buyer at nicehash, good deal or not?  (Read 240 times)
timk225
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November 22, 2017, 03:44:45 AM
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I've been looking at nicehash.com, and I have seen the buyer and seller section.

For the buyer side, according to my calculations, I just can't see it being a good deal.  According to my figures from bitcoinwisdom.com, it seems like I'd earn about 80% of the BTC that I spend on buying mining time.  If that is correct, then why would anyone ever be a buyer?  Is it only a good deal when buying in large amounts of hash power and time?
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There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
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b1ncer
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November 22, 2017, 04:13:32 AM
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 Undecided mark
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November 22, 2017, 05:40:44 AM
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It's might not be profitable but if you send the coins directly to a staking wallet and hold them the little bit of coins might become more coins and be worth more down the road, but don't lend them. Wink Wink Wink
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November 22, 2017, 07:07:54 AM
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I've been looking at nicehash.com, and I have seen the buyer and seller section.

For the buyer side, according to my calculations, I just can't see it being a good deal.  According to my figures from bitcoinwisdom.com, it seems like I'd earn about 80% of the BTC that I spend on buying mining time.  If that is correct, then why would anyone ever be a buyer?  Is it only a good deal when buying in large amounts of hash power and time?

I think people looking to make more than they spend on nicehash are mining altcoins in hopes that the price of that coin jumps a lot.  With all the new coins constantly being released people try and get in early to mine before the pump so they can dump before everyone else does.  Otherwise it makes no sense to spend x amount of bitcoin to make less bitcoin.

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November 22, 2017, 07:22:47 AM
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It's better to just buy the coins and hold or trade on trading platforms. Although mining for Nicehash is good.
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November 22, 2017, 09:28:01 AM
 #6

I have been trying to buy hashing power on nicehash, i was actually buying quite a lot (500 GH/s).
The first day I made a lot of profit, because luck was super at ethermine.org.
However nicehash did not support ethermine.org and their system kept having issues everytime i purchased more than 50 GH/s and everytime there was an issue i would end up loosing due to a lot of lost shares.
Secondly i tried using one of the other pools which nicehash recommendend, it worked fine and no shares were lost. However luck was shitty and as a result I lost quite a bit on that account, even when i was almost constantly buying at the lowest rates in the marketplace.
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