Mining ETH (Nanopool) or BTC (via NiceHash)

[GryphoCry]

Hi Everyone,

I just wanted your point of view about mining either ETH (actually getting 120 mh/s on Nanopool) or mining using NiceHash to get paid on BTC.

Im absorbing all the electricity and hardware cost, i just want some coints no hodl for mid or long-term.

I´m mining ETH now, with the hope that it double their value in 1 year or so, but BTC is rising above 10k and i think it keep rising.

 

Please leave your comment and why you choose that.

[1715015276]

1715015276

[1715015276]

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[wacko]

Hi Everyone,

I just wanted your point of view about mining either ETH (actually getting 120 mh/s on Nanopool) or mining using NiceHash to get paid on BTC.

Im absorbing all the electricity and hardware cost, i just want some coints no hodl for mid or long-term.

I´m mining ETH now, with the hope that it double their value in 1 year or so, but BTC is rising above 10k and i think it keep rising.

 

Please leave your comment and why you choose that.

That's not an easy one. Both ETH and BTC have been growing lately. The question is who's more likely to grow more. And there's also that thing about nicehash mining — while they do take quite a fee from the miners, they also automatically switch to the most profitable coins, and since it's not always ETH, it is possible to get even more with nicehash (in btc) than by simply mining ETH directly. But that depends on the cards you mine with. What cards are you using?

[halker2010]

Hi Everyone,

I just wanted your point of view about mining either ETH (actually getting 120 mh/s on Nanopool) or mining using NiceHash to get paid on BTC.

Im absorbing all the electricity and hardware cost, i just want some coints no hodl for mid or long-term.

I´m mining ETH now, with the hope that it double their value in 1 year or so, but BTC is rising above 10k and i think it keep rising.

 

Please leave your comment and why you choose that.

you better off mining eth , btc gets slower by time and fees going higher , I say keep half eth and half btc.

[elutzen]

Hi Everyone,

I just wanted your point of view about mining either ETH (actually getting 120 mh/s on Nanopool) or mining using NiceHash to get paid on BTC.

Im absorbing all the electricity and hardware cost, i just want some coints no hodl for mid or long-term.

I´m mining ETH now, with the hope that it double their value in 1 year or so, but BTC is rising above 10k and i think it keep rising.

 

Please leave your comment and why you choose that.

The cost of the btc transactions from nicehash to your wallet eat into your earnings. I would recommend mining eth or whatever altcoin you prefer over nicehash.

[pikatju]

The cost of the btc transactions from nicehash to your wallet eat into your earnings. I would recommend mining eth or whatever altcoin you prefer over nicehash.

How often does it pay out and how much is the fee?

[preda]

nicehash is good and yes its hard to say because bitcoin is growing very good but even eth so if you consider that with both monthly they grow about 40%/50% your earning will be more, but consider nicehash has 3% fees plus withdraws fees. would be more easy just to mine alt and convert into btc by yourself.

[phuocduong]

i think you should mine ETH, mine BTC on nicehash good but have high fee

[marthor]

NiceHash.

You'll probably earn more due to profit-switching, and BTC is usually a better investment than altcoins in the long term. Use the NiceHash wallet to save on fees.

[halker2010]

The cost of the btc transactions from nicehash to your wallet eat into your earnings. I would recommend mining eth or whatever altcoin you prefer over nicehash.

How often does it pay out and how much is the fee?

Payouts for balances less than 0.1 to external wallet 4%
Payouts for balances greater than or equal to 0.1 BTC to external wallet    3%
Payouts for balances greater than or equal to 0.001 BTC to NiceHash wallet 2%

Once per day for NiceHash wallet unpaid balances, greater than 0.001 BTC.
Once per day for external wallet unpaid balances, greater than 0.1 BTC.
Once per week for external wallet unpaid balances, greater than 0.01 BTC.

[tg88]

I recommend you mine ethereum directly and in case you want to make the exchange by BTC in some exchange, the withdrawal rate of the nicehash is very high.

[ermis1975]

I want to ask if NicsHash mines BTC or ETH. Because each altcoin has different profit when mines ETH or BTC. Thanks.