Nice Hash accepted speed

[MROJAS]

Hello,

I have a doubt regarding the way Nicehash shows the TH/s for my miners, I have several S19J PRO 104T miners, as I understand the mining speed 104TH/s should be the speed to calculate the profitability, but in Nice Hash they always fluctuate between 30-160 TH/s, and I don't know if it's normal, I thought they should always be around 104TH/s.

If someone can clarify my doubt I will appreciate it,

Regards,

[1714257186]

1714257186

[1714257186]

1714257186

[1714257186]

1714257186

[philipma1957]

Hello,

I have a doubt regarding the way Nicehash shows the TH/s for my miners, I have several S19J PRO 104T miners, as I understand the mining speed 104TH/s should be the speed to calculate the profitability, but in Nice Hash they always fluctuate between 30-160 TH/s, and I don't know if it's normal, I thought they should always be around 104TH/s.

If someone can clarify my doubt I will appreciate it,

Regards,

nicehash is not a mining pool.

it is a rental service.

and you can spend as low as 0.001 btc when you rent. at rates like 0.0044 or 0.0043 or 0.010 paying at 0.01 is over paying for the hash.

so I rent 25 ph and pay 0.001 btc what happens is my money burns up quickly.

and your gear temporarily shuts off or lowers to 30 or 40 th.

a second guy comes to rent he rents 0.1 btc and decides to over pay a bit .

your  miners will show 160 th to reflect that your gear is getting overpaid a bit.

So 30 to 200 can happen even 30 to 500 if a crazy big rental happens.

[ranochigo]

Nicehash calculates the accepted rate by taking the rate of shares submitted and the difficulty of those shares.

So long as your stale is reasonable and the average speed after >24hrs is around 100TH/s then it should be fine. Your primary reference should be with your miner's stats.

[philipma1957]

Nicehash calculates the accepted rate by taking the rate of shares submitted and the difficulty of those shares.

So long as your stale is reasonable and the average speed after >24hrs is around 100TH/s then it should be fine. Your primary reference should be with your miner's stats.

no this is wrong.

they factor in over payment for your rental.

so spikes of 200 or 300 or 400 for a 100 piece of gear will happen occasionally.


https://www.nicehash.com/my/marketplace/SHA256

some renters are paying 0.0059

the correct rate is around 0.0044


so if you you 100 th unit to the guy paying 0.0059

your rate is 59/44 x 100 = 134 not 100

this is how you get high rates

[ranochigo]

no this is wrong.

they factor in over payment for your rental.

so spikes of 200 or 300 or 400 for a 100 piece of gear will happen occasionally.

Hmm, I don't think that is the case, or at least during my time mining at nicehash. My hashrate has always been roughly consistent but the payrate is the only one that fluctuates wildly, which is dependent on who rents your equipment.

Your accepted rate (in hashrate, not profitability) is determined by the shares you're submitting[1].

[1] https://www.nicehash.com/support/mining-help/mining-advanced-topics/is-it-normal-that-the-speed-jumps-up-and-down

[philipma1957]

no this is wrong.

they factor in over payment for your rental.

so spikes of 200 or 300 or 400 for a 100 piece of gear will happen occasionally.

Hmm, I don't think that is the case, or at least during my time mining at nicehash. My hashrate has always been roughly consistent but the payrate is the only one that fluctuates wildly, which is dependent on who rents your equipment.

Your accepted rate (in hashrate, not profitability) is determined by the shares you're submitting[1].

[1] https://www.nicehash.com/support/mining-help/mining-advanced-topics/is-it-normal-that-the-speed-jumps-up-and-down

that is a simplified explanation.


https://www.nicehash.com/my/marketplace/SHA256ASICBOOST


look at my link above.

the highest paying guy is paying 0.0048. true pay is about 0.0044

so 0.0048/0.0044 = about 1.09  so if you average

100 th and are getting paid 0.0048 they will show you are 109 th to reflect that you are renting out the gear at 0.0048 not 0.0044

so yeah you get paid based on what they say your shares are. but when you determine your shares they have to reflect that you are renting out the gear at 0.0048 not 0.0044

that causes the hash rate flux up ⬆️.

along with when the guy paying for your gear runs out of money to rent it.

you switch and drop a bit.

[BitMaxz]

Actually, Nicehash is not a good pool you will experience some drop in hashrate because they are using #xnsub which automates their system to mine different coins not actually mining BTC.

If you want to mine BTC go directly to the real pool like ViaBTC and other pools listed here https://miningpoolstats.stream/bitcoin

[mikeywith]

A small to moderate fluctuation on the pool side is ok, Nicehash keeps switching difficulty and your gear is mining different coins all the time, nicehash sucks and recently it has been paying almost 6% less than directly mining to a proper pool, there are some rare events where people complete over hashrate rental and the rates can go up to crazy amounts for a short period of time, I remember I caught one of those spikes 2 years ago IIRC, got paid 7 times higher than directly mining btc for about a whole day (some luckier people got in earlier).

to conclude, if your daily hashrate isn't far from that 104th you shouldn't worry as far as tech goes, but my advice again! is to switch to a proper mining pool, should you decide to stay there, please don't leave any funds there, someone who handles the security of nicehash can just steal the coins at any time and run away, history usually repeats itself.