Mining with NiceHash vs Etherium only with Claymore Dual 14.7

[dipepmining]

My rig consists of 8 AMD RX580's. When running Claymore Dual 14.7 I am using Ethermine pool and getting a steady 246m/hs across all 8 cards. I have been running this for a few days. I figured it wouldn't hurt to give NiceHash a try. I created an account at new.nicehash.com and downloaded the latest software, added wallet address, ran the bechmarks, started it up. It instantly opened Claymore 14.7 I am assuming this is because I have 8 RX580's and that is the most profitable thing to do. I am getting 237m/hs (29 per card) instead of the 246mh/s that I get without NiceHash. I attempted to add extra launch options like -rxboost in the settings, but still didn't get me to my normal mh/s.

Regardless here is my main question:

Mining etherium directly using Claymore 14.7 @ 246 m/hs on Ethermine pool

VS

NiceHash mining Etherium for them in Claymore 14.7 @ 237m/hs on whatever pool they use and getting paid out in Bitcoin


NiceHash is predicting I am going to make anywhere between 2.50 and 4.50 every 24/hr (the number keeps fluctuating). I entered my electricity costs which are 0.1333/hwh, so I am assuming it is even more accurate. However, something seems waaaayy too good to be true about these numbers. That could potentially mean more than $100 a month in pure profit after electrical costs. Is there something NiceHash does that I am not accounting for that could potentially make it more profitable then mining Etherium directly on Ethermine pool.

I am sure a lot of people on this forum have tried both and can give me some good information here. Anything would be greatly appreciated.

[dalllas]

It is simple. Your NiceHash profit is between 2.50 to 4.50 USD daily but energy cost is about 0.13 kW/h that mean 3.12 USD daily.
Summary - your monthly profit are between -18.6 USD to +41.4 USD (if you exchange all your mined coins now).

[Turkish88]

Mining directly other coins allways will be better then nicehash.
If you want exchange immediately better to look most profitable at the moment coins, for lonh term holding you can mine eth.
you can also check whalesburg service, its autoswitching daggerhashimoto pool

[dalllas]

Mining directly other coins always will be better then nicehash.

I do not know, because it is still better to have a mining profit in Bitcoin (via NiceHash) than direct in Ethereum.
For example, the profitability of BTC over the previous 1,3,6,12 or 24 months are between -10% to 250% and is higher than the ETH (-40% to +30%).

[logicalray77]

I actually performed a 24 hour test during the week.
I selected a few of my rigs to telly up to 1Ghs and threw them on Ethermine for 24 hour period.
Switched them back to Nicehash for day with seperate account to do comparison and NH was more profitable.
Around 10 -15% actually. (Old NH platform)

I have yet find a more profitable way to earn by mining. Except when there newby coins you mine and pray they have decent resell when listed. Around 5% of them are actually lucrative when listed.