[ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool

[el_rlee]

SHA56 is showing a lowly 1% plus above ... been negative since the rush a couple of weeks ago

Please keep in mind that our pool pays on PPS system. When mining on regular PPLNS Bitcoin pool (the majority of popular pools) you will hardly achieve regular Bitcoin mining price rate ... this is because the payment rate depends on luck on regular Bitcoin pools (variance) and you would actually have to switch pools just before they find blocks to archive regular Bitcoin mining price rate (and you would need a crystal ball for this ). That said, mining on NiceHash is very profitable even when it shows a few percents below regular Bitcoin mining price rate, because of our PPS payment system.

Is that true? PPLNS should on avarage net you the same income...? No?
It's troublesome to always need to look and switch between nicehash and another pool...

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[unitedminers]

Nicehash, Wafflepool and Yamp is down. Any news?

[Ntrain2k]

westhash is up for me

[Automatic Monkey]

SHA56 is showing a lowly 1% plus above ... been negative since the rush a couple of weeks ago

Please keep in mind that our pool pays on PPS system. When mining on regular PPLNS Bitcoin pool (the majority of popular pools) you will hardly achieve regular Bitcoin mining price rate ... this is because the payment rate depends on luck on regular Bitcoin pools (variance) and you would actually have to switch pools just before they find blocks to archive regular Bitcoin mining price rate (and you would need a crystal ball for this ). That said, mining on NiceHash is very profitable even when it shows a few percents below regular Bitcoin mining price rate, because of our PPS payment system.

Absolutely! In professional gaming we have the terms "expectation value" and "certainty equivalent." Certainty is very, very valuable, and it's always better to take a small hit to EV to gain 100% certainty. Selling hash on Nicehash is like money in the bank.

But conversely, for me to buy hash on the service and put it on a pool I like to have more than 1-2% increased EV to gamble. For someone with thousands of BTC in the bank it might be worth it.

[unitedminers]

westhash is up for me

Thanks for the info!

Nicehash and Yaamp are back online. Wafflepool is still offline since days now.

[raskul]

SHAsters!
Why would anyone want to mine below avg btc rate AND THEN pay fees to do it?

[el_rlee]

SHAsters!
Why would anyone want to mine below avg btc rate AND THEN pay fees to do it?

That's what I'm talking about... Why not just redirect to your pool of choice on that case (minus a fee)?

[Automatic Monkey]

SHAsters!
Why would anyone want to mine below avg btc rate AND THEN pay fees to do it?

For exactly the same reason we don't solo mine BTC and would rather pay a fee to a pool- certainty. It's relative certainty in the case of a BTC pool, being the pool will usually eventually hit a block, but absolute certainty in the case of Nicehash. There gets to be a point where the certainty of Nicehash over a pool isn't worth it, when it goes really low, but I figure I'm on Nice/West about 90% of the time. Except for one old miner that doesn't allow failover pools.

[1Neptune]

True. Gridseeds have been the worst purchase I ever made in crypto.

Block erupters weren't exactly awesome either... what was your experience with the gridseeds?  I almost bought some when they 1st arrived on the market.

The big hype initially was you could mine both scrypt and sha256 with them, at the same time, so you'd be able to mine both ltc and btc. Well, technically true but very hard on the devices. They'd burn out after a few days and be heatsinks or novelty paper weights for a desk.

Switching to just mining scrypt with them so they'd last a while means they run on very little power but also produce very little return. I've had 17 running for quite a while and they produce on average just over $1 about every 4 days on westhash. This of course means the thousands of dollars I spent for those 17 will never be recovered.

[suchmoon]

SHAsters!
Why would anyone want to mine below avg btc rate AND THEN pay fees to do it?

We're lazy please forgive us.

Seriously though I have kano as a backup for some of my rentals, and it's nerve-racking to see some of those 300% blocks. So I just don't look at them. Other backups point to NH, I also don't look at them, I'm sort of relying on others not being stupid and not pushing the price down too far. So it's someone else's fault. Does that answer your question?

[DevonMiner]

SHA256 has been 5% to 10% down at times today ... hope people set their miners to dig elsewhere whilst such negativity ensues.

[chibby33]

Nicehash scrypt pool down for anyone else or just me?

[Gezellig4Geld]

I am using the latest version of MultiMiner for Nicehash but do not see a setting in the add coin/pool option for "NeoScrypt" algo....what is the correct option or configuration to set this up so I can take advantage of the auto-switching for this algo.  I already have X11 & X13 switching seamlessly.

[quakefiend420]

Nicehash scrypt pool down for anyone else or just me?

I'm having trouble as well but the graphs still show hashrate...

[nicehash]

Nicehash scrypt pool down for anyone else or just me?

I'm having trouble as well but the graphs still show hashrate...

We are not experiencing any issues at the moment. If you can't connect to stratum.nicehash.com:3333 please also try stratum.westhash.com:3333. If you are still having issues please send us email to support@nicehash.com and specify your miner type, btc address used for mining and your public IP address so that we can check for your connection issues. Thank you for using our service.

[mvma]

I'm having trouble mining X11 by auto-switching multi-algorithm. In last 3H I have mine with two miners PC1 and PC2. PC1 is viewed by the pool correctly but PC2 is reported only hashing 12.3 Mh/s but sgminer is reporting 23.9 Mh/s and the same CGWatcher.
Where are the others 11.6 Mh/s.  
My btc address is 1KNQLwC1cEY4P3MjvdkijuDeZaEdnYVghx.
At the moment mining only with PC2 machine to check the problem.

[mvma]

Still losing more than 11 Mh/s by more than 3.5h.  
Switching my PC2 machine to other pool.
.
.
.
Back PC2 miner to Nicehash
  - I had try oldest sgminer configuration and the problem was gone.
  - I have find the problem:
    "difficulty-multiplier": "2",
    included in my .conf file make the pool repport half hashrate !!

[DareC]

Does anyone know if the AntMiner S5 supports #xnsub?

[nicehash]

Does anyone know if the AntMiner S5 supports #xnsub?

Not yet, but we are working with Bitmain to provide #xnsub support for AntMiner S5 as well as  AntMiner S4 . It should be available very soon, we'll post here when it's ready.

[edonkey]

So SHA256 rental profitability is 9% over straight BTC.

Any ideas why this has suddenly ticked up? Not that I'm complaining ;-)