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

[TracerX]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

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[chrysophylax]

The proof is they acted like nothing was wrong, they kept the stratum servers up, everyone in the network lost besides them, they guaranteed made out like bandits in not paying proper pay rates, and they failed to reply to any support emails on my end.
That is not any assumptions that is definitive proof.

fair enough ...

then what can be done about it? ...

thats the point im trying to make ...

move the business elsewhere if they are that unscrupulous ...

especially if they have NO explanation whatsoever ...

i have my eyes wide open - and i see that no matter which way you look at this - its going to be a dead end unless nicehash come out and actually DO something about reimbursement or the like ...

and that is IF they feel that what they have done is wrong ... not IF they are proven to be wrong ...

enter the arena - lose an arm - tell everyone it was unfair and you want your arm back ... you entered the arena in the first place ...

this is not sparta - its crypto ... and it shits me too ...

#crysx

[edonkey]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

This... People renting their rigs who stuck it out and stayed will be rewarded by the same amount of BTC, even if there's a few hours of missing stats.

Like chrysophylax said, people have choices. When the profitability margin fell today (or seemed to fall due to messed up stats), I pointed my miners elsewhere. When things returned to normal, I brought them back to Nicehash.

Of course everyone is entitled to their opinion, cidman. But I for one get tired of people who substitute anger for logic. Public accusations with nothing to back them up is not helpful.

It's is far more likely that what happened today is largely as indicated by Nicehash. Things went off the rails and are back now. They didn't orchestrate this in order to pocket gobs of BTC.

[cidman]

The proof is they acted like nothing was wrong, they kept the stratum servers up, everyone in the network lost besides them, they guaranteed made out like bandits in not paying proper pay rates, and they failed to reply to any support emails on my end.
That is not any assumptions that is definitive proof.

fair enough ...

then what can be done about it? ...

thats the point im trying to make ...

move the business elsewhere if they are that unscrupulous ...

especially if they have NO explanation whatsoever ...

i have my eyes wide open - and i see that no matter which way you look at this - its going to be a dead end unless nicehash come out and actually DO something about reimbursement or the like ...

and that is IF they feel that what they have done is wrong ... not IF they are proven to be wrong ...

enter the arena - lose an arm - tell everyone it was unfair and you want your arm back ... you entered the arena in the first place ...

this is not sparta - its crypto ... and it shits me too ...

#crysx

Yup, gotcha. You were too fast as I was editing my last post read above please.  Thanks for at least taking the time to try and calm me down a bit. You did and I appreciate it.

[chrysophylax]

The proof is they acted like nothing was wrong, they kept the stratum servers up, everyone in the network lost besides them, they guaranteed made out like bandits in not paying proper pay rates, and they failed to reply to any support emails on my end.
That is not any assumptions that is definitive proof.

fair enough ...

then what can be done about it? ...

thats the point im trying to make ...

move the business elsewhere if they are that unscrupulous ...

especially if they have NO explanation whatsoever ...

i have my eyes wide open - and i see that no matter which way you look at this - its going to be a dead end unless nicehash come out and actually DO something about reimbursement or the like ...

and that is IF they feel that what they have done is wrong ... not IF they are proven to be wrong ...

enter the arena - lose an arm - tell everyone it was unfair and you want your arm back ... you entered the arena in the first place ...

this is not sparta - its crypto ... and it shits me too ...

#crysx

Yup, gotcha. You were too fast as I was editing my last post read above please.  Thanks for at least taking the time to try and calm me down a bit. You did and I appreciate it.

no worries ...

i have been in this 'industry' for a while now ...

i have seen a lot happen ... some of it not nice - and unfortunately unfair ...

but i honestly dont see nicehash as being one of those unless they have done something seriously wrong ...

i guess its 'part and parcel' of this whole crypto world ... the risks you take - even in the fiat world ...

but at least there are regulations and responsibilities with consequences in the fiat world ... although there are always those times where the fiat world is highly unfair also ...

chat to them mate - voice your concerns and see what they do ...

who knows what will happen - i sure as hell dont ...

besides - IF nicehash did do this for a few btc - what state does that show of nicehash and the way they operate? ...

i can guarantee that they wont last very long at all IF that was the case ...

#crysx

[cidman]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

Mine wasn't even half of what it was at that time the last full day of hashing, I should say. Lucky you tho.

[AliMan]

The payouts are definitely lower than where it should have been, but it's alright, getting angry or fighting over a few bucks doesn't really cut it for me. It just disturbs the schedule of the amount of BTC to be expected at a certain day.

Although Cidman has a point that as they mentioned "shares would be counted during the downtime", yea, not so sure about that. The only thing I'm pretty strict in life is when one gives their word and doesn't keep it. By saying this, no amount of BTC can really keep up with what's morally wrong.

[Digitalmocking]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

Mine wasn't even half of what it was at that time the last full day of hashing, I should say. Lucky you tho.

Mine were exactly where they'd be expected, especially with about 40 minutes of failover to the backup pool.

[Digitalmocking]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

Mine wasn't even half of what it was at that time the last full day of hashing, I should say. Lucky you tho.

Post proof.  I think you're a completely full of shit troll.

[nicehash]

Hi,

Thank you all for you support and please note that even statistics is broken, all shares have been paid for. It is however true that the payout rate was lower than usual in a particular intervals due to high paying orders being depleted before buyers could re-load or re-submit them due to web interface being down for the time of the maintenance. This only lasted for a few hours, nevertheless it should not happen and we're sorry for it.

Once again, sorry for all the troubles!

Kind regards,
NiceHash

[cidman]

I can't speak for anyone else, but my dashboard doesn't show any data from the down time, but the payout once the graphing resumed is exactly where it should have been.

Mine wasn't even half of what it was at that time the last full day of hashing, I should say. Lucky you tho.

Post proof.  I think you're a completely full of shit troll.

You don't understand what troll means obviously but ill let you humor me.  This is just for 2 miners on quark algo.  I really don't feel like spending more wasted time uploading the other 5 charts.

[NiceHashSupport]

Different algorithms and service locations were differently affected. For some (Sha256 and Scrypt on NiceHash) were almost unaffected, because these most likely had big fat orders with enough of BTC loaded.

Quark on NiceHash for example, was severly affected - I remember the price was 10 times lower than usual when we started web back up, but then in few minutes price went up as buyers started placing new orders.

A lot of buyers do not put a lot of BTC, they rather use refill method every so often. If you check Quark order list now, you can see that not a single order has more than 0.2 BTC as remaining balance. The total hashpower of Quark before outtage was around 50 GH/s and the total when service came back around 30. You can do some simple math to figure out that these slim orders were quickly depletted in hours of downtime.

Also worth to note is that with parameter p= we give every miner an option to stop mining if price falls below this treshold. Not a single other pool has this option. If you do not want to mine for change, you should always set this parameter. Did you use it?

We did not skim or earn any BTC from this unfortunate event. Buyers are paying miners. The only beneficiers of this event are buyers that placed low paying orders. Maybe you should blame them, because they didn't put high enough prices.

[Nubminer]

I use the nicehash servers to sell and it is always the same pay every day (roughly given rates go up and down) so even when they are down on the web interface I always seem to get properly paid for my hashes.

but the web server seems to be down way too often.. as it is right now.. I am surprised at how often the web interface just does not work and I blindly assume everything is OK... and so far its all been good.

the biggest complaint I have is since I don't really know what the rates that I am getting paid for it makes me want to switch pools and it seems I am asking myself this everyday for the past week because the web interface is down again.

In my opinion these guys provide an excellent service and I am hoping these web problems get resolved.


If anybody from nicehash reads this... I am curious if you can give a little more control to sellers in the way our miners produce...   my antminer will run for hours if my price is not met my shares just get discarded.. but it is still doing its job I am just not getting any reward..  so I cant really set a price because it would be counterproductive as market conditions change.. however.... if you provided an auto switch out solution so if my price cannot be met then I go to a nicehash pool that pays a set value based on standard PPLNS pool rather than a PPS/Market pool.

in situations like what happened on Thursday the Buyers of hash Made out like bandits on Quark for example and, had the downtime been extended it possibly would have greater effect on SHA256.

however if the sellers could also place an order on your system and bid out their hash rate to a certain price range and if the range cannot be met then switch out to a PPLNS Pool then you would not have a major crisis.

... Meh I don't know what the hell I am talking about its probably too much work for little reward

[TracerX]

Different algorithms and service locations were differently affected. For some (Sha256 and Scrypt on NiceHash) were almost unaffected, because these most likely had big fat orders with enough of BTC loaded.

Quark on NiceHash for example, was severly affected - I remember the price was 10 times lower than usual when we started web back up, but then in few minutes price went up as buyers started placing new orders.

To follow up on this, I was mining SHA256 and saw no drop in pay.  The order books weren't accessible, so this makes sense.

[NiceHashSupport]

I use the nicehash servers to sell and it is always the same pay every day (roughly given rates go up and down) so even when they are down on the web interface I always seem to get properly paid for my hashes.

but the web server seems to be down way too often.. as it is right now.. I am surprised at how often the web interface just does not work and I blindly assume everything is OK... and so far its all been good.

the biggest complaint I have is since I don't really know what the rates that I am getting paid for it makes me want to switch pools and it seems I am asking myself this everyday for the past week because the web interface is down again.

In my opinion these guys provide an excellent service and I am hoping these web problems get resolved.


If anybody from nicehash reads this... I am curious if you can give a little more control to sellers in the way our miners produce...   my antminer will run for hours if my price is not met my shares just get discarded.. but it is still doing its job I am just not getting any reward..  so I cant really set a price because it would be counterproductive as market conditions change.. however.... if you provided an auto switch out solution so if my price cannot be met then I go to a nicehash pool that pays a set value based on standard PPLNS pool rather than a PPS/Market pool.

in situations like what happened on Thursday the Buyers of hash Made out like bandits on Quark for example and, had the downtime been extended it possibly would have greater effect on SHA256.

however if the sellers could also place an order on your system and bid out their hash rate to a certain price range and if the range cannot be met then switch out to a PPLNS Pool then you would not have a major crisis.

... Meh I don't know what the hell I am talking about its probably too much work for little reward

This feature we already have since begining: p= https://www.nicehash.com/?p=faq#faqs4

Unfortunately, for some antminer S5 users it may cause issues - idling. Yet again (remember old idlebug?), there is some code error in cgminer that is being used by antminer S5. We have already escalated this issue to parties that may offer the updated firmware version in near future.

[ATCkit]

I use the nicehash servers to sell and it is always the same pay every day (roughly given rates go up and down) so even when they are down on the web interface I always seem to get properly paid for my hashes.

but the web server seems to be down way too often.. as it is right now.. I am surprised at how often the web interface just does not work and I blindly assume everything is OK... and so far its all been good.

the biggest complaint I have is since I don't really know what the rates that I am getting paid for it makes me want to switch pools and it seems I am asking myself this everyday for the past week because the web interface is down again.

In my opinion these guys provide an excellent service and I am hoping these web problems get resolved.

+1. Also, when the front end is down, I can still find out what NH is paying by using this link: http://cryp.today/current

[cidman]

Different algorithms and service locations were differently affected. For some (Sha256 and Scrypt on NiceHash) were almost unaffected, because these most likely had big fat orders with enough of BTC loaded.

Quark on NiceHash for example, was severly affected - I remember the price was 10 times lower than usual when we started web back up, but then in few minutes price went up as buyers started placing new orders.

A lot of buyers do not put a lot of BTC, they rather use refill method every so often. If you check Quark order list now, you can see that not a single order has more than 0.2 BTC as remaining balance. The total hashpower of Quark before outtage was around 50 GH/s and the total when service came back around 30. You can do some simple math to figure out that these slim orders were quickly depletted in hours of downtime.

Also worth to note is that with parameter p= we give every miner an option to stop mining if price falls below this treshold. Not a single other pool has this option. If you do not want to mine for change, you should always set this parameter. Did you use it?

We did not skim or earn any BTC from this unfortunate event. Buyers are paying miners. The only beneficiers of this event are buyers that placed low paying orders. Maybe you should blame them, because they didn't put high enough prices.

Well I did do the math and really didn't have to, since hours remaining for certain orders are listed.  But going upon current orders there is no way that within 7 hours the price would go from .5522 BTC/Gh/day to less than .13.  Let alone be less than .25 for the majority of those hours. But i guess well never know what orders were in there before the "server crash" unless someone had screenied it.  Let alone we don't really know who the ones are who have the low orders that will never be hit on normal circumstances.

Also I still havent received any reply from the email sent to support from before I ever posted here yesterday.  I hope that you guys didnt plan this but I still have removed all my miners from your network to be safe.  Something is strange here.

I do wanna say this for those still using or have intentions of using.  I have had no problems before this and think this is easily the better of the 2-3 pools similar to this, simply based on volume of orders.  When things are working properly they work great and the payout is better than if you would hash the coins directly.

[Raskal]

Different algorithms and service locations were differently affected. For some (Sha256 and Scrypt on NiceHash) were almost unaffected, because these most likely had big fat orders with enough of BTC loaded.

Quark on NiceHash for example, was severly affected - I remember the price was 10 times lower than usual when we started web back up, but then in few minutes price went up as buyers started placing new orders.

A lot of buyers do not put a lot of BTC, they rather use refill method every so often. If you check Quark order list now, you can see that not a single order has more than 0.2 BTC as remaining balance. The total hashpower of Quark before outtage was around 50 GH/s and the total when service came back around 30. You can do some simple math to figure out that these slim orders were quickly depletted in hours of downtime.

Also worth to note is that with parameter p= we give every miner an option to stop mining if price falls below this treshold. Not a single other pool has this option. If you do not want to mine for change, you should always set this parameter. Did you use it?

We did not skim or earn any BTC from this unfortunate event. Buyers are paying miners. The only beneficiers of this event are buyers that placed low paying orders. Maybe you should blame them, because they didn't put high enough prices.

Well I did do the math and really didn't have to, since hours remaining for certain orders are listed.  But going upon current orders there is no way that within 7 hours the price would go from .5522 BTC/Gh/day to less than .13.  Let alone be less than .25 for the majority of those hours. But i guess well never know what orders were in there before the "server crash" unless someone had screenied it.  Let alone we don't really know who the ones are who have the low orders that will never be hit on normal circumstances.

Also I still havent received any reply from the emails sent to support from before I ever posted here yesterday.  I hope that you guys didnt plan this but I still have removed all my miners from your network to be safe.  Something is strange here.

Here is the bottom line what's done is done, if you feel cheated LEAVE because your in the minority.
I seriously doubt if nicehash would take their website offline just to get a few hours of cheap mining that's really a rediculous assumption. I'd be willing to bet nicehash lost more than they gained from the outage. However even if nicehash staff ran the numbers and determined an outage at that particular time would make them more money, (which I highly highly doubt), besides deciding to no longer do business with them there is ABSOLUTELY NOTHING you can do about it now. I had 6 rigs on 5 algos running during the outage and although my charts show no hashing being done the orange line showing profit in bitcoins continues to go up at the same pace. As somebody has shown in a previous post showing the orange line before the outage connecting to the orange line after the outage. So although the chart has a blank spot the profits were still increasing at the same rate with maybe the exception of algo's that had high paying orders run out during that time. NiceHash should not and I guarantee you will NOT pay you anything, besides the fact that most can see they were in fact paid correctly, there is no way you can prove that you were mining that entire time and that you should have made x number of bitcoins but you only received y amount. So please just drop it, your wasting your time.

[Nubminer]

This feature we already have since begining: p= https://www.nicehash.com/?p=faq#faqs4

Unfortunately, for some antminer S5 users it may cause issues - idling. Yet again (remember old idlebug?), there is some code error in cgminer that is being used by antminer S5. We have already escalated this issue to parties that may offer the updated firmware version in near future.

No you misunderstand what I am saying.. 

Currently the way things are the Buyer of hashrate has all the Control of the market.





First: you (NiceHash) need to start a new PPLNS Pool that gives a guaranteed payout based on current difficulty I think it is somewhere in the .01096 per TH/s Range.

Second: you (NiceHash) need to start a new SELLER Login that allows me to offer my hashrate for XXbtc TH/s

Third: you (see the pattern) get your scrypt-kiddies to write some code that allows our miner to point to one address and it will Automatically switch out to either the PPS/Market pool or to the PPLNS pool

Sellers should be able to login to the Nice hash website just like a buyer does and offer a certain hashrate for whatever price they dictate, in the meantime I would still ( as the seller ) be pointing my Miner to your pplns pool.

the problem with the current system is that your Buyers can set a price lower than the Difficulty reward and that is NOT FAIR to the seller.. and when your website is down... nobody can see what is really happening and who is getting screwed.


OR ( ALTERNATE SOLUTION ) Pay attention here because this one is the SIMPLE solution that solves everything....

Stop allowing buyers to specify a price lower than the difficulty payout.... Problem solved

[NiceHashSupport]

This feature we already have since begining: p= https://www.nicehash.com/?p=faq#faqs4

Unfortunately, for some antminer S5 users it may cause issues - idling. Yet again (remember old idlebug?), there is some code error in cgminer that is being used by antminer S5. We have already escalated this issue to parties that may offer the updated firmware version in near future.

No you misunderstand what I am saying.. 

Currently the way things are the Buyer of hashrate has all the Control of the market.





First: you (NiceHash) need to start a new PPLNS Pool that gives a guaranteed payout based on current difficulty I think it is somewhere in the .01096 per TH/s Range.

Second: you (NiceHash) need to start a new SELLER Login that allows me to offer my hashrate for XXbtc TH/s

Third: you (see the pattern) get your scrypt-kiddies to write some code that allows our miner to point to one address and it will Automatically switch out to either the PPS/Market pool or to the PPLNS pool

Sellers should be able to login to the Nice hash website just like a buyer does and offer a certain hashrate for whatever price they dictate, in the meantime I would still ( as the seller ) be pointing my Miner to your pplns pool.

the problem with the current system is that your Buyers can set a price lower than the Difficulty reward and that is NOT FAIR to the seller.. and when your website is down... nobody can see what is really happening and who is getting screwed.


OR ( ALTERNATE SOLUTION ) Pay attention here because this one is the SIMPLE solution that solves everything....

Stop allowing buyers to specify a price lower than the difficulty payout.... Problem solved

What is difficulty payout?

We have no intentions to put up bitcoin mining pool - we do not have enough hashing power to eliminate big payment variance due to the luck.

Your idea sounds very complicated for a simple solution that already exists:
Have 2 pools, first NH with p= and second one to PPLN pool, use both with same BTC address. Many miners already use this to mine. Even if frontend is down and price goes below your treshold, you will mine on your backup pool.