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Author Topic: [ANN] NiceHash.com - sell & buy hash rate cloud mining service / multipool  (Read 794152 times)
boki15
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January 30, 2015, 04:45:50 PM
 #2841

A quick look at the scrypt market on westhash shows 95 active orders, and what appears to be 1 person holding 75 of them (consecutive order numbers and/or all the same or very similar price)

There isn't anything that can be done about it though, any way you can think of to stop it is soon defeated, eg limit on number of orders just use multiple accounts. IP Limit, switching ip's is very easy.

You are right, I also do not see any solution, but maybe some other have good idea. Actually the point is not to restrict someone, point is to give a possibility for others to mine.
adaseb
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January 30, 2015, 05:47:29 PM
 #2842

Any idea why all of a sudden the SHA256 rates went up?

Any new alt coins out there that are SHA256 ?
vabchgent
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January 30, 2015, 06:01:33 PM
 #2843

And climbing  Wink

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kilo17
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January 30, 2015, 06:07:50 PM
 #2844

because you cannot rent any hash power without the Bots or whatever driving up the price....its a damn shame and i am about ready to bail on NiceHash...only problem is now my BTC will not be released for 24 hours so I can use them on a FAIR site ....the anti Bot crap doesn't work---

Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
kilo17
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January 30, 2015, 06:23:38 PM
 #2845

Actually it's worse now than before.... same guy has like 30 accounts running on Sha256....Fu$%ing Joke...

PLEASE release my BTC so I can rent somewhere else---

Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
nicehashdev
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January 30, 2015, 06:28:28 PM
 #2846

because you cannot rent any hash power without the Bots or whatever driving up the price....its a damn shame and i am about ready to bail on NiceHash...only problem is now my BTC will not be released for 24 hours so I can use them on a FAIR site ....the anti Bot crap doesn't work---

We don't have anti bot rules, we actually support them, that is why there is API available. We just don't support market manipulation in any dishonest way.

Everyone may use the bot placing and managing orders as long as intentions are fair - to compete with other orders in a fair manner - that is - if you pay more, you get more.

A quick look at the scrypt market on westhash shows 95 active orders, and what appears to be 1 person holding 75 of them (consecutive order numbers and/or all the same or very similar price)

There isn't anything that can be done about it though, any way you can think of to stop it is soon defeated, eg limit on number of orders just use multiple accounts. IP Limit, switching ip's is very easy.

You are right, I also do not see any solution, but maybe some other have good idea. Actually the point is not to restrict someone, point is to give a possibility for others to mine.

True, that is why we are working on several possible solutions - two of them already mentioned and will be integrated in the system in following days/weeks and there is also a third one. We will provide a basic bot software, including source code, for everyone to use, for free. Those with some little coding knowledge will be able to easily extend and modify it to suit own needs (such as linking with wallets, exchanges and so on to get mining profitability data and be able to adjust maximal price for orders).

You are right, I also do not see any solution, but maybe some other have good idea. Actually the point is not to restrict someone, point is to give a possibility for others to mine.
edonkey
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January 31, 2015, 01:42:17 AM
 #2847

The web site is down. I'm seeing error 524 (timeout) from CloudFlare.

Hashes are successfully being submitted, so I hope that mining is still working.

Was I helpful?   BTC: 3G1Ubof5u8K9iJkM8We2f3amYZgGVdvpHr
crk
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January 31, 2015, 02:00:41 AM
 #2848

The web site is down. I'm seeing error 524 (timeout) from CloudFlare.

Hashes are successfully being submitted, so I hope that mining is still working.

Thought i was the only one with the issue
Bananana
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January 31, 2015, 02:31:26 AM
 #2849

The web site is down. I'm seeing error 524 (timeout) from CloudFlare.

Hashes are successfully being submitted, so I hope that mining is still working.

Thought i was the only one with the issue

Same here, hope they fix it soon.

Txslady
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February 01, 2015, 04:41:53 AM
 #2850

My .02 on the bots and price manipulators:  I have rented from nicehash from time to time for over 6 months now.  I set my price and never adjust it up.  The bots will set multiple orders for different prices and make their orders go dead once you get above their highest one.  I highly suspect it is the sellers doing this to raise the amount they earn.  If you wait and watch you will see their order go dead about every 10 minutes when they realize you are not going to increase yours.  Every time I have rented it has been filled within 24 hours and I never fell for their antics. 
TracerX
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February 01, 2015, 05:34:11 AM
 #2851

My .02 on the bots and price manipulators:  I have rented from nicehash from time to time for over 6 months now.  I set my price and never adjust it up.  The bots will set multiple orders for different prices and make their orders go dead once you get above their highest one.  I highly suspect it is the sellers doing this to raise the amount they earn.  If you wait and watch you will see their order go dead about every 10 minutes when they realize you are not going to increase yours.  Every time I have rented it has been filled within 24 hours and I never fell for their antics. 

This is solid advice, cheers.
bitsum
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February 01, 2015, 06:43:47 AM
 #2852

My .02 on the bots and price manipulators:  I have rented from nicehash from time to time for over 6 months now.  I set my price and never adjust it up.  The bots will set multiple orders for different prices and make their orders go dead once you get above their highest one.  I highly suspect it is the sellers doing this to raise the amount they earn.  If you wait and watch you will see their order go dead about every 10 minutes when they realize you are not going to increase yours.  Every time I have rented it has been filled within 24 hours and I never fell for their antics. 

I think that too.Their new system implementation was to restrict the bots usage by buyers.But I think the sellers are the one who are using bots in the first hand to increase the price.Why on earth would sumone think the buyer would place a higher order and pay more for he can get it in lower price and keep the order dead.They must review their new policy.

pitful
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February 01, 2015, 10:19:00 AM
 #2853

User restricted/fair but new mining policy imposed on the buyers side is not a better practice.Previously I used to create a order and leave it for a 15 days now I have to create the same order 4 times a day due to preholder cancellation and loosing additional non refundable fee.May be u create a bot software or since u people have two pools nicehash and westhash u can keep fair policy in one and leave the other for free market.
bitsum
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February 01, 2015, 10:27:56 AM
 #2854

User restricted/fair but new mining policy imposed on the buyers side is not a better practice.Previously I used to create a order and leave it for a 15 days now I have to create the same order 4 times a day due to preholder cancellation and loosing additional non refundable fee.May be u create a bot software or since u people have two pools nicehash and westhash u can keep fair policy in one and leave the other for free market.

Good advice.Out of the two pools nicehash or westhash u can restrict orders usage in one and unlimit the other for competitive buyers and sellers.

manfred87
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February 02, 2015, 09:23:10 AM
 #2855

your API is dead. since 3 hours..
in the API response i only see html-code "DDoS protection by CloudFlare" etc..

or do you want us to parse that with a browser!?
( there certainly is some javascript/magic code by CloudFlare which needs to be executed .. )
Tigggger
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February 02, 2015, 10:02:47 AM
 #2856

your API is dead. since 3 hours..

... and it's been brilliant, you can actually place an order without the bots taking over

Please take your time fixing it, sometime in 2016 would be good Smiley

AJRGale
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February 03, 2015, 04:53:58 AM
 #2857

your API is dead. since 3 hours..

... and it's been brilliant, you can actually place an order without the bots taking over

Please take your time fixing it, sometime in 2016 would be good Smiley

then how are you supposed to make BTC?! log into the the site and enter your own values?! Bah! Heretic of the Cash Cow!

... let me sell you a bot to work with the api Grin

Bananana
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February 03, 2015, 11:04:34 AM
 #2858

What happen to westhash? My miners is reporting extremely high reject rate, more then 50%.

crk
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February 04, 2015, 03:30:29 AM
 #2859

What happen to westhash? My miners is reporting extremely high reject rate, more then 50%.

That's weird man.. My miners are running and showing 0% rejects
Bananana
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February 04, 2015, 12:13:29 PM
 #2860

What happen to westhash? My miners is reporting extremely high reject rate, more then 50%.

That's weird man.. My miners are running and showing 0% rejects

It is back to normal now. But I think there is problem with westhash yesterday.

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