What problem with this guy?
He is buying with a HIGH price everyday....
I can think of these 5 possible explanations:
1. There is a new SHA256 Altcoin around and somebody wants to mine as many as possible while it is not yet traded at most exchanges, hoping it will turn a profit (I did this once myself with BTCD and was lucky to sell them all a few months later for 10 times the mining costs). This phenomenon will stop when it becomes obvious that mining this coin has become unprofitable.
2. There is a new mining pool around and its owner needs hash power to find at least a few blocks every now and then, this will stop when his new pool has enough miners or when he runs out of money.
3. Somebody urgently needs to clean tainted coins as fast as possible and doesn't care about the 20% loss, this will stop once all the 700000 coins have been re-mined.
4. Somebody is totally retarded but for some unknown reason he has got vast amounts of money. This will never stop.
5. Nicehash themselves are periodically using parts of their profits to push the prices back above above the 100% level to keep it attractive for the sellers. It will stop once the quarterly budget that is allocated for this purpose is used up.
Unfortunately this forum thread is dominated by the sellers, not the buyers, so buyer problems won't be discussed here. Generally the whole service is organized to make it most attractive to sellers because these are the only people who really care about profitability and will disappear immediately once the green line drops 0.001% below the yellow line. Buyers on the other hand don't seem to care about all this at all, there are far more buyers than sellers, they will happily accept losses of 10% or even more, so it is only
consequent to let the buyers pay the fees for the infrastructure, pay the additional 5..10% hidden fees (called "extra rewards") to cover losses of inefficient pool switching, buyers will accept that they are not allowed to change their orders without huge penalties (while sellers can do so as fast and as often as they want), obviously all this works without a problem, so nicehash would be stupid if they did not focus 100% of their service on maximum seller comfort (with zero fees and extra rewards) and pass all the burdens, 150% of the costs and fees on to the buyers who will accept it uncomplainingly.
