Nicehash can you please explain why the 24 payouts on the 27th/28th at the time of this posting (5:30am GMT+08:00) are so low. (Namely 0.3397 BTC/GH/Day)
Not sure what exact numbers did you get into account, it's not clear from your post. Which payouts, for which miner, in which time frame?
Something that you probably didn't take into account, that you're also accumulating Immature and Unexchanged coins for each miner. These are accumulated throughout all miners and takes a significant percentage. With this in mind you'll get paid just the same of direct Ethereum mining, but with some delay due to Immature and Unexchanged coins buffer.
Are you honestly asking this from them?? They almost always underpay. What did you expect?
No, quite the contrary, NiceHash is the best paying no-hassle auto-payout multi-algorithm service out there.
Best regards,
NiceHash team.
Thanks fore replying. But I used the numbers on your homepage. Like currently as at 9:25am on the 28th Feb (GMT +08:00) there is 10.4231 GH/s mining Ethereum and your 24hr payout is only 0.3427 BTC/Gh/Day.
My explanation was quite simple to understand really. When I mined at other pools with my 50 Mh/s I mined roughly 1.485625 Ethereum per day and when I sold them at Poloniex I would earn 0.0220418 BTC per day or 0.440836 BTC/GH/day. Your pay rate you pay your miners mining Ethereum at Nicehash is around about 0.1 BTC/GH/Day less than mining at a Ethereum pool. Coinotron or Dwarfpool.
As for Immature or Unexchanged, thats no different to other mining pools mining Ethereum. My point was with 10.4 Gh/s at Nicehash, that would be generating 310+ Ethereum coins per day. I posted the mining calculator I used to generate the mining income in my original post. As for your statement:
"Not sure what exact numbers did you get into account, it's not clear from your post. Which payouts, for which miner, in which time frame?"
1st: Which payouts = Ethereum
2nd: Which Miner = Well I thought you paid all your miners the same rate. (BTC/GH/Day) thats posted on the homepage. Didn't think there was different payouts rates for different miners. I though it was all equal.
3rd: I posted the time frame. 27 till the 28th ending 5am (GMT +08:00). Pritty easy to work out which time frame I am talking about. Plus I've been monitoring the Homepage looking at the 24 hour current payout and it has sat on 0.33 - 0.35 BTC/GH/Day for the 24 hours in the time frame I quoted.
So clearly the miners are not getting paid the same as mining at a Ethereum pool directly.
Why is there no transparency or statistics for the Ethereum miners since in essence we are mining like we are at a normal Ethereum mining pool. There is not Ethereum address that Nicehash use to mine into. Not stats on how many coins the mining pool mines per day, or per hour. Simply stating it as BTC/GH/Day tells us nothing about the efficency of the Nicehash Ethereum pool. Because thats what it is. Our income is not dictated by buyers of hashrate that rent/lease our hashing power and dictate the price Sellers are paid based on the market of the other algorithms you support on Nicehash.
The Nicehash Ethereum pool is just that, a mining pool, and I think to be fair to the miners, it would be nice to know some more about how the pool is operating and pool luck etc.
Another example of the low pay rate is I used to mine at Dwarf pool before trying Nicehash and I would earn like I mentioned before in the post, between 1.45 and 1.50 Ethereum per day, which works out to 0.061 Ethereum/hour. Now I had a bitcoin payment at 1am (GMT +08:00) and it is now approaching 10am (Same timezone
) Which is nice hours since the last payout.
At dwarfpool my balance would be 0.061 * 9 hours = 0.557 Ethereum coins. When converted to BTC at the current market price on Poloniex works out to be 0.00821809 BTC earned. Now in my mining stats from Nicehash I have only earned (In BTC since I have no idea how many ether I have mined):
Immature: 0.00050554 BTC
Unexchanged: 0.00063749 BTC
Unpaid balance 0.00480530 BTC
Total: 0.00594833 BTC
A whole 0.00226976 BTC less than at a different Ethereum Pool. 33% less mining income that at another Ethereum mining pool. How do you explain that??
Oh btw: I noticed when I was checking the payout address of the various miners, I came across an address that got paid 6+ BTC and I went through all the different algorithms and locations trying to match this address up with a miner but suprise suprise no miner matched the address. I thewn did a taint analysis of the address and it was linked to Slush's Bitcoin mining pool and this address was getting paid from Slush's mining pool when 100 confirmations were confirmed. Is that how you use some of the 20 Ph/s of SHA-256 mining power on Nicehash. Mining for yourselves at Slushs mining pool.
Cause Im sure that your order books are never always 100% full and all Sellers mining hashrate is consumed or rented/leased by buyers 24/7. It would be very convenient to point the left over hashrate from lack of orders at a mining pool and mine for yourselves using fake orders in the order book at lower prices. If you like I can dig up the BTC wallet address and TX's from this address being paid from Slushs mining pool.
Cmon, I mean isn't 3% fee for buyers and 3% fee for sellers enough income for Nicehash. You payout over 86+ Bitcoins per day. 6% of that is 5.16 BTC per day in income just in fees. Or $2000 US at current BTC rates per day.
Plus all the income from underpaying the sellers as well, it would work out to close to 8-9 BTC+ per day that Nicehash is making in revenue. 33% less Ethereum works out alone to just over 1.4 BTC per day that you are under paying the Ethereum miners.
So can you clarify a bit more information about the Ethereum mining pool on Nicehash, since that what it simply is. No one is dictating how much us miners get paid since its not available to rent on the order book yet. So it's operating strictly as a traditional mining pool. Where is the 10Gh/s pointed at? Or have you split the hashrate up so as to not be included in the Ethereum stats of Highest Hashrate miners on Etherchain.org.
Because if your using your verification, aggregation, acceleration mining proxy's to combine for instance 1Gh/s slices of hash rate pointed at another pool.
Can you disclose your Ethereum wallet address that Nicehash use to collect the Ethereum that the Nicehash Ethereum mining pool generates.
Enough of my rant, Look forward to hearing back from you guys.
Cheers
