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

[suchmoon]

Soft regulation never hurted anyone, by the contrary, it sets limits so the market doesn't trample you.

Anyway, help me understand how setting a limit on the minimum order price would hurt the nicehash system.

And by the way, what guarantee do we sellers have that buyers aren't manipulating the order price thru cartelisation? A minimum limit would ensure we sellers aren't trampled by the market.

Best Regards

Camsarria

If you set a limit and buyers can't make money they won't place orders and will go to other places that don't have regulation. No orders = site dead. I don't think you need any guarantees, you just don't sell your hashrate if you don't like the price. "Soft regulation", "cartelisation", "trampled by the market"? Last time I heard those was 25 years ago. Good times.

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[Hyacin75]

I used nicehash for the last 2 months selling my hash power, and the reason for that is because it was more profitable then other multipools, and last 2 weeks that changed.
<snip>

This system needs some regulation

Not really. It's basic demand and supply, there is no need to mess with it. If providers feel they are underpaid then supply will decrease and if there is still demand then prices will rise. Which brings providers back.

Um, yep, this is why price thresholds are supported in the password field ... I was using them back when NH was more profitable than my multipool of choice, and I continue to use them today ... I update my threshold every day based on the rolling average previous 1/3/10 days of the multipool - if NH can do better, I mine here, if it can't, I mine there, fully automatic, no need to pay attention to where my hashes are going, nor to come here and complain about things ... I hash for whomever I expect will pay the best, and the money shows up in my wallet at the end of the day ... perhaps more people should give it a try so they have a little less to get stressed over and complain about ...

[MeteoImpact]

A lot of people (myself included) already have automated setups that compare profitability between NiceHash and multipools and switch between them depending on where the money is. There have always been and will always be discrepancies between what people are willing to pay for mining and what mining actually gets you at any given time; this is nothing new.

As a side note, I personally also liked WestHash operating as an entirely separate market from NiceHash for the same reason: there would often be discrepancies between the two sites which created opportunity for profit.

[rammy2k2]

ok, time to move my hashing power away from NH atm , it was nice while it lasted

[nicehash]

This system needs some regulation so that everyone is happy and everyone gets their share of profit.

camsarria, thanks for your thoughts, user's feedback is always appreciated. However, to be clear, we will never ever regulate prices on Nice/WestHash. Regulation always makes someone unhappy and is thus unacceptable for us. Also, NiceHash is all about crypto currencies and Bitcoins ... and well, we believe Bitcoin is all about free market, free will and free decisions. We made Nice/WestHash systems flexible for both providers and buyers (API, price parameter, see FAQ). We will try to continuously improve our system, making it attractive and profitable for both buyers and providers - but we have no plans in regulate/manipulate/affect our hash power prices what so ever - we want Nice/WestHash system to stay open and hopefully still profitable for everyone.

As a side note, I personally also liked WestHash operating as an entirely separate market from NiceHash for the same reason: there would often be discrepancies between the two sites which created opportunity for profit.

Again, because of the nature of our system this can not be done. If a miner is, for example, from Russia, he can't just choose between Nice or WestHash - he has to use NiceHash because by using WestHash he would have to much rejects and produce stale shares for buyers on WestHash - and to make system fair for everyone using Nice or West, we have to keep providers prices the same on both systems - making a fair system for all users regardless of their location.

So, fingers crossed for the altcoins market to stay dynamic and healthy - this will ensure good profits for all of us - providers, buyers and ourselves.

Thanks for using NiceHash & WestHash!

[last2stand]

Hi, I hope some mods or devs from nicehash.com can help me with that. I'd like to know how miners are distributed among the renting offers because I notice here that I have 0 miners (after 15 mins wait) and some offers lower than me have 10Gh/s.

Why are the miners from the 10Gh/s not transfer to me considering I offer more.

Pic related ---->  

[nicehash]

Hi, I hope some mods or devs from nicehash.com can help me with that. I'd like to know how miners are distributed among the renting offers because I notice here that I have 0 miners (after 15 mins wait) and some offers lower than me have 10Gh/s.

Why are the miners from the 10Gh/s not transfer to me considering I offer more.

Pic related ---->  

Please read this thoroughly: https://www.nicehash.com/?p=faq#faqb1

[nicehashdev]

Hi, I hope some mods or devs from nicehash.com can help me with that. I'd like to know how miners are distributed among the renting offers because I notice here that I have 0 miners (after 15 mins wait) and some offers lower than me have 10Gh/s.

Why are the miners from the 10Gh/s not transfer to me considering I offer more.

Pic related ---->  

Simply because on top of you, there are 2 unlimited orders, so they will get served with unlimited power before you are.

Why there is order with hashing power below yours? Because it was there for longer time already and accrued hashing power before your order and other unlimited orders appeared.

[last2stand]

Thank you very much guys 

[Fahlcor]

I totally agree with you...

Profit on Nicehash has been less then other multipool in the last few days

On the SHA-256 side I have never made as much as the calc have said i should except on Nicehash.  Thanks Nicehash!

this is how you set your prices as a seller.

https://www.nicehash.com/?p=faq#faqs4

Just use pool fail over and the sellers can easily control the price. If you want more and you all set the price high enough then it will move.  It would have to be a coordinated effort.

I suggest we don't sell unless the price on SHA-256 is .03/Thash

;-)

Fahlcor

[torontominer]

set the password as " d=0.008;p=0.17" on nicehash x11
then those paying 0.01 lurkers wont get a shit

[WBF1]

I totally agree with you...

Profit on Nicehash has been less then other multipool in the last few days

On the SHA-256 side I have never made as much as the calc have said i should except on Nicehash.  Thanks Nicehash!

this is how you set your prices as a seller.

https://www.nicehash.com/?p=faq#faqs4

Just use pool fail over and the sellers can easily control the price. If you want more and you all set the price high enough then it will move.  It would have to be a coordinated effort.

I suggest we don't sell unless the price on SHA-256 is .03/Thash

;-)

Fahlcor

re: setting the price, that's a good point. If sellers have some home-made tools for calculating and setting prices via config files it'd be great if they could share with other sellers. I have a spreadsheet that's a little messy right now, but I am gonna work on cleaning it up and sharing it with all. Not quite automatic, but it just requires you input a target price in USD for bitcoin, electrical cost per kwh, electrical use per algo per rig, and hashrate per algo per rig. It spits out a full, valid config string, per pool, that you can copy-paste into a config file.

I suppose I can convert this into a batch file at some point, but my time is limited unfortunately.

[elpsycongro]

set the password as " d=0.008;p=0.17" on nicehash x11
then those paying 0.01 lurkers wont get a shit

this wont work unless everyone does it

[Fahlcor]

set the password as " d=0.008;p=0.17" on nicehash x11
then those paying 0.01 lurkers wont get a shit

this wont work unless everyone does it

Well at least you won't be hashing for lesser than what you want to make.  If multi-pools are better then use them.

it sure would be nice if all miners read bitcointalk.org threads pertaining to the pool they use ;-)

Fahlcor

[MeteoImpact]

Huh, none of the X13 buyers on NiceHash want to take advantage of the 0.5GH/s of (essentially) free power on WestHash? As of writing this, there are 8 orders on NiceHash at over 0.5BTC/GH/Day, yet the highest order on WestHash is at 0.12.  

[camsarria]

Using the p=0.40 for scrypt, this way i get payed 0.40 and above yes?

[torontominer]

Using the p=0.40 for scrypt, this way i get payed 0.40 and above yes?

not exactly , in that case if price is lower than 0.40 , nicehash scrypt will show dead. u will switch to failover pool.

[minncryptos]

Is it possible to mine in a NiceHash pool using hashing power rented from NiceHash? When I try to fill in the appropriate Pool Details on the order form and submit the order, I always get a "Bad pool provided" error message. I am using stratum.nicehash.com for the URL, the appropriate port for the algo I want to use (e.g., 3339), a valid Bitcoin address, and some random password (which is not expected to matter). What if anything should I do differently? 

[nicehashdev]

Is it possible to mine in a NiceHash pool using hashing power rented from NiceHash? When I try to fill in the appropriate Pool Details on the order form and submit the order, I always get a "Bad pool provided" error message. I am using stratum.nicehash.com for the URL, the appropriate port for the algo I want to use (e.g., 3339), a valid Bitcoin address, and some random password (which is not expected to matter). What if anything should I do differently? 

You can't, because "snake eating own tail" scenario could happen (no work).

[OverEasy]

I am very confused. I feel like i need a PHD to understand this stuff.
Here is all I want. Sell my rigs hash to Nicehash, When not on Nicehash mine on IPOminer.

So most of the time both NiceHash addresses show as DEAD on Pimp.
Sometimes 4336 is on (rarely and I mine on it a few mins. Now I am giving my hash to nicehash. Am I getting paid?
Where are my stats (like MRR) that show my hashs, paymets, etc?

How should I set my priorities on PIMP? No that i matters much since both ports are always DEAD.
I guess step one is too figure out why the ports are dead.
Thanks in advance for help.


I use PIMP

Here is my config.

{
  "pools": [
   
    {
      "url": "stratum+tcp://pool.ipominer.com:3335",
      "user": "something.1",
      "pass": "x",
      "profile": "x11",
      "device": "all",
      "worksize": "128"
    },
     {
          "url" : "stratum+tcp://stratum.westhash.com:4336",
          "user" : "My BTC is here",
          "pass" : "f0=0;f2=0;f3=4;f4=3;f5=0;f6=0;f7=0",
          "nfactor" : "10",
          "profile": "x11",
          "device": "all",
          "worksize": "128"
     },
     {
          "url" : "stratum+tcp://stratum.westhash.com:4337",
          "user" : "My BTC is here",
          "pass" : "f0=0;f2=0;f3=4;f4=3;f5=0;f6=0;f7=0",
          "nfactor" : "10",
          "profile": "x13",
          "device": "all",
          "worksize": "128"
     }
  ],
  "profiles": [
    {
      "name": "x11",
      "algorithm": "darkcoin-mod",
      "intensity": "19",
      "thread-concurrency": "8192",
      "gpu-engine": "1170",
      "gpu-memclock": "1350",
      "gpu-threads": "2",
      "gpu-fan": "50-100",
      "gpu-powertune": "22"
    },
    {
      "name": "x13",
      "algorithm": "marucoin-mod"
    },
    {
      "name": "x15",
      "algorithm": "bitblock"
    },
    {
      "name": "scrypt",
      "algorithm": "ckolivas"
    }
  ],
  "failover-only": true,
  "default-profile": "x11",
  "temp-cutoff": "95,95,95,95",
  "temp-overheat": "90,90,90,90",
  "temp-target": "75,75,75,75",
  "gpu-memdiff": "0,0,0,0",
  "shares": "0",
  "kernel-path": "/usr/local/bin",
  "api-allow": "W:127.0.0.1,209.141.39.147",
  "api-listen": true,
  "api-mcast-port": "4028",
  "api-port": "4028",
  "auto-fan": true,
  "expiry": "1",
  "failover-switch-delay": "5",
  "gpu-dyninterval": "7",
  "gpu-platform": "-1",
  "hamsi-expand-big": "4",
  "log": "5",
  "no-pool-disable": true,
  "no-client-reconnect": true,
  "queue": "0",
  "scan-time": "1",
  "temp-hysteresis": "3"
}