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Author Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC!  (Read 76746 times)
philipma1957
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April 20, 2015, 04:25:16 PM
 #201

I wish I understood how this all worked, but I started pointing hash here while it's more than what I would get at PPLNS on 100% luck.  I also set p=0.0106 for the time being.

set price higher then p=0.0106

westhash floor is 0.0115

nicehash floor is 0.0120







I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 20, 2015, 07:14:10 PM
 #202

Thanks for the tip, I just finished reading the "Getting Started" section of their website so now I understand how buyers bid for hash. 

Supply and Demand  Smiley
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April 20, 2015, 08:20:34 PM
 #203

I am curious about something regarding when I "rent" my SP20 to Westhash. Over the last 24 hous, the "advertised" rate on the Westhash website has been well over .0127 based on my sampling of it. Assuming that we have two identical 1TH miners, but they use different p= values (say .0110 and .0120), would we expect a different payout for the two miners? I am trying to understand if I need to "demand" a higher rate, still below the advertised rate, in order to maximize my return.  I can see many different implementations, and how they might work.

Insight and experience comments would be greatly appreciated.
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April 20, 2015, 08:34:45 PM
 #204

I am curious about something regarding when I "rent" my SP20 to Westhash. Over the last 24 hous, the "advertised" rate on the Westhash website has been well over .0127 based on my sampling of it. Assuming that we have two identical 1TH miners, but they use different p= values (say .0110 and .0120), would we expect a different payout for the two miners? I am trying to understand if I need to "demand" a higher rate, still below the advertised rate, in order to maximize my return.  I can see many different implementations, and how they might work.

Insight and experience comments would be greatly appreciated.

Take a look at this FAQ: https://www.nicehash.com/index.jsp?p=faq#faqg1

Hashing power sellers are paid at the current weighted average price, which is refreshed each minute. Current price is displayed on the NiceHash.com front page.

You are not paid by particular order, neither you can't "demand higher rate" - you'll always be paid the same as all other miners - plain simple and fair Wink

The p= parameter is there only to disconnect your miner when the current weighted average price if lower the setting in your p= parameter (btw: if you take a look at the pool's past 30days stats you'll see that youe really don't even need to use any p= at all, since the payouts in average are very well above 100% luck ideal Bitcoin mining Wink )

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April 20, 2015, 09:53:39 PM
 #205

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
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April 20, 2015, 10:29:47 PM
 #206

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
the yellow line on your info page.. i really wish they updated that so you can turn off the other lines and get a better look at your info.. also adding an avg payout under the avg speed would be nice too.

https://www.westhash.com/index.jsp?p=miners&a=1&addr=1D1V2wvDg9hMjj7uFpHYW7Dk1yp3pvHrGs < change that to your address..

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April 20, 2015, 10:30:13 PM
 #207

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 


NiceHash.com - Largest Crypto-Mining Marketplace
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April 20, 2015, 10:31:45 PM
 #208

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
the yellow line on your info page.. i really wish they updated that so you can turn off the other lines and get a better look at your info.. also adding an avg payout under the avg speed would be nice too.

https://www.westhash.com/index.jsp?p=miners&a=1&addr=1D1V2wvDg9hMjj7uFpHYW7Dk1yp3pvHrGs < change that to your address..



We have on todo list to switch to HighStock charts. Then, much more will be visible from these graphs.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 21, 2015, 12:48:04 AM
 #209

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 



what page/url is that chart found?
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April 21, 2015, 01:34:33 AM
 #210

Last 24 hours sure have been a rollercoster.  Moved most of my miners during the huge upswing.  Has been a great time seeing the extra mining cash.

A thanks to smit for making the firmware for Bitmain gear.  Have been using on S4's and C1's.
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April 21, 2015, 05:01:55 AM
 #211


so you say you are getting .02 / where do I see what I am getting? 



what page/url is that chart found?

Start with www.westhash.com, and scroll down about a page. You'll then see a table for Sellers and Buyers, listed by algorithm. I expect Nicehash is similar. I use Westhash since I am in Minnesota, USA.
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April 21, 2015, 01:14:15 PM
 #212


so you say you are getting .02 / where do I see what I am getting? 



what page/url is that chart found?

Start with www.westhash.com, and scroll down about a page. You'll then see a table for Sellers and Buyers, listed by algorithm. I expect Nicehash is similar. I use Westhash since I am in Minnesota, USA.

Nicehash/Westhash are exact same as far as seeing price paid on page.  This method works for either.

It has been another nice 24 hours, making a little extra coin with sending my miners over here.
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April 21, 2015, 07:16:25 PM
 #213

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
  you put in a price on your miner when I wrote that I had p=0.0202  as my password

see here


I then check here:

so right now I know I am getting p=0.0125 or more for the hash rate below


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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April 21, 2015, 09:02:02 PM
 #214

Nicehash, where do you suggest to get the most recent and accurate information on what we should use as our password. Do you recommend using your main page for SHA-256? Currently it indicates 0.0119 and wondered if using that number or going up a bit higher to make it worth it? I wouldn't want my rigs switching too many times I guess. May as well want to make it worth it. I also some times do not have the access to change my password field, limited access to my miners. So that in itself could be a bust for me to use this type of proxy hashing. What do you think?


We have "percentage p=" on todo list, where you would be able to only specify % above or below current profitability of ideal 100% luck bitcoin mining. But even this would not solve the possible price tag, where your miners may constantly switch on/off. It is impossible to say what price to set that your miners would never fall into this mode.

It is good practice to use PPS backup pool for switching.

Another option is; you may simply ignore p=. NiceHash paid 4% above ideal 100% luck bitcoin mining in past 30 days and with 2% fee this means 2% above ideal 100% luck bitcoin mining. There are no other pools that can guarantee you this with extremely regular payments. Not to mention extreme spikes that can happen (paycoin for example). Down spikes are not often or very big - we have a lot of buyers that do arbitrage and they pull the price up towards 100% luck bitcoin mining.

If you want guaranteed payment, mine with NiceHash. If you want to gamble, choose other pools or even solo pools.

I have used your pool for a few weeks now and do enjoy the daily payouts.

For historical purpoese what sort of spike did you actually see with the pay coin frenzy?

Miners were being paid about 10 times more than usually for about 5 days.

Last weekend I saw 30% and tonight 26%.  Why the frenzy now?


as always a new alt coin take the money while you can. I am getting 0.02 price for it.

so you say you are getting .02 / where do I see what I am getting? 
  you put in a price on your miner when I wrote that I had p=0.0202  as my password

see here


I then check here:

so right now I know I am getting p=0.0125 or more for the hash rate below



Miners cannot choose which order to join. Even if you set p= higher than Currently paying and lower than high paying order, your miner will be disconnected. If you want to mine, you only need to have p= lower or equal to Currently paying value, thus part of table with info for buyers is useless for miners - it is there only for buyers so they can see for what price they can get hashing power. Same goes for buyers - miners part of table is useless for them - currently paying rate gives them no info about current hashrate market (they need to know order book, price interval of orders).

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April 21, 2015, 09:10:46 PM
 #215

Nicehash, thanks for providing upgraded firmware for my S4.  It is now up with extranonce subscription enabled.  Any chance you can post a pre-complied binary for my older SP10?
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April 21, 2015, 09:25:03 PM
 #216

I've rented hashing power just to get into mining a long time ago, I very quickly learned that It cost more to rent these rigs than I earned in coins generated, but was worth the experience just to learn about pool settings etc.
These payouts seem too good to be true.
What stops someone renting from one of these less expensive other mining rig rental places and then renting them out at Nicehash for a massive profit.

I've got a spare 1.3 Gaw Zeusminer that's earning about 2 pennies per day, but costing 5 times that in electricity, might see If I can connect to Nicehash, see what happens, though it does seem too good to be true.


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April 21, 2015, 10:42:25 PM
 #217

Nicehash, thanks for providing upgraded firmware for my S4.  It is now up with extranonce subscription enabled.  Any chance you can post a pre-complied binary for my older SP10?

You might ask the SP team on updating firmware for it.

Again the past 24 hours have been pretty good pay.   Nice little bump in btc earned.
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April 21, 2015, 10:56:50 PM
 #218

Nicehash, thanks for providing upgraded firmware for my S4.  It is now up with extranonce subscription enabled.  Any chance you can post a pre-complied binary for my older SP10?

You might ask the SP team on updating firmware for it.

Again the past 24 hours have been pretty good pay.   Nice little bump in btc earned.

Makes sense, I'll shoot a message over to them. 

Agreed on the good pay.
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April 22, 2015, 05:12:08 PM
 #219

Looks like it is slowly down right now.  Were around +15 percent on SHA so not the +40 we were enjoying.

I hope it goes back as it was very very nice to have.
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April 22, 2015, 06:03:32 PM
 #220

Looks like it is slowly down right now.  Were around +15 percent on SHA so not the +40 we were enjoying.

I hope it goes back as it was very very nice to have.

third diff adjustment in a row with a solid sha-256 bump

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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