[PPS multipool] NiceHash.com pool - higher profits than direct mining BTC!

[Searing]

We need more hashing power! What are you waiting for, point your SHA256 miners to NiceHash.com / WestHash.com!

alas! my sha256 knc 567gh Jupiter just won't pay at 12c kwh where I'm at (currently a doorstop) now some 1K usd btc coin and a lot of old stuff would suddenly come back to life!

[1714128202]

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[1714128202]

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[jonnybravo0311]

The 20-30% premium is acceptable when you consider the advantages and additional features MRR brings. That's not a knock on nicehash, which I think is a great service too.

We are not aware of any benefits, besides possible need to submit tickets for refunds when rental not works as expected. But if you really know about some benefits that could improve our service, let us know.

When it comes to this 'floor order' - this is currently testing feature and we will decide how to proceed with this depending how customers respond to it.

I'm in agreement with Prelude here.  There's no reason to artificially create any floor or ceiling for that matter.  The market will balance itself appropriately.  Of course, you could provide some kind of warning to anyone submitting an order if they are some X% away from expected earnings, but to forcefully limit what can be done is not the way to go.

By the way, you asked about benefits that justify the premium on MRR.  As a rig owner, I have the ability to remotely manage my gear on MRR.  I can setup profiles to quickly move my hash from coin to coin and pool to pool.  As a renter on MRR, I can evaluate the available gear and decide whether or not I wish to rent it based on scores, average hash rate, location, etc.

I'm not stating that NH/WH is a bad model at all.  In fact, I think the concept of orders is pretty easy to understand and use as both a seller and a renter.  My intention is simply to highlight some of the advantages I see in MRR and why the service they provide is typically at a premium compared to yours.

[jeffy1021]

i like the new stats chart, but it would be nice if you added an avg payrate and a avg % above or below the payline to it.

that way i can click on say 1d and see what my avg payout was and my % above or below the payline was.

Agreed, definitely an improvement.  Now if only the demand for hash would drive prices up a little 

[philipma1957]

I still continue to use your service as frankly it is better then any one else has to offer. That is my opinion  and others are entitled to other opinions.

I think the false bottom  without a false top is a mistake.  I would prefer no top or bottom.

here are 2 miners that made the 10x price error. both could complain no warning was given them. so by have a false bottom you are choosing to protect people renting their rigs rather then people renting rigs from you.

https://bitcointalk.org/index.php?topic=763510.msg11322339#msg11322339


https://bitcointalk.org/index.php?topic=763510.msg11322351#msg11322351


This is going to hurt you long run.  I have rented to you 10 btc plus


I have rented from you 15 btc plus.
I rented my signature for 1-2 coins over 4-5 months. (can't remember but all thses numbers are close)

 I rent from you as I type. I want to see your company stay around.
You need to think about how to structure protectionism in a way it is fairly applied.
RIGHT NOW YOU ARE NOT FAIR TO THE GUY THAT TYPES IN 0.099 VS 0.0099

OR YOU can just leave top and bottom alone and let your customers  fend for their-selves.

Bottom line is I still rent as your prices are the best. I just worry many that did a 10x mistake and had no protection  will cause your services grief.  Right now  have 6 people on a shared 6btc rental of 100th pointed at ck's solo pool. 


I manually monitor the prices and I adjust them.  If I type 0.099 and miss it I could lose 6 coins instead of .6 coins  no warning given to me that I asked to pay 10x the going rate. 

 Now a month ago I would have eaten the error now I would complain that your are favoring people renting to your service over people renting from your service..

You have made a problem trying to help those that put in x for the password.

I don't rant or troll a lot, but this bothers me as I like your service and want to keep using it.I fear this mistake is costly

[jonnybravo0311]

I still continue to use your service as frankly it is better then any one else has to offer. That is my opinion  and others are entitled to other opinions.

I think the false bottom  without a false top is a mistake.  I would prefer no top or bottom.

here are 2 miners that made the 10x price error. both could complain no warning was given them. so by have a false bottom you are choosing to protect people renting their rigs rather then people renting rigs from you.

That's what I was suggesting earlier... if NH/WH can provide a warning to the person creating the order if/when they do something like miss a decimal point, that would at least help to assuage the pain.

[philipma1957]

I still continue to use your service as frankly it is better then any one else has to offer. That is my opinion  and others are entitled to other opinions.

I think the false bottom  without a false top is a mistake.  I would prefer no top or bottom.

here are 2 miners that made the 10x price error. both could complain no warning was given them. so by have a false bottom you are choosing to protect people renting their rigs rather then people renting rigs from you.

That's what I was suggesting earlier... if NH/WH can provide a warning to the person creating the order if/when they do something like miss a decimal point, that would at least help to assuage the pain.

"what is good for the goose is good for the gander"  that old saying applies.  as does "all or nothing"

[NiceHashSupport]

By the way, you asked about benefits that justify the premium on MRR.  As a rig owner, I have the ability to remotely manage my gear on MRR.  I can setup profiles to quickly move my hash from coin to coin and pool to pool.  As a renter on MRR, I can evaluate the available gear and decide whether or not I wish to rent it based on scores, average hash rate, location, etc.

As a miner: using MRR as a gear manager only adds up extra latency to your target pool which results in more stale shares. There are plenty of rig managing software solutions, even for free - local proxies, or no? How is extra latency added a benefit, we cannot understand.

As a buyer: on NH/WH you don't have to evaluate available gear, because you always get only 100% verified shares and always pay only for speed that was sent to you. On MRR you loose time, because you need to do evaluation of ratings. Besides, if rig does not perform well, you need to fill in ticket (means extra time). Aditionally, at MRR you cannot cancel contract. At NH/WH you can cancel any time.

Considering all these facts, we don't see any premium features at MRR - the reality is opposite - NH/WH offers premium features over all other renting services.

But lets keep this discussion open - let us know what features would you like to see added to NH/WH. We have some cool never-seen stuff planned, but let's hear community now.

[jonnybravo0311]

By the way, you asked about benefits that justify the premium on MRR.  As a rig owner, I have the ability to remotely manage my gear on MRR.  I can setup profiles to quickly move my hash from coin to coin and pool to pool.  As a renter on MRR, I can evaluate the available gear and decide whether or not I wish to rent it based on scores, average hash rate, location, etc.

As a miner: using MRR as a gear manager only adds up extra latency to your target pool which results in more stale shares. There are plenty of rig managing software solutions, even for free - local proxies, or no? How is extra latency added a benefit, we cannot understand.

As a buyer: on NH/WH you don't have to evaluate available gear, because you always get only 100% verified shares and always pay only for speed that was sent to you. On MRR you loose time, because you need to do evaluation of ratings. Besides, if rig does not perform well, you need to fill in ticket (means extra time). Aditionally, at MRR you cannot cancel contract. At NH/WH you can cancel any time.

Considering all these facts, we don't see any premium features at MRR - the reality is opposite - NH/WH offers premium features over all other renting services.

But lets keep this discussion open - let us know what features would you like to see added to NH/WH. We have some cool never-seen stuff planned, but let's hear community now.

As a gear owner
Using any mining rental site will add latency.  You can't state that MRR does, but you do not.  That's simply a false statement.  For example, if I choose to use WH, I have to point my gear to your pool.  When my gear is rented, it's still pointed (at least from my end) to your pool.  You are redirecting the traffic from there to whatever pool the renter has chosen for his order.

When my gear is not rented, my gear is pointed to whatever backup pool I've set.  With any BitmainTech miner, I've only got 3 pools I can configure via their web interface.  If I'm using WH/NH, 2 of the three slots are taken.  Therefore, I've only got a single pool to which I can point my miners if/when my gear isn't rented.  If that pool happens to go down, my miners are idle.  That's unacceptable.

With MRR, I have the option to set up to 5 pools that my miner can point to.  So, I can set my miners to connect to MRR's servers and still have two possible backups that my gear will fail over to.  Further, I can easily change to which pools my gear is pointing with the click of a button from anywhere.  I can do it while I'm sitting at an airport waiting for my flight.  I can do it from the hotel.  Wherever I want.  And, I don't have to setup any kind of proxy server at my home and expose that.  The convenience of being able to easily remotely monitor my gear and change things on a whim by clicking a button is a far better level of service offered by MRR.

As a gear renter
With MRR, I have the ability to see exactly from where my hashing is being sourced.  If I'm going to mine on a pool that's on the east coast of the US, I don't want gear in China providing the hash because I'm going to have to deal with the latency of hash coming halfway across the planet.  I can also see descriptions of the rigs that will be providing my hash, so I'll know that if, for example, I want to mine on p2pool, I won't pick any Neptune or S2s or Avalon tubes because they either flat out don't work with p2pool or hash at lower-than-advertised rates.

Further, and this is in regards to canceling a rental, sure, you can cancel a rental on WH/NH at any time.  Your rental can also be stopped at any time because somebody decided to pay more than you did, so the gear that was hashing for you is now hashing for somebody else.  With MRR, you've got a contract for a specified time.  That gear is yours.  If I rent gear for a week, I want that gear to be under my control for a week, not wonder if it'll mine for 3 days and then stop and maybe pick back up again 5 days later.

[Gws24]

The last point is partly solved by the fixed order you can place at NH. I say partly because it becomes quite expensive when you want to rent large amounts of hash for a fixed rate and if you want to change pools you need to cancel the order and place a new one.

As a renter I would like to see the following two features:
- a percentage on the all order page that shows how much of each order is filled; would make it easier to see if an order i'm planning to put in has a chance of getting filled because sometimes there is a higher paying order that is in the process of gobbling up all the hash. You can kinda see it now with the order sizes and hashrates but not so easy.
- being able to change the pool I'm mining too without having to cancel the order and place a new one

[philipma1957]

Frankly I have only rented to and from nice-west hash.  many many many times.

they pay they don't fuck up in that manner.

I only do BTC  why BTC is not a pump and dump coin.  So speed and stopping an order has no importance.

On an alt coin having the order stop is a killer. So I just don't do it.  I am older I like to set my life on cruise control and watch the view. Pump n dump alts are very unstable.

So a low cost BTC rental op turns up on nice hash  I will take it.  and get very good service.

It looked to me If I pay a guy a coin for 100th for 24hours and he skips I get fucked. If this is correct let me know.

What does mrr do if a renter skips?

Nicehash side steps this by switching out machines to you and you get your hash.

This is a priceless value to me .  I can live with the 3% fee.  I don't like the false bottom you need a false top.

But nice hash has the best rental prices and I like that.

 

[jonnybravo0311]

Frankly I have only rented to and from nice-west hash.  many many many times.

they pay they don't fuck up in that manner.

I only do BTC  why BTC is not a pump and dump coin.  So speed and stopping an order has no importance.

On an alt coin having the order stop is a killer. So I just don't do it.  I am older I like to set my life on cruise control and watch the view. Pump n dump alts are very unstable.

So a low cost BTC rental op turns up on nice hash  I will take it.  and get very good service.

It looked to me If I pay a guy a coin for 100th for 24hours and he skips I get fucked. If this is correct let me know.

What does mrr do if a renter skips?

Nicehash side steps this by switching out machines to you and you get your hash.

This is a priceless value to me .  I can live with the 3% fee.  I don't like the false bottom you need a false top.

But nice hash has the best rental prices and I like that.

 

Great points Phil.  If you've rented a rig and the rig owner bails... either on purpose or by accident, you're refunded for whatever remains on your contract.  If the rig spends more than 20 minutes of the first 30 minutes of your rental offline, the contract is cancelled and you get a full refund automatically.  Otherwise, you've got up until 12 hours after your contract ends to file a dispute (ticket).  Yup, it's a manual process that requires your attention.  Any disputes I've had have always been resolved very quickly (usually less than an hour after I've opened up the ticket).

MRR also allows you to contact the rig owner.  While it's a pretty crude implementation, it does allow you to try and work out any problems on your own.  As a rig owner, I've got the ability to donate time to a renter.  So, let's say I lose my power for an hour or so, I can contact my renter and let him know that I've extended his contract by an hour to compensate him.

Honestly, NH/WH handles this better by just swapping in some other rigs to maintain your order... assuming of course there are any rigs available at your price point.

I like both services, and I definitely think there's a place for them both to coexist in this environment.  Each has their strengths and weaknesses.

[blindminer]

I tried to rent about 5GH/s scrypt and pointed to solo.nocehash.
How much i must set for difficulty?16384?

[nicehash]

I tried to rent about 5GH/s scrypt and pointed to solo.nocehash.
How much i must set for difficulty?16384?

This is a bit off-topic, please use our solo thread https://bitcointalk.org/index.php?topic=1017498.0 ... anyway, the solo.nicehash.com pool will automatically adjust difficulty, but yes, you can set it to 16384 - it's a good starting point for larger amounts of Scrypt hashing power (100 Mh/s+).

[nicehash]

A few updates:

1) After the evaluation of pros and cons we have decide to pull back the arbitrage order. So it's fully open market again. We'll keep working on solutions to maximally benefit both sellers and buyers.

2) We have some new stuff in development for buyers who are looking for hashing power buying experience that is as close as possible to owning a physical rig (or renting a physical rig). Keep in mind that NiceHash buy order is basically an on-demand virtual miner, therefore we'll be adding hashing power stats graphs and detailed target pool info (rejects, other possible target pool info) - this will enable you to have even more control over the hashing power you bought and will give you an ultimate mining experience.

Thank you for using our service and keep on hashing
Kind regards,
NiceHash.

[philipma1957]

A few updates:

1) After the evaluation of pros and cons we have decide to pull back the arbitrage order. So it's fully open market again. We'll keep working on solutions to maximally benefit both sellers and buyers.

2) We have some new stuff in development for buyers who are looking for hashing power buying experience that is as close as possible to owning a physical rig (or renting a physical rig). Keep in mind that NiceHash buy order is basically an on-demand virtual miner, therefore we'll be adding hashing power stats graphs and detailed target pool info (rejects, other possible target pool info) - this will enable you to have even more control over the hashing power you bought and will give you an ultimate mining experience.

Thank you for using our service and keep on hashing
Kind regards,
NiceHash.

I really appreciate this.  I just wrote a post explaining why some just set a leave the miner on nice hash. let me link it.


https://bitcointalk.org/index.php?topic=763510.msg11341597#msg11341597

I have 3 s-3's that can  earn at  up to 150 diff  so if it rents as low as 0.0085

I can't access them so they have nicehash as the backup pool set with the x.  I am not the only one that has free or close to free power.  this may be why super low powers happen along with busy people that forgot to check.

[rkinnin]

A few updates:

1) After the evaluation of pros and cons we have decide to pull back the arbitrage order. So it's fully open market again. We'll keep working on solutions to maximally benefit both sellers and buyers.

2) We have some new stuff in development for buyers who are looking for hashing power buying experience that is as close as possible to owning a physical rig (or renting a physical rig). Keep in mind that NiceHash buy order is basically an on-demand virtual miner, therefore we'll be adding hashing power stats graphs and detailed target pool info (rejects, other possible target pool info) - this will enable you to have even more control over the hashing power you bought and will give you an ultimate mining experience.

Thank you for using our service and keep on hashing
Kind regards,
NiceHash.

Thanks for the update....I'll be happy to come back when the profit is not negative. :-)

[fastconfirmation]

I got two S3's now.  I am trying to use here.  They seem to connect.

But I do not see how to tell them apart?  Do I need 2 usernames?  Sorry I am new.

[nicehash]

I got two S3's now.  I am trying to use here.  They seem to connect.

But I do not see how to tell them apart?  Do I need 2 usernames?  Sorry I am new.

You can also use custom naming for your miners when using one BTC address for multiple miners. Simply append .name to your username: YOUR_BITCOIN_ADDRESS.name where "name" can be any string with up to seven alphanumeric (Aa-Zz, 0-9) characters (if more then seven characters or if non-alphanumerical character will be used, naming wont work).

More info here: https://www.nicehash.com/?p=faq#faqs1

[nicehash]

Today we implemented a warning pop-up window if you enter a price that is more then 10x higher then current average price. So hopefully this kind of mistakes wont happen any more.

[kano]

Maybe it should be 2x