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

[irobb]

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.

[kano]

I think the thread title needs an update

[mdude77]

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.

That's low.  2.1 TH/s should average out to about 0.027 BTC daily.

I suggest checking the main page of west hash and look at the percentage for BTC to see if it's worth mining there.  Right now it's at 0%, which I think means you'll do better at a conventional pool.  Also, you can configure your workers to only kick in when the payout makes it worth while.

M

[philipma1957]

I don't know... I am making around 0.02370 BTC daily with 2.1 TH but it's only been around 3 days.  I have nothing to compare it to since I am new to mining.

That's low.  2.1 TH/s should average out to about 0.027 BTC daily.

I suggest checking the main page of west hash and look at the percentage for BTC to see if it's worth mining there.  Right now it's at 0%, which I think means you'll do better at a conventional pool.  Also, you can configure your workers to only kick in when the payout makes it worth while.

M

this is correct.  I rent for nicehash and westhash  .  They are great when a lot of people are renting to mine a hot coin.  Give me a minute to show how to set your miner's pools up to allow for westhash or nicehash to mine only when the price is a bit better.
 note westhash is for the western hemisphere
 nicehash is for the rest of the world

my pools page on my sp20  I set my rental price at 0.0141  that is about  0.0023 over the normal price of 0.0118  per th  

this overspread may allow for 10 to 30 hours a week  at the higher prices.

the pool it is mining at now is paying me about .0119 .



where my sp20 is mining right now it skipped over nicehash.  I set my rental price too high

[irobb]

Hey thanks!  That's really helpful.  Love your SP20 interface.

[mdude77]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

[philipma1957]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

[aurel57]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Or even worst at Slush's Pool as old shares are discarded and you could end up with no payment at all.

[Paul Revere]

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

[kano]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

[bonds]

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

[philipma1957]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

you are correct as long as  the rates at nice/west hash don't stay really high and your pool does not do back to back  500% blocks.

If I set westhash at 0.015  at first choice with your pool as second choice.

 Lets say for 5 hours  rates are  under 0.015 and I earn 1 % of your pool during that time 50th of hash would do that..  Then westhash rates jump to 0.016 switches me off your pool keeps me off your pool for days.  you pool does back to back 500% blocks I would lose all the shares due to dilution .
Very unlikely but possible.
So rather then  confuse the question asked,  I put pools  that can never happen to.

My own choice is to use your pool 2nd and f2pool third. Since I don't think back to back 500% blocks and really high rates on westhash will happen .  (I figure 10000 to 1 or more )   but on the net If I tell some one to use your pool under westhash I need the longer explaination.  If someone reads this post along with your quote  I think they would be fully informed.
   Took me a while to fully understand this angle to your pool  another reason I use it along with westhash.

[kano]

Hey thanks!  That's really helpful.  Love your SP20 interface.

Since most pools uses some form of PPLNS, it hurts to jump back to Westhash/Nicehash when it's a "little higher" than normal.  For that reason I have mine set quite a bit higher: 0.03

M

yes your second choice under nicehash/westhash

 needs to be a non-pplns pool  such as


https://mining.bitcoinaffiliatenetwork.com

https://www.f2pool.com

http://solo.ckpool.org

if you have

https://www.btcguild.com/

https://bitminter.com/


the switching will be harmful.

Incorrect.

As I have explained a few times, the PPLNS at my pool pays out the shares over the 5N diff after they are submitted.
It simply means that your shares get paid out over time ...
The 5N also reduces the luck variance.

you are correct as long as  the rates at nice/west hash don't stay really high and your pool does not do back to 500% blocks.

If I set westhash at 0.015  at first choice with your pool as second choice.

 Lets say for 5 hours  rates are  under 0.015 and I earn 1 % of your pool during that time 50th of hash would do that..  Then westhash rates jump to 0.016 switches me off your pool keeps me off you pool for days.  you pool does back to back 500% blocks I would lose all the shares due to dilution .
Very unlikely but possible.
So rather the confuse the question asked I put pools  that can never happen to.

My own choice is to use your pool 2nd and f2pool third. Since I don't think back to back 500% blocks and really high rates on westhash will happen .  (I figure 10000 to 1 or more )   but on the net If I tell some one to use your pool under westhash I need the longer explaination.  If someone reads this post along with your quote  I think they would be fully informed.
   Took me a while to fully understand this angle to your pool  another reason I use it along with westhash.

Yes, but your example works both ways.
If the pool averages better than 5 blocks in the following 500% you'll do better.

But the point is that is all random probability.

The expected average result over time is to get 99.1% (due to the 0.9% fee)

Each share itself will depend on the 500% after it is submitted, which of course can go both ways: pay better or worse than expected, but again, should average as expected.

Also note that over the past week we have averaged below expected, but over the previous 4 months have averaged above expected.
All of that is random luck, but that's just the way it has been, the results are random, but the expected result over time is the average.
(The last 42 blocks have been only just better than 100%)

[Paul Revere]

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

Rates are rising once again, although not quite as high as yesterday. Still higher than mining BTC at the moment.

[bonds]

Rates are way up right now (.021 /THs), get your rigs on Nicehash/Westhash to cash in on the boom!

Up past .025 now, get in while it lasts!

Well that was short lived

Rates are rising once again, although not quite as high as yesterday. Still higher than mining BTC at the moment.

Yeah I set my minimum mining price at 0.0130.  Still pretty decent.  Bummer it'll be gone once this random UNB pump is over.

[klondike_bar]

thats the nice thing about the fixed price

my 17TH switched over for about 6hrs today, at about ~105% profitability during that period. (p=0.0128)

[Paul Revere]

I have been unable to get my S5 to accept Westhash or Nicehash. Am I overlooking something? Anyone else experiencing this?

[philipma1957]

I have been unable to get my S5 to accept Westhash or Nicehash. Am I overlooking something? Anyone else experiencing this?

screen shot the settings

what is the top setting.


stratum+tcp://stratum.westhash.com:3334   = pool


btc address                                                 = user



P=0.0102                                                    =   password set to a price  try a really low price like the one on the left.

[Paul Revere]

These settings work on all of my S3's. I have tried address with and without the //, pay limit password and no password (x), everything I could think of and I can not get my S5 to accept Westhash (or Nicehash). Always shows as dead.

[nicehash]

Hi,

Try specifically add stratum+tcp at the beginning of the pool string, exactly like this:


stratum+tcp://stratum.nicehash.com:3334#xnsub

or

stratum+tcp://stratum.westhash.com:3334#xnsub


(#xnsub parameter at the end enables extranonce.subcribe for better efficiency on our service)

Also, make absolutely sure you're using valid Bitcoin address for Worker name, validate it through https://blockchain.info/ Search field.


This should work. Also, are you using these S5 miners on the same location with the same public IP address as other miners of yours, which are running fine on WestHash/NiceHash?