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Author Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC!  (Read 76720 times)
mdude77
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February 21, 2015, 12:05:11 PM
 #81

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 

You are saying this from buyers point of view? Me, as a seller, I constantly make profit, small, due to high electricity cost, but more than mining direct Bitcoins.

I make a profit as well ... when the price is right.  Right now the price is wrong.  I'm not sure who would rent their rigs at 4% - 2% = 6% less than you'd get mining at a place like Eligius, where at minimum you make 99%, more if you configure your NMC.

Renters need to get their prices right...

M

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February 21, 2015, 05:25:53 PM
 #82

Nicehash and westhash are highway robbery there is no way you can make a profit it is all BS do the math.

 

You are saying this from buyers point of view? Me, as a seller, I constantly make profit, small, due to high electricity cost, but more than mining direct Bitcoins.

I make a profit as well ... when the price is right.  Right now the price is wrong.  I'm not sure who would rent their rigs at 4% - 2% = 6% less than you'd get mining at a place like Eligius, where at minimum you make 99%, more if you configure your NMC.

Renters need to get their prices right...

M

Tried buying hash speed and renting my miners lost out both ways it all bs!

I will stay with Antpool pays much better and a lot less HW errors from all that coin switching which Nicehash keeps anyway as profit its all BS!


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February 22, 2015, 01:26:16 PM
 #83

Odd, I have made lots of BTC both renting out and renting. You have to apply some math skills to decide when to do either, dog. If you lack these skills it is likely best that you stick with something simpler.

All of my posts are simply statements of my own personal opinions based on available information and pondering what might be possible considering human nature, with the goal of finding truth and preventing fraud. Please look at all of the facts and theories and put your thinking cap on to draw your own conclusions. If you feel that I have made a false statement or have been unnecessarily derogatory, I encourage you to please point it out, and if proven correct and/or reasonable I will remedy it. ~ Paul Revere
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February 22, 2015, 02:19:22 PM
 #84

Could somebody explain why I see difference in the payments between on Nicehash stats page and my own miners page?

The stats shows 0.119 but at my miners page 0.095.

 Huh

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February 23, 2015, 11:24:17 PM
 #85

Buyers of hashing power at NiceHash/WestHash are not only mining Bitcoin, they are also (sometimes) mining various other coins. Some of them are still at very low difficulty, switching jobs very fast, etc. Unfortunately manufacturers of ASIC miners are putting very weak controllers in their miners (saving a few $ in a machine, worth hundreds even thousands of $ Sad ) with non-optimized software and are thus unable to process large number of shares/jobs/work-restarts. A typical example was KnC Titan (not SHA256, but an Scrypt miner) which was only able to mine Litecoins until the controller software was properly optimized. Recent example of a SHA256 miner that is having a few issues with rejects is AntMiner S5, hopefully Bitmain will improve it soon. If manufacturers would put a multi-core Raspberry Pie 2 in their miners (with a good controller software - I'm not talking only about cgminer/bfgminer, but also drivers, etc. handling of low difficulty coins, switching jobs very fast, proper handling of flushwork, etc.) there would be no issues. For example, there are no issues with sgminer mining any GPU based coin, running on PC (which always has a decent CPU). Probably there is also room for improvement in cgminer itself for these issues.
Scrypt miners have nothing to do with this, and I object to you blaming cgminer or the hardware for these issues. 3 second restarts will cause a loss of 10-15% of hashrate no matter how powerful the controller. You are mining shitcoins and miners are losing income as a result, thinking the bonuses will make up for it somehow.  Being aware of the issues and planning to tackle them is good but please choose your scapegoats wisely.

ckolivas, we respect you as a cgminer developer and overall contributor to Bitcoin community and we are not looking for any scapegoats here ... we're just trying to run a service where both - owners of the mining devices and those who are seeking for hashing power to rent - can benefit. We'll continue to work with hardware and software providers to make sure that various crypto coins (not all of them are shitcoins) will be mineable by various mining devices.
Your wording was clearly choosing a scapegoat ... since you claimed the hardware and miner were at fault but provided no details of why the hardware or the miner were at fault.

Mining just BTC works fine.

As soon as you add merged mining that prioritises the merged mined coin above the BTC mining, to either make "extra profit" for you, or "extra payout" for your clients, of those merge mined coins, the result is loss of shares on BTC.

3 second restarts means that the merged mined coins are getting priority over the BTC restarts and miners are losing BTC.
Sounds like a REALLY bad idea to me ...

That is why we reward miners for often job switches. On some orders, that purely perform constant job switching, miners are rewarded very good. Example:



This miner was getting paid more than what kind of speed it has. Of course, we are trying to set these rewards to be equal to full miners speed, but this is long process and a lot of testing will have to be done before we find optimal formula. Currently miners are paid a bit more than what they should be in events of massive job switching.

No matter if your miner gets rapped by massive amounts of new jobs, our system will reward it with extra virtual shares.
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March 07, 2015, 10:45:40 AM
 #86

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.


Also, does the mining default to PPLNS?
And I put D=1024 in the password, but it still cranks it up to 4096 by itself.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Thanks.

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March 07, 2015, 03:49:26 PM
 #87

The past higher profits left in thread title only..
About your other questions let us hope a pool op will come with an answer

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philipma1957
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March 07, 2015, 05:41:40 PM
 #88

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.


Also, does the mining default to PPLNS?
And I put D=1024 in the password, but it still cranks it up to 4096 by itself.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Thanks.

d=1024 is wrong  never use it.


use p= ?

p is for price you want to rent at.

So set it for p=0.0121  and you will skip the pool unless someone pays  that high .

one of my sp20e settings  so it looks at west and nice hash to see if I can sell high. right now I can't it goes to my third choice.

As an aside this ability to list more then 6 pools is on sp20e's and is very good for people using west and nice hash.

At no cost in hash or time it checks and skips west-nice hash until the time is right. then scoops in and gets  a high price automatically when it is available.

Basically if you have sp20e's and don't do a setup  like mine below you are throwing money away.



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.
nicehash
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March 07, 2015, 06:43:36 PM
 #89

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.

AntMiner C1 is obviously having some issues, we'll try to provide an updated cgminer binary with extranonce.subscribe.

Also, does the mining default to PPLNS?

No, pure PPS.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

Our pool is a hash rate rental service and buyers of hashing power are willing to pay more for renting hashing power, that is why you are paid more then directly mining BTC.

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Please take a look here: https://www.nicehash.com/index.jsp?p=faq#faqs9 and see the "Note:".

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Like I said, obviously C1s are having issues with our pool, we'll take a look at it.

The past higher profits left in thread title only..

Take a look at past 7 or 30 days at https://www.nicehash.com/index.jsp?p=stats, tab SHA256, it still pays more then directly mining BTC.

opentoe
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March 07, 2015, 07:27:53 PM
 #90

My miners are hashing good (1 TH each) but when I view the stats page they are only doing 800 GH/sec. And the speed rejected is like %2 to %4. When I've tried other pools I was always at at least 980-1TH/sec. Any idea what that could be? I'm just trying out this pool for the first time today.

AntMiner C1 is obviously having some issues, we'll try to provide an updated cgminer binary with extranonce.subscribe.

Also, does the mining default to PPLNS?

That would be great if I could update my cgminer. For now I have to switch off because of that. Just not reaching my miner's potential. And I've asked Bitmain to update the firmware too.

No, pure PPS.

I'm strictly mining BTC, nothing special. The title of this thread says "higher profits than difect mining BTC", where are those higher profits coming from and how long after you start mining there you will see that?

Our pool is a hash rate rental service and buyers of hashing power are willing to pay more for renting hashing power, that is why you are paid more then directly mining BTC.

I'm pretty familiar with settings up my pools, but this one seems a little confusing. I'm just a little more concerned with why the difficulty is jumping way up to 4096 when I set it at 1024 in the password field to 1024 using "D=1024" from help from a previous post.

Please take a look here: https://www.nicehash.com/index.jsp?p=faq#faqs9 and see the "Note:".

Ok, I'll take another look. It was late and I could of swore I saw to set the diff it was a D=. Thanks.

Also why my hashing speeds on my miners here at home are going full blast but when I check the westhash site I have high speed rejected stats. Unless I'm just not understanding this pool and it's setup.

Like I said, obviously C1s are having issues with our pool, we'll take a look at it.

The past higher profits left in thread title only..

Got it. And thanks for the info.




Take a look at past 7 or 30 days at https://www.nicehash.com/index.jsp?p=stats, tab SHA256, it still pays more then directly mining BTC.

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opentoe
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March 08, 2015, 09:28:22 AM
 #91

There maybe other issues with the C1 miner on this proxy. I set it up so that my password was p=0.0117. Westhash was my first pool/proxy. Then I added my second pool. I reset my miners and they never started on the second pool, even though it indicated "live" in the status column. I think I have heard others talk about their rigs not jump down to the next pool. Any thoughts?

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March 08, 2015, 11:07:49 AM
 #92

There maybe other issues with the C1 miner on this proxy. I set it up so that my password was p=0.0117. Westhash was my first pool/proxy. Then I added my second pool. I reset my miners and they never started on the second pool, even though it indicated "live" in the status column. I think I have heard others talk about their rigs not jump down to the next pool. Any thoughts?


My S5's jump down in and out of Westhash as my price is hit but I have had my S3's sometimes just get stuck after leaving Westhash and not failover to my next pool.
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March 08, 2015, 12:48:03 PM
 #93

Any reason why I can't connect my miners to WestHash? Can't get SHA or Scrpyt to connect. The SHA rig works fine pointing to another pool. I've double checked all the URLs and everything; everything is fine. As a matter of fact, they were working fine for the past month... just today they magically decided to no longer connect.
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March 08, 2015, 05:28:17 PM
 #94

Any reason why I can't connect my miners to WestHash? Can't get SHA or Scrpyt to connect. The SHA rig works fine pointing to another pool. I've double checked all the URLs and everything; everything is fine. As a matter of fact, they were working fine for the past month... just today they magically decided to no longer connect.
hmm... seems to be fixed now.
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March 08, 2015, 07:56:37 PM
 #95

This is all I get with my C1's. And I did find an upgraded firmware that support #xnsub feature. I can connect to Westhash stratum just fine by itself, but if I put in a price in the password it doesn't jump to my second pool. Any ideas here?





EDIT:
I may be getting somewhere. I used P=.015 and it started to mine on Westhash. I'm a little lost on what price to set there, so what would be a good average price set there?

I also want to change it to a very high price to see if it drops down to my backup pool as well.

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.


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March 09, 2015, 10:08:45 PM
 #96

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

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March 12, 2015, 09:47:58 AM
 #97

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

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March 12, 2015, 10:05:49 AM
 #98

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

I wonder if its a firmware issue as my S5's work great but my S3's are a hit and miss as they most of the time failover but sometimes the get stuck and are not hashing anywhere.

ElGabo are you using a P or p? I have always used a lower case but after reading above I wonder if that is your problem?
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March 16, 2015, 08:59:19 PM
 #99

Apparently if I use an upper case P in the password field for the price it will just mine there no matter what the price. I tried using P=.50 which is of course is way high and my miner "should" have jumped to my backup pool buy it stayed hashing on Westhas stratum. Soon as I change that upper case P to a lower case p my C1 doesn't mine at all on Westhash or jump down to backup pool. Technical issues with the Antminer C1 apparently.

FYI I had the same problem with my S4.  I had to turn off the extranonce, otherwise it'd never failover to another pool when the price dropped.  I reported it in the S4 forums, and like most if not all Bitmain issues, it was ignored.

M

I have the same with all my S5-s.  Smiley

I wonder if its a firmware issue as my S5's work great but my S3's are a hit and miss as they most of the time failover but sometimes the get stuck and are not hashing anywhere.

ElGabo are you using a P or p? I have always used a lower case but after reading above I wonder if that is your problem?

I'm using p. Will try out tomorrow with P.

My S5-s working fine if I don't use #xnsub.

My S3-s working good... (As far as I checked them.)

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March 17, 2015, 01:18:28 AM
 #100

This is a good pool but the only issue I have is that the "server requested stratum restart" is annoying because I am mining this at my apartment and the lights constantely flicker whenever it does this.

I think it happens when its switching jobs. The miner shut off momentarily and the power consumption goes down and up, and therefore inrush current. Kind of like what happens when the AC kicks on.

Sometimes it only happens once an hour because its mining BTC but it happens like every 5 minutes or so when its mining those altcoins.

But other than that I have no complaints, good reliable pool, great rates, and payments always on time.

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