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Author Topic: [PPS multipool] NiceHash.com pool - higher profits than direct mining BTC!  (Read 76693 times)
alh
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April 17, 2015, 06:45:55 PM
 #181

On my PPLNS pool you get paid each time a block is found.
Just a tiny correction to this statement.  On kano's pool you get paid once the block is found, confirmed and the generated coins from the block reward have matured.  I only write this so that you don't think you get paid immediately when a block is found Smiley.

I didn't actually expect anything instantaneous. On Slush, there's a "100 confirmation" delay built into the actual payout. That's at least hours, though usually less than a day, in duration.
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April 17, 2015, 07:25:51 PM
 #182

On my PPLNS pool you get paid each time a block is found.
Just a tiny correction to this statement.  On kano's pool you get paid once the block is found, confirmed and the generated coins from the block reward have matured.  I only write this so that you don't think you get paid immediately when a block is found Smiley.

I didn't actually expect anything instantaneous. On Slush, there's a "100 confirmation" delay built into the actual payout. That's at least hours, though usually less than a day, in duration.
The only pools (that I know of currently) in which you get actual generated coins are p2pool, Eligius and ck.'s solo pool.  The payout system at Eligius is convoluted.  You have to wait some amount of time to even make it into the payout queue, you then have to wait 101 confirmations before you can use the coins you mined.  When p2pool finds a block and you've got shares on the share chain you get part of the 25BTC block reward paid to you.  You must also wait for the 101 confirmations for the coin to mature.  Get lucky and find a block on ck.'s solo pool and the coins are generated directly to your address - also necessary to wait the 101 confirmations.

I'm not sure how some of the other solo mining pools payouts work, but if they're like ck.'s pool, then you're getting the coins generated from the block reward and are waiting the 101 confirmations.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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April 19, 2015, 05:28:40 AM
 #183

What is everyone renting sha256 to mine?
Some new alt?

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 19, 2015, 05:48:44 AM
 #184

What is everyone renting sha256 to mine?
Some new alt?

tbh I don't care, mo money for me.`
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April 19, 2015, 04:00:35 PM
 #185

What the fuck ever, Kano. My numbers are in fact correct when calculating what you will actually get paid when you compare that to the predicted payout. That is precisely what the poster was asking when I answered his question. Why you get paid a certain amount on different pools was not being discussed and you are just trying to obfuscate things by introducing strawman arguments.

 You should have just told me that you were running a pool and you were here to try to drive people away from here to your pool, it would have saved a lot of keystrokes.

Dude, forget it. Not worth arguing with this guy. He's the most rude pool operator around and will follow you around the forums making sure to point out every thing he can to make you look bad or like an idiot. Every pool operator I've ever asked questions to, spoke with and had communications with had patience, and acted in a grown up professional manner. This guy is just out of control. Besides his cronies that think he's an idol he's basically a dick to anyone that isn't "in the group" or something. You'll eventually see the results when the pool gets smaller and smaller. No one wants to be running their hardware on a pool where the operator is an ass. Plain and simple. Just read a few pages back. He told me to go fuck myself. I was being as passive and nice as I can and the dude just flips. He definitely has an anger problem. Yea, he drives people away. Don't know why.

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April 19, 2015, 05:21:50 PM
 #186

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?

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April 19, 2015, 05:50:46 PM
 #187

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.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 19, 2015, 07:14:33 PM
 #188

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?
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April 19, 2015, 07:21:28 PM
 #189

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.

Thank you very much for your information. It is much appreciated.

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April 19, 2015, 09:02:55 PM
 #190

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.

NiceHash.com - Largest Crypto-Mining Marketplace
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April 20, 2015, 12:02:55 AM
 #191

Is this the correct thread for a couple of simple nicehashbot questions, or should I message support?
I believe it is an underutilized feature many would benefit from, especially if they are mining on a daily basis.

If I want to accomplish a couple of basic things such as:
1. I want to set a maximum price I am willing to pay in BTC per TH, but actually pay the least amount possible in BTC per TH. At the moment the bot simply uses my price no matter where the floor is and still requires me manually entering a price to maintain miners.
2. I would like a way to change the worker name based on the current price I am paying so I may track my usage of WH on a per price via the pool side data. Is this possible?

I understand these may be things I have to code myself. Is there a place where other nicehashbot users are sharing this type of code? If not where would you recommend we start an unofficial thread to discuss these things. They could be donation based as it seems to work well in other areas.

When I first joined I did not like the interface as much as a different site, but it has grown on me and I now enjoy many of the things you have done to allow the community to use the site in a more flexible way from the custom firmware to the bot. NH / WH has quickly become my favorite rental site.

I always ramble a bit so...
Personally I am loyal to Kano's pool. He and CK have done some things for me I will never be able to pay back no matter how much I plan to be able to tip in the not so distant future, but I do set my price for westhash on a significant portion of my best mining gear, my SP20s and when the price is right my baby girls swoop in. I enjoyed some exquisite payouts over the past week which barely affected my payouts with Kano. The downtime from my move, installing completely new power distribution, sub panel, all new wiring, sockets, all the way to my miners, and I will lose some mining time from cable management and moving everything to a new switch with a backup switch and backup internet. All for my measly little amount of hash power, but the actual doing is phenomenal fun and I plan for all of this infrastructure work  to pay off or at least break even. I do consider it a business, it is too much work to be a hobby Smiley If things changed to a point I was unable to mine with Kano I would use WH as my primary and evaluate the WH / NH pool as a viable permanent main pool. There are many data points to consider but so far you have been excellent to work with.

When I decided I wanted to put something in my sig along the lines of a sig "campaign" I did not want to represent a straight dice gambling site. I do not use them. I have began trading some but none of the exchanges were stand out to me as places I can recommend someone visit.  West / Nice is a place I use on both ends and I feel good about recommending them. I have not checked any referrals in my account so it may not have done any good for them yet, but I have no doubts it will.

Once I get a version of the bot squared away the way I like it I plan to use the site to bring some acquaintances into the world of crypto in a try before you buy scenario. I want to be knowledgeable enough to be a crypto consultant in my area, organize meetups, and especially targeting people who are currently throwing their money away at all of the local casinos. Not everyone is a winner, and not everyone is a loser at a casino, but I feel the casino is setup to be a much more guaranteed loss. At least with NH / WH you can play a much bigger part in more variables deciding win or lose, (in my opinion), all from the safety of your home, or on the go while still spending quality time with your family, and in my case, supporting Bitcoin. I have only mined BITCOIN, but my main objective is helping promote the blockchain technology and I want to enable people to see what it and they can do.  

I am loyal, and westhash / nicehash have been steadily earning a place with me for I hope a long time to come.
You guys get that communication is the main key. So many companies do not understand that even if the customer doesn't like your answer, if you respond and take the time to hear them, maybe offer some alternative plan or go into some details regarding how you may be able to help them in the future they still may not like the current answer, but if they have common sense they will see you are doing what you can.

In my opinion a for profit business which communicates and lets people know their current and future plans is the best kind of business for this world. I want the company I do business with to want making money in the top area of the priority list. It goes hand in hand with any long term business plan because it highlights customer service. Without customer service, you will not remain profitable for years and years, with customer service, you dominate in the long run. I make choices now with companies who cost more but offer me better service. I do not mind paying extra to a company who has proven to provide superior support, especially when they exceed in several areas. I can get internet service much cheaper from AT&T than Cableone, but AT&T has nowhere near the offerings and customer service.

If you read all of my jabber thanks, and I hope you are having a great day, night, morning or evening wherever you are across this world.

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 20, 2015, 01:09:38 AM
 #192

And there go the rates climbing now. Must be another new alt dropping.

Transaction fees go to the pools and the pools decide to pay them to the miners. Anything else, including off-chain solutions are stealing and not the way Bitcoin was intended to function.
Make the block size set by the pool. Pool = miners and they get the choice.
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April 20, 2015, 02:14:50 AM
 #193

And there go the rates climbing now. Must be another new alt dropping.

yeah I am retired and check manually.  

right now my p=0.0199   just under the lowest which is 0.0202


which is 2x normal while it lasts.

Right now I am renting  from nicehash fixed for .0101 and   renting to nicehash for 0.0199.

does not happen a lot  but I thought fixed was very low at 0.0101 last night  I hoped we may have spike today and we are.

the two in blue are me I have about 1 hour left


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, 03:16:13 AM
 #194

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?
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April 20, 2015, 03:17:29 AM
 #195

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.

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, 03:29:13 AM
 #196

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 shit coin take the money while you can. I am getting 0.02 price for it.

I am almost wondering if I should fire up my old s1's to help the cause??
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April 20, 2015, 03:30:26 AM
 #197

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.

I am almost wondering if I should fire up my old s1's to help the cause??

Sure if it makes money sense do it.

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, 03:55:57 AM
 #198

Well, it appears that at least Westhash has gone back to being "in balance" where the cost to rent is higher than the price to sell hash to Westhash. If I am reading things correctly, I am getting up to .0235 for the hash I am renting to them. This is roughly double what I think I would expect to earn at almost any other BTC pool. None of this makes sense, and it obviously can't last, but it is VERY interesting.
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April 20, 2015, 03:59:42 AM
 #199

Well, it appears that at least Westhash has gone back to being "in balance" where the cost to rent is higher than the price to sell hash to Westhash. If I am reading things correctly, I am getting up to .0235 for the hash I am renting to them. This is roughly double what I think I would expect to earn at almost any other BTC pool. None of this makes sense, and it obviously can't last, but it is VERY interesting.

yeah my fixed rates have expired so the magical moment of paying 0.0101 to rent 50th and renting out 2th at 0.0212 is gone.

But my two avalon 4.1's are overclocked and earning 0.0212 as I type .   pretty good.

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, 01:13:18 PM
 #200

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.
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