Ninjastic
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Re: [PPS 2% fee] NiceHash.com pool - higher profits than direct mining BTC!
by
Rum152
on 21/04/2015, 21:02:02 UTC
Quote from: philipma1957 on April 21, 2015, 07:16:25 PM
Quote from: rkinnin on April 20, 2015, 09:53:39 PM
Quote from: philipma1957 on April 20, 2015, 03:17:29 AM
Quote from: rkinnin on April 20, 2015, 03:16:13 AM
Quote from: NiceHashSupport on April 19, 2015, 09:02:55 PM
Quote from: rkinnin on April 19, 2015, 07:14:33 PM
Quote from: NiceHashSupport on April 19, 2015, 05:50:46 PM
Quote from: opentoe on April 19, 2015, 05:21:50 PM
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).