Quote from: Prelude on May 06, 2015, 01:39:46 PM

Quote from: nicehash on May 06, 2015, 01:34:27 PM

Quote from: philipma1957 on May 06, 2015, 01:01:19 PM

I normally don't double post but look at this page my orders are in blue.

The mystery order is just under my orders.

So if I want to drop to 0.0096 this will kill my hash

So what is order #374774?

Hi, Phil.

This is no mystery order, take a look at the bottom of the orders list: there is a link to FAQ with explanation. We marked it explicitly since we want to provide absolutely transparent service.

Additional information: As you know, NiceHash/WestHash doesn't have it's own hashing power, it completely relies on hashing power sellers. And of course, sellers are not interested in selling hashing power below a certain level of profitability (currently -8%) - we've received several feedback from miners with these concerns. Therefore to sustain a long-term relationship with miners (sellers) we have to provide them at least a decent sustainable price. Otherwise miners (sellers) will go away and there will be no hash to buy whatsoever, or when hash power will be too small prices will go higher. Hopefully you understand this.

It is of no intention for us to make any money with arbitrage orders (since we're not running our own Bitcoin mining pools we have to point arbitrage order to external pools and taking into account variance and external pool fees, therefore arbitrage order will always basically generate us a 0 profit).

Anyway, this might not be our final decision, we're testing out this approach, but we have to find a way for long-term balance between sellers & miners expectations.

Of course, as always, comments are welcome, from both sellers and buyers.

Thank you for using our service!

Strongly disagree with this, and I'm a seller. Let the market dictate the price. If sellers don't like the price, they'll switch to another pool until the price comes back up. Anyone mining for -8% (-10% with fee) isn't really keeping an eye on their equipment.

Bottom line is you're costing people money. Let the market regulate it's self.

Was about to place an order, but will take it to MRR instead. I won't be using NH/WH anymore as a seller or buyer until this is resolved.

You are correct bro ..
this is the first time see service like this .. i well stopped my account in this service .. fuck you nicehash