Hey, i'm not long into the mining business and i have some questions.
I finished my first mining rig with 6x Gtx1080ti 11GB and now i ask myselft, what is the best way to mine.
I found Nicehash, and i really like it that they pay you out directly in BTC.
When you mining directly in a pool for just one currency, for example ETH or Zcash, you have to check the market prices every day and you need to exchange them with fees and a lot of work.
So why not everyone is using nicehash? Do you earn much more money when you mine directly?
And are you switching between the coins manually?
Thanks
A few downsides.
- Like you mention, you make less. Nicehash takes a cut for being the middleman.
- I am not 100% sure if nicehash uses the latest, most optimized miner, so another few % slower because of slower miner.
- You can't tweak GPUs to optimal settings, since each algo need different core and mem for best performance and best hash/watt ratio. Using a stable setting for all coins means poor optimization, another 2-5% loss.
- Nicehash may not support the most profitable coins.
In short yes, we earn more by mining ourselves. Sometimes ALOT more, usually 5-10% more.