Post
Topic
Board Mining (Altcoins)
Re: Sixth alt coin thread I forgot to mod last thread.
by
citronick
on 05/11/2017, 16:49:49 UTC
Anyone know why nicehash is paying so much for cryptonight?

You can check what they are paying here:

https://old.nicehash.com/index.jsp


Unfortunately their minimum difficulty of 300k (I think) for cryptonight makes it impossible for my small rigs to do anything at any stable hashrate there.

I mean, averaged over time the diff should not affect profitability......

Normally yes, but with difficulty that high some of my rigs won't find a share for lets say an hour.  During that hour my hash rate is considered zero by nicehash.  Then I find a share and nicehash say hey good job you!  You get a star that's worth 1k hash rate.  Find another one and I'll raise that but if you don't find another one within 5 minutes I'm putting you back down in the penalty box back down to 0 hash rate.  I don't know what the exact numbers are or the exact timing but that's what's happening to me if I compare my hash rate for cryptonight between nicehash and say dwarfpool.  My rigs will get counted for 1k of hash for say 3/4 the time and zero for the remaining which gives me 75% of my actual hash rate.  Now if my rigs were a faster say 5k and I miss an expected share not that big of a deal because like you said it will average out when I find an extra share but it will only drop to 4k hash rate calculated for that time.  The times I get 6k will make up for that bad luck portion.  Unfortunately though in my scenario the likelihood of me finding two blocks instead of one in the given amount of time at the nicehash difficulty is extremely rare so my average never picks back up.  So for the small miners or CPU miners I found it not worth it to mine cryptonight at nicehash.  Maybe others would have better luck.  I was hoping to find a XMR Proxy that would work with nicehash so I could pool all my small rigs into one larger looking rig but I couldn't find any.

You can try using MRR as a proxy - streaming into NH.

is that mining rigs rental?

Yup..... but for the GPU farm, so far so good without proxy server to NH.

However, if you many miners/wokers/Asics, instead of setting up private proxy server, I use MRR proxy nodes under the pretense of using their renting service, disable rental so that it will default to pools that you setup in MRR portal.

This way, I can switch pools at a click of a button. Saved me plenty of work for my group's hosted ASICs in Canada ~ 496 Asics now. Imagine changing pools for each of them remotely via TeamViewer - its no picnic.