Quote from: Mindin on November 09, 2017, 05:00:03 AM

Quote from: webrats on November 09, 2017, 03:04:36 AM

Quote from: SeedyMiner on November 09, 2017, 02:44:18 AM

Quote from: NinjaPickle on November 08, 2017, 10:35:01 PM

Quote from: SeedyMiner on November 08, 2017, 10:03:23 PM

Quote from: Stealth8368 on November 08, 2017, 09:30:31 PM

Well I have be posting about this nicehash problem for sometime now,these miners have no incentive to hold since fees need paid so they dump eating up buy orders for whatever price they can get,this is reason price crashes and difficulty increases but seems only us loyal miners can see this,I regularly see pool xyz advertising his nicehash port and I used to mine there till he started looking for nicehash miners,greed is a terrible thing and destroys great projects,we are not alone in this problem there are many other coins been damaged by this behaviour and left with sky high difficulty and low price after they dump

I completely get and respect what you are saying about Nicehash miners disrupting the BitcoinZ environment. But I think we are stuck with them.

The community is working hard to promote the coin and attract attention. Some of that attention is going to be from people who want to make a quick buck. In my opinion, that is OK because it gets the BitcoinZ name out there. Everyone who makes a few dollars will remember BitcoinZ, will monitor its performance, and will probably help drive the price upwards again in the future.

Nicehash miners will come and go as the price rises and falls. Those of us with a hodl strategy simply must hope that the long term price trend is positive and that those who sold during the recent price spike wish they had held onto their coins instead of selling for a quick profit.

Hi, Newb to mining, can someone explain how Nicehash is disrupting BTCZ? Thanks!

The biggest problem from a miners perspective is that NiceHash miners come in and apply huge amounts of hashing power to a coin that has a relatively small amount of hashing power in its network. This not only drives up difficulty, but it distorts results for everyone else. Here is an example of someone adding more than 10 MSol/s of hashing power on Miningspeeds pool for 30 minutes earlier this evening. Note that he more than doubled the hashing power of the entire network.

https://imgur.com/a/x5dql

I for one am guilty of this, we REALLLLLY need to lower the payout for block. I know a guy who own 1/4 of all the btcz coins, which is not good.

When someone owns 1/4 of all the coins, that is like a de facto premine and will function as a deterrent for regular (small time) gpu miners. Thanks for nothing NiceHash, thank you for destroying the coin for the rest of us.

This!

Quote from: cryptobert on November 09, 2017, 06:31:45 AM

Quote from: timlaitoi on November 09, 2017, 06:10:04 AM

Is it still profitable recent days, by which I mean for miners?

mining and hold for long term mate
btcz will hit 0.1 $

Well in your dreams maybe Cheesy

If it was as it meant to be from start sure 0,1 will be normal - if ppl accept coin. But now with this fast mining from small group of ppl hardly will go above 0,02. Maybe in start if coin get listed on big exchanges...