...
Nicehash is mostly legitimate (not strictly a hashing contract but a rental of hashpower), and once you run the numbers it works out that you will pay very close to your expected return.
Their advertising directly implies that you will pay well above your expected return ...Nicehash is mostly legitimate (not strictly a hashing contract but a rental of hashpower), and once you run the numbers it works out that you will pay very close to your expected return.
Of course that's also not true, but they say it to attract ignorant miners to put their miners on there.
One catch with nicehash is that you have no idea about the miners being used at all ... and ...
https://bitcointalk.org/index.php?topic=1002086.0
After our shocking run of bad luck in October, where half the pool hash rate was from nicehash during that bad luck,
whenever I see a nicehash IP address/subnet I ban it forever on all servers
why is nicehash bad luck for us ?
Um ... as I said above
Quote
After our shocking run of bad luck in October, where half the pool hash rate was from nicehash during that bad luck,
whenever I see a nicehash IP address/subnet I ban it forever on all servers
whenever I see a nicehash IP address/subnet I ban it forever on all servers
I also did a software upgrade to KDB to do full share hashing/checking and difficulty comparison with the value from the ckpool software and reran it on a test server, on over 3 months of data from before the bad luck to after it.
https://bitcointalk.org/index.php?topic=789369.msg24423914#msg24423914
This found no problems with the shares submitted ...
So either the end of October was simply just bad luck ... or there's something wrong with nicehash.
Either way, nicehash is a bad idea to rent from since you have an expected loss.
If you're the gambling addicted type
... there's a few pools that suit that due to bizarre payout schemes that are luck based, or solo, which is even more risky with anything under about 20-30PH now