i switched about 90% of my hashpower yesterday from ETH to CryptonightV7 (via Nicehash) since it's so profitable.
reasons for using nicehash instead of monero directly.
1. simplicity is valuable to me, no need to manually trade
2. I try to only deal in coins supported by coinbase/GDAX. Since I'm US based, they're really the only exchange i trust.
3. NH pays me in BTC, which I trade straight to ETH for HODLing.
4. NH is still paying significantly more than mining ETH straight
5* (Bonus for everyone on cryptonightV7) Power use is about 30% lower than ETH! lower electric cost and lower heat all around
you can certainly make more mining Monero straight if you dont mind trading on second tier exchanges (IMO), and the little bit of extra work. Personally I'm more interested in the long term prospects of ETH so that's what im focused on holding and putting my efforts towards.
So you are supporting ETH - the coin that is going to leave gpu miners alone with asics and pos centralization. Rich become more rich ))
theres literally no proof any ETH ASIC even exists.
the E3 is a GPU based system IMO. the hash/watt ratio is clear as day that its GPU based and not a true ASIC. people are worried about nothing. if the devs fork, it will likely not have much impact as i bet the E3's can be updated to support it just as any other GPU system can.
ETH devs do not support ASICs, they are just calling Bitmains bluff.
IMO, bitmain wants a fork to happen, because it wouldn't affect the E3 and they know a second fork would not be acceptable to the community. so they want to fool the devs to forking, so they can develop a TRUE ASIC for the fork.
chess, not checkers
yeah. there was really no literal proof of xmr asic as well before. guess what? now its literally real.
you think e3 is the real one? no, they are mining the real one. are you guys not wodering eth diff is still not droping hence the eth price?
and lots of noobs amd miners mining at nh, surely, their rigs are pointing at cn7 now. but hey, eth diff is still not improving.
and i dont get your logic using nicehash to get eth. still you have the hassle trading. why not xmr > eth directly? because i agree with the other guy, nh is a cancer to mining community. typical coin dumpers.