What we dont understand is NiceHashs business model and how it would survive at such a low cost.
https://www.nicehash.com/support/general-help/nicehash-service/feesI think that they make a lot of money.
Our project has been suffering from NiceHash almost since the beginning.
I wouldn't say so, I think that NiceHash is part of a fair market. Can we also say that new projects suffer because of mining farms with low electricity costs in China? Once a project gains enough traction, then the cost to use nicehash should balance out with the exchange price of the coin. Otherwise, people would stop selling hashpower to nicehash and instead mine the coin.
A community member calculated that it was 10X more expensive to mine KVA using RX 580.
What's the math behind this? I doubt that the electricity costs can come out to be anywhere near the price of renting hash power.