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Board Service Announcements
Re: [ANN] NiceHash.com - innovative professional cryptocurrency cloud mining service
by
phzi
on 17/04/2014, 03:17:39 UTC
The reject rate on this is horrible. Getting almost a 20% reject using cudaminer 750 ti.
I have been averaging around 5% rejects from western Canada, which is perfectly acceptable for a pool located in the EU (no geo-located stratum endpoints here yet, but apparently coming soon).

please help me understand if i have these calculations right.

if i were to buy hashpower of 0.1 (that's 100mh/s correct?) and spend 5btc at a price of 5btc/day

i would get 100mh/s for 24 hours, is that correct?
.1GH would be 100MH, correct.  If you ordered 5BTC of hashing at .1GH, at a rate of 5BTC/GH/Day, you would get 10 days of 100MH.

also, i would essentially be bidding against other people that are purchasing hash power right? so the higher the price i list, the most likely my offer will get picked up? it looks like there is a wide range of bids, would a bid of say 2.5 btc/day get picked up? it's hard to tell it looks like every bid is being picked up right now.
Yes, you are in a bidding competition for hashing power.  The higher you bid, the higher priority your job has.  Keep in mind, however, that miners can set minimum payout rates.  For example, I have p=5 set, so if there is no work paying >5BTC/GH/day, my miners failover to another pool and won't work on lower paying jobs.  Furthermore, there have been rare few cases where the active jobs have been < 5BTC/GH/day since the pool started, so the chances of a 2.5BTC/GH/Day job getting completely quickly are very slim.

kenshirothefist, can you explain how the hashing power is distributed from the seller's perspective, especially now that there are limits on the GH per job?
I certainly hope it's an averaging scheme, where all workers are getting paid for their portion of work completed irrelevant of what task it was on... although that might complicate matters regarding minimum profitability settings.

If this isn't how it works, then I am going to setup a string of NiceHash failover pools with gradually decreasing minimum profitability, so that I'm always mining the highest paying job =p.

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Can you please add date/time added (or maybe "Time Waiting") to the current orders table?