Post
Topic
Board Service Announcements
Re: [ANN] NiceHash.com - innovative professional cryptocurrency cloud mining service
by
camsarria
on 14/08/2014, 23:33:54 UTC
I used nicehash for the last 2 months selling my hash power, and the reason for that is because it was more profitable then other multipools, and last 2 weeks that changed.

I see Buyers paying less and less and sellers receiving accordingly.

What happens is, mining here is becoming less profitable then mining in a multipool.

If i win the same here then on a multipool i will rather use the multipool, as i refuse to recieve sqwat so a buyer can mine with my hash power and get more profit.

Eventually sellers will realize this, remove their selling power untill its no longer profitable for buyers to pay nicehash to get decent hash power, and this will cause a serious issue to your service.

To sellers, its not my job to tell you what you do, as im nothing more then a speck of dust in the comunity (my first post btw)  but i personally think that if we are going in a way where we are turned from happy providers to exploited providers so others profit at our expenses i for once will post my dismay here and will configure my nicehash settings so my miner only works here if Buyers pay more then 0.60, otherwize my miner will mine on a multipool, i strongly urge others to do the same action and send a clear statement to Buyers and Nicehash that Sellers are the base of this business - no sellers - no hash - no buyers . no nicehash, and we should be payed better then this. 

To Buyers, heck i got nothing against buyers, you only try to get as maximum profit as possible , greed is understandable, and you are a crucial part of the system but bear in mind that buyers make orders that are served by sellers, if you pay sellers decently you actually get more sellers on and more hash power for you, and more profit - suffocate the sellers, and they will leave, you pay less but you actually get less hash and profit less.

To NiceHash, Maybe you should set a specific limit where the price can be dropped? its your site, your business but understand that extremelly cheap orders will drive away miners, you will get less miners being payed, charge less fee's in their wage and profit less yourselves. This system needs some regulation so that everyone is happy and everyone gets their share of profit.

So this is my 2 cents on this matter, a little common sense can make this system great.

My apologies for eventual typos, english is not my prime language.

Best Regards to nicehash and everyone that is part of the comunity

Camsarria