Quote from: camsarria on August 14, 2014, 11:33:54 PM

This system needs some regulation so that everyone is happy and everyone gets their share of profit.

camsarria, thanks for your thoughts, user's feedback is always appreciated. However, to be clear, we will never ever regulate prices on Nice/WestHash. Regulation always makes someone unhappy and is thus unacceptable for us. Also, NiceHash is all about crypto currencies and Bitcoins ... and well, we believe Bitcoin is all about free market, free will and free decisions. We made Nice/WestHash systems flexible for both providers and buyers (API, price parameter, see FAQ). We will try to continuously improve our system, making it attractive and profitable for both buyers and providers - but we have no plans in regulate/manipulate/affect our hash power prices what so ever - we want Nice/WestHash system to stay open and hopefully still profitable for everyone.

Quote from: MeteoImpact on August 15, 2014, 05:45:25 AM

As a side note, I personally also liked WestHash operating as an entirely separate market from NiceHash for the same reason: there would often be discrepancies between the two sites which created opportunity for profit.

Again, because of the nature of our system this can not be done. If a miner is, for example, from Russia, he can't just choose between Nice or WestHash - he has to use NiceHash because by using WestHash he would have to much rejects and produce stale shares for buyers on WestHash - and to make system fair for everyone using Nice or West, we have to keep providers prices the same on both systems - making a fair system for all users regardless of their location.

So, fingers crossed for the altcoins market to stay dynamic and healthy - this will ensure good profits for all of us - providers, buyers and ourselves.

Thanks for using NiceHash & WestHash!