Re: [ANN] NiceHash.com - innovative professional cryptocurrency cloud mining service
Miners could actually profit off protocols, now you're gathering them all up and executing them.
Who is forcing the miners to gather and be executed? If you can profit elsewhere that's what you should do. Let me guess - you like the convenience of NiceHash but would also like the prices to be higher.
The prices would be higher if there weren't bots pushing actual buyers out of the market so a couple people can profit from artificially lower prices. THATS NOT A NORMAL MARKET! And no, I have miners, but they don't mine on NH as it's a graveyard for miners as I already mentioned. I spent the weekend buying x15 mining power and aiming it at Halcyon. I'm still going to point out how the system is being exploited and what's happening regardless. I don't run a bot.
Maybe he doesn't wanna do that cause he is the one running the bots? Hehe I have no proof...just saying it thou
Actually considered that... But the way NH is setup... You actually have no idea how the prices are computed between Westhash, NH, and the orders... There is a lot of room for fudging the numbers and the hashing power. It's entirely possible for NH to be skimming a good chunk off the top and no one would know as it's obfuscated. If they were manipulating things, it wouldn't be in the orders window.
Man up and stop crying! 
I hope you complain to coin exchanges and stock markets the same way.
I hope you complain to coin exchanges and stock markets the same way.Grow up dude and learn how to do critical thinking.
Btw I don't get why everybody is crying here because of low hashing power prices...these prices are directly linked to coin mining profitability. And check the coin profitability charts now. THIS is the reason of crappy prices. The sinking altcoin market full of scams and pump'n'dump projects.
I am a miner and I had to shutdown 14 AMD cards last month because of this. But I don't blame NH.
Litecoin mining profitability is atm 0.38409727 BTC / GH / day, Nicehash is currently paying 0.3922 BTC/GH/Day for scrypt to its miners. Highest running order is 0.42. Why would anyone pay more than that and lose money?
Also miners are not forced to mine on NH, they can setup the minimum price a mine elsewhere in times where they are not satisfied with current price. This is self-regulating environment.
Also arbitrage bots can drive the price higher in case the average price on NH drops considerably below coin mining profitability. But this is not the case here.
I think prices on nicehash are completely realistic and in order with current shitcoin market situation.
I am a miner and I had to shutdown 14 AMD cards last month because of this. But I don't blame NH.
Litecoin mining profitability is atm 0.38409727 BTC / GH / day, Nicehash is currently paying 0.3922 BTC/GH/Day for scrypt to its miners. Highest running order is 0.42. Why would anyone pay more than that and lose money?
Also miners are not forced to mine on NH, they can setup the minimum price a mine elsewhere in times where they are not satisfied with current price. This is self-regulating environment.
Also arbitrage bots can drive the price higher in case the average price on NH drops considerably below coin mining profitability. But this is not the case here.
I think prices on nicehash are completely realistic and in order with current shitcoin market situation.
That's not entirely true. The market is driven by demand. If people don't make a demand because every time they do, they're shut out of the market by a automated system (bots), the price will drop to absolutely nothing, as did this last weekend.
I actually see NH as a good thing in a way as it will force a lot of miners to shut down as they'll soak themselves in ice water that is NH getting a trickle income of BTC and then slit their wrists on their power bill (even though there are other profitable options out there).
However we don't need bots completely destroying what's left of the market.