NiceHash offers 6% better payouts compared to traditional Bitcoin mining

NiceHash's payout is 6% higher than what you'd get from mining Bitcoin through the usual pools. Here’s why: 1️⃣ NiceHash functions as a marketplace for hashpower. Buyers place orders for hash rate and can change these orders by adjusting the price, speed, or even canceling them altogether. 2️⃣ Buyers on NiceHash are into solo mining. NiceHash makes it super easy for people who know little about Bitcoin to join in on mining and possibly confirm transactions by purchasing hash rate. It’s really user-friendly, just a few clicks and you're set. For example, spending $200 to buy a SHA256 hash rate package currently gives a user a 1 in 608 chance of confirming a block and raking in a whole Bitcoin reward. 3️⃣ Higher payouts for Bitcoin ASIC miners. Hashrate buyers are willing to pay more, which pushes up the average payouts for miners selling their hash power. Here’s how much extra Bitcoin you could earn if you mined through NiceHash: ❇ 5.59% more over the last week ❇ 4.31% more in the last 30 days ❇ 6.33% more since September Check it out for more info: https://www.nicehash.com/earn-more-with-nicehash

žívijo @Nicehash   I appreciate the opportunity to talk with you directly. I have rented a lot of hashrate from you. I am globaly satisfied of the hashrate marketplace, I am a little disappointed about Nicehash actualy. Doesn't your Easymining program only serve to artificially inflate the price of rented Eh/s? The hashrate used by Easymining is always rented well above the average price on your site. This increases the auction price no ? I mean if you rent hashrate to newbies, I agree that you need to take a fee, but to guarantee your Easyminers to have a constant hashrate, you place orders with super expensive price per Eh/s. Other thing, I bought some Easymining packs to discover what you are proposing. In my previous position I had to analyse the hashrate rental's market. I bought a lot of Easymining because of this.  The screen showing your luck, is wrong. Almost every time the screen will show you "you submitted a share of x T difficulty, that's not possible. I wish you a good day

Živjo! The graphs that show the luck percentage are not necessary accepted shares. They are solutions that were on a way of being a correct solution. For example, 50% luck means that you "solved" 50% of the job. If the solution to the job equals to 10 zeroes (0000000000), that means that you got 5 of those right (000005ha72). But the required difficulty might need 7 zeroes (00000007sa). That is how a simple way of explaining how the graph displaying percentages is calculated.

The last 3 fun runs on my pool, over the last week, we've paid lower than 101% PPS on all of them, 2 were below 100% That would make it hard to get 6% more than a pool, unless you assume pools are charging a 5% fee. No idea of any pool charging 5%, and if they are, no one would be mining there. Interesting Today at the current price of $23k per BTC, $200 would get you 0.00869565 BTC without paying any fees. 6.25 / 0.00869565 = 1 in 718.75 chance So I guess somehow they are paying lower than 100% PPS? That would also make it impossible for miners to get 6% more than any large PPS pool. Hmm, interesting.

6% is on the SHA256AsicBoost algorithm. Not all algorithms.

@willi9974 organizes mining in a fold by organizing mining lotto by renting power from NiceHash and then solo mining on the pool solo.ckpool.org and since 2015, we have managed to find 9 blocks, so it's better to do it together. https://bitcointalk.org/index.php?topic=5364375.0

I have made account on Nicehash a long time ago but before 1 year ago my account was banned because I have mined almost 0.1 BTC for free and they do not wamt to give it to the uses for free. And that's the thing that I just do not like about Nicehash. And I was very very tearful about this if they might have given such money and it might help me a lot. And that's why I have not gotten any mining power than is just Cloud.

We do not ban accounts without a valid reason. If you believe the reason your account was banned is not justifiable, please contact support@nicehash.com and we will help you re-activate your account.

Do you have the plan to support Canaan units? I mean newer Canaan units? Most of the newbies that I heard having issues trying to mine in Nicehash pool both non/ASICboost pool. Canaan units until now do not work in your pool based on what I heard from some users on other forum.

Thanks for letting us know. We were not aware of this and received no reports. As far as we were aware, the Avalon miners 11xx series worked ok. We will perform tests with the A13xx series. If someone is experiencing issues, feel free to let us know via our Discord channel where we can chat in realtime. https://discord.com/invite/nicehash

"The devil is in the detail", the title says "is paying" so they were probably referring to that exact time of when they posted the topic, otherwise, it makes no sense, they have also made such a claim long ago when they were paying some crazy high number like 7x or so, and they were not lying about it, it did last for a while and I personally made some good profit on those days. Whattomine.com keeps a good track of NH payments, the 3-day average for their Asicboost was 103%, and for non-ASICboost it was 163%, not sure why those folks pay that much to rent non-Asicboost, probably someone mining/attacking some small coin, but I have also witnessed many periods where Nicehash paid lower than 100% PPS, so it's a game of luck unless you are going to chase profitability, besides, you can't really connect to NH using a mining proxy (I have tried several before), so only small miners can actually use it.

If buyers are paying a premium, then whose going to buy these packages in the first place? It would be like buying very expensive lottery tickets except the prize is much lower, despite the probability being hundreds of thousands times more reasonable than winning the lottery. Will it pay off in the long run? Probably not. Because: That equates to a little more than 1 block per year (assuming average distribution of blocks).

Probably not, but I don't think it's a fair way to measure the success of these solo runs, it's safe to assume that most people will lose money gambling for a solo block, just like how most people lose money gambling in casinos or buying lottery tickets, it's only a fraction of those people end up making a huge amount of money compared to what they spend. In the part you quoted, it doesn't mean that everyone has been joining the solo runs since 2015, someone might have joined in 2020, paid 0.001 BTC, and ended up with 0.1 BTC and that's it, someone else might have paid a total of 5 BTC and received nothing, this is how gambling simply works. Now with respect to buying ordinary state/country lottery tickets, solo mining is more fun, you have the numbers to watch, unlike the ordinary lottery where the fun only lasts for a few minutes during the draw, also, it's a lot more transparent,  a president of some country can't magically win the lottery.

I do not know the reason behind This that why are you doing this because how can you loss on your machines if you give 6% profit. If you are doing than this is just a big fortune to do that. I think that people who have big Chunks of money will be fortunate.

I insist once again, but I am convinced that your Easy Mining service is going to be the thing which will kill you in the hashrate rental business in the long term. It is becoming more and more complicated to have a stable and continuous rental, the auction price is always pulled extremely high by these Easy Mining rentals, and I won't be surprised when someone opens a platform with a more fluid service. 1. Your customers who pay for Easy Mining packages pay an exorbitant price per Eh/s, it's borderline dishonest but let's move on. 2. The customers who rent hashrate take a back seat. You get paid a pretty high fee for the service, and it's very difficult not to be able to have a profitable PPS if you want a pretty continuous hashrate Your only chance at the moment, is that MRR is even more overpriced than you are. But we all know that abusing your monopoly can lead to disaster.

I started today my experience with NiceHash today. Is it still convenient?

@nicehash A small question. I organize some years nicehash rentals and got a reward from 10 Blocks up to now. So we spend a lot in your service, do you think we can get a onetime bonus or a fix discount for rentals? I spend  ~ 14-15 Bitcoins in our rentals  And a small question, on the 256asicboost marketplace we have a higher min. Rental of hashpower, is that possible to reduce it to the same level as before or the nonasicboost marketplace? Best regards, Willi

Just in case you're still wondering about this, maybe you can clarify your question. Convenient in what sense? Easy to start? You also need to keep in mind that this thread is more or less their announcement thread, if you want to get a detailed review you can try to find other threads or make a new one. Most people will probably say that cloud mining by buying hash rate (if that's what you're trying to do) is not worth it though.

no service for UK users? not good!

Nicehash has always been a good platform and according to whattomine.com nicehash has usually been the most profitable choice for GPU miners. I don't have much experience with ASICs and can't talk about them. I always had this question that still digs my mind, why do people pay premium and rent hashrate from nicehash? It's more profitable to mine via Nicehash compared to mining individual coins, like Ethereum, Doge, Etica and others. As I know [erson rents hashrate from nicehash to start mining of other coins and if mining of other coins isn't isn't as profitable as mining through nicehash, then why do they do that? I don't want to make my question complicated but if someone didn't understand, long story short, how is that mining via nicehash is more profitable than mining altcoins?