Crowd Funded Miner Rig Report 06.01.2018 - About Mining On NiceHash

in #cfminer7 years ago (edited)

Hi guys,

Currently I'm still testing Awesome Miner and the things I don't like about it :D

  • auto-exchange function doesn't work when some exchange closes wallet for maintenance - this happened with the zclassic wallet and over $4 are stuck
  • sometimes AM mines coin that is very profitable for a short moment - and continues to mine it even when the price already significantly dropped. This can be tweaked with faster coin switch but you may end up with bunch of different coins in small amounts

Those two things made me test NiceHash again. The things I like about NiceHash:

  • everyone can check profitability online under this link (so its nice and transparent for investors, I just started mining so the profitability on the website is still balancing)
  • it seems to give better payouts (like +15% but needs more testing)
  • most important - you got your payout added to the balance instantly - you don't have to wait for auto-exchange to be completed, which eliminates the risk of getting lower payout because the coin price changed

But there is one major drawback: currently the payouts are done only in BTC (they are working on adding alts).
This means that currently @cfminer would have to mine for about 12 days before payout is possible (minimal withdrawal is 0.01 BTC). So payouts every 12 days. If I would make verified coinbase account, it should be more often though (nicehash is using coinbase as their BTC wallet).

What do you guys thing? I would like to mine on NiceHash for a day or two now - to see the real profitability, hopefully the ZClassic wallet problem will be eliminated by then.

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I have no problem with delayed payout. From my side, feel free to test different approaches as you wish.

Thanks for your time invested in a research.

I invested for long term.. I have no problem with delayed payouts but I don't like having to use BTC and pay their crazy fees

I like nicehash.. my profitability has been roughly $4.50 per day using an i7 and gtx 1070. It is delayed but I don't need daily payouts if it means more $$ 😁

If you make a coinbase account with another users link you get $10 for both people from referral if $100 moves.

https://www.coinbase.com/join/5373faa8bde18a1826000049

My link. :)

But you have to thoroughly identify yourself to move in or outta USD.
That probably wouldnt be a big problem for what your doing.

Already had unverified account before :) Do I need to verify to trade BTC <-> LTC?

I dont think that you do, but my account was verified before they added all that new stuff.

No worries if have to wait a few days

I prioritize higher payouts over immediate payouts. So whichever method results in higher returns.