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Post by dchanev on Nov 16, 2017 5:01:11 GMT -6
Hello guys ! Another question from me xaxa  , i want to ask if somebody is familiar with the nicehash site. I've do some read and i understand that this website is for upgrading the hash speed when u are mining.. Is it true ? Can someone explain how to work with it ? |
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Post by Eylok on Nov 16, 2017 5:15:08 GMT -6
Hello,
There are two things:
- You can let your computer mine and some people will pay to use your hashing power on the pool they want.
- Or you can be on the other side and pay to use the hashing power of other user selling their hashing power.
I have tried it, I have sent some bitcoin to the wallet address NiceHash told me to.
Then I went in "For Buyers" - "Marketplace" and placed a fix order.
Fix order will be more expensive but should keep the same speed through the duration of your order.
While with normal order, your speed adjust according to the market price of BTC/Hashinpower.
I had tried the normal one but it became slow fast and Nicehash was emailing that my order run slow, many times. So I cancelled the order and took a fixed one.
They say cancelling is free but i feel like creating an order take some fees because after trying many orders (5, i had problem to make it work, it worked well for me on minekitten.io), I had less BTC left.
Good luck!
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Post by mrnewguy on Nov 16, 2017 5:40:05 GMT -6
Hello guys ! Another question from me xaxa , i want to ask if somebody is familiar with the nicehash site. I've do some read and i understand that this website is for upgrading the hash speed when u are mining.. Is it true ? Can someone explain how to work with it ? i tried nicehash and miend some Electroneum..i'm not sure that is worth it, maybe i could get more ETN just from buying the coins. You might just try and see for yourself you just deposit bitcoins, and place an order in the nicehash marketpalce, entering the pool data as if you were setting up a miner on your computer and people will mine for you |
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Post by Eylok on Nov 16, 2017 6:37:11 GMT -6
I quickly checked, according to the current BTC/MHs price, BTC/EUR price, ETN/EUR price, It would be 5% benefit. I can't say my calculation is bulletproof plus you have to add the fees of nicehash which are not displayed (I'm pretty sure they took me some money because after cancelling 5 orders i had 10% less money). | Coin | Hashpower (m/h) | Duration (h)
| Coin/day at that speed
| Total coin | Coin value(eur) | Total eur | order price (btc) | btc price (eur) | order price (eur) | Profit | % | | ETN | 0.02 | 35
| 1592
| 2322
| €0.03
| €67.33
| 0.01
| €6,400.00
| €64.00
| €3.33
| 5%
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Other loss of money, i have 5 euros blocked there because its not enough to start a new order. 5 euros means a lot to me |
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Post by mrnewguy on Nov 16, 2017 7:34:16 GMT -6
yeah, the wallet withdraw/minimal orders lets nicehash be a tool for "rich" people only. if you invest 1000 or more €€then you can earn some money. if you are a small time investor, nicehahs is not for you
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, i want to ask if somebody is familiar with the nicehash site. I've do some read and i understand that this website is for upgrading the hash speed when u are mining.. Is it true ? Can someone explain how to work with it ?
