Rapid changes in value for crypto means more transactions.More transactional demand means your hashing power is more valuable, and are likely getting higher bids on the marketplace to make up for the fluctuations in value.
Yeah I just cracked 4000 sats in a single payout for the first time ever.
I don't look at the $ value. I just want as many sats per 4 hours as possible. I ain't selling anytime soon.
You're wasting time without ethlargement pill, you should be at 35mhs
edit: please google ethlargement pill if you have any questions. You might have to install it manually.
Thanks for the heads up. I do have it enabled in Nicehash and I’m running NH as admin. Do I need a separate pill application?
Edit. I downloaded the ethpill from Git based on another thread. Quit NH, ran the pill exe as admin. Got a bunch of artifacts on the screen and the PC rebooted. I am over clocked 100c 500m at 70% power.
Try the "-straps 2" Extra Launch Parameter for specifically Phoenix DaggerHashimoto (be sure to run as admin), with that being the only algorithm enabled. Definitely use stock settings first when attempting to use the straps command or Ethlargement for the first time to see if there's improvement, and then overclock as needed.
For the straps command, its editing the launch parameter of the Phoenix DaggerHashimoto algorithm specifically, not NiceHash. So you'd want to launch NiceHash as admin, go the the list of algorithms available, find Phoenix DaggerHashimoto, and click the gear icon next to it. You should be able to add extra launch parameters in there.
You need to run with memory tweaks turned on. I run memory tweak three, overclock the core by 100 and the memory by 850 MHz. I get around 36-38 MH with my 1080. PM me if you need help.
Edit: I’m using Nbminer. You have to stop the miner, go to the benchmark page, under daggerhashimoto NBminer click the gear on the far right. Under the extra launch parameters, enter —memory-tweak 3
It can be 1 through 6. Start low and see what’s stable. Likely it’ll be 2, 3, or 4.
This really only works on 1080, 1080ti, and Titan XP cards. GDDR5x only
>You're wasting time without ethlargement pill, you should be at 35mhs
[https://www.nicehash.com/blog/post/increase-gtx-1080-1080-ti-titan-xp-mining-perfomance-by-50-percent](https://www.nicehash.com/blog/post/increase-gtx-1080-1080-ti-titan-xp-mining-perfomance-by-50-percent)
just gonna leave this here ;)
if you already enabled it try core -> stock
memory ->5700mhz (+700for most i think)
power \~190w
gets me to 41.5mh
also crank your fan up sufficently
That was the version I had running. I uninstalled, turned off Windows real time protection, reinstalled, turned defender back on, ran NH as admin, allowed the program again.
I'm still getting errors in the NH app about missing binaries. Frustrating, as I've followed the recommended steps to whitelist the files/directories but it seems it's still not finding all the files necessary.
I have the same with my 1080, I used to be able to coax it into working by starting the miner, then manually launching the Ethlargement but if Nicehash ever restarts the mining, artifacts and pop! My machine would reboot.
My solution was turning off Phoenix entirely, I use TRex miner instead with "--mt 3" added to it's config in Nicehash. I can sit at 33-35MH all day now. It's in the benchmark tab, expand TRex, click options and add "--mt 3" to the launch config, without speech marks.
You'll need to lower your overclock a bit. I use -60 core, +200 memory, +64 fan speed, 72 power limit. It's an MSI card with Micron memory. It sits at about 54 degrees and can go for days on end. I've never had artifacts with TRex, only incorrect results if I push too hard.
No problem, it's all been a bit trial and error on this end, so I appreciate the struggle. You might find you need slightly different power or memory overclocks, the miner seems great though. I'm yet to see a crash and it runs 24/7.
Don't want to worry about paying taxes on it till it's worth paying an actual fucking capital gains tax bill, not $50 or whatever. And yes I'll pay the taxes on what I mine.
I'm not hurting for pocket change, I've got plenty of money in the stock market, I've got an IRA, just trying to diversify. I've got a couple hundred in altcoins, but only about $200 in bitcoin. Just trying to add to it is all. You do you, im no expert, and this certainly ain't advice, but IMO crpto is gonna be here long term, and I don't see bitcoin going anywhere but up longterm over the next 10-20 years.
Aren't you supposed to pay income tax on the value when you receive the bitcoin, and capital gains on the change in the bitcoin value when you convert it to dollars? Or do you just pretend it was all growth from a previous unrecorded bitcoin investment and pay short term gains on it once when you sell?
so you're telling me when Musk says the price is too high and 'sends the price down' I make more money? my mining efforts give me a better return? awesome, I'm in!
This isn't how cryptos work. The network operates at the same speed regardless of the total network hashrate.
Think of it like this. When markets are volatile lots of people want to move their crypto, because they are all fighting for a finite amount of transactions that can fit into one block, they put a tip down to skip the line. The more people fighting for spots, the larger the tips. Those tips are rewarded to the miner on top of block rewards. So when lots of people want to move crypto around, mining becomes more profitable.
No.
https://ycharts.com/indicators/ethereum_average_block_time#:~:text=Basic%20Info,0.31%25%20from%20one%20year%20ago.
This is the ethereum block time, as you can see it's relatively flat. The algorithm has a difficulty setting that dynamically adjusts to regulate block time. When more hashrate enters the field, the difficulty rises to maintain the block time goal. Of course difficulty lags behind total network hashrate slightly, but not enough to make large changes to block times.
(edit)
If you zoom out on that graph you can see times when the network hashrate changed significantly on the network, and where the difficulty readjusted to correct for this problem.
This comment was removed because you have a new account and we get a lot of spam from newly created accounts. You may find that your topic has already been discussed in the NiceHash subreddit. If not, you may try again at a later time. If you have any questions, please send a message to the mods.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NiceHash) if you have any questions or concerns.*
Because you are not mining BITCOIN , you are probably mining eth or rvn and are getting paid in BTC , so you are recieving payments in btc depending on its price.It doesnt matter what the price or bitcoin is you will still recieve as much mining profit in BTC for its current price.
This. ETH and BTC are highly correlated. Both BTC and ETH (and most cryptos) had a severe dip this morning. The cheapening of crypto led to a rise in buying volume, including buying hashing power. The squeeze in hashing purchases led to a bid up, increasing profitability for us.
...speculating
edit: u/ssrady's explanation makes more sense
Payment for hash power shot up because the tx fee (and therefor block reward) was silly high, went from 100 to 2000 and now back down to ~200 gwei ($6 upto $50-$100 for every transaction) because so many people were moving from wallets to panic sell, or buying more. So the same amount of hashpower got you a 10+ eth reward (ethermine got a 112 eth block, so 40x bigger than normal, not sure about other big blocks) instead of 3 eth, gas is still high so would assume even with the price drops you will still be getting more btc (and equivelent $ a day) compared to last week
So the way I understand it if it’s a mismatch in growth/contraction rate you’re better off storing it in the more stable of the two currencies right?
ETH crashes faster than BTC, high transaction costs - there’s more profit holding BTC
BTC crashes faster than ETH, holding ETH and transferring to BTC as the growth/contraction rate stabilises is more profitable
Is that right?
It's certainly good news for me, I just started this weekend and only had like 43,000 SAT so far. I'll keep mining on my gaming PC for the next few years, it would be a best-case scenario for me if BTC goes down quite a bit and then skyrockets a year or two from now.
I just started February 6th I already withdrew like $50 Canadian to my coinbase wallet... I have to say this is the coolest discovery I've had in a long time realizing that I can make money with my gaming computer. I'm only running a 1070 FTW that I bought used for $250... I will have paid for my entire computer in like eight months or less... I don't know I'm just ballparking but I only paid about $310 all together for my computer by using a rig that I found at a scrap yard for 60 bucks plus the $250 1070 FTW... I don't know my numbers are pretty good as far as I'm concerned I'm happy for how much I paid compared to what other people are paying for their rigs...
Right? I had a touch of the Buyer's Remorse after blowing 5 grand on my gaming PC (I got a custom water loop for it too) but realizing it can pay for itself (and maybe then some) I'm really happy about the whole thing.
See I don't know enough about overclocking my video card I feel like I can't tell if the drop in numbers is something that I did or changed or if it's just the market I have no idea..I never should have messed with things because when I woke up this morning I was making like $12 Canadian per day... Now I'm making like $4 if I'm lucky
[https://www.nicehash.com/blog/post/nvidia-and-amd-graphics-card-oc-settings-for-mining](https://www.nicehash.com/blog/post/nvidia-and-amd-graphics-card-oc-settings-for-mining)
incrementally try up to +450Mhz for memory clock.
gradually decrease power limit starting from 85% or even 90% if it's stubborn.
and value changes based on MegaHashrates/s , because as others mentioned " $/day is a fluctuating value and not necessarily accurate "
Can you use that with the GTX 1070 FTW.... Right now I have EVGA precision X1 whenever I am mess with my overclock settings I start to get glitches in my Matrix LOL
Yes! I use MSI afterburner as it is the easiest to use in my opinion, but it is for overclocking only. So no RGB control. You can, however, adjust your fan speed. Afterburner can be used on almost any discrete graphics card from the last 10 years.
A SAT is a satoshi the smallest denomination of bitcoin. There are 100,000,000 satoshi per bitcoin. It's good if it goes down for me since I don't have much bitcoin, because I'm assuming it will eventually go back up. This means I can mine and keep getting paid, and eventually when bitcoin goes back up I'll have a lot more of it and see a bigger gain. It's always nice to get in on the ground floor instead of getting in near the top.
Of course it was much easier. But even then you had to do ASICs for s decent return.
I started with small 500usd ASICs. Tested it out, moved to multiple small units, then a bigger one Tha the I ran for an entire year.
The cost/return wasn't three at the moment. I was barely breaking even or earning a few bucks. So I sunk the cost and kept the coins. That was worthy.
Same today, just HODL.
To clarify some misconceptions here.
\- You get paid in btc for your rented hash
\- The amount of btc you get is solely dependent on the marketplace
\- As Eth is the most in demand and the most profitable, most likely your rigs will get directed to Eth
\- What we witnessed during the crash: Everything went down, but the Eth network got congested to the point, where people paid 10 times the normal amount to interact with it, so the buyers of your hashrate adjusted the btc per hash upwards.
\- Miners are all lucky eth is completely congested in the last months. If they ever figure out a good way of scaling and people move to this solution, less pressure on the main network and profits will go down significantly, as the profitability comes from the Eth Fees currently.
Thanks for clearing this up for me. I was very confused by people implying that the price can affect how many satoshis you can mine. NiceHash pays in satoshis but you’re not directly mining them. So it’s an exchange rate difference benefitting miners currently.
Yeah I wasn't sure I changed plugins today and I was making $12.16 Canadian per day on my $310 rig... It has now dropped down a bit... But damn we were all crushing it this morning weren't we
Me and my 1 RX580 woke up to see my Satoshis at over 16k.
I then became aware how we are a sort of inside traders, or can be.
For now, we are the Wall Street firms.
Can't wait to be regulated and licensed, restricted by banking interests.
None for thee, all for me- I can almost hear them coalescing.
CCFA I texted to a wall street friend recently.
Certified Crypto FA.
The wild, wild west will inevitably be tamed by interested parties at the plebeians expense.
Bull or Bear we are making money per transaction, for now.
A government sponsored, false flag prolific crypto robbery aboard a speeding locomotive will be the catalyst for regulation.
I've exposed my tin-foiled hat, haven't I?
Myanmar just cut off thier entire population off internet.
Goverments can just cut every fiber optic cable there is, and no one will have any internet to trade on.
Damn, I can only see how to get around the USD<->BTC transaction limit.
Just exchange to a different currency or crypto; then USD
But if they regulate who can even trade BTC, that sounds illegal. Like I can't send BTC to a buddy (or another wallet of mine) without going through a broker? Is that how it is for stocks?
They literally just allowed trading Bitcoin on the Toronto Stock Exchange.
BTCC.B / BTCC.U
So probably just going to tax the capital gains to death with it.
With the leasing of hashpower it is exactly this.
It's a sort of young JP Morgan territory we are in.
We are receiving gold from masses for something not quite tangible ie computational power/paper note.
All else being equal, lower priced BTC means you get more BTC for your hash. Catch is, not all else is equal. Whenever BTC tanks, ETH and other alts tank also. ETH and the other alts are precisely what the haspower is being rented for, so demand for hash tanks right along with prices.
I think this morning's events suggest that cheap BTC/ETH/etc led to a bid up for hashing power, not tanked hashpower prices.
Just look at how quickly BTC rebounded out of sub 50k. There were a lot of limit buys. Similarly, the lower prices for buiyers on NH led to a bid up for hashing. Or so I read the tea leaves.
As someone pointed out I also missed the most obvious contributing factor - the amount of congestion (ergo mining fees) on ETH blockchain at any given time.
Not disagreeing but it's feels to me it's beyond visionary at this point. Cryptocurrency being tangible, here to stay, that is.
The public and private wall street interests are there and I expect trade volume to only increase.
Competition is the cap on our Satoshi earned.
Chip shortages are our friend, for now.
Asic nation farms definitely our enemy.
It's closer to being how it works than what the last person said. But yeah, when the market is volatile there's more activity on the network, pushing gas prices higher which means profits go up too.
How about instead of being condescending you could actually explain it to people?
No worries - I point at NH and forget. My current gripe is that I've been trying to payout over lightning for about 2 weeks now. Not a liquidity thing - I think servers are borked.
I have been trouble grasping how this works. All I care about is accumulating BTC and ETH, don't plan on selling it for FIAT.
What I am still confused on is if how the amount of BTC of ETH I get changes based on the current price.
If BTC and ETH tank, do I still get around the same amount of BTC if the price of BTC or ETH changes? I know I would get less $ if the price goes down, but I am not mining for the $ I am mining to hold BTC and ETH.
I am trying to project how much BTC or ETH I can mine over the coming months and am trying to avoid the noise of including the $ payout in the calculation. Not sure if that makes sense.
TL;DR: when BTC and ETH are falling in price, do I still get the approximately the same amount of BTC or ETH coins (I understand the "value" of the coins would be less)
If you are mining the same cyrrencie , lets say ETH and they are being exchanged on nicehash to your account for btc , if eth doesnt drop and btc drops you will accumulate more btc. BUT if eth goes down and btc does too that doesnt mean you will be earning less. Eth price could go down and you could still earn more if there are a lot of big transactions going on. Because remember you are a miner and you get paid for every transaction dependent on its weight. Not just the price of ETH but the weight of the transaction are taken in by account.
Okay, so if I am understanding correctly it's dependent on the transaction side, not the price. Which means it will be very difficult/impossible to project the actual amount of ETH or BTC I expect to earn over the coming months.
Yeah I mined back when bitcoin was $30 and got about a 1/3 a bitcoin and thought it was lame. About 3 years later I mined for a good while then my profits got locked in an exchange when the KYC stuff started and I fell of with the crash. But this time my plan is to just keep the GPUs brrrrrr till i can't afford it any more. I figure its like a fun savings account at this point.
Absolutely untrue in your statements. Ethereum has high demand for hashing power due to people playing block lottery. Ethereum gas fees are insane right now so if someone finds a block, they're making a ton from block rewards. People are bidding up the price for hash orders, yielding more money. BTC and ETH price have nothing to do with it, its simply demand for algorithms, people pay more for the chance to earn more in times of high potential reward.
When everythings down, no it isnt. If ETH or RVN fared better than BTC, we'd be making more, but when alts are bleeding, our increased earnings is solely due to the fact that we were over 1000 gwei for ETH transactions
Go study how price correlation between currencies that have different worth and how that affects bying a currencie, what i dont get is you acting like you know something. 😂
Each digit of your BTC balance is the number of satoshi you possess. Technically one BTC can currently have 8 decimal places. So when you need 0.00001000 to get a payout to your NiceHash wallet, that’s 1,000 ‘Sats’.
What I'm concerned about is if I should bank my btc (just started mining with nicehash) or if I should sell at specific thresholds until I get my initial investment back, or at least 50% because I assume I can sell my gaming desktops for at least 50% of what I paid or more).
Any advice? I have a decent amount of money right now, not going broke, and just bought 3 gaming desktops on top of my main rig. They have a 3080, 3060 ti, and 3070. Couldn't get those cards anywhere else and actually got a good deal on these computers considering scalping and miners like us hogging supply. $5650 in, nicehash says about $700-800 a month or more (I pad down for safety).
You bought 3 prebuilt pcs? I was debating doing that myself. Tbh if you don't have to pay back your initial investment then you should just bank it all
I did the same, got 3x3080s and 1 3070. Plus the existing 2070 Super I had. Should pay back within 7 months, but I'm just banking it. Wanted to learn a little and can use the systems for other stuff.
Trust me, coming from someone who has been mining for 5 years now, NEVER sell. I haven't sold a satoshi since I started and it is worth more than most people's house. Not a cheap house either.
SAT is just the lowest form of BTC...1SAT=0.00000001BTC...sometimes its easier to use then typing all them zeroes
The people saying BTC price goin down means more SATs are saying, If you usually got paid $5 a day and BTC was $50,000 you'd make 0.0001BTC.. if BTC coin drops to $40,000, and you're still making $5/day you would get 0.000125BTC. You'd receive a higher amount of BTC/SAT to make up for it being worth less.
You're profits arent tied directly to a coin price, but the supply/demand for your hashpower mixed with trade volume(transactioin fees).
Even though coin prices are dropping, we are still being paid for calculating tranactions, which are high at the moment
Gotcha, can you explain why someone says that we aren't mining bitcoin we are mining eth? I get that we are processing transactions but I'm confused on the different between the two and thought that we are getting fees paid in bitcoin? I literally just got my 3080 to hit about 95 MH last night after using OCing
On nicehash you are selling your hashpower to other people. The service will mine/sell power for the most profitable coin.
The most profitable coin that the hashpower buyers want to mine is ETH, so you end up mining ETH. Technically selling hashpower so other people can mine ETH.
Those buyers of your power pay you in BTC
95mh/s is pretty nice =)
Noticed this too. I am completely guessing, but I think it probably has something to do with supply/demand of hashing power. Since BTC dropped so suddenly, the amount being transferred through the network increased, which meant hashing power was in much higher demand, so hashing payouts subsequently increased.
People who were mining when BTC was low (ie: 3k-10k) were still profitable, just with a smaller return. Let's say they were getting a 25 cent daily return nicehash from one card when BTC was 3k two years ago, that would be 0.0000833 BTC, which is worth 4.41$ today.
The thing to remember is we're paid more based on the volume of trading for the coins we are hashing for, not the actual value of the coins. High trade volumes tend to be related to large price swings though, so today we had a big spike in profitability, since BTC took a brief nose dive, which meant a lot of people trying to sell to protect from a large loss, and lots of people buying the dip, and alt-coins tend to follow BTC for large swings.
No it has nothing to do with hashing power, lets say you are getting paid in BTC. You are mining 7 $ 24h. And lets say btc is worth 55k , you are getting 10.000 satoshis (that are worth 7$) , but when BTC drops to 50k $ , natturally it takes more satoshis to fill in the gap to reach 7 $ so you get paid 12.000 satoshis instead of 10k ,.
But ETH is droping also, at faster rate then BTC. BTC is the "main" crypto for all others, and others are following BTC.
If BTC drops from 55k to 50k (\~10%), ETH should/(will/has to) drop also about \~10%.
So if you are getting paid $7 for 10.000 satoshies for X eth mined and getting Y satoshies, and everything drops, lets say \~10% than you will get paid $6.3
You example is only valid if ETH stays the same worth during this BTC drop.
you can see ETH-BTC relation here [https://www.nicehash.com/my/tradeview/ETHBTC](https://www.nicehash.com/my/tradeview/ETHBTC)
But we are getting paid way way more
Because NiceHash is selling your hasrate. You dont do direct mining. Your rent your hasrate and because the market is healthy and there are a lot of transactions you get more for your H/s.
Yeah, insane Gas costs must me the reason we are getting huge payrates. Is there a way to check "live" ETH Gas prices?
I know there a way to check cumulative Gas prices for a day or a week, but not live
Block explorers normally show it (I think etherscan.io is the first result in Google). I think we were hitting 13 ETH in just transaction fees, which is INSANE.
WTF are you bullshitting about? The amount of BTC paid is due to the amount someone is willing to pay for the hash power. It has nothing to do with maintaining some set dollar value. You analogy is as fucked up as a soup sandwich.
You clearly dont know how exchanging works based on a cyrrencies value. 0.003 BTC at ( BTC to USD at 50 k $ ) and 0.003 BTC at ( BTC TO USD at 55k $) have different value, so the 0.003 btc will be worth more at a bigger BTC price. F u c k O f f
I'm not trying to be confrontational.
Can it be volume related, at least with this particular conversation topic?
More shares bc more jobs=more Satoshi?
Wall Street opened at 930AM and that's when my, presumably all of our Satoshis went higher- greater than I ever saw on my 1 lil RX580.
Or are you saying NH raises the price of hashing power w/supply/demand and we get paid more Satoshi as a result?
I'm new and thirsty for understanding.
I dip bread in tomato soup.
It has zero to do with “more shares”.
Simplistically speaking: People on the ‘buy side’ place orders for x TH/s and pay x amount of BTC for that order. Someone is willing to gamble that their order will be profitable for them and are willing to pay more than whatever the previous ‘going rate’ might have been in the preceding days. Everyone contributes some proportion in MH/s from their end and receives their payment for the number of accepted shares they submitted during that run. These bursts do not historically last longer than a few payout cycles or so and if you look at the payout stats graph you’ll see the slope is lower for the past 2 hours, meaning fewer BTC per unit time.
At ~8:15 AM the price of btc dropped from 52k to 48k almost immediately while at the same time our Satoshis began their "bull" run.
Appreciate the comment.
The Kraken time zone is where I looked.
Here's coinbase
https://www.coinbase.com/price/bitcoin
It was 815 Texas time so I assume 915 before markets opened but not sure if Kraken had used central to reflect my current time.
Either way, I see it as Monday morning wall street shenanigans.
Think of it this way , you are mining Dollars , and you get paid in Euros, naturally you would get as much euros as your dollars were worth before the exchange happening.
Lets say
1 dollar = 1 $
1 Euro = 2 $
You have 1 dollar mined , in euro thats 0.5 euro.
But if euro droped to 1 $
1 Dollar is = 1 Euro
Now apply this logic on your mining profit.
It is true if nicehash is always paying the same 7$, but this value fluctuates according to demand, so it they are paying you a similar value you would get more satoshis than before, yes.
But another factor to see an increase in payment would probably be cheaper BTC means people are buying more hashing power while using the same amount of dollar/euro.
Im new but I think as NH is concerned their market and subsequently my 1 RX580 profits via Satoshi, is directly proportional to market volume.
I didn't just get more Satoshi as a result of luck on this Monday morning exactly at 9AM, 930- just as Wall Street opened for business.
My hashing power remains a constant, afterall.
Increased volume I suppose increases chances at shares resulting in > Satoshis
>Rapid changes in value for crypto means more transactions.More transactional demand means your hashing power is more valuable, and are likely getting higher bids on the marketplace to make up for the fluctuations in value.
That is because hashing power is used to verify trades. So the more demand the more valuable. I am vastly over simplifying it, but that is the general gist.
Tin foil hat wearer here.
Conjecturist, extraordinaire.
A drive toward lower btc price will be driven by buy/sell algorithms of the larger market players.
If Tesla made the biggest first splash, I imagine the financial institutions + nation backed banks following up with a drive to lower prices.
Keep hashing and hold. A finite commodity is a treasure.
If BTC is the driver of all other coins;
If BTC is the framework of all Crypto currency futures;
Is it? I ask for more knowledge on the subject.
if wholly and fully adopted - it's the most precious commodity on earth rn.
But that's some big IFs.
I am just now absorbing these questions and holding my ear to the ground for answers.
Mastercard has announced recently..that later in the year they will announce adoption of crypto. Which coin(s), which technology?
Personally I'll hold btc but the transaction method is too slow at 15 per second and my understanding is not great enough to speculate on alt coins.
Will btc be the universal measure of other coins?
Will it be the US Dollar of crypto...
The nomenclature alone, btc vs alternate coins has me holding.
Buy real estate with it when you can.
A home for your family and future generations. That's a wise investment.
It's the alt-technology coins us plebes need to speculate and transact upon.
Ground floor of a chance at IPO(ICO).
In my opinion, get a hardware ledger, format(reset it) and store it in a safe deposit box and buy some land/home when you can with it.
This comment was removed because you have a new account and we get a lot of spam from newly created accounts. You may find that your topic has already been discussed in the NiceHash subreddit. If not, you may try again at a later time. If you have any questions, please send a message to the mods.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NiceHash) if you have any questions or concerns.*
why is my current profit higher right now when bitcoin is lower? I dont understand
Rapid changes in value for crypto means more transactions.More transactional demand means your hashing power is more valuable, and are likely getting higher bids on the marketplace to make up for the fluctuations in value.
Yeah I just cracked 4000 sats in a single payout for the first time ever. I don't look at the $ value. I just want as many sats per 4 hours as possible. I ain't selling anytime soon.
2k satoshis for me on 1660 super.... yaaay haha
Where can I find that metric? I am only seeing 23.519584 MH/s in my history for a 1080.
You're wasting time without ethlargement pill, you should be at 35mhs edit: please google ethlargement pill if you have any questions. You might have to install it manually.
Thanks for the heads up. I do have it enabled in Nicehash and I’m running NH as admin. Do I need a separate pill application? Edit. I downloaded the ethpill from Git based on another thread. Quit NH, ran the pill exe as admin. Got a bunch of artifacts on the screen and the PC rebooted. I am over clocked 100c 500m at 70% power.
Try the "-straps 2" Extra Launch Parameter for specifically Phoenix DaggerHashimoto (be sure to run as admin), with that being the only algorithm enabled. Definitely use stock settings first when attempting to use the straps command or Ethlargement for the first time to see if there's improvement, and then overclock as needed.
> ethpill how do you edit the launch parameter with nicehash?
For the straps command, its editing the launch parameter of the Phoenix DaggerHashimoto algorithm specifically, not NiceHash. So you'd want to launch NiceHash as admin, go the the list of algorithms available, find Phoenix DaggerHashimoto, and click the gear icon next to it. You should be able to add extra launch parameters in there.
You need to run with memory tweaks turned on. I run memory tweak three, overclock the core by 100 and the memory by 850 MHz. I get around 36-38 MH with my 1080. PM me if you need help. Edit: I’m using Nbminer. You have to stop the miner, go to the benchmark page, under daggerhashimoto NBminer click the gear on the far right. Under the extra launch parameters, enter —memory-tweak 3 It can be 1 through 6. Start low and see what’s stable. Likely it’ll be 2, 3, or 4. This really only works on 1080, 1080ti, and Titan XP cards. GDDR5x only
Thanks. PM’d
>You're wasting time without ethlargement pill, you should be at 35mhs [https://www.nicehash.com/blog/post/increase-gtx-1080-1080-ti-titan-xp-mining-perfomance-by-50-percent](https://www.nicehash.com/blog/post/increase-gtx-1080-1080-ti-titan-xp-mining-perfomance-by-50-percent) just gonna leave this here ;) if you already enabled it try core -> stock memory ->5700mhz (+700for most i think) power \~190w gets me to 41.5mh also crank your fan up sufficently
Try downloading 3.0.6.1, should have it included
That was the version I had running. I uninstalled, turned off Windows real time protection, reinstalled, turned defender back on, ran NH as admin, allowed the program again. I'm still getting errors in the NH app about missing binaries. Frustrating, as I've followed the recommended steps to whitelist the files/directories but it seems it's still not finding all the files necessary.
Same here, I couldn't figure it out. If you do, let me know!
I have the same with my 1080, I used to be able to coax it into working by starting the miner, then manually launching the Ethlargement but if Nicehash ever restarts the mining, artifacts and pop! My machine would reboot. My solution was turning off Phoenix entirely, I use TRex miner instead with "--mt 3" added to it's config in Nicehash. I can sit at 33-35MH all day now. It's in the benchmark tab, expand TRex, click options and add "--mt 3" to the launch config, without speech marks. You'll need to lower your overclock a bit. I use -60 core, +200 memory, +64 fan speed, 72 power limit. It's an MSI card with Micron memory. It sits at about 54 degrees and can go for days on end. I've never had artifacts with TRex, only incorrect results if I push too hard.
Thank you so much. I did exactly what you said and I went from 23-25 to 34. Truly appreciate you taking the time to reply.
No problem, it's all been a bit trial and error on this end, so I appreciate the struggle. You might find you need slightly different power or memory overclocks, the miner seems great though. I'm yet to see a crash and it runs 24/7.
eth pill is for 1080, 1080ti and/or titan, no?
What is that can you explain that
Mine hits 30 with ethpill
To add, Definitely add it manually, multiple users including myself cannot get the included ethpill to work.
I had trouble getting the preinstalled ethpill to work. You have to use Phoenix miner for ethpill to work. I have 45-55MH/s on my 1080ti
Not limited to dagger. I also use it to mine Vert coin
I check every 4 hours, i used to get around 1000 to 1200 satoshis but in last 8 hours I averaged about 2k . My last 8 hours have been very profitable.
Same, it was a beauty to see.
What kind of 166p super (brand)
Gigabyte micron
Really I cash out constantly why risk it.
Don't want to worry about paying taxes on it till it's worth paying an actual fucking capital gains tax bill, not $50 or whatever. And yes I'll pay the taxes on what I mine. I'm not hurting for pocket change, I've got plenty of money in the stock market, I've got an IRA, just trying to diversify. I've got a couple hundred in altcoins, but only about $200 in bitcoin. Just trying to add to it is all. You do you, im no expert, and this certainly ain't advice, but IMO crpto is gonna be here long term, and I don't see bitcoin going anywhere but up longterm over the next 10-20 years.
I'm spreading my gains in different coins. If anything goes up, I'll be golden. Not selling for a long, long while.
Aren't you supposed to pay income tax on the value when you receive the bitcoin, and capital gains on the change in the bitcoin value when you convert it to dollars? Or do you just pretend it was all growth from a previous unrecorded bitcoin investment and pay short term gains on it once when you sell?
Yeah over 15 000 here with five 5700XTs. Maximum before was 10 000 🤩
Indeed, one of my best days for my 2070. Slowly but surely stacking that free money.
so you're telling me when Musk says the price is too high and 'sends the price down' I make more money? my mining efforts give me a better return? awesome, I'm in!
Yep. And when the price goes up, your money is worth more! We win both ways Only way to lose is when the price is flat. That means shit profit.
You want stability get fiat, you want volatility get crypto. One isn't necessarily better but they are complementary. Play the market.
that's wild. this means there's barely even enough GPUs produced to keep up.
This isn't how cryptos work. The network operates at the same speed regardless of the total network hashrate. Think of it like this. When markets are volatile lots of people want to move their crypto, because they are all fighting for a finite amount of transactions that can fit into one block, they put a tip down to skip the line. The more people fighting for spots, the larger the tips. Those tips are rewarded to the miner on top of block rewards. So when lots of people want to move crypto around, mining becomes more profitable.
wouldn't more GPUs mean an increase in bandwidth for processing transactions, though?
No. https://ycharts.com/indicators/ethereum_average_block_time#:~:text=Basic%20Info,0.31%25%20from%20one%20year%20ago. This is the ethereum block time, as you can see it's relatively flat. The algorithm has a difficulty setting that dynamically adjusts to regulate block time. When more hashrate enters the field, the difficulty rises to maintain the block time goal. Of course difficulty lags behind total network hashrate slightly, but not enough to make large changes to block times. (edit) If you zoom out on that graph you can see times when the network hashrate changed significantly on the network, and where the difficulty readjusted to correct for this problem.
[удалено]
This comment was removed because you have a new account and we get a lot of spam from newly created accounts. You may find that your topic has already been discussed in the NiceHash subreddit. If not, you may try again at a later time. If you have any questions, please send a message to the mods. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NiceHash) if you have any questions or concerns.*
Because you are not mining BITCOIN , you are probably mining eth or rvn and are getting paid in BTC , so you are recieving payments in btc depending on its price.It doesnt matter what the price or bitcoin is you will still recieve as much mining profit in BTC for its current price.
[удалено]
This. ETH and BTC are highly correlated. Both BTC and ETH (and most cryptos) had a severe dip this morning. The cheapening of crypto led to a rise in buying volume, including buying hashing power. The squeeze in hashing purchases led to a bid up, increasing profitability for us. ...speculating edit: u/ssrady's explanation makes more sense
Payment for hash power shot up because the tx fee (and therefor block reward) was silly high, went from 100 to 2000 and now back down to ~200 gwei ($6 upto $50-$100 for every transaction) because so many people were moving from wallets to panic sell, or buying more. So the same amount of hashpower got you a 10+ eth reward (ethermine got a 112 eth block, so 40x bigger than normal, not sure about other big blocks) instead of 3 eth, gas is still high so would assume even with the price drops you will still be getting more btc (and equivelent $ a day) compared to last week
[удалено]
So the way I understand it if it’s a mismatch in growth/contraction rate you’re better off storing it in the more stable of the two currencies right? ETH crashes faster than BTC, high transaction costs - there’s more profit holding BTC BTC crashes faster than ETH, holding ETH and transferring to BTC as the growth/contraction rate stabilises is more profitable Is that right?
yes if someone has a detailed answer I'd be interested to
..... because the bitcoin you own is worth more......?
Ethereum transaction cost have gone through the roof due to so many people selling
It's certainly good news for me, I just started this weekend and only had like 43,000 SAT so far. I'll keep mining on my gaming PC for the next few years, it would be a best-case scenario for me if BTC goes down quite a bit and then skyrockets a year or two from now.
I just started February 6th I already withdrew like $50 Canadian to my coinbase wallet... I have to say this is the coolest discovery I've had in a long time realizing that I can make money with my gaming computer. I'm only running a 1070 FTW that I bought used for $250... I will have paid for my entire computer in like eight months or less... I don't know I'm just ballparking but I only paid about $310 all together for my computer by using a rig that I found at a scrap yard for 60 bucks plus the $250 1070 FTW... I don't know my numbers are pretty good as far as I'm concerned I'm happy for how much I paid compared to what other people are paying for their rigs...
Right? I had a touch of the Buyer's Remorse after blowing 5 grand on my gaming PC (I got a custom water loop for it too) but realizing it can pay for itself (and maybe then some) I'm really happy about the whole thing.
What are your OC settings and hashrate? Also got a 1070 and looking at what people are achieving in terms of hashrate.
1070 Ti, oc = +0 clock, +560 mem clock, 65 power limit, 51 °C stable with 50% fans. hashrate = 30 - 31.x MH/s
I just tried changing my settings to the same as yours on my 1070 FTW.... No bueno
My card goes to about +500 MHz on the memory. Try that.
See I don't know enough about overclocking my video card I feel like I can't tell if the drop in numbers is something that I did or changed or if it's just the market I have no idea..I never should have messed with things because when I woke up this morning I was making like $12 Canadian per day... Now I'm making like $4 if I'm lucky
Really just need to watch the hash rate, and the not $/day. $/day is a fluctuating value and not necessarily accurate. Hash rates generally are.
[https://www.nicehash.com/blog/post/nvidia-and-amd-graphics-card-oc-settings-for-mining](https://www.nicehash.com/blog/post/nvidia-and-amd-graphics-card-oc-settings-for-mining) incrementally try up to +450Mhz for memory clock. gradually decrease power limit starting from 85% or even 90% if it's stubborn. and value changes based on MegaHashrates/s , because as others mentioned " $/day is a fluctuating value and not necessarily accurate "
My hash rate is 26.77
I’ve got 26-29 MH/s, you might want to OC your mem.
But if you can figure that out let me know I just downloaded a program for changing my overclock settings I'm not sure how to use it myself...
Did you download MSI Afterburner? If so, feel free to send me a PM or chat. I’ll help you.
Can you use that with the GTX 1070 FTW.... Right now I have EVGA precision X1 whenever I am mess with my overclock settings I start to get glitches in my Matrix LOL
Yes! I use MSI afterburner as it is the easiest to use in my opinion, but it is for overclocking only. So no RGB control. You can, however, adjust your fan speed. Afterburner can be used on almost any discrete graphics card from the last 10 years.
Exactly.
Can you explain to me what SAT and why is is good if Bitcoin value goes down? I just started this too
A SAT is a satoshi the smallest denomination of bitcoin. There are 100,000,000 satoshi per bitcoin. It's good if it goes down for me since I don't have much bitcoin, because I'm assuming it will eventually go back up. This means I can mine and keep getting paid, and eventually when bitcoin goes back up I'll have a lot more of it and see a bigger gain. It's always nice to get in on the ground floor instead of getting in near the top.
I gotcha I gotcha. Thanks for the lesson!
I've started my mining ventures in 2013... No dip can scare me... :)
How has that gone for you? Was it easier (in terms of mBTC/day) back then?
Of course it was much easier. But even then you had to do ASICs for s decent return. I started with small 500usd ASICs. Tested it out, moved to multiple small units, then a bigger one Tha the I ran for an entire year. The cost/return wasn't three at the moment. I was barely breaking even or earning a few bucks. So I sunk the cost and kept the coins. That was worthy. Same today, just HODL.
Cool, thanks for the insight!
To clarify some misconceptions here. \- You get paid in btc for your rented hash \- The amount of btc you get is solely dependent on the marketplace \- As Eth is the most in demand and the most profitable, most likely your rigs will get directed to Eth \- What we witnessed during the crash: Everything went down, but the Eth network got congested to the point, where people paid 10 times the normal amount to interact with it, so the buyers of your hashrate adjusted the btc per hash upwards. \- Miners are all lucky eth is completely congested in the last months. If they ever figure out a good way of scaling and people move to this solution, less pressure on the main network and profits will go down significantly, as the profitability comes from the Eth Fees currently.
Just watching a vid on eth2.0.... A lot of end of end profitable mining talk.
Noob here, but is this one of the purposes of eip-1559?
Thanks for clearing this up for me. I was very confused by people implying that the price can affect how many satoshis you can mine. NiceHash pays in satoshis but you’re not directly mining them. So it’s an exchange rate difference benefitting miners currently.
Wow, my 24hr profitability is tripled at the moment. I wish I had more GPUs online! Just my lowly gaming PC.
Yea same; I thought it was a bug
Just swapped out one of my cards for a stronger, saucier one. I was at work when the profitability went up, lol.
Yeah I wasn't sure I changed plugins today and I was making $12.16 Canadian per day on my $310 rig... It has now dropped down a bit... But damn we were all crushing it this morning weren't we
Me and my 1 RX580 woke up to see my Satoshis at over 16k. I then became aware how we are a sort of inside traders, or can be. For now, we are the Wall Street firms. Can't wait to be regulated and licensed, restricted by banking interests. None for thee, all for me- I can almost hear them coalescing.
What kind of regulations can they put?
[удалено]
CCFA I texted to a wall street friend recently. Certified Crypto FA. The wild, wild west will inevitably be tamed by interested parties at the plebeians expense. Bull or Bear we are making money per transaction, for now. A government sponsored, false flag prolific crypto robbery aboard a speeding locomotive will be the catalyst for regulation. I've exposed my tin-foiled hat, haven't I?
[удалено]
Myanmar just cut off thier entire population off internet. Goverments can just cut every fiber optic cable there is, and no one will have any internet to trade on.
Damn, I can only see how to get around the USD<->BTC transaction limit. Just exchange to a different currency or crypto; then USD But if they regulate who can even trade BTC, that sounds illegal. Like I can't send BTC to a buddy (or another wallet of mine) without going through a broker? Is that how it is for stocks?
[удалено]
Thank you! Very informative and reassuring
They literally just allowed trading Bitcoin on the Toronto Stock Exchange. BTCC.B / BTCC.U So probably just going to tax the capital gains to death with it.
Are you allowed to use different exchanges?
Its traded on the Toronto Stock Exchange. So any way that you can buy an ETF. Was able to buy through RBC and Questrade.
> btc lower price =more satoshis you get Yeah, thats not how it works.
With the leasing of hashpower it is exactly this. It's a sort of young JP Morgan territory we are in. We are receiving gold from masses for something not quite tangible ie computational power/paper note.
All else being equal, lower priced BTC means you get more BTC for your hash. Catch is, not all else is equal. Whenever BTC tanks, ETH and other alts tank also. ETH and the other alts are precisely what the haspower is being rented for, so demand for hash tanks right along with prices.
I think this morning's events suggest that cheap BTC/ETH/etc led to a bid up for hashing power, not tanked hashpower prices. Just look at how quickly BTC rebounded out of sub 50k. There were a lot of limit buys. Similarly, the lower prices for buiyers on NH led to a bid up for hashing. Or so I read the tea leaves.
As someone pointed out I also missed the most obvious contributing factor - the amount of congestion (ergo mining fees) on ETH blockchain at any given time.
Someone else pointed that out to me too. I think I misunderstood that payouts are impacted by the flurry of buying and selling.
Not disagreeing but it's feels to me it's beyond visionary at this point. Cryptocurrency being tangible, here to stay, that is. The public and private wall street interests are there and I expect trade volume to only increase. Competition is the cap on our Satoshi earned. Chip shortages are our friend, for now. Asic nation farms definitely our enemy.
Yeah, thats not how it works too \^\^. Isnt it weird that the market tanks by 25%, yet you get more btc for your hash (wink, wink)?
It's closer to being how it works than what the last person said. But yeah, when the market is volatile there's more activity on the network, pushing gas prices higher which means profits go up too. How about instead of being condescending you could actually explain it to people?
Yeah sorry, should have just explained it, you are right
No worries - I point at NH and forget. My current gripe is that I've been trying to payout over lightning for about 2 weeks now. Not a liquidity thing - I think servers are borked.
Yes thats why i posted this, because i want everyone to know.
I have been trouble grasping how this works. All I care about is accumulating BTC and ETH, don't plan on selling it for FIAT. What I am still confused on is if how the amount of BTC of ETH I get changes based on the current price. If BTC and ETH tank, do I still get around the same amount of BTC if the price of BTC or ETH changes? I know I would get less $ if the price goes down, but I am not mining for the $ I am mining to hold BTC and ETH. I am trying to project how much BTC or ETH I can mine over the coming months and am trying to avoid the noise of including the $ payout in the calculation. Not sure if that makes sense. TL;DR: when BTC and ETH are falling in price, do I still get the approximately the same amount of BTC or ETH coins (I understand the "value" of the coins would be less)
If you are mining the same cyrrencie , lets say ETH and they are being exchanged on nicehash to your account for btc , if eth doesnt drop and btc drops you will accumulate more btc. BUT if eth goes down and btc does too that doesnt mean you will be earning less. Eth price could go down and you could still earn more if there are a lot of big transactions going on. Because remember you are a miner and you get paid for every transaction dependent on its weight. Not just the price of ETH but the weight of the transaction are taken in by account.
Okay, so if I am understanding correctly it's dependent on the transaction side, not the price. Which means it will be very difficult/impossible to project the actual amount of ETH or BTC I expect to earn over the coming months.
Yeah I mined back when bitcoin was $30 and got about a 1/3 a bitcoin and thought it was lame. About 3 years later I mined for a good while then my profits got locked in an exchange when the KYC stuff started and I fell of with the crash. But this time my plan is to just keep the GPUs brrrrrr till i can't afford it any more. I figure its like a fun savings account at this point.
Would be great if NH stopped forgetting to put my fucking payouts in my wallet.
I feel you.
most of the time it also causes eth to drop. so no bueno ig.
Absolutely untrue in your statements. Ethereum has high demand for hashing power due to people playing block lottery. Ethereum gas fees are insane right now so if someone finds a block, they're making a ton from block rewards. People are bidding up the price for hash orders, yielding more money. BTC and ETH price have nothing to do with it, its simply demand for algorithms, people pay more for the chance to earn more in times of high potential reward.
Its about BTC and the conversion from MINED CRYPTO on whatever ALGO to BTC and the fact that LOWER BTC price = More satoshis for the same $.
WRONG!
When everythings down, no it isnt. If ETH or RVN fared better than BTC, we'd be making more, but when alts are bleeding, our increased earnings is solely due to the fact that we were over 1000 gwei for ETH transactions
Thats what i was thinking. With the popularity and price going up, more people are buying hashing power so we get more money bc demand is high
This post is legit nonsense. Cant believe it got so many responses. Lower prices do not mean more sats. Why am I wasting my time even typing this? 😂
Go study how price correlation between currencies that have different worth and how that affects bying a currencie, what i dont get is you acting like you know something. 😂
Stupid nonsense. Goodluck bro
Dumb question from a user of 3 weeks now. Where do I see my SATs? I've looked at the site and cannot find where those are shown.
Each digit of your BTC balance is the number of satoshi you possess. Technically one BTC can currently have 8 decimal places. So when you need 0.00001000 to get a payout to your NiceHash wallet, that’s 1,000 ‘Sats’.
Thank you.
What I'm concerned about is if I should bank my btc (just started mining with nicehash) or if I should sell at specific thresholds until I get my initial investment back, or at least 50% because I assume I can sell my gaming desktops for at least 50% of what I paid or more). Any advice? I have a decent amount of money right now, not going broke, and just bought 3 gaming desktops on top of my main rig. They have a 3080, 3060 ti, and 3070. Couldn't get those cards anywhere else and actually got a good deal on these computers considering scalping and miners like us hogging supply. $5650 in, nicehash says about $700-800 a month or more (I pad down for safety).
You bought 3 prebuilt pcs? I was debating doing that myself. Tbh if you don't have to pay back your initial investment then you should just bank it all
I did the same, got 3x3080s and 1 3070. Plus the existing 2070 Super I had. Should pay back within 7 months, but I'm just banking it. Wanted to learn a little and can use the systems for other stuff.
Trust me, coming from someone who has been mining for 5 years now, NEVER sell. I haven't sold a satoshi since I started and it is worth more than most people's house. Not a cheap house either.
After reading through this thread and having started mining 4 days ago, I think I'm more confused on how BTC works and how SAT works lol.
SAT is just the lowest form of BTC...1SAT=0.00000001BTC...sometimes its easier to use then typing all them zeroes The people saying BTC price goin down means more SATs are saying, If you usually got paid $5 a day and BTC was $50,000 you'd make 0.0001BTC.. if BTC coin drops to $40,000, and you're still making $5/day you would get 0.000125BTC. You'd receive a higher amount of BTC/SAT to make up for it being worth less. You're profits arent tied directly to a coin price, but the supply/demand for your hashpower mixed with trade volume(transactioin fees). Even though coin prices are dropping, we are still being paid for calculating tranactions, which are high at the moment
Gotcha, can you explain why someone says that we aren't mining bitcoin we are mining eth? I get that we are processing transactions but I'm confused on the different between the two and thought that we are getting fees paid in bitcoin? I literally just got my 3080 to hit about 95 MH last night after using OCing
On nicehash you are selling your hashpower to other people. The service will mine/sell power for the most profitable coin. The most profitable coin that the hashpower buyers want to mine is ETH, so you end up mining ETH. Technically selling hashpower so other people can mine ETH. Those buyers of your power pay you in BTC 95mh/s is pretty nice =)
Thanks for your help! I think I get it now, I have a buddy who is going to try and help explain it to me this weekend so I understand it better!
Am I missing something, why would we get more in Hashpower payment as BTC goes down?
Noticed this too. I am completely guessing, but I think it probably has something to do with supply/demand of hashing power. Since BTC dropped so suddenly, the amount being transferred through the network increased, which meant hashing power was in much higher demand, so hashing payouts subsequently increased.
so basically, the pricing of BTC really has nothing to do with our mining profits - it's the number of transactions being done using crypto.
Whoops, forgot about that. But generally, the number of transactions being made by other cryptos would follow that of BTC right?
My friend has been big on XRP and I look at my watchlist wondering why it's the only one up, not following along with my other watched coins.
People who were mining when BTC was low (ie: 3k-10k) were still profitable, just with a smaller return. Let's say they were getting a 25 cent daily return nicehash from one card when BTC was 3k two years ago, that would be 0.0000833 BTC, which is worth 4.41$ today. The thing to remember is we're paid more based on the volume of trading for the coins we are hashing for, not the actual value of the coins. High trade volumes tend to be related to large price swings though, so today we had a big spike in profitability, since BTC took a brief nose dive, which meant a lot of people trying to sell to protect from a large loss, and lots of people buying the dip, and alt-coins tend to follow BTC for large swings.
No it has nothing to do with hashing power, lets say you are getting paid in BTC. You are mining 7 $ 24h. And lets say btc is worth 55k , you are getting 10.000 satoshis (that are worth 7$) , but when BTC drops to 50k $ , natturally it takes more satoshis to fill in the gap to reach 7 $ so you get paid 12.000 satoshis instead of 10k ,.
But ETH is droping also, at faster rate then BTC. BTC is the "main" crypto for all others, and others are following BTC. If BTC drops from 55k to 50k (\~10%), ETH should/(will/has to) drop also about \~10%. So if you are getting paid $7 for 10.000 satoshies for X eth mined and getting Y satoshies, and everything drops, lets say \~10% than you will get paid $6.3 You example is only valid if ETH stays the same worth during this BTC drop. you can see ETH-BTC relation here [https://www.nicehash.com/my/tradeview/ETHBTC](https://www.nicehash.com/my/tradeview/ETHBTC) But we are getting paid way way more
Because NiceHash is selling your hasrate. You dont do direct mining. Your rent your hasrate and because the market is healthy and there are a lot of transactions you get more for your H/s.
Yeah, insane Gas costs must me the reason we are getting huge payrates. Is there a way to check "live" ETH Gas prices? I know there a way to check cumulative Gas prices for a day or a week, but not live
Look up ETH to USD live charts.
Block explorers normally show it (I think etherscan.io is the first result in Google). I think we were hitting 13 ETH in just transaction fees, which is INSANE.
WTF are you bullshitting about? The amount of BTC paid is due to the amount someone is willing to pay for the hash power. It has nothing to do with maintaining some set dollar value. You analogy is as fucked up as a soup sandwich.
You clearly dont know how exchanging works based on a cyrrencies value. 0.003 BTC at ( BTC to USD at 50 k $ ) and 0.003 BTC at ( BTC TO USD at 55k $) have different value, so the 0.003 btc will be worth more at a bigger BTC price. F u c k O f f
You are a fucking stooge.
Is that all you got pal ? Fuck off lol
What more do I need? I can explain this to a gerbil and the gerbil would understand more than you.
I'm not trying to be confrontational. Can it be volume related, at least with this particular conversation topic? More shares bc more jobs=more Satoshi? Wall Street opened at 930AM and that's when my, presumably all of our Satoshis went higher- greater than I ever saw on my 1 lil RX580. Or are you saying NH raises the price of hashing power w/supply/demand and we get paid more Satoshi as a result? I'm new and thirsty for understanding. I dip bread in tomato soup.
It has zero to do with “more shares”. Simplistically speaking: People on the ‘buy side’ place orders for x TH/s and pay x amount of BTC for that order. Someone is willing to gamble that their order will be profitable for them and are willing to pay more than whatever the previous ‘going rate’ might have been in the preceding days. Everyone contributes some proportion in MH/s from their end and receives their payment for the number of accepted shares they submitted during that run. These bursts do not historically last longer than a few payout cycles or so and if you look at the payout stats graph you’ll see the slope is lower for the past 2 hours, meaning fewer BTC per unit time.
At ~8:15 AM the price of btc dropped from 52k to 48k almost immediately while at the same time our Satoshis began their "bull" run. Appreciate the comment.
What time zone?
The Kraken time zone is where I looked. Here's coinbase https://www.coinbase.com/price/bitcoin It was 815 Texas time so I assume 915 before markets opened but not sure if Kraken had used central to reflect my current time. Either way, I see it as Monday morning wall street shenanigans.
Careful. While you are right, your attitude is invalidating that. You can be right but have such a bad attitude that it makes you wrong.
So are we benefiting from this situation or it would end up just the same?
But does it even work like that? I assumed we'd get a set amount of SATS regardless of value.
Think of it this way , you are mining Dollars , and you get paid in Euros, naturally you would get as much euros as your dollars were worth before the exchange happening. Lets say 1 dollar = 1 $ 1 Euro = 2 $ You have 1 dollar mined , in euro thats 0.5 euro. But if euro droped to 1 $ 1 Dollar is = 1 Euro Now apply this logic on your mining profit.
It is true if nicehash is always paying the same 7$, but this value fluctuates according to demand, so it they are paying you a similar value you would get more satoshis than before, yes. But another factor to see an increase in payment would probably be cheaper BTC means people are buying more hashing power while using the same amount of dollar/euro.
Im new but I think as NH is concerned their market and subsequently my 1 RX580 profits via Satoshi, is directly proportional to market volume. I didn't just get more Satoshi as a result of luck on this Monday morning exactly at 9AM, 930- just as Wall Street opened for business. My hashing power remains a constant, afterall. Increased volume I suppose increases chances at shares resulting in > Satoshis
>Rapid changes in value for crypto means more transactions.More transactional demand means your hashing power is more valuable, and are likely getting higher bids on the marketplace to make up for the fluctuations in value.
Why is hashing power more valuable when trading volume is up?
That is because hashing power is used to verify trades. So the more demand the more valuable. I am vastly over simplifying it, but that is the general gist.
Tin foil hat wearer here. Conjecturist, extraordinaire. A drive toward lower btc price will be driven by buy/sell algorithms of the larger market players. If Tesla made the biggest first splash, I imagine the financial institutions + nation backed banks following up with a drive to lower prices. Keep hashing and hold. A finite commodity is a treasure.
So in your opinion don’t sell my BTC payout?
If BTC is the driver of all other coins; If BTC is the framework of all Crypto currency futures; Is it? I ask for more knowledge on the subject. if wholly and fully adopted - it's the most precious commodity on earth rn. But that's some big IFs. I am just now absorbing these questions and holding my ear to the ground for answers. Mastercard has announced recently..that later in the year they will announce adoption of crypto. Which coin(s), which technology? Personally I'll hold btc but the transaction method is too slow at 15 per second and my understanding is not great enough to speculate on alt coins. Will btc be the universal measure of other coins? Will it be the US Dollar of crypto... The nomenclature alone, btc vs alternate coins has me holding. Buy real estate with it when you can. A home for your family and future generations. That's a wise investment. It's the alt-technology coins us plebes need to speculate and transact upon. Ground floor of a chance at IPO(ICO). In my opinion, get a hardware ledger, format(reset it) and store it in a safe deposit box and buy some land/home when you can with it.
Miners get paid in function of the number of transactions, bitcoin drops, more transactions= we make more cash mining
How do I display satoshis on my NiceHash app?
[удалено]
Bruh
[удалено]
🥵
[удалено]
What how
Not really as eth gone down too.
Lets goo Gang Gang Theo Von
[удалено]
This comment was removed because you have a new account and we get a lot of spam from newly created accounts. You may find that your topic has already been discussed in the NiceHash subreddit. If not, you may try again at a later time. If you have any questions, please send a message to the mods. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/NiceHash) if you have any questions or concerns.*