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Experimenting with NiceHash.com

Hello....

Well, it is a Christmas downtime, and I had too much time on my hands... and looks like cash too, I guess.

I did a bunch of the experiments with the NiceHash.com platform, and here are my non-scientific results.
Please note that this may not yield same results for you, but it could be a good info if you are interested to mine with NiceHash

Bitcoin Mining:

Test 1- Return +21.26%
- Dynamic pricing using WestHash - I did watch this one (San Jose Servers)
- Length - 70 minutes
- Speed at the pool 465.3702 TH/s
- Pool - AntPool - PPLNS

Test 2 - Return -19.90%
- Dynamic pricing using WestHash (San Jose Servers)
- Length - 30 minutes
- Speed at the pool 1005.9714 TH/s
- Pool - F2Pool - PPS

Test 3 - Return +29.77%
- Dynamic pricing using NiceHash (Amsterdam Servers)
- Length - 90 minutes
- Speed at the pool 700.1232 TH/s
- Pool - AntPool - PPLNS

Test 4 - Return -31.36%
- Dynamic pricing using NiceHash (Amsterdam Servers)
- Length - 2 hours
- Speed at the pool 731.0766 TH/sTH/s
- Pool - AntPool - PPLNS

Test 5 - Return -4.73%
- Fixed pricing using NiceHash (Amsterdam Servers)
- Length - 11 hours
- Speed at the pool 108.2608 TH/s
- Pool - F2Pool - PPS

Test 6 - Return -7.14%
- Fixed pricing using WestHash (San Jose Servers)
- Length - 11 hours
- Speed at the pool 108.2608 TH/s
- Pool - AntPool - PPS (I changed the miming pool reward system to see if there is any difference)

Test 7 - Return -2.76%
- Fixed pricing using WestHash (San Jose Servers)
- Length - 5.5 hours
- Speed at the pool 171.2529 TH/s
- Pool - AntPool - PPLNS

Test 8 - LITECOIN - Return -17.36%
- Dynamic pricing using WestHash (San Jose Servers)
- Length - 7 hours
- Speed at the pool 0.7074 GH/s
- Pool - LiteCoinPool - PPS

My two Sathosis:

- Expensive - Bitcoin Dynamic pricing is better, but you will wait longer to complete your orders
- Luck - It is still based on the luck factor. Your profitability can be awesome it you blast the order at the time when pool find the block. Of course we can't predict that.
- Fees - They could be a killer - NiceHash charges 3% of your order + 0.0001 BTC per order (non refundable) - AntPool has PPLNS at 0 and PPS at 2.5%. F2Pool has a 4% fee
- LiteCoin - Same issues as above PLUS you will need to convert them to BTC once mined. Good news is that the pool has no fees.

Sorry for a long post, but the blog platform doesn't allow tables.

Comments/Questions are welcomed.

ZemCoin....

Comments

  • testmantestman Member Plus
    edited December 2015
    I really appreciate this. Any experience on any other platforms?
    I am he as you are he as you are me, and we are all together. See how they run like pigs from a gun, see how they fly.
  • testman said:

    I really appreciate this. Any experience on any other platforms?


    Hi Testman, I don't. I am pretty new with whole BitCoin thing.

  • Testing part Two:

    I did few more tests, and these hurt much, much more.

    Test 1 - Return -61.52%
    - Fixed pricing using WestHash (San Jose Servers)
    - Length - 24 hours
    - Speed at the pool 38.3633 TH/s
    - Pool - Slush Pool - Reward System

    Test 2 - Return 24%
    - Dynamic pricing using WestHash (San Jose Servers)
    - Length - 4 hours
    - Speed at the pool - 193.5996 TH/s
    - Pool - AntPool - PPLNS

    Test 3 - Return -50.97%
    - Fixed pricing using WestHash (San Jose Servers)
    - Length - 3 hours
    - Speed at the pool - 287.3451 TH/s
    - Pool - AntPool - PPLNS

    Few Observations

    - Longer the miner is running, the probability to earn is higher (of course, luck still plays a factor here)
    - Short term, pumping high TH/s is very risky. My loses are abvoius
    - Slush Pool - - In my opinion, very risky. They find 8 blocks in average per day, and return on the investment is not there. Maybe that equalize over time, but then again, whole calculation could reset, once the difficulty goes up.

    NiceHash Platform

    I can say that NiceHash works. It is stable and it could provide fast entry into the Bitcoin mining. it is fun for sure, but be aware that you could loose a money on it.

    If you like the above analysis, and if you are planing to give it a go, please sign up with this referral link: NiceHash.com . This could provide few fractions of the BTC for my efforts, and maybe, just maybe I could recoup the losses (and yes, I believe in Santa too) :)

    Thanks, ZemCoin



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