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Nicehash is slightly more stable but you end up in a similar situation since the price per Mhash fluctuates in the same way. If you examine the profitability c
by ilitirit 9y ago
Nicehash is slightly more stable but you end up in a similar situation since the price per Mhash fluctuates in the same way. If you examine the profitability chart it's all based on historical prices:
https://www.nicehash.com/?p=calc https://www.nicehash.com/?p=calc
That's usually fine for the bigger, more established alts (since the known alts use the known algos - DaggerHashimoto, Equihash etc), but not for the alts which can potentially generate the most profit in shorter periods of time. So if a coin that uses some obscure algo gets pumped for a few days it's going to skew the chart.
The real benefit of Nicehash is that it's more accessible for people who are new to crypto mining. If you work out the numbers, mining ETH (for example) directly is almost always more profitable than using Nicehash. Nicehash is just simpler and more convenient.
- Klathmon 9y agoWell of course mining the coin itself will be more "profitable", NiceHash is charging about a 4% fee (closer to ~2.6% if you play their game). So on average mining ETH directly will most likely net you 4% more. But I don't want ETH, I want BTC. And while it's not a knock against ETH (It seems like a really cool technology!), I just don't want to hold my money in it and deal with it separately than I do my BTC. And I'm more than willing to pay that 4% fee to be able to hold my BTC securely with the ecosystem I have setup to sell and convert it to USD if/when I need to.