Accepted speed nicehash

Accepted speed nicehash DEFAULT

Time to Ditch NiceHash

Stop getting paid in Bitcoin with NiceHash and get on the Ethereum Train

I recently wrote an article about earning money mining Ethereum, and in the few weeks since it was published Ethereum has continued to break all time high value records. Ethereum has now increased over 2,000% in value since this time last year with no signs of slowing down. The London fork will introduce Ether burning in July, which will increase scarcity significantly. I know many crypto enthusiasts are incredibly bullish on Ethereum, and I am absolutely in that camp. Even though the ETH 2.0 network is on the horizon, there is still time to make a decent amount of easy money mining Ethereum.

Many new miners are likely using NiceHash, which is an application that makes mining simple. One of the conveniences of NiceHash is that it pays out in Bitcoin even though your PC is likely mining Ethereum. Just a month ago it would still seem reasonable to take your payout in Bitcoin even if you paid a small fee to do so, however in our current market it may be more desirable to earn Ethereum.

On top of preferring Ethereum payouts over Bitcoin, NiceHash results in fees close to seven percent once your Ethereum has been converted to Bitcoin. Mining with a pool can cost considerably less, usually totaling around two percent or less.

The primary advantage of NiceHash is that it is an easy to use application, but you will see quickly that mining with a pool is just as easy once you are setup. In this post I’ll discuss the best available pools and why people choose one over another, then I will dive into mining software for your hardware.

What is a Pool?

A mining pool is simply a coordinated group of miners that work together to pool computational resources — GPU’s — to increase the likelihood of finding a block. If you aren’t familiar with the basic workings of Ethereum mining, check out my Crypto 101 post. Since mining to find a block is essentially a race to guess the correct hash code, the only chance individuals with small mining setups have to solve a block is to work together.

How a Pool Works

Miners who join a pool lend their processing power to increase the total hash rate of the pool. A single RTX 3080 can reach roughly 100MH/s (Megahash per Second), but my preferred pool currently has a hash rate of 112.4 TH/s (Terrahash per Second). Much like data storage, 1 Terrahash is equal to 1000 Gigahash and 1 Gigahash is equal to 1000 Megahash. This means that there is hash power equal to 1.1 million 3080’s working in the Ethermine pool as I write this article.

Each pool has its own payout structure, but most use some estimate of how much you contributed to solving a block and pays you out a portion of the block reward based off of how much work you did. Every pool has its own payout structure, so make sure the one you choose has a payout plan that suits your setup!

Downsides of Pools

So far pools sound great! I can’t mine Ethereum on my own with my 3080, but if I hop into a pool I can start earning Ethereum immediately. The downside of pools relates to what I consider to be one of the most important aspects of blockchain, decentralization.

Miners are critical to maintaining proof of work blockchain networks like Bitcoin and Ethereum, and they make up a large percentage of the nodes in the network . A key element to any decentralized system is that no single entity controls a majority of the network. Some networks, like Ethereum classic, have had something called a 51% attack occur multiple times. A 51% attack is when one entity gains control of a majority of the network, which allows them to make false transactions since they control the network. This kind of scenario is absolutely devastating to an established network like Ethereum; the last Ethereum classic attack reorganized over 7,000 blocks, which is essentially akin to rearranging history. Long story short, if any crypto is to be mainstream it must be relatively safe from a 51% attack.

The big disadvantage of pools is that we are centralizing mining control. This can be very clearly seen as a potential issue with Ethereum's EIP-1559 update on track to come with the London hard fork in July. EIP-1559 is meant to reduce transaction fees (gas) that have been skyrocketing for months; instead of a user sending a gas fee to a miner for the transaction to be added to a block, the gas fee will instead be sent to the network as a basefee that will be burned. Users can tip miners in gas fees, but there is definitely a loss of direct profit for miners; mining will likely still be profitable with miners taking advantage of MEV (Miner Extracted Value), which leverages the miner’s position as the arbiters of block packaging to increase their profits.

EIP-1559 deserves its own post, however currently over 60% of the mining power on the Ethereum network is publicly against its rollout. This is due to several large pools releasing statements protesting EIP-1559. If these large pools coordinated, they could potentially launch a 51% on the Ethereum network and destabilize the platform. This is an inherent risk with centralizing mining control, it exposes the network to coordinated attacks. This scenario playing out is highly unlikely as miners would be hurting themselves by attacking their own network. It’s a scorched earth approach to this problem, but it highlights the dangers of centralizing blockchain networks.

There are a few popular pools to choose from. Some pools are better for certain regions of the world, and there are certain pros and cons to choosing a very large pool or a small pool. In general there are a few attributes we want to keep track of when comparing pools: usage fee, payout fee, and minimum payout threshold. There are a lot of pools out there, so I selected my three favorites to make it easier to pick one.

Note: In mining, the term “luck” simply refers to if the pool found a block earlier than expected; basically luck goes up if we find a block with less work than expected. You will see this metric on a lot of pool websites as it factors into the payout structure.

Ethermine

Ethermine is one of the largest pools available with over 100 TH/s at the time of writing. It charges a flat 1% fee to use the pool and Ethermine doesn’t charge you the transaction fees when you get paid. Instead Ethermine mines your transactions on their blocks, which reduces block efficiency and overall rewards. Reducing block efficiency lowers the total reward the pool earns per block, but it means no transaction fees when Ethermine pays you. For a small miner this can be advantageous since you can take smaller payouts without paying a large percentage to fees. I’ll discuss this further in comparison to Flexpool below.

Flexpool

Flexpool is a small but rapidly growing mining pool with ~6TH/s. It has an optional donation — fee — that defaults to 1% but can be reduced to zero if you prefer. Flexpool has garnered a lot of attention from the mining community in a short period for being extremely transparent and bringing more profit to miners. Joining a smaller pool is also very healthy for the network as it promotes decentralization.

A key difference between Ethermine and Flexpool is that Flexpool doesn’t compromise block efficiency to avoid transaction fees when sending you Ethereum. This means, however, that you have to mine more Ethereum to compensate for gas fees on Flexpool before you are making a higher profit than with Ethermine.

If you have a powerful mining operation, Flexpool is a fantastic option; it won’t take long before you are making up to 5% more with Flexpool as long as your minimum payout is close to 0.2 ETH. In some ways Ethermine lowers the profits of the big players and makes mining more profitable for small players. If you have a lot of hash power, it would be better to use Flexpool and set your minimum payout to 0.2 ETH or higher.

If you are willing to get paid out less often, Flexpool can also make sense for smaller miners. You just have to wait until you accumulate enough Ether to offset the cost of the transaction fees.

Sparkpool

Sparkpool currently has the highest Hashrate of any Ethereum pool on Earth. High hashrate translates to more consistent payout amounts since the pool is very likely to solve blocks every day. However joining the largest pools contributes to increasing centrality. Since Sparkpool doesn’t offer me much to switch from Ethermine, I would personally rather continue using Ethermine or consider Flexpool.

So we have picked a pool to mine with, now we just need to choose the right application to actually facilitate the mining. I have again picked my top three to keep it simple. Some miners work better with different GPU’s, even the same GPU from a different manufacturer may have performance differences between miners; since I only have a 3080 FE right now I can mostly comment on relative performance on this 30 series card and use information I have gathered from friends and forums. Don’t be afraid to download a couple and compare performance yourself.

T-Rex — Fastest for Nvidia

T-Rex is currently the best miner for Nvidia graphics cards. If you are using an Nvidia GPU then this is the miner you should be using. Many cards benefit from T-Rex’s optimizations, but 10 and 30 series cards seem to have the biggest gains. I have a friend who still gets a 7–10% performance increase on a rig with three 1080 ti’s, which are not new cards by any means.

T-Rex is a closed source miner that charges a 1% fee. This means that your performance boost from using T-Rex should net you at least 1% more Ethereum than a free option like Ethminer to be worth using. In many cases it does increase performance more than enough to compensate for the fee.

Team Red Miner — Fastest for AMD

Team Red Miner is built specifically for AMD GPU’s. It charges a 0.75% fee to mine Ether using a Polaris GPU and 1% for all other GPU’s. I can’t test its performance since I don’t have an AMD card, but I have heard it is worth trying. This test showed that Team Red Miner performed very well compared to the competition, so it would be a good one to try if you are on Team Red.

Ethminer — Solid Open Source Option

Ethminer is an open source miner that works reliably with both AMD and Nvidia GPUs. In general I prefer to use open source software since it offers increased transparency and benefits the community. In the crypto community there is a lot of value placed on open source solutions, after all the cryptocurrencies we are talking about are open source projects.

Ethminer is still not as fast as its competition on my 3080, but it remains popular for Nvidia and AMD cards alike. In general you will probably see slightly lower performance on Ethminer, but it is a safe and reliable option that has no fees to use.

Notable Mention

  • GMiner
    Gminer is supposed to be very fast on Nvidia GPU’s. I just haven’t gotten to experiment much with it yet and there is not a ton of feedback about it online. This review I linked for Team Red Miner shows GMiner’s performance was excellent on Nvidia GPU’s. I will be doing more long term testing with it this month and comparing it with T-Rex.

Install Miner

Once you pick a mining application, go ahead and download it. Then extract it to a folder in an easy to find place on your computer, like your “Documents” folder.

Start Mining

Open “Command Prompt” on windows or “Terminal” on Linux. Then use the following syntax to navigate to your miner. In Command Prompt/Terminal, “cd” stands for change directory.

cd Documents/<miner_folder>

Now you should see you have moved into the folder that contains your mining application.

To start mining, we need to construct a command that tells the miner what pool to connect to and your wallet address and username for the pool. This example below is using T-Rex as the miner and Ethermine as the pool. Each miner has its own syntax, but they are all quite similar; I will make sure to link each miner’s documentation at the end. I have also used the Western United States as the region, but make sure to choose the server closest to your location.

t-rex.exe -a ethash -o stratum+tcp://us2.ethermine.org:4444 -u <ETH_WALLET_ADDRESS> -p x -w <ANY_USERNAME>

Here we are simply telling T-Rex that we want to mine Ethereum using the ethash algorithm using the Ethermine pool. Then we pass the information that Ethermine needs to keep track of my earnings: my Ethereum wallet address and my machine’s username.

You’ll notice using Flexpool as the pool doesn’t change the syntax much:

t-rex.exe -a ethash -o stratum+ssl://eth-us-west.flexpool.io:5555 -u <ETH_WALLET_ADDRESS> -p x -w <ANY_USERNAME>

Or if we wanted to mine on Flexpool using Team Red Miner:

teamredminer.exe -a ethash -o stratum+ssl://eth-us-west.flexpool.io:5555 -u <ETH_WALLET_ADDRESS>.<ANY_USERNAME> -p x --eth_stratum ethproxy

Note: These commands are formatted for Windows, not Linux. In order to use Linux, simply drop the “.exe” since Linux doesn’t use “.exe” executables.

Mining is a complex topic. Fully understanding mining requires a relatively strong understanding of how blockchain and the proof of work consensus protocol function. Hopefully the information in this post has helped you understand how to mine Ethereum with a pool. With a pool you will save on fees that NiceHash charges and get paid in Ethereum, which is in a strong position with the London hard fork set to occur in July.

Stay tuned for updates on the impacts EIP-1559 will have on mining. Ethereum is in an exciting time of it’s update cycle. It may be controversial, but with reduced transaction fees the network should see new levels of success.

Disclaimer: I am not a financial advisor. The content in this post is meant to share my personal research and opinions with the community. Nothing I say here is intended to be taken as financial advise.

Sours: https://levelup.gitconnected.com/increase-profits-by-mining-ethereum-with-pools-83eeef62b366

It’s super easy to get started mining, but the difference between just firing up a miner vs taking the time and care to optimize your mining setup can give you a significant increase, 20-40% in some cases.

For example my GTX1060’s mine stock around 250MH/s on Skein. With a little tweaking, they can comfortably sit at 350MH/s! Quite the improvement!

There’s a few main things that will improve / hinder your hashrate:

  1. GPU warmth – Some with throttle themselves automatically around certain thermal limits
  2. Mining software – They’re not all created equally, some have certain hash algorithm improvements
  3. Overclocking – wring every last little bit of performance out of your card

Lets take a look at them all in turn.

GPU Warmth

First things first, the cooler your cards run, the better for a number of reasons. They won’t thermal throttle, they’ll last longer, fans are less likely to seize, you’ll have an easier time cooling the room they’re in etc

The thermal throttling is a big one, you can lose close to 10% this way as temperature increases. If you’ve got a bunch of GPU’s stacked together, make sure there’s a fan blowing the warm air away from them, and also ensure the ambient temperature of the room itself is nice and cool too.

Mining Software

The standard ccminer by tpruvot works just fine, however depending on what you’re mining you may find alternatives such as sp-MOD improve your hashrate, or Alexis78’s ccminer.

Do tests with them all, you’ll be able to get a good reading on the hashrate after approx 30-60 seconds. Then just stop your miner, swap it out for another executable, and try the next one. I found that by using sp-MOD vs tpruvot’s I was able to get approx a 25-30% improvement. Then comparing Alexis78 vs sp-MOD, again I got around a 3% improvement.

It doesn’t sound like much, but, over 100x GPU’s over 3 months time, that’s basically 3x free days I’ve got myself by changing the mining software.

Download links for all of these can be found on the “Links” page here on DigiByteGuide.

Overclocking

The hashing algorithms used by DigiByte that you’ll be mining with your GPU, Skein and Groestl, both do a lot of computation on the GPU. They send very little over the PCI-express connection, so even a 1x PCI-express connector will sit mostly idle even going to the likes of a GTX1080Ti, so don’t worry too much there about the connection.

What you mostly want to focus on will be the “Core” speeds. Unlike, say, Ethereum, which is all about the Memory speed, that’s basically unused by comparison to the Core speed of your GPU.

For example a GTX1060, I have safely got the Core at +200 (For both my Windforce and OC Edition Gigabyte GTX1060’s), while leaving the Memory alone (Though some people prefer to decrease that value it shouldn’t really have any effect), and finally adjusting the power limit to the GPU. By going to 106%, my GTX1060 can sit around 80 degrees in a rig and run at 360MH/s.
By contrast when decreasing the voltage to the GPU and setting the Power Limit to 85%, it’ll sit down at 335MH/s, temperature a little shy of 20 degrees cooler, and I’m saving 20% on my power consumption, for a hit of around 6-7% on performance.
However, the stability of running it cooler certainly offsets a bit of that, the cards will just “keep on ticking” when running under 65 degrees at 85% power limit.

My GTX1080Ti prefers to sit around +150 for the core when set to 90% power limit and it’s pretty happy. However my GTX1080 isn’t using nice Samsung RAM (Check yours with GPU-Z), and so it only likes running at +100 Core speed.

Have a really good play around, try a bunch of different settings using MSI Afterburner and see how you go. See if you can increase the power limit to 105% and max out your cards, but, keep in mind stability and peace-of-mind is likely more valuable than 1% performance difference.

Sours: https://www.digibyteguide.com/mining/improving-your-hashrate/
  1. Amador farmers market
  2. Pua unresolved issues reddit
  3. Laptop not switching on
  4. Face id keeps saying move iphone a little lower

NiceHash Review and Tutorial 2021

InstrumentsCrypto
Demo AccountYes
Min. Deposit€1
Payment MethodsBitcoin Payments
Min. Trade0.0001BTC, 1USDT
Regulated ByBVIFSC
MetaTrader 4No
MetaTrader 5No
cTraderNo
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsiOS & Android
Margin TradingNo
Auto TradingNo
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
Account
Currencies
EUR
Cryptocurrency

NiceHash marketplace supports trading in over 40 cryptocurrency pairs against Bitcoin and Tether.

SpreadVariable
CoinsBTC, USDT, LTC, XRP, ETH, USDC, RVN, DOGE, BCH, 1INCH, XLM, DASH, XMR, AERGO, FTM, BTG, LINK, ZEC, MATIC, SUSHI, HOT, NEXO, UNI, MTL, MITH, GTO, PPT, EOS, AOA, POWR, AAVE, CHZ, ZRX, LOOM, POLY, DATA, RDN, YFI, KEY, AST, OCEAN, LBA, REP, SXP, BAND, BNT, WBTC, FET, OMG, CRV, CVC, MKR, ELF, STORJ, KNC, ANT

Risk Warning – Your capital is at risk

NiceHash is a DeFi software exchange that supports crypto mining and hosts a hash power marketplace. This review will cover the concept of building a NiceHash mining rig, how to withdraw funds, the popular Bitcoin and Ethereum mining methods, suitable GPU settings, QuickMiner vs Miner, how to join a pool and more.

NiceHash Headlines

NiceHash Ltd was founded in 2014. Today, the platform has more than 250,000 active miners. It plays an important role in the cryptocurrency environment, providing new coin creation and transaction validation on several blockchains. The company has attracted the interest of crypto enthusiasts across the world thanks to its low fees and ease of use, making it suitable for new and existing investors.NiceHash Increase Hashrate Drop

The company strives to create and develop next-generation tools and algorithms for cryptocurrency miners and traders with the best possible user experience and security.

NiceHash Explained

NiceHash is a crypto mining pool, hash power marketplace and cryptocurrency exchange. Hash power is a measure of a computer’s ability to solve crypto proof-of-work algorithms that validate blockchain transactions.

Cryptocurrency Mining

Mining cryptocurrency is a way to utilise computer processing power to generate profits from digital tokens. It refers to confirming transactions on the blockchain, therefore securing the decentralised network and ensuring all transactions are legitimate. NiceHash provides miners with algorithms and software that they can use to leverage their computer’s hardware to validate transactions themselves. Successful mining operations are rewarded with Bitcoin tokens.

Hashing Buyers

There are several options when it comes to mining cryptocurrencies, from building a mining rig (expensive) to simply ordering the hashing power required. Buyers participate in an open marketplace where you can select the cryptocurrency to mine, a pool on which to mine, set a willing payment price and place the order.

Users can purchase from any pricing algorithm supported. NiceHash currently offers 30+ different algorithms, including ZHash, ERGO, Scrypt and Kawpow. Orders are fulfilled by NiceHash Miner Legacy miners. Buyers are not required to run complex operations or invest in hardware.

Hashing Sellers

Sellers or miners can run NiceHash software and connect hardware (ASICs) or PCs to stratum servers to access buyer’s orders. Hashing power is forwarded to the pool chosen by the buyer. For each valid share submitted, buyers get paid in Bitcoins for the price that is determined by the current weighted average, which is refreshed every minute.

The NiceHash service currently operates servers in Amsterdam, Japan, San Jose, Chennai and Sao Paulo. You should select the server location closest to you for the best performance, though you can easily change algorithm selections or server locations. The whole process is automatic so complex technical skills are not required.

Trading Platform

NiceHash XMRig Config Login

There are three miner systems available, each created with simplicity in mind. None of the systems require a deep technical knowledge of cryptocurrency mining and each solution comes with an intuitive user interface.

Buyers select the algorithm and speed, while users or miners fulfil orders by mining/hashing (providing the computer power to the network). A NiceHash comparison table is available to compare which miner you should use.

NiceHash QuickMiner

The most secure and easy-to-use miner. This is recommended for NVIDIA drivers like Jetson Nano. It also supports Intel mining and AMD CPUs. Features include:

  • Automatic updates
  • Game Mode overclocks
  • Auto location picker based on share latency
  • OCtune allows users to use other overclocking methods
  • Auto-recovery to keep on mining even after drive crashes or issues
  • Autotune the best core clock for memory to lower power consumption
  • Changes memory timings on 1000 series GPU’s and increase performance up to 50%
  • Improves stability with Message Signalled Interrupts (MSI), though this is disabled as default

NiceHash Miner

Utilises third party miners for automatic algorithm switching. It is available to use via all major web browsers or to download to iOS and Android devices. Features include:

  • Access to Rig Manager
  • Start mining with one click
  • Control all devices from one interface
  • A simple dashboard with a clear information overview
  • Access the best plugins available to install third party miners
  • Precise benchmarking to determine the most profitable algorithms

Set up of NiceHash Miner and Quick Miner is simple. Users are directed to the GitHub page to download the miner installer or zip version with password protection.

You may need to whitelist whichever mining tool you use on your antivirus software as there are often issues with crypto mining tools being blocked.

NiceHash OS

NiceHash OS is a system that loads directly from a USB flash drive and runs from computer memory. It is free to use and allows users to connect an unlimited number of mining rigs. Pricing comparison vs alternative competitors like HiveOS is impressive, with many using a monthly payment scheme per number of rigs.

Required computer operating systems for use include Mac OS, Windows and Linux. Users must simply create a bootable USB flash drive with the NiceHash OS Flash Tool. Benefits include:

  • Automatic updates
  • Access to Rig Manager
  • Infinite rigs with no cost
  • Easy to navigate rig statistics page
  • View rig history & projected statistics
  • Installs in less than 10 seconds directly from a USB

NiceHash Exchange

As well as three mining systems, NiceHash offers a crypto exchange platform called TradeView. Clients can deposit crypto such as ZCash or fiat like Euro (EUR) to make trades. This eliminates the need to transfer funds to alternative exchanges such as Binance to begin mining, reducing the sometimes costly blockchain transfer fee requirements.

NiceHash 6 or 8 Digit Backup Code

NiceHash exchange supports trading with more than 50 cryptocurrency cross pairs, including XMR/BTC, BTC/USDT, ETH/BTC and XRP/USDC.

Fees

NiceHash exchange has a simple maker and taker fee structure that depends on lifetime trading volume. Maximum exchange fees begin at 0.5% maker and taker charges for traders up to €1,000, which reduce to 0.01% maker and 0.03% taker fees at the highest trading volume level.

Fiat currency exchange fees are also applied at a rate of €1.45 for EUR to BTC and BTC to EUR exchanges from €25 to €100. Exchanges between currencies worth more than €100 will incur a 1.45% fee.

There are no fixed subscription plans at NiceHash but service fees apply to buy or sell hashing power.

Buying

  • Non-refundable new order fee – 0.00001 BTC
  • Amount spent on orders for buying hash power – 3%

Selling

Fees apply for miners using NiceHash Miner, NHOS, Custom NiceHash Firmware or NiceHash stratum servers. Payouts are executed every four hours if your unpaid balance is at least 1000 Satoshis. Otherwise, unpaid balances are paid every eight hours via the payout in progress Pay Per Share scheme.

  • Payouts to NiceHash wallet – 2%
  • Payouts to external wallet less than 0.1 tokens – 5%
  • Payouts to external wallet more than 0.1 tokens – 3%

Mobile App

The exchange offers the mobile NiceHash application available for free download to iOS and Android devices. This app allows clients to access their NiceHash account and manage transactions while on the go. Mobile dashboard interfaces include:

  • Wallet – deposit & withdraw, view transactions
  • User Profile – manage and amend personal details
  • Rig Manager – manage mining rigs and monitor your status
  • Notifications – enable push notifications to receive real-time information
  • Hash-Power Marketplace – place new orders, check the status of current orders or cancel existing orders

This is good to see vs alternatives such as T-Rex and Honeyminer, though Minerstat and Titan do currently offer similar mobile applications.

Payments

Deposits

Deposits can be actioned via your NiceHash primary wallet address, which is created upon account opening. Fiat currencies, except for the Euro, are not accepted to fund trading accounts. The minimum deposit amount is €1 and users must have a national document from supported countries to add a EUR bank account to a wallet. This includes the UK, Germany and France.

Deposits to a NiceHash wallet are subject to the following fees.

  • Euro (EUR) – no fee for deposits over €1
  • Litecoin (LTC) – more than 0.003 LTC incurs no charge, less than 0.003 LTC incurs a 0.001 fee
  • Ethereum (ETC) – more than 0.0009 ETH incurs no charge, less than 0.0009 ETH incurs a 0.0003 fee
  • Bitcoin (BTC) – more than 0.0005 BTC incurs no charge, between 0.00001 and 0.0005 BTC incurs a 0.00001 fee

Remember, cryptocurrency transactions to the wrong address are irreversible!

Withdrawals

Removal of funds from a NiceHash account is subject to a withdrawal fee. Minimum withdrawal amounts and processing times vary by cryptocurrency. You may also withdraw to a bank account in Euros at no charge. Withdrawal options include over 40 coins, including:

  • Euro (EUR) – to a bank account, minimum €10, no fee
  • Litecoin (LTC) – to any LTC wallet, minimum 0.01 LTC, 0.00001 LTC fee
  • Ethereum (ETH) – to any Ethereum wallet, minimum 0.01 ETH, 0.00523367 ETH fee
  • Bitcoin (BTC) – withdraw to any BTC wallet, minimum 0.001 BTC, 0.000001 BTC fee or more based on blockchain conditions. Free via Lightning Network or to Coinbase

Internal NiceHash wallet transfer of funds will be executed via the local blockchain, subject to applicable fees. Connection to the NiceHash lightning wallet network node comes with no fees for Bitcoin (BTC) transactions. This applies to both deposits and withdrawals.

Demo Account

NiceHash offers a free demo tool called QuickMiner. No registration is needed for the try-out version, which enables users to get a basic idea of the miner’s experience. This is advantageous vs unMineable, BetterHash and Ethermine, who only host demo tutorials. The NiceHash demo download is currently only available to Windows users. Look out for the latest platform news for game mode settings potentially being released in the future for Mac devices.

Promotions

At the time of writing, there were no live promotions or financial incentive programmes. NiceHash however does run a referral scheme. Simply refer a new customer and receive 5% of the revenue share. This is an ongoing programme so you can continue to receive pay-out from referrals indefinitely.

Regulation

NiceHash is registered under the laws of the British Virgin Islands and operates across many global jurisdictions, including the UK, Poland, France and Greece. Regulation is limited due to the nature of the cryptocurrency market. CoinGecko and Reddit reviews suggest that the service is reasonably safe with a secure platform for all crypto mining and trading needs.

Remember, you are responsible for personal tax compliance on profits made via mining.

Additional Features

There are several guides and much forum content available to make your NiceHash journey straightforward. This includes how to use the NiceHash marketplace, current pricing and algorithms and lists of all compatible pools with fee information and reward systems. Several educational videos can also be found on the YouTube channel. Covered topics include using zombie mode and NiceHash OS features.

The NiceHash blog is a good page to refer to throughout your mining experience for the latest update information and service efficiency issues. Information can also be found regarding how to increase virtual memory and reduce mh/s hash rate drops, reasons that cryptocurrencies like XLM, XMR and BTC withdrawals are currently disabled, API documentation, Windows defender interference and why the service may not be detecting GPU settings.

A comprehensive support page is also available on the website. This is a go-to platform for issues on account settings, including if your profile keeps crashing or logging you out. Other topics include how to rig offline, transfer funds to a wallet, accepted or rejected speed and the failed benchmark error.

Profitability Calculator

The platform integrates a GPU/CPU and ASIC mining profitability calculator to check or compare the potential earnings of hardware. The estimator allows users to view service gains or profitability drop indicators over a 1 day, 1 week, or 1 month timeline. A Stratum Generator allows users to direct hash-power to NiceHash via 3rd party miners, ASIC machines or other mining software. Simply search by the desired algorithm and closest location.

Private EndPoint Solution

The NiceHash private endpoint solution is a network interface that connects users securely to Stratum servers using a private IP address. This avoids the latency caused by DDOS protection. It is suitable for medium to large mining farms from €200 per month per location.

Getting Started

Account registration is required before you can begin using NiceHash services. Select ‘Get Started’ via the website and provide personal details like an email address and password. It is free to sign up and create an account. Once your account has been verified, you can log in and view the NiceHash dashboard for mining status, my wallets and recent activity.

Benefits

  • Referral programme
  • Easy to use mining software
  • Payouts as low as 0.001 BTC
  • Earn Bitcoins for every share
  • Integrated exchange platform
  • QuickMiner demo account available
  • Trade cryptocurrencies from within the platform
  • Additional security features are available to add to accounts
  • Maker and taker exchange fee structure with clear organisation by trading volume

Drawbacks

  • Limited customer contact options
  • Miners can only receive payment in Bitcoin
  • Not available in all global jurisdictions due to legal reasons
  • Withdrawal and deposit fees applicable for some currencies and minimum values

Trading Hours

As with all cryptocurrency trading, NiceHash Miner, QuickMiner and NiceHash OS mining are available 24/7. Algorithms are managed by software tools that will ensure the most profitable coin is being mined during the active period, even when mining farms are unmanaged. You will require optimal mining settings to reduce the likelihood of failing hardware, this includes accepted fan speed, low-temperature settings and overclock failures.

Contact Details

NiceHash customer support is not particularly conventional. Traders are directed to self-help FAQ pages split by categories; general help, mining, exchange help and hash power. Utilise these methods for specific details on why mining a mining rig keeps stopping, hardware (HW) error logged, or how to understand a hotspot sensor temp. Alternative contact options include Twitter, Discord and GitHub. There are no email or telephone contact details.

Security

NiceHash offers a reasonably safe trading environment, with various limits and restrictions that can be added to account settings. 2-factor authentication (2FA) can be enabled during account setup as an additional security step when logging in, withdrawing funds or placing orders. An eight-digit backup code can be used in the case of 2FA not working or if you have forgotten the six-digit Google authenticator code. Traders may also use the Yubico OTP device, a one-use, encrypted password. Tutorial videos are available to install.

All mining activity through NiceHash is anonymous. Know Your Customer (KYC) is not mandatory but is recommended to further secure an account. Ensure you download software from trusted sources to your install location.

In 2017, the service experienced a security hack that damaged its established reputation. Fortunately, the founder confirmed that all users affected by the breach had been fully reimbursed.

NiceHash Verdict

The NiceHash service is a great example of an easy-to-use platform introducing beginners to the environment of cryptocurrency mining. With automation, a fair pricing structure and an integrated exchange service, NiceHash offer a comprehensive experience. We would recommend utilising all available security protocols and withdrawing funds as often as possible to ensure the safest experience.

FAQs

What Is NiceHash OCTune?

NiceHash OCTune is a web-based interface that communicates with NiceHash QuickMiner. OCTune is used to modify clocking, fan profiles, memory timings, voltage and more.

NiceHash Is Indicating An Error During Benchmark, Why Is This?

A benchmark error is a message that NiceHash Miner shows when it cannot benchmark or has no available algorithms. Reasons may include a job clean in progress, illegal memory access was encountered or a GPU/CPU error.

What Is The Difference Between NiceHash Miner Vs QuickMiner?

NiceHash Miner is software that lets you connect your device to the hash power marketplace to rent your computing power, using third party miners and plugins like Z-Enemy. NiceHash QuickMiner integrates the hash power marketplace and the company’s own Excavator mining tool to maximise profit potential. Excavator reached speeds in Daggerhashimoto comparable to many other miners that have expensive developer fees. All these tools are easy to use with no technical understanding so you don’t have to worry about mining systems not working, status errors or no compatible devices found. NiceHash QuickMiner is only useable with NVidia graphics cards.

What Is The Difference Between NiceHash Local Vs Actual Profitability?

NiceHash actual vs local profitability refers to the online dashboard display. Actual profitability is based on the number of shares submitted in a certain period. Local profitability is based on the hashing speed of your miner. Low profit will relate to a decreased value of Bitcoin in the global market.

Why Does NiceHash Only Pay Miners In Bitcoin?

Put simply, miners at NiceHash get paid in Bitcoins because buyers place orders in Bitcoins. There is a direct transfer from the buyer to the seller (miner). There are currently no plans to open a marketplace when buyers can purchase hash-power with any other cryptocurrency and you will see an invalid wallet request message for any attempts. This includes trying to get paid in Ethereum (ETH).

My NiceHash Account Has Rejected Shares With A Job Not Found Error Message, Why Is This?

Many factors can cause this error, including network latency to the server or chosen miner software. Troubleshooting can be carried out by exploring the NiceHas support site or forums.

Accepted Countries

NiceHash accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Alternatives to NiceHash

If you are looking for alternatives to NiceHash we have compiled a list of the top 5 brokers that are similar to NiceHash below. This list of brokers like NiceHash is in order of similarity and only includes companies that accept traders from your location.

  1. OKEx – OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
  2. Bitfinex – Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
  3. Paxful – Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
  4. NordFX – NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
  5. Ayondo – Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.

NiceHash vs Other Brokers

Compare NiceHash with any other broker by selecting the other broker below.

Sours: https://www.daytrading.com/nicehash
How to Increase Mining Hashrate (MH/S) - Double Your Mining Speed - DOGE Coin

nicehash.png

What Will I Learn?

In this tutorial I will explain step by step how to find the best location near you by using your command prompt.

  • General Rule
  • Test NiceHash Servers

Requirements

  • Windows 10, 8.1 , 7
  • Command line
  • NiceHash v2 or legacy

Difficulty

The general rule to pick a server

  • .eu stratum servers if your hardware is located in Europe, Russia, North Africa, Middle East and other regions near Europe.
in the following map shows this at the nearest point

Sketch.png

  • .usa stratum servers if your hardware is located in the US, Australia, Canada and other regions near the US.
in the following map shows this at the nearest point

Sketch1.png

  • .hk (Hong Kong), .jp (Japan, Tokyo), .in (India, Chennai)
in the following map shows this at the nearest point

Sketch2.png

Install Telnet client

Use search Turn Windows features off or on

Sketch0.png

or by the following steps:

  • Click Start, and then click Control Panel.

  • On the Control Panel Home page, click Programs.

  • In the Programs and Features section, click Turn Windows features on or off.

  • If the User Account Control dialog box appears, confirm that the action it displays is what you want, and then click Continue.

  • In the Windows Features list, select Telnet Client, and then click OK.
    00.png

Run this command for each NiceHash stratum server location:

Replace SERVER with each of the NiceHash stratum server locations, see below:

  • speedtest.usa.nicehash.com
  • speedtest.eu.nicehash.com
  • speedtest.hk.nicehash.com
  • speedtest.jp.nicehash.com
  • speedtest.in.nicehash.com
  • speedtest.br.nicehash.com

For example:

11.png

After all the tests are finished.
the results with Minimum = X ms, Maximum = Y ms, Average = Z ms
latency (or min/avg/max/mdev = X/Y/Z/W ms).
You are looking for Average or avg number.
Pick the location for which the test gives you the lowest Average or avg number of ms.

Example:

Please note that, due to additional proxification for some locations, you have to add additional milliseconds to your results when comparing to .eu and .usa:

  • 150ms for .hk

  • 100ms for .jp

  • 200ms for .in

  • 180ms for .br

  • Note: important that you receive 0% packet loss in the ping results.

If you get a significant packet loss for a particular location, it might be wiser to choose a location with slightly higher ms results, but with lower or zero packet loss. Since Internet network connectivity for your location might fluctuate in terms of stability during various periods of day.

.eu = 105ms AVG
.usa = 250ms AVG
.hk = 45ms AVG + 155ms = 195ms AVG
.jp = 60ms AVG + 99ms = 159ms AVG
.in = 101ms AVG + 202ms = 303ms AVG
.br = 71ms AVG + 181ms = 252ms AVG

In this case you would choose .eu stratum servers.

It's recommended to run this test on various periods of the day.
That's it.

Previous Tutorials


Images has been taken/created by @Jinzo for an open source project. Some Images has been taken from Google Maps and edited by @Jinzo.

Posted on Utopian.io - Rewarding Open Source Contributors
Sours: https://steemit.com/utopian-io/@jinzo/how-to-find-the-best-stratum-server-for-nicehash

Speed nicehash accepted

.

NiceHash explained - Hashing speed, accepted, rejected speed and shares

.

Now discussing:

.



117 118 119 120 121