Insane Nicehash Payout Target (for External Wallets)

hat · Jan 15, 2018

I recieved my first payment since Nicehash came back online. It was for roughly .011BTC or $150. That said, there's no clear payment target at all right now. When I check the same page I pulled the info from in the first post, next payout just says unknown... they're basically saying they'll pay when blockchain conditions allow it. I'm guessing it probably has to do with high transaction fees. They would do well to offer some altcoin payments. Nothing too exotic, but something that's not as tough to work with as BTC. Litecoin comes to mind... at least for small miners like myself.

trog100 · Jan 15, 2018

hat said:
I recieved my first payment since Nicehash came back online. It was for roughly .011BTC or $150. That said, there's no clear payment target at all right now. When I check the same page I pulled the info from in the first post, next payout just says unknown... they're basically saying they'll pay when blockchain conditions allow it. I'm guessing it probably has to do with high transaction fees. They would do well to offer some altcoin payments. Nothing too exotic, but something that's not as tough to work with as BTC. Litecoin comes to mind... at least for small miners like myself.

they are probably working on it but i would guess offering payouts in other coins is quite complicated for them to put into practice.. from what i read the bitcoin system is short of miners.. the chinese government is trying to put them out business by cutting off their cheap leccy supply.. bitcoin transactions need miners..

trog

hat · Jan 15, 2018

Nobody on nicehash mines btc far as I know, they just use btc for payments.

trog100 · Jan 15, 2018

hat said:
Nobody on nicehash mines btc far as I know, they just use btc for payments.

using bitcoin for payments is the problem.. its got nothing to do with what nicehash mines just what they pay out in and large chinese mining farms which are having problems because of government pressure.. the mining farms are ether having to relocate to more friendly climes or pay much more for their state subsidized electricity.. ether way bitcoin transaction fees are being forced up..

R-T-B · Jan 16, 2018

trog100 said:
using bitcoin for payments is the problem.. its got nothing to do with what nicehash mines just what they pay out in and large chinese mining farms which are having problems because of government pressure.. the mining farms are ether having to relocate to more friendly climes or pay much more for their state subsidized electricity.. ether way bitcoin transaction fees are being forced up..

It actually has almost nothing to do with miners (bitcoin would adapt to that at the two week block diff retarget) and everything to do with the bitcoin devs refusal to up block size...

Remember bitcoin cash? It was born out of this refusal, and you can send small amounts easily with it. Transactions are around 10 cents each.

yotano211 · Jan 16, 2018

R-T-B said:
It actually has almost nothing to do with miners (bitcoin would adapt to that at the two week block diff retarget) and everything to do with the bitcoin devs refusal to up block size...

Remember bitcoin cash? It was born out of this refusal, and you can send small amounts easily with it. Transactions are around 10 cents each.

I guess the big time miners like the btc fees too much is what is keep hearing.

R-T-B · Jan 16, 2018

yotano211 said:
I guess the big time miners like the btc fees too much is what is keep hearing.

Considering block reward is dropping, bingo.

yotano211 · Jan 16, 2018

R-T-B said:
Considering block reward is dropping, bingo.

Doesnt that happen in another 2 more years?

trog100 · Jan 16, 2018

china is closing down the miners from what i read.. less competition equals higher fees.. they seem to be anti crypto in a big way..

an interesting article here..

http://bitcoinist.com/bitcoin-price-lunar-new-year-lows/

i converted ten of my litecoin into neo last night.. i now have 25 litecoin and 23 neo in my stash..

trog

R-T-B · Jan 16, 2018

yotano211 said:
Doesnt that happen in another 2 more years?

Happens every 2 years like clockwork IIRC. Point is there isn't much meat on the block reward anymore, and it is only getting worse.

trog100 said:
less competition equals higher fees..

because of how bitcoin targets a certain diff at a given time, no. There are manyother factors in play, not least of which is block size. The "china effect" on miners has nothing to do with it.

trog100 · Jan 16, 2018

the miners i am talking about are the large chinese farms.. they account for one hell of a lot of the overall mining power needed to shift bitcoin about.. hit them and it must have some effect.. but it aint worth arguing about..

what i am really wondering about is the huge overnight drop in all coin prices.. i read about south korea and china worries but its not new such talk has been around for a week or two..

if it aint showing signs of a big move upwards by the end of today i shall start to worry more.. he he

trog

silkstone · Jan 16, 2018

Market consolidation. What goes up ...

It's likely good for the market as it will weed out some of the weaker investors. I was expecting it to happen, I just didn't know when so I cashed out a bit a couple of weeks ago. I cashed out some more a few days later, but decided to place some short term bets. Bad decision, but it's no worse than had I hedl my original coin.

The next few days will be interesting. Hopefully, we'll see some sort of buy back and recovery, but I wouldn't be surprised to see some further corrections until the end of the month. Lunar new year is also approaching and I wouldn't be surprised if the markets are volatile for the months leading up to it and after, with people cashing out to have money to spend, but also making 'bets' in the hope of good fortune. I think that Korea, Japan and Vietnam make up around 1/2 of the crypto market.

verycharbroiled · Jan 16, 2018

trog100 said:
what i am really wondering about is the huge overnight drop in all coin prices.. i read about south korea and china worries but its not new such talk has been around for a week or two..

if it aint showing signs of a big move upwards by the end of today i shall start to worry more.. he he

damn dude "end of the day"??

jeez ive hodled through year long price declines. always paid off in the end. but then, i got in pretty early so its easy to sit back, watch the panic and enjoy the ride..

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Insane Nicehash Payout Target (for External Wallets)

hat

Enthusiast

trog100

hat

Enthusiast

trog100

R-T-B

yotano211

R-T-B

yotano211

trog100

R-T-B

trog100

silkstone

verycharbroiled

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