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nicehash has been down all day..

hat

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Wouldn't that require you to constantly be checking the profitability of various coins yourself all the time?
 

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Wouldn't that require you to constantly be checking the profitability of various coins yourself all the time?
Yes just like the old days.
 
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Wouldn't that require you to constantly be checking the profitability of various coins yourself all the time?

in theory yes but knowing that nicehash spent most of its time mining ether i just followed the same pattern with minergate..

so far it hasnt done me wrong.. two days mining ether has got me around 60 us dollars (30 dollars per day) which is good enough for me on my hardware..

mind you the £1400 quid i spent buying 21 litecoins over the last couple of weeks.. has got me £2500.. a nice £1100 profit (with no leccy bill) for a couple of weeks.. i do keep saying that mining aint the way to do it..

in fact the £2400 i have spent over the last four weeks buying some ether and litecoin is now at £4200 this morning.. litecoin being the star player.. :)

i have lost all my f-cking bitcoin but my other little stash is doing okay.. :)

trog

ps.. change the litecoin profit to £1300 or around 1700 in US dollars.. one litecoin now stands at £125 UK pounds.. i bought 21 of them total cost £1400 value now £2700..

ps 2.. a day later knock a few hundred quid off those figures.. they are following bitcoin down.. he he
 
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Agree, I will soon to be getting one of those nice USB hardware wallets.

smart move. i have a trezor and just ordered a ledger nano s (the nano supports more coins).

make sure you you can restore it with the seed words. initialize it, note a couple of the addys it generates, then wipe it. restore with the seed words and make sure its the same addys. you know youre good to go then even if you lose it. also use a passphrase (its like a 25th seed word). and make sure the seed words are SAFE. keep a few copies in secure locations just in case something happens.

btw the trezor and ledger are compatible with bip39. that means even if trezor and ledger go out of business you can use any bip39 software wallet to get your coins. (i think its bip39 and bip44? iow its safe no matter what)
 
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I am just going to say this once, I did nicehash because I felt lazy and profits fell into a range of acceptable. I have a decent hashrate myself, but those of you doing a lazy autopool idea really should just set a couple miners up and be ready to flip



This is a good bit more profitable than I could do elsewhere. Something like $130-160 a day.
What's that your using for eth atm mate?
 
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smart move. i have a trezor and just ordered a ledger nano s (the nano supports more coins).

make sure you you can restore it with the seed words. initialize it, note a couple of the addys it generates, then wipe it. restore with the seed words and make sure its the same addys. you know youre good to go then even if you lose it. also use a passphrase (its like a 25th seed word). and make sure the seed words are SAFE. keep a few copies in secure locations just in case something happens.

btw the trezor and ledger are compatible with bip39. that means even if trezor and ledger go out of business you can use any bip39 software wallet to get your coins. (i think its bip39 and bip44? iow its safe no matter what)
Thanks for the heads up.
I been looking at the Ledger Nano S actually.
 
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a follow up on my minergate experience.. the first two days looked okay at around 30 dollars per day a total of around 60 dollars.. the third day only added another 10 or so dollars to this.. ??

i am having trouble making a withdrawal to my ledger blue wallet from minergate.. its still saying "pending" with nothing showing up in my wallet.. how long it should take i dont know..

trog

ps.. something just popped up.. nah it cant be another f-cking hacking.. or can it.. he he he..

Dear miners! ETH withdrawals are temporarily disabled due to technical maintenance.
Our apologies for the inconvenience caused.
 
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a follow up on my minergate experience.. the first two days looked okay at around 30 dollars per day a total of around 60 dollars.. the third day only added another 10 or so dollars to this.. ??

i am having trouble making a withdrawal to my ledger blue wallet from minergate.. its still saying "pending" with nothing showing up in my wallet.. how long it should take i dont know..

trog

ps.. something just popped up.. nah it cant be another f-cking hacking.. or can it.. he he he..

Dear miners! ETH withdrawals are temporarily disabled due to technical maintenance.
Our apologies for the inconvenience caused.
I wouldnt use minergate.

Read toward the bottom of the review. They mined Monero and got much less than mining with a claymore mining program.
Yesterday night, I ran my laptop to mine with Monero to test it out for myself. I have a 1070 in my laptop. I ran minergate for about 3 hours, I didnt want to burn up my laptop's gpu so I stopped.
I checked online hash rates for a 1070 at stock sppeds, it looks like I was mining about 20-30% less than it should be.


Read more: MinerGate Review: Is It a Legit Mining Operation? | 99Bitcoins
 
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i just wanted something up and running quickly when nicehash went down..

i will read the review link and see what it says..

trog
 
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i just wanted something up and running quickly when nicehash went down..

i will read the review link and see what it says..

trog
I didnt mine with nicehash but I am kinda looking into more profitable coins. I only mine Ether right now, I am thinking of mining bitcoin gold. It seems to be about 30-40% more profitable.
The other reason for that is since I am getting more and more 1080s to mine with and they suck with Ether.
 
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i will give minergate a while to sort out its eth withdrawal issues before i pass final judgement.. :)

i am a hodler.. but i do need to recognize peaks and learn to sell.. i have a reluctance to sell when see things going up i need to learn to control that and f-cking sell..

simply by selling my litecoin or ether yesterday and buying it back today i could have made over £400 the ups and down are pretty easy to predict..

trog
 
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i will give minergate a while to sort out its eth withdrawal issues before i pass final judgement.. :)

i am a hodler.. but i do need to recognize peaks and learn to sell.. i have a reluctance to sell when see things going up i need to learn to control that and f-cking sell..

simply by selling my litecoin or ether yesterday and buying it back today i could have made over £400 the ups and down are pretty easy to predict..

trog
If you want to mine ether, I would go with claymore miner.

You can use nanopool to start up. The start up process is simple with nanopool.
https://nanopool.org/
 

cdawall

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Well... if they want to stay in this business, they'll have to do this. And do it ASAP because of BTC's volatility.

It's all down to the margin they had. Could they afford full insurance? How much capital have they built up?
Let's not forget this service got traction just half a year ago. It's not like they have huge reserves...
 

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It will not be easy to return 4700 bitcoins. They'll have to build it up and return it slowly, if they do it at all. I'd be okay if they didn't return anything... what do we expect them to do? Pay for it themselves out of their own pocket? I don't expect them to have that kind of personal stash. They're not Exxon. I think it's nice they plan on returning it somehow, but I expect it to take time and I'm okay with that.
 
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Well... if they want to stay in this business, they'll have to do this. And do it ASAP because of BTC's volatility.

It's all down to the margin they had. Could they afford full insurance? How much capital have they built up?
Let's not forget this service got traction just half a year ago. It's not like they have huge reserves...
New name same game done new company.


That's the easiest route this would be harder lets hope they had a massive litecoin stash.
Personally I would mine tomorrow for them but im only down £60 so im more sympathetic to their issues, if i were trog though i wouldn't be quite so understanding , hopefully they do this.
 
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i did read comment from one guy who is down about $20000 dollars with them.. he was buying hash power and not selling it though.. i think he lost 1.3 bitcoin.. i just lost 0.32 bitcoin.. just over three months mining..

i am now mining eth on minergate.. so far about $175 dollars which i cant withdraw.. it says pending.. :)

trog
 
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Minergate is absolutely terrible.
 
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Minergate is absolutely terrible.
When I mined with them for a few hours on one of my mining rigs, they had me mine monero coin very well known that ETH would have gotten me about 30% more profit.
 
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New name same game done new company.
Yeah, I'm also skeptical about the money return.

But I looked at some mining forums yesterday and an idea struck.
How many active members did nicehash really have? I mean people that did daily mining through that pool.
I used to think nicehash was a giant in this business. I though that $60m consists of hundreds of thousands accounts with small sums (accumulating for the next payout).
But it seems I was wrong. It seems that the actual number of users was pretty low - they just kept large sums in the nicehash wallet. Forums are full of people stating that they lost above 0.1 BTC, which - as biased as it might be - suggests that this could be an issue for just few thousands of clients, not dozens of them.

Nicehash died, but you can hardly see any difference in the hash rates (even on exotic cryptos). I expected them to drop significantly, because layman home miners (who just start the app and forget) would be temporarily cut off.
 
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Cooling Dark Rock TF air cooler.. Stock vga air coolers with case side fans to help cooling..
Memory 32 gb corsair vengeance 3200
Video Card(s) Palit Gaming Pro OC 2080TI
Storage 150 nvme boot drive partition.. 1T Sandisk sata.. 1T Transend sata.. 1T 970 evo nvme m 2..
Display(s) 27" Asus PG279Q ROG Swift 165Hrz Nvidia G-Sync, IPS.. 2560x1440..
Case Gigabyte mid-tower.. cheap and nothing special..
Audio Device(s) onboard sounds with stereo amp..
Power Supply EVGA 850 watt..
Mouse Logitech G700s
Keyboard Logitech K270
Software Win 10 pro..
Benchmark Scores Firestike 29500.. timepsy 14000..
When I mined with them for a few hours on one of my mining rigs, they had me mine monero coin very well known that ETH would have gotten me about 30% more profit.

i used minergate to get going quickly when nicehash went down.. i manually selected etherium and didnt smartmine..

the interface and the return seem okay the only problem being an attempt at a withdrawal is still sat on pending..

the eth network is overloaded with coinbase going down every so often and they stopped trading eth and litecoin yesterday so my withdrawal pending is probably connected with the general overload situation..

i assume "pending" means they havnt got around to doing it yet.. its logged in the withdrawal history.. just hasnt happened yet..

2017-12-09 20:24:27

0x882E65B9171f4A343ED0bA88d8F517da29D66205

0.124693281480488605

pending

trog

ps.. i did have look at using nanopool but could not figure out to generate the bloody bat file.. i know how to make one just not sure what to put in it.. he he

maybe someone doing a tutorial might help..

okay i have figured out nanopool its now running on my desktop machine.. using the claymore miner.. mining etherium.. i think directly to my ledger blue hardware wallet.. if that is possible.. so far nothing is showing up.. maybe it takes time.. dunno



trog

minergate update.. at least they have answer my query.. i take this as a positive sign.. :)


Hello,

Thank you for your query.
Ethereum withdrawals are temporarily disabled due to a technical maintenance. We are walking extra miles to complete it at shortest delays.
Please accept our deep apologies for inconvenience caused.

Best
Inge Solberg
MinerGate Support team

trog
 
Last edited:

hat

Enthusiast
Joined
Nov 20, 2006
Messages
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Location
Ohio
System Name Starlifter :: Dragonfly
Processor i7 2600k 4.4GHz :: Athlon II x4 630 3.5GHz
Motherboard ASUS P8P67 Pro :: GIgabyte GA-770T-USB3
Cooling Corsair H70 :: Thermaltake Big Typhoon
Memory 2x4GB DDR3 1866 :: 2x1GB DDR3 1333
Video Card(s) 2x PNY GTX1070 :: none
Storage Plextor M5s 128GB, 2x1TB Seagate 1TB RAID 0 :: Mushkin Enhanced 60GB SSD, WD RE3 1TB
Display(s) Acer P216HL HDMI :: None
Case Antec SOHO 1030B :: Old White Full Tower
Audio Device(s) Creative X-Fi Titanium Fatal1ty Pro - Bose Companion 2 Series III :: None
Power Supply FSP Hydro GE 550w :: something
Software Windows 10 Pro - Plex Server on Dragonfly
Benchmark Scores >9000
Is that working out for you yet trog?

Nicehash said they're close to being ready yesterday.
 
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