Nicehash profitability drop reddit Profitability Calculator You can estimate your potential mining earnings by entering your hashrate or devices. Has anyone actually ever been paid out using easy mining, before spending more than the reward? Sep 26, 2024 · User-Friendly Mining Software: NiceHash provides mining software that is easy to set up, making it ideal for beginners and experienced miners alike. The fact is that nobody can tell the future and in order to check how much your rig makes on average, you need to check the past profitability and guess the future profitability based on that. I just started with NiceHash maybe a week ago? And I'm getting about $2. For example, the SHA256 page currently shows that it is possible to purchase 1 PH (per day) for 0. Learn how to navigate cryptocurrency mining with user experiences and expert advice on NiceHash. Miners have seen a recent decline in profitability and the ETH difficulty bomb is among the reasons behind this drop. Now I'm lucky if I can meet the minimum Steadily, week over week, the profitability pay out has been gradually declining. So depending on coins being mine, 3060 TI, 3070 and 3070 TI is around that range. Currently running no OC. For those who have switched to pool mining, how is your profitability compared to nicehash? Giving your hardware specs and mining pool would be helpful. I mine with a 3070 and nothing has changed. I haven't Profitability calculator?? Let me preface with the fact that I get free electricity. Nothing overly worrying, hopefully it picks back up soon. So I turned on the profit switching and selected all the algorithms, but the only thing it seems to want to use is ETChash if it's selected as an algorithm option. 2080Ti Profit So i just installed Nicehash and got a good amount of profit from Nicehash. Mining Mona on the suprnova pool with 2x1060, 1070, 980ti, and 970 + zcash on rx580 and rx570. Hello, as bitcoin has dropped a lot in value recently, would you get less profit from nicehash? Or does it simply compensate… Is this drop in profitability due to an increase in mining difficulty or there is some other reason for this? Can I use some other miner that will give me better results? Also, I need not to worry about my electricity bill (thanks to solar), so whatever I make, that is a profit for me. Earn Bitcoin by connecting your… NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. I'm still mining at ~195 MH/s on my two computers. Archived post. The miners will find themselves switching between multiple coins. On the listed devices we have the highest possible hashrate achievable. Profitability going down, Check this before posting about your profits. Nicehash is a marketplace for hash power. 09 General Discussion NiceHash profitability tanking quickly? I was getting around . If suddenly all the 90% move to ravencoin the profitability will drop a lot right? So if everyone move to the next “profitable coin” the profitability will go down sharply of this said coin. :) Reply reply more replies more replies More replies [deleted] • Comment deleted by user Reply reply Changes in profitability - what is behind the recent pay rate bleed? : r/NiceHash r/NiceHash Current search is within r/NiceHash Remove r/NiceHash filter and expand search to all of Reddit NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. But the profits in 2021 were abnormally high, the return on investment was just about two or three months. Oct 19, 2024 · In the world of cryptocurrency mining, one platform has gained significant popularity – NiceHash. Even if you have higher hashrate than you had last year, your profitability is going to be lower than last year's. . In this section, we’ll look at the factors that influence profitability, discuss expert tips on hardware optimization, and discuss the best practices that experienced miners swear by. My profitability seems to be level all the time but it can often seem very high for the first half of the 4 hour cycle and drop dramatically the second half and vice versa so I'm always there or thereabouts getting the same earnings. Explore its profitability, security concerns, and community insights. annul the price of etherium rose, and the new kawpow algorithm also raised profits and I expect less profit. Let's say in nicehash program (adding all the rigs) it says $ 15 but they only pay me $ 7. The best thing about NiceHash is that NiceHash does that for you. If there are fewer (or smaller) orders on the marketplace the profitability goes down. I was getting a whole lot more coin mined with the old platform. Looking at a mining profit calculator it says a 4090 could reel in $5+ a day after electric cost, meaning it would pay itself off in 2 years or less depending on how much you use it for things outside of mining. Why does it swing so much? Profits look so much better on the mining rental platforms NiceHash and MiningRigRentals, then they do on the regular mining pools. Profitability fluctuates all the time because of the buyer's orders on the NiceHash hashrate marketplace. Then they overcorrected and hashrate marketplace was paying out even less. Then 1 day later the profit went down by 50% but bitcoin did not even drop 10%. It will start again when it becomes profitable. To keep it short, I was using the nicehash profit calculator for 2 weeks comparing and contrasting different miners. Hi! It is important to note that the calculator shows results for PAST mining profitability, not estimated future earnings. Checking whattomine, it seems like mining Eth and NH/Eth is usually pretty close to each other, although obviously direct mining tends to be more profitable. My system is well ventilated with 3 case fans, and liquid cooling by the NZXT Kraken Elite. Profitability calculator?? Let me preface with the fact that I get free electricity. Daily fiat mining volume drop The price drop indicates a lower total fiat daily mining volume. $2/day drop in a few minutes. 001 btc a day a few weeks ago now I’m getting around . The profitability had a huge drop today or I am having some problem? It was usually between 3700 and 4000 satoshi, now it is around 3000 (3060+3070+3080) : r/NiceHash NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. Because people buying hash rate took too long to react or were just hoping it was a flash crash and going back up. its free. The profitability dropped due to the drop in bitcoins price, went from around 60k to 50k NiceHash is working actively to provide better UX when it comes to actual profitability. Slightly confused by sudden drop in mining profitability in relation to difficulty increase on 14. I am thinking about getting another R9 290X off of Ebay - I've seen a few go for about $200, which, at the current rate, would pay itself off in about 2 months. If you use the search bar and look up "The Great NiceHash Profitability", you'll find a post from 3 years ago by t_3 that explains profitability nicely. For me, I was earning around $17/day with nicehash. NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. A total fiat daily mining volume is a sum of all block rewards in a day times the price of the currency. I have actually tracked every 4hr pay out because I wanted to get a solid weekly view for forecasting the date of full return, but then I noticed the pretty stark downward trend. However, at moment 90% of the user base mines ethereum and the other 10% ravencoin. 50 PH and AVG Network Hashrate DROP 889 TH/s AND THIS for hour time and longer. Is this a good idea? Or is profitability dropping so quickly now that it wouldn't be worth it. Let’s go over everything you need to know before diving right in. So I've stuck with that. After looking around more, I think what's happening is just plain old increased demand for randomx hashrate, driving up the price on these hashrate rental platforms. NiceHash saves you time, and time is money. Oct 12, 2022 · Often, our users are confused by the projected pay rate and actual payment they receive. Hi, did anyone notice profitability loss after updating to new excavator version? it looks like profitability decreased in 50%. So it gives accurate past profitability at NiceHash for whatever amount of hashrate your input. There are 4 things that you can do to increase profitability: Lower the power usage Lower your electricity price Use mining rig as a heater Choose Used nicehash for a year, love it for its convenience but have been curious about how much more you make mining directly. When profits go down many of you start asking how to increase profitability. I was averaging nearly $12/day combined on NiceHash. is Nicehash looking promising when installing it first time , and then al the sudden skimming of the top or something? Sorry if this is not true , but it looks like it. NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment… Same Hashrate, different profitability. I know there is some fluctuation in profitability, but with all the missing stats it is easy to wonder if something else is going on. Nicehash shows a mostly steady BTC payout for Equihash even though the hashing power for the Ethereum network has grown exponentially. 50 today. Nicehash is selling hashpower, when the demand for hash power increase for an algorithm the profitability for this algorithm increase, when the demand decrease or offer increase too much the profitability decrease. May 25, 2021 · In this guide, we are going to explain why this happens and how you are affected by it when mining (selling hash power) at NiceHash. Profitability has gone from ~6500 SAT per pay period to ~4800 SAT per pay period over the past few days. Hello, I am new to NiceHash and have recently started mining on my new gaming PC. I was wondering if anyone knows the best OC to run on my RTX 4070. A reasonable rule of thumb is to assume the profitability of any piece of hardware will drop by ~5% per month (or 45% per year, so in 1 year's time you'll be earning 55% of what you are today. Profits look so much better on the mining rental platforms NiceHash and MiningRigRentals, then they do on the regular mining pools. Now I had 2 days profitability decreased, falling back to "normal" or lets say average. Nov 8, 2024 · Discover what Reddit users are saying about NiceHash, the cryptocurrency mining platform. As more miners come online and currencies remain constant, the buying rate for hashing power should begin to drop since more hashing power will be required to mine the same reward amounts. It is completely normal for profitability to drop at this time! NiceHash is a hashpower marketplace, up until recently buyers were placing big orders for mining Ethereum - therefore keeping profits good for miners. Jan 26, 2022 · You can read why does mining profitability changes in this article where we took a look at the reasons behind the profitability drop. How is the profitability predicted so low for the t9+ with more hash power? You select "Display Net Profits" Your graphics cards and CPU all report power consumption *Note that your actual profitability will be a little lower, because NiceHash can only estimate profitability based on CPU and GPU power consumption. Yup. In this article, we Is nicehash planning for eth going proof of stake? Will profitability drop? Why can't buyers of hashrate mine bitcoin with all this hashpower? : r/NiceHash Scan this QR code to download the app now Or check it out in the app stores TOPICS Gaming Sports Business Crypto Television Celebrity RESOURCES POPULAR POSTS Copy link Copy NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. The point of the post is that no matter your profit margin, you will be MORE profitable on NiceHash. Nets me around $15/day. 143K subscribers in the NiceHash community. And at the end, instead of expected 5% more than NiceHash, you get 50% less than NiceHash. How is the profitability predicted so low for the t9+ with more hash power? NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. YMMV, tho! Reply eatdeath4 • Additional comment actions Why nicehash profit still so low , watching live ETH Difficulty drop today 12. I had records in profitability for like a week (end of the last month), normally earning around 3,2 EUR / 4 hours ended up between 4-5 EUR, sometimes even 5+. My payouts show a 20% drop also. 022 mBTC with the same Hashrate. Nicehash will use the most profitable algorithms for LHR cards. NiceHash is working actively to provide better UX when it comes to actual profitability. will it continue to drop this quickly? Profitability and load drop to zero after a few hours, but rig is still mining? NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. 50/day. Current estimated profitibility is around 2usd for a ryzen 9 7900x this morning. If buyers demand more hashrate, the profitability will go up. 5 TH/s) and I currently mine with my 5700xt GPU (averaging ~50 MH/s). My friends constantly push me to try pool mining via linux for better profitability and stability. 50 or $2. If you really want to drop a couple hundred and mine profitably that's the way to go IMHO. Before proceeding, we strongly recommend learning about how NiceHash works by watching this short video. The current hash rate of Bitcoin is My Profitability has decreased considerably in the past month. The rest of your system uses a little power too, and your CPU isn't 100% efficient. NiceHash is really nice with just about every ASIC except the iPollo G. In this article, I will try to explain what I believe will happen after The Merge and what will be the optimal mining solution for GPU miners after the merge. Hello, I'm new in this crypto mining stuff and today I observed that in a span of just a few minutes, my profitability dropped for 0. Also, renting hashrate can be fun. Yet there hasn't been any visible drastic as a drop in the value of bitcoin in the last few months to equate to why the new platform is doing so poorly. The higher amount of shares, the more "exact" your actual profitability is, but on the other side, it means massive load for NH infrastructure. 007. The profitability rate of nicehash goes from $3 to $7 randomly in a short period of time. I'm investigating the nicehash markets for a research project and wanted to double-check my primary conclusion. Anyone else notice a huge drop in profitability today? You can use the nicehash automated trading software, which exists for algo trading on their platform. profit drop. o move on nicehash? i have 500 MH . My local profitability dropped 20% on app after maintenance today. Let’s see what you can do to stay in the green. Dec 16, 2024 · In this NiceHash review, we give you what you need to know about the returns, competition and pros/cons. Anyone else experience anything similar? comments sorted by Best Top New Controversial Q&A Add a Comment Ok-Refrigerator-3244 • Additional comment actions NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. Everyone says that NiceHash isn't more profitable but from my very, very limited experience - something is either wrong with F2POOL estimates or this isn't going to be nearly as profitable as NiceHash. The amount of Bitcoin someone is willing to pay for the algorithm you’re mining will fluctuate, as well as the fluctuating price of Bitcoin against the USD. Feb 23, 2022 · The profits did drop by around 40% since the peak of the mining profitability in April/May of 2021. I haven't had good luck with the full NiceHash Miner and my LHR cards. That way, you can easily waste 50% or more of the "so shiny 5% more than NiceHash profitability". I stumbled upon the ipollo v1 mini se plus. The nicehash profitability calculator says the 3080 ti can do 80mh in eth at 220w but I can't come when close to that, only 60mh tops - has anyone got the listed 80 at 220w? If so, what are your settings? So I turned on the profit switching and selected all the algorithms, but the only thing it seems to want to use is ETChash if it's selected as an algorithm option. In particular, it appears that purchasing hash rate on nicehash is very far from profitable, at least for the most common PoW algorithms. Oct 22, 2019 · Mining profitability (total earnings - total costs) is changing all the time and miners know it’s a pure numbers game. This is completely dependent on the amount of shares your rig is sending. NiceHash is the leading platform for mining and trading cryptocurrencies. There will be more and more coins with similar profitability. The temp of my card has not fluctuated from 60°C more than ± 5°C. On NiceHash, you can set your electricity cost and have your rig stop mining automatically once it becomes unprofitable. My main gripe is that it seems like the new platform has about a 90-95% loss in profitability compared to what I made on the old platform. We would like to show you a description here but the site won’t allow us. How does it impact the Ethereum network and affect profitability? NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. However, with countless stories of hacks and scams circulating the internet, many potential users wonder if NiceHash is a safe and trustworthy option. The written facts are a bit of exaggeration when it comes to etherium, because it is more stable now than how it used to be few years back. Profit is dependent on how much your electricity costs, which is different everywhere. 142K subscribers in the NiceHash community. Noob here looking for qualitative opinions/info on statistically estimating wear and tear versus profit, parallel processing iterative priorities, and fan curve efficiency drop-offs The last 4 payouts have been smaller and the one this morning was extremely low even though my rigs were up all night (I had to add my own monitoring since NiceHash is broken). Now we have almost 40% drop in profitability from the average of last year -- Specially in the past two weeks it has been going down massively. I was looking at purchasing a ant miner t9+ (advertised around 10. Nicehash is still profitible on randomx even after the epyc cash halving. Using the Nicehash profitability calculator it shows that my profits would be triple if I'm using a different algorithm, like Kawpow, but it won't switch off ETChash. What the croock is going on? Thought the upwards momentum would calm down after the halving which it did for a day but seems to be going up again. Otherwise, invest in other ways. Long story short, disable in your miner blake2s and other algos you see switching in this manner. I just downloaded the latest QuickMiner with the 70%-ish unlock, and it's running pretty consistently for me. Used nicehash for a year, love it for its convenience but have been curious about how much more you make mining directly. I previously had no problem clearing $5/day and now I struggle to make over $3. 0195 BTC. Oct 2, 2023 · The goal of this article is to provide you with the necessary tools and knowledge to increase your NiceHash earnings. This means that in order to get a comparable number you will most likely require overclocking, enabling NiceHash - Platform for Mining and Trading Crypto! NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. There are 4 things that you can do to increase profitability: Lower the power usage Lower your electricity price Use mining rig as a heater Choose Was paying about 7-10/day on my 3070 and 1660ti and it dropped to $1. Sep 7, 2022 · The majority of GPU miners are probably asking themselves what will happen in the next couple of weeks when Ethereum moves from Proof of Work to Proof of Stake. Profitability Calculator: The platform includes tools like a profitability calculator that helps miners estimate their potential earnings based on their hardware. To shed some light on this question, we turned to Reddit, where users have openly shared their experiences with the platform. 60 a day mining with an R9 290X and an R7 260X. 12 votes, 56 comments. I have ASIC's ranging from "far worse than any video card" to "roughly 500 times as efficient as a 5700XT". Felt like more time was spent swapping between algorithms than actually mining. Nicehash briefly topped eth mining in profitability, but then drop to the biggest difference in cents per day between NH and direct eth mining in weeks. It still shows normal profitability on my computer. male dfjokwk iwcef lgmvho ilswsw btenhtho frqrm gjey codf kwfuqvz zhrr dbrs oqurr wjmpld oudx