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still no adjustment to my earning no mining share updated.. this is not good guess i lost $$ and a lesson learned.. no more mining on this site till i get honest updates..
Friske, actually I meant over on nicehash. No sooner do I place an order at 0.0273, some bot tries to raise the price floor way beyond a profitable level
I'll give an expanded view of the whole bot thing - on the one hand it's frustrating to have to wait and find that low point to set an order, and the bots have made it where the price is consistently higher than before.
The other side of the story is that by pegging the bots to the rise and fall of Prohashing profitability, the pricing levels on NH are more in line with the rise and fall of the broader market.
That said, I'm not yet convinced that the behavior of the bots is not too aggressive and verging on pricing everyone out of the NH site. Some days I barely clear a profit, and hope that in the coming days the bots will be refined to target a "sweet spot" more effectively
hey guys, the gold question is, how can we beat the bots on nicehash? Cause when more start to use them it will ruin the market/profits for everyone, with prices constantly high..
It's definitely bots, there's far too many of them for anyone to be dealing with manually - but I have a feeling your comment about it being NH themselves could be spot on.
Its NH - there was way too long a wait between BitcoinConnect diff drop and the hash being allocated to orders. The pause was far much longer than usual. NH loaded their orders and gave them the miners. No tin foil hat here - that’s what happened
@tmopar : they are not making any illusions - its right there on their website for SHA and Scrypt - NH will self compete with paying customers to inflate the price
I just wrote a very frank message to NH describing the what the bots are doing to their customers who rent the hashing power, we'll see if I get a response.
there needs to be some cpompetition two ways... we need new asic manufactueres to drive the price down, and we need a new hashing wholesaler to NH.... PH could take over this entire market segment if they could grow enough quickly... cut NH out completely
what im saying is... we are here already... they just need to become more sophisticated... instead of doing the coin blocks... renting to a higheroller might be more profitable
the bots that infest the NH site have gotten so aggressive as to price those of us renting hash power right out of the market - I thought it worth a few minutes of my time to describe this to them
Although I do admit to having been profitable over most of those days, but the bots in the past several days have become more aggressive, and my own profits have dropped so far as to almost not be worth the efforts any longer
and there are only one opportunity - make not so much order - I learned this bot - if total rent is < some part of all speed, this bot is not going high
I dont know if it is one bot or two different there seems to be two groups of orders with similar speeds , if they would set the speed to something respectable we would all be OK
couldnt NH just make the numbers harder to get to ... like the way they do ebay messages where its got the crazy numbers everywhere? make it non-machine readable
if they would set the speed to something respectable we would all be OK
Exactly! - I'm not at all against the concept of bots pegging the NH price to follow the market, but the levels should be reasonable so all can turn a profit!
yea I like fixed as well if you can get a decent rate anymore, what do you mean by harder to get to for the numbers, maybe only one order per user per location or something although they just cover the spread , shoot I might try it one time script up something put in 20 orders @ .005 as long as most didn’t hash wouldn’t loose anything but nah not today