Why NiceHash is bad for prohashing.
Posted: Sun Jul 02, 2017 4:28 pm
Hi.
Hash power from NH that bring renters is bad for all PH community. I'll explain, why:
If you will see on the stats, when there are LOW cost i.e. 7 cents (~0.000035) we are cranking blocks all alone, our speed is 500-600GHs. But, when there are high income time - 20++ cents(0.00008++) we got a company of NH renters and our speed is 900-1000GHs . This is no good for regular customers, because with more speed from NH we are cranking blocks faster, this thing leads to less block times on a high profit coin network, which leads to difficulty increase and less income.
So, why did these pool hoppers (they mine only high profit time) didn't banned here? When ph was little multipool, help from NH was acceptable. But novadays PH is big multipool. And help from NH is not acceptable anymore. The only thing NH bring to this multipool is Steve and Chris 5% fees. But in cost of this, this leads to less high income time to all other. And if look smarter, for Chris and Steve it is better to ban NH too: price difference betwean this site and NH site will be big enough for real miners to abandon NH and go to this pool.
This is example of what I mean:
BCC coin is 110% of litecoin income right now - 0.00003 (for example). We are mining it hard for 20 minutes at a speed of 500-600 GHs, found block, diff goes down, and NH renters did hopping to this pool: our speed is 1000 GHS, we finding blocks more quickly (1.5 times quickly), and this leads to 1.5 time less high profit for all real miners. After another 5 blocks, or 20 minutes, diff goes up, income go down. And we are allone once more: it is no profit for NH hoppers to mine slow high diff blocks.
Hash power from NH that bring renters is bad for all PH community. I'll explain, why:
If you will see on the stats, when there are LOW cost i.e. 7 cents (~0.000035) we are cranking blocks all alone, our speed is 500-600GHs. But, when there are high income time - 20++ cents(0.00008++) we got a company of NH renters and our speed is 900-1000GHs . This is no good for regular customers, because with more speed from NH we are cranking blocks faster, this thing leads to less block times on a high profit coin network, which leads to difficulty increase and less income.
So, why did these pool hoppers (they mine only high profit time) didn't banned here? When ph was little multipool, help from NH was acceptable. But novadays PH is big multipool. And help from NH is not acceptable anymore. The only thing NH bring to this multipool is Steve and Chris 5% fees. But in cost of this, this leads to less high income time to all other. And if look smarter, for Chris and Steve it is better to ban NH too: price difference betwean this site and NH site will be big enough for real miners to abandon NH and go to this pool.
This is example of what I mean:
BCC coin is 110% of litecoin income right now - 0.00003 (for example). We are mining it hard for 20 minutes at a speed of 500-600 GHs, found block, diff goes down, and NH renters did hopping to this pool: our speed is 1000 GHS, we finding blocks more quickly (1.5 times quickly), and this leads to 1.5 time less high profit for all real miners. After another 5 blocks, or 20 minutes, diff goes up, income go down. And we are allone once more: it is no profit for NH hoppers to mine slow high diff blocks.
