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     7 years ago 

    Sorry for confusing you;-)

    which means the longer you mine specific coin

    How much difference does it make for a small mining rig and how do they finance the reward?

    What I was wondering is: If you ignore that duration reward and just stick to what is the most profitable by market price, how many percentage of profit do you lose?

    This makes it not the best choice for auto profit switching

    Whenever I see such a distortion of the price feed, I am tempted to ignore it because it takes away the transparency

    What I mean is: When you can't use an automated process or strict rules, it causes inefficiency, because you don't always have all necessary information. But since your answer was:

    you can see quite well whats happening :)

    I assume, you can compensate for that price distortion. I'll trust your capable mining hands;-)

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       7 years ago 

      Thanks for explanation :)

      What I was wondering is: If you ignore that duration reward and just stick to what is the most profitable by market price, how many percentage of profit do you lose?

      Very hard to tell, so many variables. Maybe something like 10%? But the most profitable coin may stay most profitable for long duration also.

      I assume, you can compensate for that price distortion.

      The plan is to mine for at least 2 days and see the profit. I'm also considering sticking to one coin (ZClassic) that is on top of profitability since few weeks now.

      But at the end of the day NiceHash seems to be most transparent and gives most profit (for now). Only the fees...

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         7 years ago (edited)

        But at the end of the day NiceHash seems to be most transparent and gives most profit (for now). Only the fees...

        Is it the most profitable before the fees are charged or is it still the most profitable despite the fees?

        Also: Sometimes fees can be a sign of trustworthyness, because it means, they have a business model. On the other hand, when you get payouts out of seemingly nothing for doing something that doesn't make sense, it' usually a sign not to buy in. But that's just a generalization, I have no idea about these mining services.^^

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           7 years ago 

          Lately NiceHash lowered fees for internal wallet so its most profitable despite fees - for now at least. The only problem is that I have to withdraw manually and I want the system to be fully automated.

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             7 years ago (edited)

            I have to withdraw manually

            How mean;-/ tss..

            I guess that's the sour apple that you have to bite into. At the end, the extra time you have to spend with withdrawing needs to be justified by the extra profits that you make.

            When using Nicehash, maybe you should do that only once per week. I wouldn't mind and maybe the other investors are ok with it as well.

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               7 years ago 

              Yeah, I will probably withdraw once per few days.

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                 7 years ago 

                i won't might waiting. Maybe make a post about voting which one should be done.

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