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Profitability drops and BTC going up? Not with me. #522

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Jakobhoss opened this issue Nov 4, 2017 · 3 comments
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Profitability drops and BTC going up? Not with me. #522

Jakobhoss opened this issue Nov 4, 2017 · 3 comments

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@Jakobhoss
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Yesterday I wrote a request for more options for hash providers to influence their income. I have the Idea that you could implement a box in which a miner can write his minimum accepted price because the algos are keeping going down. This fact is simply because of the NHM software, where you cant influence the minimum price and so the miners are automatically hunting for the best price. But when orders are getting lower, the price drops again and you as an hashing provider have no influence for which price you want to sell your hashes.
So I think this is a option for miners to keep the alcoins profitable for them and to participate more in the mining process.
But you deleted my post after a few hours without a answer or comment.
So for me it´s clear now that you don´t want the miners to participate in the whole nicehash thing, you want us simply to deliver for every price? Then here is my answer.
Not with me. I´m out. I closed all my nicehash activities this morning and all my 13 rigs with together over 2800 MH in ETH will go to another pool.

Providing hashing power has to work for both sides. At the moment only Nicehash and buyers are making any profit. My energy costs are going up, hardware replacement and maintanance costs a lot and the rigs need service 24/7. Bitcoin is going up like crazy, Monero ETH and Zcash are walking with Bitcoin prices but I don´t realise anything ot this growth at my miners, instead I have a growing loss.
Remember that you earn through us miners, not the buyers. This greed kills Nicehash.

@doverosx
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doverosx commented Nov 4, 2017 via email

@drkskwlkr
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Not with me. I´m out. I closed all my nicehash activities this morning and all my 13 rigs with together over 2800 MH in ETH will go to another pool.

Good. Now close your ticket and stop wasting developers' time.

@DillonN
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DillonN commented Nov 8, 2017

@doverosx is right, I left a reply on your other issue #520 that this is not within the scope of this issue forum. There is already a minimum profit option so you don't mine below what you deem is unacceptable

Closing this now..

@DillonN DillonN closed this as completed Nov 8, 2017
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4 participants