Does NiceHash automatically switch coins?
Because buyers are placing orders for hashing power on the live marketplace, there is an automatic profit switching between all the coins on a single algorithm.
Does NiceHash automatically switch algorithms?
If you are using NiceHash Miner for mining, you do not need to worry about the orders on a specific algorithm. If there aren't any orders on the algorithm you are currently mining on, the software will automatically switch to the next most profitable algorithm for your hardware.
Does NiceHash automatically mine the most profitable coin?
Auto Algorithm Switching
NiceHash Miner automatically mines the most profitable coin.
Does NiceHash profit switch?
NiceHash Miner and NiceHash OS allow profit switching. This means that the miner will switch algorithms if one algorithm is paying more than the other. Users are automatically paid out in Bitcoin, no matter what coin or algorithm is being mined. Mining to a pool does not allow you to switch between coins or algorithms.
Can you choose what coin to mine on NiceHash?
NiceHash is an open marketplace that connects sellers or miners of hashing power with buyers of hashing power. Buyers select the crypto-currency that they want to mine, a pool on which they want to mine, set the price that they are willing to pay for it, and place the order.
Why is NiceHash paying so low?
If you are referring to the balance expressed in FIAT currency (USD, EUR, RUB,...), the reason for the decreased value lies in the value Bitcoin has on the global market. NiceHash pays you in Bitcoins, but the value of the earned Bitcoins is expressed over the website and in our software in FIAT currency as well.
What is the most profitable algorithm NiceHash?
Right now, DaggerHashimoto (aka, Ethash, what Ethereum uses — a modified variant of DaggerHashimoto) tends to be the most profitable, though sometimes Octopus, Kawpow, or some other algorithm might climb to the top.
Is NiceHash better than Pool mining?
NiceHash is not profitable enough to sellers. Compared to dedicated pool mining, users who mine only a particular coin make much more, hence high profitability with pool mining. Mining crypto with NiceHash is less profitable because you still need to cater to pool fees.
Does NiceHash pick the most profitable coin?
In some edge cases, NiceHash Miner will not pick what should be the most profitable algorithm but will pick a second most profitable algorithm. There are a couple of reasons for that.
Is Pool mining more profitable than NiceHash?
NiceHash profitability is determined by buyers of hashing power and is only indirectly affected by the price and difficulty of the coin. While, honestly, sometimes the profits can be lower than mining coin through a pool, other times, profits can be higher than mining directly to a pool.
Why does NiceHash keep switching?
One of the reasons why your mining rig might be randomly restarting is related to a driver crash, which might mean that the NiceHash Miner is not able to utilize one or more GPUs. If you want to prevent restarts, make sure that the Run script when CUDA GPU is lost option in NiceHash Miner advanced settings is disabled.
How can I make NiceHash more profitable?
How To Get Your ACTUAL Mining Profitability in NiceHash - YouTube
Which algorithm is best for mining?
SHA-256, the Bitcoin algorithm.
What is Daggerhashimoto algorithm?
Dagger is an algorithm created by Vitalik Buterin. It uses directed acyclic graphs to achieve memory-hard computations and memory-easy validations at the same time. It is meant to be an alternative to algorithms such as Scrypt, but was proven to be vulnerable to shared memory hardware acceleration.
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