Nicehash

Using Nicehash In SWARM

SWARM is able to use the nicehash system. These are things to consider:

PPS Rental Nicehash does not work like the other pools. Nicehash pays in a Pay Per Share format, and their model is based on rental pricing rather than market pricing.

Pros:

• Whatever Nicehash says you are going to make, is usually much more close to accurate. Expect great consistent returns. The other pools will rarely meet the pricing it quotes as markets are very volatile.

Cons:

• Since Nicehash is a rental service, the ceiling of potential profit is lower than a pool that uses direct market exchange, which is most of the other pools in SWARM.

NiceHash Wallet

You have the option to using a normal BTC address for nicehash. However, the fees associated with mining directly to a BTC address is often higher. SWARM gives the option to allow users to mine on their nicehash BTC wallet when they switch to nicehash. This is done by using the argument -NiceHash_Wallet1 (or 2,3 etc.).

NiceHash Algorithms

Nicehash has algorithms that other pools do not, like

ethash
cryptonight
cuckaroo29
cuckatoo31
mtp 

Depending on platform it is highly advised to research on how to best mine these algorithms, as the grin algorithms & mtp can be fairly profitable for NVIDIA cards, and ethash/crpytonight can be fairly profitable for AMD cards....But only if your settings are right.

However, note that these algorithms are specialized, and if you have issues, you should make sure that these algorithms are supported for your cards.