Donate your Computing Power! (BTC mining/NiceHash Tutorial) (rev. 1 by Drahan on 12-09-17, 10:16 am)
Posted at 10-01-17, 03:19 am Link | #1
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
Unfortunately, NiceHash has been hacked.
This means that any efforts we have made up til now have been void.
They report that their Bitcoin wallet has been stolen - which means all of the coins their customers have mined were stolen, too.

If you wish to contribute to MabiPro, the only way to do so right now is through donations.


Introduction
Using NiceHash, it's possible to mine cryptocurrency for MabiPro using hardware that you already own, and already paid for, without dealing with any of the hassle of dealing with Bitcoins.

NiceHash is a company that sells mining power for cryptocurrencies. Essentially, you sell your computing power and set your address to MabiPro's donation address.
This means any currency that you mine with NiceHash will end up in our wallet (in 0.01 BTC minimum increments).
Getting Started

Step 1:
Download the NiceHash miner.

Step 2:
Setup the NiceHash miner.
We recommend the latest miner, however if you experience issues with the latest miner (Not detecting your GPU?) you may want to use the Legacy miner instead.

Step 3:
Configure your wallet to point to MabiPro's Donation address: 19fEHXaZ79M9TKvvLBiAyW4xxq98BMAB13


Step 4:
Click the green Start button, to start mining! It will select the most profitable cryptocurrency to mine, then proceed with mining.

Conclusion
This will probably make your computer laggy or hard to use, so you may not want to do this 24/7.
However, it can certainly help us out a lot if you do it whenever you aren't using your computer!

If you are having troubles, you may want to look at NiceHash's website for more information, such as their troubleshooting document.

If you are interested in the efforts of others and other information about what's being generated from NiceHash, you can take a look at our address's mining statistics here.

Special thanks to Alexa White for their thread at Mabi.pro easy support for everyone, and their donation of freshly mined Bitcoins proving the viability of this method for contribution.
Posted at 10-01-17, 06:34 am Link | #2
Apollonious

Posts: 5
Joined: 09-26-17
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forewarning at the moment lightcoin is the best bang for your buck. otherwise with a standard tower pc you're looking at 1$ for a 24 hr mining session. this is a ball park estimate from the last time i was mining.
that being said it was gpu mining which is terrible.

make sure your pc can maintain ideal temperatures over a long period of time before considering this; overheating any components is never fun even if its cheap bits.
post rev. 1 by Drahan on 10-01-17, 03:23 pm
Posted at 10-01-17, 03:22 pm Link | #3
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
forewarning at the moment lightcoin is the best bang for your buck. otherwise with a standard tower pc you're looking at 1$ for a 24 hr mining session. this is a ball park estimate from the last time i was mining.
that being said it was gpu mining which is terrible.

make sure your pc can maintain ideal temperatures over a long period of time before considering this; overheating any components is never fun even if its cheap bits.

GPU mining is the best you can get without purchasing an ASIC rig or specialized hardware just for mining.

$1/24 hour period is pretty decent for a standard tower PC.

NiceHash will calculate the best bang for your buck and mine whatever cryptocurrency is currently decent. Typically, it will mine SiaCoin and Monero right now. Even if it mines something other than BTC directly, we still end up getting Bitcoins - which is great.

PC temperatures is pretty good to mention, because most people don't have hardware that is designed to be capped out at 100% for 24 hour periods. You should definitely not do this if your computer has a history of overheating or crashing during peak usage.
Posted at 10-06-17, 08:04 am Link | #4
Alexa White

Posts: 23
Joined: 08-17-17
Last post: 1493 days
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Supporter
Bawww~
No one participating besides me and Witch.
Posted at 10-13-17, 05:54 pm Link | #5
waffo

Posts: 16
Joined: 02-08-17
Last post: 2492 days
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Content Team
I'm starting today. I'll dedicate my server to it when I'm not using it for testing new content.
Posted at 10-25-17, 08:17 am Link | #6
Alexa White

Posts: 23
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Supporter
We need more power to fight coming winter!
Posted at 11-28-17, 10:01 am Link | #7
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
We're about 0.00225453 BTC away from a NiceHash payout.
Still a long way to go with our current mining power.
Posted at 12-09-17, 10:15 am Link | #8
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
Unfortunately, NiceHash has been hacked.
This means that any efforts we have made up til now have been void.
They report that their Bitcoin wallet has been stolen - which means all of the coins their customers have mined were stolen, too.

If you wish to contribute to MabiPro, the only way to do so right now is through donations.
Posted at 12-23-17, 10:51 am Link | #9
Alexa White

Posts: 23
Joined: 08-17-17
Last post: 1493 days
Last view: 724 days
Supporter
Nicehash is back~ And they promise return all what being stolen by hackers.
Posted at 12-23-17, 02:25 pm Link | #10
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
Nicehash is back~ And they promise return all what being stolen by hackers.
That's good news, but their fundamental problems still exist.

The effects of their hot wallet being hacked were so detrimental because they were not paying people out the money they deserved at lower intervals.

Their payout amount was 0.01 BTC, which (as of writing this post) is worth $153. They should have lowered their payout minimum with the rise of Bitcoin's price.
The price increased by 10X and yet they left the payout amount the same.
Greed? Definitely.
They are expecting people to mine for them and never reach the payout, so they can collect all of the juicy funds that people lost by not reaching the minimum.
And even now, they set a minimum for how much you had to have mined in order to be reimbursed for their own mistakes.
Luckily, we reach that minimum, but how many thousands of people didn't?

I won't be endorsing NiceHash in the future unless they correct these fundamental problems.
post rev. 1 by Alexa White on 12-23-17, 02:50 pm
Posted at 12-23-17, 02:48 pm Link | #11
Alexa White

Posts: 23
Joined: 08-17-17
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Supporter
Ah~ You completly wrong Nicehash is not mining pool, it's cloud mining provider~ You just lend them computing power, they sell it and pay you for it based on selling price. That's all.
0.01BTC for anyone who invested in equipment is not a barrier. Even more - they have option to register account and then you can payout from 0.0015btc but commission fee is huge in BTC network~
Huge share that holded in old wallet - i mined alone on my middle-grade gpu at free time when I'm not at home.
post rev. 1 by Drahan on 12-23-17, 02:57 pm
Posted at 12-23-17, 02:55 pm Link | #12
Drahan GM

Posts: 2147
Joined: 02-06-17
Last post: 283 days
Last view: 10 days
Ah~ You completly wrong Nicehash is not mining pool, it's cloud mining provider~ You just lend them computing power, they sell it and pay you for it based on selling price. That's all.
0.01BTC for anyone who invested in equipment is not a barrier. Even more - they have option to register account and then you can payout from 0.0015btc but commission fee is huge in BTC network~
Huge share that holded in old wallet - i mined alone on my middle-grade gpu at free time when I'm not at home.
I'm aware that they aren't a mining pool, not directly anyway. However, at a fundamental level, they are a pool. There's a reason you're pointing your miners at their scrypt server.

The problem is when you lend them computing power, they sell it, and they never pay you because your computing power was "too insignificant".
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