The Gaussian noise model is used to estimate the performance of three digital nonlinearity compensation (NLC) algorithms in C-band, long-haul, optical fiber transmission, when the span length and NLC bandwidth are independently varied. The algorithms are receiver-side digital backpropagation (DBP), transmitter-side DBP (digital precompensation), and Split NLC (an equal division of DBP between transmitter and receiver). For transmission over 100×100 km spans, the model predicts a 0.2 dB increase in SNR when applying Split NLC (versus DBP) to a single 32 GBd channel (from 0.4 dB to 0.6 dB), monotonically increasing with NLC bandwidth up to 1.6 dB for full-field NLC. The underlying assumptions of this model and the practical considerations for implementation of Split NLC are discussed. This work demonstrates, theoretically, that, regardless of the transmission scenario, it is always beneficial to divide NLC between transmitter and receiver, and identifies the transmission regimes where Split NLC is particularly advantageous.