Post
Topic
Board Mining (Altcoins)
Re: Why is difficulty still very high
by
FP91G
on 30/11/2022, 09:03:57 UTC
Could you even rent hashpower for only 1 hour? Consider SHA256
Looking at Nicehash which is the largest place to rent hashpower

https://www.nicehash.com/my/marketplace/SHA256

You got 2 servers which have up to 0.1205 + 0.0785 EH/s.

What is the total hashrate for bitcoin?

https://www.blockchain.com/explorer/charts/hash-rate

Looks like 250,000,000 TH/s. So about 250 EH/s. So you can rent max 0.7% of the total bitcoin hashrate.

We are talking about other coins that are mined on video cards and they have a small hashrate. Large bitcoin mining pools will not transfer their power to other users if they themselves do not want to do this. But renting video cards for mining is much easier.