Post
Topic
Board Mining
Topic OP
NiceHash is paying 6% more than mining Bitcoin traditionally
by
nicehash
on 23/01/2023, 13:39:27 UTC
NiceHash is paying 6% more than mining Bitcoin traditionally via a pool. Here is an explanation of how this is possible:

1️⃣ NiceHash is a hashpower marketplace.

Buyers are placing orders for hashrate. Orders can be manipulated by increasing or decreasing price and speed or canceling them.

2️⃣ NiceHash EasyMining

EasyMining is a way of solo mining blocks of Bitcoin (and other coins). EasyMining allows ordinary users with almost zero Bitcoin knowledge to participate in mining and potentially confirming a block of transactions by buying hashrate. This can be done in a very user-friendly way with just a couple of clicks.

For example, buying a package of SHA256 hashrate for $200 currently gives a user probability of 1:608 to confirm a block and earn a full Bitcoin block reward.

3️⃣ Higher Bitcoin ASIC miner payrates

Buyers of EasyMining are paying a premium price for hashrate and thus increasing the average payrate for the sellers (miners).

This is how much Bitcoin you would earn if you would mine at NiceHash:

❇ 5.59% more in the past 7 days
❇ 4.31% more in the past 30 days
❇ 6.33% since EasyMining Launch

Learn more: https://www.nicehash.com/blog/post/nicehash-pays-better-how-and-why-nicehash-pays-better-than-mining-bitcoin-directly