NiceHash payrate is 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 Buyers are solo mining
NiceHash helps 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 hashrate 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 September
Learn more: https://www.nicehash.com/earn-more-with-nicehash
