Thanks for the very descriptive, interesting article as I understood mining is not profitable unless someone else covers your electricity bill currently, so majority of people are losing money currently in the hope that coin will grow. And why they are paying you in the bitcoin if you are mining Dash?
RE: ASIC Mining. My setup and a guide to get started on your own
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ASIC Mining. My setup and a guide to get started on your own
Nicehash is a "hashpower rental" company, not a mining pool. So when you hash to nicehash you are essentially renting your hashpower to them for an agreed amount in bitcoin per hash. It's slightly different than mining to a mining pool for a given algorithm. I would argue it's not good for the networks, nor is it good for the individuals earnings. But Nicehash is ASIC friendly and rarely has downtime issues, so they've gotten very popular.
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That's a very good description. I had forgotten it wasn't a pool, I will change that in the post
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A lot of people have been mining cheap, unpopular and easy alt coins in the hope their prices moons at some point and they make a ton of money
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