How to earn Bitcoin and others without doing trading part 3/4.
The 2 first part present you 2 mining pools which are working differently. But both required that you own an asic (mining equipment) or a rig or the good computer.
But Nicehash don't work like a mining pool.
Nicehash was a platform to handle in one side "seller of Hash power" and on other side "buyer of Hash power".
Ok you got it!
Nicehash have a small link call "Live Marketplace" . so click it!
The market place is where buyer set up their Buy order of Hash power.
All algorythm are available but we focus only on scrypt.
It have 2 type of order Standard and Fixed, we will focus on Standard Order.
If you have a look on the order list :
Serveur EU, first Standard Order "S", somebody is buying an amount of hasing power at 9.8 BTC/TH/day (0.0098 BTC/GH/Day) the buying price is very high compare to the Scrypt coin earning (0.0053, see in post 2/4). This is the reason why Nicehash pay miner more than other pool if you got the luck to sell your hashing power at that rate, coz you can't choose your selling price or choose the buyer.
But the interresting part is more down..... scroll down on nicehash
As you can the lowest buying price is 3.8 BTC/TH/day (0.0038 BTC/GH/Day)
Ok, you will say : what i have to do ???? how it works?
Easy (almost):
Buy hashing power on Nicehash at 3.8 BTC/TH/day (0.0038 BTC/GH/Day)
Set up the Multipool server on your Nicehash order, Total amount and hashing speed
Validate and wait....
Your order was instantly validated and will start to redirect the hashing power of seller to the mining pool Multipool.
The seller will mine coin for you.
After minute to hours, you will see your Multipool earning increasing with some coins.
Please keep in mind 2 important things:
Multipool pay you when a block is found (it take some time day)
If the buying price of your order is vey low, may be it will have not enough miner on nicehash to fulfill your order or other buyer bought a high amount of hashing power at higher price. but you need to wait 24 hours to really know.
Next in part 4/4.
It's actually educating
yes, i got some loss the time if found the right way. in september i was about to give up.... middle october i found a way, a method and i start to earn good money. including my losts of september, i earn enough to buy 1 antminer S9 and 1 L3+ and pay 1 month of my rent (apartment)...... not so bad
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