Direct Bitcoin Mining and Pool Mining Alternative
Did you know that there is an alternative when it comes to mining at a mining pool?
What if you could get paid by selling your hashpower (computing) power to the highest bidder and potentially even get paid more than mining directly to a pool?
What is the conventional way of mining Bitcoin and other cryptocurrencies?
A lot of miners are still mining in the conventional way, mining to a pool. This is so-called direct mining where miners are connecting their rigs or ASICs to a mining pool. Once a mining pool finds a block, the miners get paid by the amount of work they contributed to the solution.
In case that a pool is smaller, it might take a lot of time to find a block. This means that the miners could be mining for weeks without getting paid.
We wrote about pool mining and mining at NiceHash before, if you are interested in learning more about pool mining you can read these related articles:
- What is a mining pool?
- What is the difference between NiceHash mining and pool mining?
- What is solo mining and how does it work?
What is the alternative to mining to a pool?
The best alternative to direct mining is selling your hashing (computation) power.
The most known - and only - hashpower broker is NiceHash. At NiceHash users can sell their hashing power from either ASIC devices, dedicated mining rigs or just a decent gaming computer.
What is special about NiceHash is that the whole experience of trying and selling your computer or ASIC hashing power is made easy. You can start selling your hashing power in just about 20 seconds with NiceHash QuickMiner tryout.
With NiceHash QuickMiner tryout, a browser controlled software, you can give mining on your PC a try and earn your first Bitcoins. No registration required!
ASIC mining at NiceHash
Most people might think that NiceHash makes selling hashing power easy for GPU miners only. But in fact, ASIC miners can use NiceHash too and sell their hashing power to the buyers, who often pay more than the break-even price.
NiceHash also features profit switching for ASIC miners and is a good alternative to direct mining. It has a great UI and simple UX.
What are the benefits of mining at NiceHash?
Summary
The bear market is a great opportunity to try the alternative ways of earning Bitcoin with your hardware, let that be an ASIC machine, dedicated mining rig or a gaming PC. Who knows, maybe you are missing out on the profits? Give NiceHash a try and decide later.
If you would like to hear about the experience of other NiceHash miners or talk with our representatives, join our Discord server or Reddit community.