Why would someone buy hashing power?
One of the most frequently asked questions is definitely "Why would someone buy hashing power?" There are several reasons why people buy hashing power at NiceHash rather than buy the coins directly or buy cloud mining contracts.
- Buyers have done their math, test different luck factors on pools and reward schemes, and are buying hashing power as an investment to obtaining coins cheaper;
- Buyers can buy massive hashing power and get it delivered in short amount of time;
- The order that buyers place lasts from a few minutes to a maximum of 10 days which decreases the risk of drastic changes over time in comparison to cloud mining contracts;
- Pool owners buy hashing power to increase the luck of their pool or to test the mining performance and compatibility of their pool.