With NiceHash EasyMining, we made mining cryptocurrency so simple, that all you have to do is buy a package, sit back, relax and wait for the mining to finish then see if you validated a block.
But what is actually happening when you buy a package?
Your package is simply buying computing power (called ‘hashrate’) to mine cryptocurrency. 'Mining' is a system that verifies transactions and provides security to blockchains. It is also how new cryptocurrency coins (eg. Bitcoin) enter the market. When you are EasyMining, if the hashrate you bought validates a block of cryptocurrency transactions on the blockchain, then you get the full block reward.
You can read about the whole process of cryptocurrency mining, what is is and what it does, here.
Note: NiceHash EasyMining is not the same as other types of solo mining. With EasyMining, you are buying more hashrate from other people, and using their hardware to mine. In classic solo mining, you would own the hardware and mine directly with it, and have a very low chance to mine a block. We save you that hassle, and also increase the likelihood of mining a block by providing you with the hashrate from our marketplace.