Bitcoin mining has become a casino with a one-armed bandit.
NiceHash offers an unusual service, and the chance to win a huge prize is really great.
In recent years, Ethereum mining has become an increasingly profitable business. We can say that the cream was skimmed by miners who already had powerful equipment at the beginning of 2021. It was they who were able to take advantage of the high price of the cryptocurrency, since from February to mid-May profitability reached some incredible indicators. After that, the hashrate grew disproportionately to the increase in the cost of Ethereum, and gradually the profitability of investing in equipment became less obvious. If in the spring of 2021 you needed 6 months to return money to video cards, then by the end of the year—more than 10 months using dual mining. In 2022, things only got worse, because the return on investment dragged on for a year and a half and more, and the miners almost stopped buying new video cards.
And yet, at the time of the transition of Ethereum to PoS, the approximate cost of mining equipment connected to this network was $5 billion. Experts considered that this roughly corresponds to 20 million video cards, but in this case it should be borne in mind that a large part of large farmers prudently chose ASIC miners.
This means that when most of the miners flooded into popular networks like Ravencoin (RVN) and Ethereum Classic (ETC), some joined the mining of Dogecoin (DOGE) or even Bitcoin. Such a move allowed us to stay in the black, because even a socket does not pay off for diggers of popular altcoins.
If you pay attention to the ETC hashrate, then you can come to the conclusion that the miners have turned off some of their capacities until better times. There is no flow to other altcoins, which means we can talk about the crypto winter, which experts have so often frightened us with.
And this is where a new service from NiceHash appears on the horizon.
So, you want to make tons of money without investing in expensive equipment. You can buy a lottery ticket, or go to the casino. Both methods guarantee a loss with approximately 99.99% probability, but the ASIC miner rental service looks much more promising.
Imagine that there is a certain miner who is so generous that he is ready to give you his Bitcoin mining equipment. You pay him quite a bit of money, and in the event of a block falling out, you get the entire amount. Please note that inside the block are 6.25 coins for 120 thousand dollars. It looks tempting, because you spend only a couple of dollars, and get such an impressive amount.
Only at NiceHash everything is tied to the case, as well as beautiful numbers that actually lead you straight to the casino.
There are 6 packages in total. For example, Gold S: here you pay only 0.0001 BTC or $1.97 for an hour of rent, and as a reward you can count on a prize of $121,659. Tempting, but what's with the chance? Only 1:83 334, which in terms of interest means 0.0012%. You need to have incredible luck to go on such adventures.
But there are offers where the chances are much higher. Gold L allows you to count on the same reward with a chance of 1:707, which corresponds to 0.14%. Already better, but for this you will have to pay 196.62 dollars for an hour of mining. You can choose an intermediate value, where you can try your luck for just $19.6. There are also silver packages, where the chances of getting a prize are higher, but the prize itself is much more modest.
NiceHash calls it solo mining, where the entire prize goes to one person. There will be no discussion of the type of mining itself, because it is the scheme invented by the brainy managers from NiceHash that is interesting. In fact, it is no different from ordinary roulette, where the chances of success are extremely small. There will also be no campaigning, either for or against, but it is always worth remembering that free cheese is only in a mousetrap. You can get acquainted with the ingenious scheme and get more information at the
