19 October 2022 04:06, UTC
Studying time: ~5 m
Just lately the NiceHash platform has made accessible a brand new function on their platform that that they name Solo Mining with “Catch the Block” and we now have determined to attempt our luck and see if we will handle to hit a block and get the total block reward. NiceHash have made this new function very straightforward for use, virtually like shopping for lottery tickets and testing your luck hitting a giant reward. What you do right here is purchase a bundle of hashing energy from their platform that shall be used for mining a sure crypto coin for a while, and should you validate a block with it then you definitely get the total block reward. All you’ll want to do is select a mining bundle (pay for it with Bitcoin) and look forward to it to complete mining and see should you had been fortunate sufficient or to not hit a block and get a pleasant reward. Presently mining Bitcoin (BTC), Bitcoin Money (BCH), ZCash (ZEC) and Dogecoin (DOGE) are supported by thins new mining function and you’ve got a few completely different mining packages you could select from…
So as to have the ability to use the Solo Mining mode you mist first have an account at NiceHash after which even have some Bitcoin (BTC) transferred to your platform pockets that you’d be utilizing to pay for the mining packages you need to buy. That will require a sure stage of verification in case you are registering a brand new account. Additionally take note of that with a purpose to obtain your reward you’ll must be Tier 2 verified (not required to attempt your luck) and that requires id and deal with verification! There are 3 completely different mining packages accessible – Bronze, Silver and Gold with 3 ranges of every (S, M and L) accessible so 9 completely different packages in complete. Bronze is for Zcoin (ZEC), Silver is for DOGE though the L stage is for Bitcoin Money (BCH) and Gold is for Bitcoin mining.
Every of the mining packages accessible is priced in another way with the bottom one beginning at sub $2 USD for the time being and the very best priced one is just a little shy of $200 USD. The upper the worth goes, the extra hashing energy and time you get to attempt to validate a block, thus your chances are high getting increased. The extra you pay nonetheless the much less you’ll get should you handle to validate a block, however the likelihood of doing so is increased (the likelihood is listed for every bundle and it varies). With 1:3 or 1:4 likelihood the possibilities are excessive, however you may nonetheless purchase a mining bundle and get nothing in return, so possibly not as very like a lottery, however extra like playing.
If you purchase a mining packages shortly it begins mining and exhibiting you ways a lot time is left and the way are you doing attempting to validate a block for the required crypto coin the mining bundle you got for. There is no such thing as a must have the web page open or something, it is going to run for the required time and you’ll find the outcomes and your luck afterwards. After all, there are some fairly graphics which can be exhibiting must you determine to spend time watching how issues are progressing.
We’ve determined to start out with the S or Small mining bundle for the three choices accessible after which get three of every, so 9 in complete for a complete of 0.0009 BTC or about $17.37 USD with the present value of Bitcoin. Every of the packages ran for about 1 hour and though we obtained excessive percentages of being near hit the reward, we didn’t have sufficient luck and didn’t handle to drag off validating any blocks with our 9 “lottery tickets”.
In the event you click on on the smaller icon within the ACTIVE order part of any of the bought mining packages you’ll get a extra detailed graph and stats with details about it, so in case you are curious and need to spend extra time watching as issues progress you are able to do so. Or you may simply go away it to complete after which return to see the outcomes of your luck or likelihood and should you managed to attain any rewards or not and determine to possibly attempt once more or not.
The mining length you get for the S-sized bundle is about 1 hour, for the M-sized one it’s about 2 hours and for the L-sized one it’s about 4 hours. There is no such thing as a precise point out of the quantity of hashpower you get with every of the packages, however on the detailed web page you see how the spending of the quantity paid in BTC is progressing.
There’s a devoted web page exhibiting all your accomplished orders as a simple to view listing together with how shut had been you to hitting a reward and if any of the mining packages you got truly managed to hit a block and rating you might be reward. In the event you click on on any of the packages listed on the COMPLETED orders web page additionally, you will get a extra detailed full stats for the entire mining time of the bundle, much like the detailed information you may watch throughout the precise mining.
The closest we obtained a reward with our 9 S-sized mining packages was 89% on a Bronze S bundle for mining ZCash (ZEC) and that one had 1:118 likelihood in response to the info when buying the bundle, so fairly good, though just a little disenchanted that we weren’t fortunate sufficient to hit a block and get a reward. Perhaps will give it a pair extra tries and you might be welcome to attempt your individual luck with a couple of mining packages and see should you can handle to attain a block reward or not.
Replace: In the meantime we now have additionally given it one other attempt with one bundle of the second M-sized ranges for every and sadly our luck has not improved a lot and once more we didn’t get to validate a block on both of the three crypto currencies with the upper mining packages. We’re not prepared to surrender but, so subsequent come the L-sized ones, hopefully with higher outcomes or we’re getting utterly disenchanted from our luck right this moment, however possibly you’ll have higher luck than us.