19 October 2022 04:06, UTC
Studying time: ~5 m
Not too long ago 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 have now 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 package deal of hashing energy from their platform that will probably be used for mining a sure crypto coin for a while, and if you happen to validate a block with it then you definitely get the total block reward. All you should do is select a mining package deal (pay for it with Bitcoin) and await it to complete mining and see if you happen to have 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 totally different mining packages which 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 wish to buy. Which will require a sure degree of verification if you’re registering a brand new account. Additionally bear in mind that with a purpose to obtain your reward you’ll should be Tier 2 verified (not required to attempt your luck) and that requires identification and handle verification! There are 3 totally different mining packages accessible – Bronze, Silver and Gold with 3 ranges of every (S, M and L) accessible so 9 totally different packages in whole. Bronze is for Zcoin (ZEC), Silver is for DOGE though the L degree 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 best priced one is a bit shy of $200 USD. The upper the worth goes, the extra hashing energy and time you get to try to validate a block, thus your chances are high getting larger. The extra you pay nevertheless the much less you’ll get if you happen to handle to validate a block, however the probability of doing so is larger (the likelihood is listed for every package deal and it varies). With 1:3 or 1:4 likelihood the possibilities are excessive, however you possibly can nonetheless purchase a mining package deal and get nothing in return, so perhaps not as very similar to a lottery, however extra like playing.
Whenever you purchase a mining packages shortly it begins mining and displaying you the way a lot time is left and the way are you doing making an attempt to validate a block for the required crypto coin the mining package deal to procure for. There isn’t a have to have the web page open or something, it would run for the required time and you could find the outcomes and your luck afterwards. After all, there are some fairly graphics which are displaying must you resolve to spend time watching how issues are progressing.
We’ve determined to begin with the S or Small mining package deal for the three choices accessible after which get three of every, so 9 in whole 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 acquired 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”.
For those who 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 if you’re curious and wish to spend extra time watching as issues progress you are able to do so. Or you possibly can simply depart it to complete after which return to see the outcomes of your luck or probability and if you happen to managed to attain any rewards or not and resolve to perhaps attempt once more or not.
The mining period you get for the S-sized package deal 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 isn’t 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 displaying your entire accomplished orders as a straightforward to view record together with how shut have been you to hitting a reward and if any of the mining packages to procure really managed to hit a block and rating you might be reward. For those who 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 package deal, much like the detailed knowledge you possibly can watch through the precise mining.
The closest we acquired a reward with our 9 S-sized mining packages was 89% on a Bronze S package deal for mining ZCash (ZEC) and that one had 1:118 probability based on the information when buying the package deal, so fairly good, though a bit dissatisfied that we weren’t fortunate sufficient to hit a block and get a reward. Possibly will give it a pair extra tries and you might be welcome to attempt your personal luck with a couple of mining packages and see if you happen to can handle to attain a block reward or not.
Replace: In the meantime we have now additionally given it one other attempt with one package deal 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 fully dissatisfied from our luck right this moment, however perhaps you’ll have higher luck than us.