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Nicehash is not a good bet mate.
Largely you can either check out sites like whattomine.com or coinwarz.com
These will tell you what is the most profitable thing to mine at a certain time but the real interesting stuff happens when you find your own "diamond in the rough" as the coins at the top of these lists are usually just most valuable for a "spot period" - ie it may be valuable at 6 pm but at 7 pm its a different coin.
This is mostly due to price fluctuations and difficulty changes.
Solo mining isn't recommended especially if you dont know what you're doing as it can lead to you just kind of throwing money down a hole.
If you find a good coin, search for pools then pick one.
The most profitable pool isnt always the biggest - the bigger pools you will get more consistent payouts but the smaller ones will get you bigger payouts.
Theres tons of stuff that go into this. Its NOT just printing digital currency.
If you were confused by explanations of mining and such, I would just continue to truck through it until you are not confused. Then I would say you are okay to buy some hash or your own rig.
This is just my humble experience though, as I have been doing this for some time.
So if I'm into pool mining and i have slected a pool too. how do i get started?Largely you can either check out sites like whattomine.com or coinwarz.com
These will tell you what is the most profitable thing to mine at a certain time but the real interesting stuff happens when you find your own "diamond in the rough" as the coins at the top of these lists are usually just most valuable for a "spot period" - ie it may be valuable at 6 pm but at 7 pm its a different coin.
This is mostly due to price fluctuations and difficulty changes.
Solo mining isn't recommended especially if you dont know what you're doing as it can lead to you just kind of throwing money down a hole.
If you find a good coin, search for pools then pick one.
The most profitable pool isnt always the biggest - the bigger pools you will get more consistent payouts but the smaller ones will get you bigger payouts.
Theres tons of stuff that go into this. Its NOT just printing digital currency.
If you were confused by explanations of mining and such, I would just continue to truck through it until you are not confused. Then I would say you are okay to buy some hash or your own rig.
This is just my humble experience though, as I have been doing this for some time.
Firstly, hardware. can i mine in pool with my gpu or i strictly need a asic miner.
Secandly, after signing in, how do i get started in mining?
And also can you tell me about buying hash power and how to use it for you pool mining.
