When the EasyMining package is purchased, you will need to click on the package at that point to be able to see its progress. There is also an explanation of what the lines and colours mean, and what is done with the mining package. If till now you have also come to know where you should start, then this article is about EasyMining which you should read completely. Once the package is opened, at that point you will see:
What is EasyMining?
With both NiceHash and EasyMining, mining crypto is very easy, all you have to do is buy a package first, then relax and wait for the mining process to complete, you have to see if the block has been validated so that you can receive the reward. Further, you can sign up here and start your trading journey.
What happens when you buy a package?
You can only use your package to mine crypto. ‘Mining’ is a method by which transactions are verified which provides better security with the blockchain. Along with this, it has also told you how you can enter the crypto market. At the time EasyMining is launched, the Hashpower you purchase at that time validates crypto transactions with blockchain technology that is blocked by block, for which you are also given a full block reward. If you want to know more about the process of crypto mining, the first thing you need to know is what it does.
The progress of your package is indicated with an element:
With difficulty, your package will be completed, at which time its number will appear to increase. If you want to know more about the ‘difficulty’ associated with mining, you can go online for more information about it.
The Prize
If you’ve grabbed a block reward, you’ll see this black and yellow rocket icon.
Network Difficulty
Currently, the global network is considered a difficulty. If you want to capture a block, you have to raise your hash above the chart line. You have to keep your eye on this line, once you cross it, then you validate the block and you get the reward.
Close to prize
It has some percentage indicated so it’s pretty close to catching a package with a block seen here. Talking its calculation is done with the global network, along with it is calculated based on difficulty. If you want to catch the block, first you have to reach more than 100%.
Mining is favourable or not
Well, it is surprisingly good for some miners who found it easy to carry on their mining process due to less availability of other miners who drop the process of mining due to non-profitability. Hence meaning becomes more profitable for others. Requires less hardware resulting in lower operating costs but higher profit and keeps the process running.
Each network behaves differently during its difficulty. The buyers of hash powers watch the network difficulty very thoroughly and boost their computing powers hence ultimately enhancing the chances of block validation to win the reward. This is the reason which proves that solo mining is the best option to avail of the reward prize.
Package not available
This means that there is not enough hashpower at the time the order is executed by you, it may be tried after some time. However, you can check back every few hours for which more hashpower is made available. The amount made available depends only on how many NiceHash miners are connected to the platform as well as the power of the hardware. Hashpower is made available on the open market. You can also try bidding hashpower against other buyers for mining. As a miner, by joining NiceHash you can sell hashpower and make a profit.
