Increase Profits by Mining Ethereum with Pools
Stop getting paid in Bitcoin with NiceHash and get on the Ethereum Train
I recently wrote an article about earning money mining Ethereum, and in the few weeks since it was published Ethereum has continued to break all time high value records. Ethereum has now increased over 2,000% in value since this time last year with no signs of slowing down. The London fork will introduce Ether burning in July, which will increase scarcity significantly. I know many crypto enthusiasts are incredibly bullish on Ethereum, and I am absolutely in that camp. Even though the ETH 2.0 network is on the horizon, there is still time to make a decent amount of easy money mining Ethereum.
Time to Ditch NiceHash
Many new miners are likely using NiceHash, which is an application that makes mining simple. One of the conveniences of NiceHash is that it pays out in Bitcoin even though your PC is likely mining Ethereum. Just a month ago it would still seem reasonable to take your payout in Bitcoin even if you paid a small fee to do so, however in our current market it may be more desirable to earn Ethereum.
On top of preferring Ethereum payouts over Bitcoin, NiceHash results in fees close to seven percent once your Ethereum has been converted to Bitcoin. Mining with a pool can cost considerably less…
