• One of the most frequently asked questions is definitely "Why would someone buy hashing power?" There are several reasons why people buy hash power at NiceHash, rather than buy the coins directly or buy cloud mining contracts.

  • Buyers have done their math, test different luck factors on pools and reward schemes, and are buying hashing power as an investment to obtaining coins at cheaper rates;
  • Buyers can buy massive hash power and get it delivered in a short amount of time;
  • The order that the buyer's place lasts from a few minutes to a maximum of 10 days, which decreases the risk of drastic changes over time in comparison to cloud mining contracts;
  • Pool owners buy hash power to increase the luck of their pool or to test the mining performance and compatibility of their pool.

Buying hash power at HashCenter is similar to cloud mining, but it introduces the sharing economy concept that is very different from cloud mining contracts. With regular cloud mining, you buy hash power (or speed) from the company which owns all the mining hardware. With HashCenter, you buy hash power from other people, who connect their mining hardware to HashCenter. This means that HashCenter does not own any mining hardware and cannot manipulate with hashing speed prices.

The main advantages of HashCenter over cloud mining contracts are:

• Ability to buy massive hash power and spend it in a short amount of time.
• Independence from the time factor: that has a huge impact in the cryptocurrency world - you don't know if one coin can still be popular in a year.
• Flexibility in prices: You can change the price, amount and limit on the order without cancelling it. This means that you can ensure the lowest price if the marketplace shows you an opportunity to do so.
• Pay as you mine: You will only pay for the hashing speed you have received and the fee will be applied only to the spent amount of bitcoins. If you decide to cancel the order, the remaining funds will stay with you.
• Detailed statistics on order status.

The fee for using the HashCenter service as a buyer of hash power is determined in the fee schedule and is applied to the amount you have spent on your orders (the unspent amount is not charged with the fee). Note that there is no fee for cancelling an order, but a small, non-refundable fee is taken for each newly placed order to prevent order spam. When withdrawing funds from your HashCenter wallet, a withdrawal fee will be applied. You can read more about the fee schedule here.

• A buyer of hashing power is a person who wants to buy the mining service from someone else. They can do that by renting mining rigs, committing to the cloud mining contract(s) or ordering hash power at HashCenter.

  You can buy hash power and start mining any coin you like, by following these steps.

  1. Register a new account.

  2. Select your hashpower.

  3. Activate your plan for two hours for 2 hours.

  4. make a payment to continue mining.