Re:Regarding the NiceHash security breach
by dgacmu on Wednesday December 06, 2017 @06:10PM
(#15866024)
A multi-pool: you point your miner at them and they switch automatically to the coin with the highest expected profit to mine. They pay miners in BTC. On the other side, they let people bid on mining power to direct to coins of their choice.
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Re:Regarding the NiceHash security breach
by tellism on Wednesday December 06, 2017 @06:48PM
(#15866246)
As others have pointed out, it's not a pool. They're a service for connecting people with miners to people who want to mine something. They're a hash reseller. A user bids for mining power and where they want it assigned. Miners post rates they're willing to mine at.