Nicehash Review



  • Option to trade hashpower
  • Possibility to mine numerous altcoins te the pool
  • Lotsbestemming of information about services and products
  • Complicated product structure is technical, not for new-comers
  • Only bitcoin payment option is available
  • Different prices for European and US customers

About NiceHash

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Nicehash offers complicated solutions for those who want to get involved te the cryptocurrency cloud mining business. Beside running a mining farm to suggest cloud mining services, Nicehash is also a mining pool and a place where users can buy and sell hashing power. They aim to reduce the risk and worriess that is associated with physical mining and bring the hashing powers directly to their clients.

About Nicehash

Nicehash has bot on the mining market since 2014. Albeit there is a lotsbestemming of details about cryptocurrencies and mining on the webstek, unluckily they do not disclose the identity of their owners or any specific details about the mining farm. The servers are located ter Europe and ter US, but the precies location is not provided.

Even a web research does not results much more details about the company, but at least the internet is not utter of their complains and scam reports. At least they care about security measures spil they are using CloudFlare spil web protection and Bit Go bitcoin wallet to secure the mined bitcoins.

Services Provided

SHA256, Scrypt and X11 algorithms are all available to purchase at Nicehash.

Nicehash is suggesting complicated service on the mining market. They combine the mining power of different miners around the world into their only mining pool. At the same time they boost the pool’s hashing power by adding their own mining facility that is available to rent out te terms of cloud mining services. Moreover Nicehash does not restrict the use of their pool to join, miners – be it physical or cloud miner – can join any mining pool they wish. On the top of that, users can buy and sell hashpower on the market developed by Nicehash.

Compared to other cloud mining providers, the specimen of Nicehash is not based on investments, but rather on advanced cloud mining practice. They do not emphasize the profitability nature of mining, but te stead attempting to bring a sophisticated service to their clients.

Ter order to purchase hashing power at Nicehash, clients have two types of contracts to choose from. The standard bidding process permits the clients to bid for a price that they wish to pay. If someone on the market makes a higher bid on the order, then they receive the contract. This process can ensure fair market price of the mining contracts and can also mean cheap prices for fortunate customers. Nicehash even offers automatic order management, which ensures that the bidding goes spil high the clients lets it go. The other option is the immovable price contracts are for those who like to know the prices of the cloud mining contracts upfront. Once the stationary price contract is paid, the hashing power of the contract remains the same during the lifetime of the order. Immobilized price contracts usually have higher fees eventually compared to standard bidding orders and can only represent 50% of the total hashing power of the pool ter order to leave slagroom for the bidding process.

Nicehash accepts only bitcoin spil payment method. There is no option to choose credit card payment or wire transfer. They suggest Form Shift spil an option to convert altcoins to bitcoins if someone wants to pay for the services with litecoin, dogecoin or other altcoins. For credit card and PayPal they refer clients to Coinbase and list a duo or more exchanges to buy bitcoin.

The PPS payment method ensures that clients at Nicehash are receiving payouts based on valid shares only. Nicehash collects all the hashing power around the world from the workers and also from it’s own mining facility and distributes the earnings within the pool with the PPS payment method, so each miner is receiving revenues based on their contribution to the overall hashing power. The payouts are happening Four times each day.

Nicehash offers it’s Nicehashbot on GitHub. This is an open source software that helps anyone to create their own mining toneelpodium. There is also plentiful information on the webpagina about how to run mining profitable.

They also run a referral system for registered users. Ter order to enable this functions, users have to request it via email from their support team. Once it is enabled, users can earn commission from each fresh order that their referred fresh customer makes.

Fees and Pricing Schedule

The fees for cloud mining contracts are only visible for registered users. However registration is real quick spil only the email address and the password should be provided.

The price of the cloud hashing contract is based on the amount purchased. There are no individual packages, users can choose whether to set the purchased hashpower based on GH/s or the cost te BTC.

The cloud mining at Nicehash costs spil vanaf below:

  • 0.0305 BTC vanaf GH/s vanaf day for a stationary priced contract
  • From 0.0264 BTC vanaf GH/s vanaf day for a standard bidding contract – obviously this last price is only available if someone is not bidding above it.

At Nicehash clients can choose from two different servers, based on their location ter Europe and USA. This is to ensure the most optimal mining activity is reached with the available connection speed. Interestingly the US based immovable contracts are priced slightly higher compared to the European contracts, while the bidding contracts are cheaper. The immobile contracts 0.033 BTC vanaf GH/s vanaf day and the standard bidding contracts starts from 0.0254 BTC vanaf GH/S.

Nicehash is charging 3% toverfee on hashpower transactions. According to their webpagina they process this toverfee from each side of the transactions: so both the buyer and the seller vereiste pay for the processing toverfee. That makes it fairly expensive to transfer the hashpowers.

Nicehash User Practice

Nicehash webstek is available ter three different languages: beside English, clients can read the pagina te Russian and ter Chinese too. The toneelpodium is providing detailed information on both trading hashrates, setting up mining at huis or purchasing cloud mining contracts. Their FAQ section is well structured and has most likely all the answers that clients may have. Sometimes however even too much information is crammed on a pagina that makes it hard to find the relevant information on a topic.

Overall Conclusion

The services suggested by Nicehash gives a finish practice te cryptocurrency mining for users who join their podium. Beside being a mining pool, at Nicehash clients can also buy and sell hashing market on the live market. Both immobile priced contracts and contracts with bidding option are available at Nicehash. Albeit there is plentiful information on the webstek for kicking off mining and joining their service, due to the lack of information on the background of the company, users should be careful when signing up at Nicehash.


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