Nicehash.com

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Overall Rating
Nicehash.com ★★★☆☆ 2.8
5 1
Since2014
Owner/FounderMarko Kobal, Matjaž Škorjanc
Websitewww.nicehash.com
Social Links
Fraud RiskLow
Hash AlgorithmScrypt, SHA256, ScryptNf, X11, X13, Keccak, X15, Nist5, NeoScrypt, Lyra2RE + 22 more
Coins Bitcoin (BTC) LitecoinX (LTCX) Dogecoin (DOGE) LEOcoin (LEO) DASH (DASH) Siacoin (SC) Monero (XMR) AmberCoin (AMBER)

Advantages

  • Users can hook up as many equipment as they want
  • There are various algorithms available
  • The program chooses the most suitable algorithm for your work automatically
  • Users can view online statistics on the website
  • Sellers can stay anonymous

Disadvantages

  • NiceHash is a third-party resource and your income will depend on the profitability of other people, not you
  • It is not the most profitable way to get coins (considering high fees)

NiceHash Detailed Review

NiceHash is a well-known platform that provides cloud mining services. It works simply: some users have powerful hardware and sell the hashrate it generates to miners, while the others buy it to mine coins within a pool. Therefore, it would be more honest to say that NiceHash is more like something between a cloud mining platform and mining rig leasing. As a result, you get an alternative service that covers users’ needs at fullest.

In this review we are going to discuss service’s principles, pros and cons to let you know whether it is a good choice for you.

How it works?

From the first glance, NiceHash’s website seems a little bit misleading, therefore we recommend you to start from the FAQ section to learn all details about the service and the way it works. They do have an extensive FAQ section, so you will find the answers to the most questions you might have.

In short, NiceHash acts as a proxy server between you and the mining pool that your (or rented) hardware is mining at. So all you need is to install a server for NiceHash in your miner, run it and enter your Bitcoin address/password. To sell your hashrate, you don’t even have to register, but you need to create an account for buying it. NiceHash supports the following algorithms SHA-256, Scrypt, Scrypt-Adaptive-Nfactor and X11.

All purchases are made in bitcoins and no other currency is available at this website. So if you are going to sell your hashrate at NiceHash – you might say that it is similar to mining bitcoins and you get a reward regardless of what is being mined!

Pros and cons

There are some advantages of NiceHash when compared to the other services. Here they are:

  • Flexible order system for purchasers
  • Many mining pools are supported
  • More than 20 different mining algorithms are available
  • PPS system for sellers
  • No limitations on hashpower purchase
  • Various coins available for mining
  • Pay as you mine

As for the weak sides, we have found the following:

  • All payments are made in bitcoins only
  • There are high fees for transactions, especially when it comes to external wallets

Conclusion

NiceHash serves customers from all corners of the world since 2014. There you will find a great number of opportunities for mining, buying and selling hashing power. In fact, NiceHash is one of the biggest resources where purchasers can place bids or accept fixed offers to get the best of their mining activity. At the same time, individuals who are looking for an opportunity to sell their hashing power can meet all the ordered requirements. As we have already mentioned, NiceHash is not just a cloud mining services, but a mediator. The platform works according to the principle “from people, to people”.

This is a trusted platform and we didn’t find any pitfalls in its services, so we can boldly recommend this website to all users – buyers and sellers.


Client Reviews

★☆☆☆☆
1 5 1
It's just unattractive to rent a mining rig from nicehash to mine, it's a losing venture if you want to rent, because the number of bitcoins I use to mine, the proceeds will not even reach the amount of envestment, not to talk about profiy. I tried it for almost two weeks and I did not make an profit on my investment. So it is not worth it to rent a rig form nicehash, And their charges are also high that will also eat into your investment

★★★☆☆
3 5 1
If you are looking for a place to provide your rigs for rent then Nicehash is a nice choice. However, if you are a buyer, you won’t get too much money here. I tried using Nicehash for a couple of days – I could only mine 10% of the expected ethereum coins for the quantity of hashrate I ordered

★★★★☆
4 5 1
I started using Nicehash recently and everything works smoothly for me. I provide my rig for rent there and receive my profit consistently

★★☆☆☆
2 5 1
What positive experience you are talking about marion_rf? This website is actually not a scam, but everything works too slow and the transactions take days. I’ve been waiting for my payout for three days, for example. Plus, fees are very high. The website is reliable but not very advantageous.

★★★★☆
4 5 1
Nicehash works ok for me. I am running RX 460 on this site for 2 months so cannot boast of significant pays at the moment, but they are stable and I’m looking forward to see them grow. They have some kind of a marketing trick and give you an additional dollar for your hash rate extra dollars can’t hurt!!

★★☆☆☆
2 5 1
looks like fraud

★★★★☆
4 5 1
I am new to cryptocurrency mining and Nicehash is my first cloud mining website. I have been using this resource for about 4 months mining ETH and have already made a number of payouts. You may work on a mining pool of your choice and view charts and tables that allow you to see how your mining is going and check all the processes from within. I had positive experience with Nicehash and believe that this platform is worth your attention.

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