Despite the fact that most of the services for mining seem very similar to each other, there are unique ones among them. In this article, we will talk about the service NiceHash, which has already won the hearts of miners.
The NiceNash service basic information
This review of the NiceHash service should start with a small background. NiceNash was developed and released to the masses as a capacity to implement the mining in a 2014th year. Developers tried to take into account all the wishes and needs of cryptocurrency users and provided:
- Regular withdrawals;
- The united market of buyers and sellers;
- Technological user support;
- Increased level of funds protection and confidentiality;
- Uninterrupted power delivery mechanism.
Thanks to this approach, the NiceHash cryptocurrency service quickly gained its connoisseurs and reached the world level.
To date, the NiceHash multi-currency service is the largest online resource that supports more than 2 dozen algorithms and offers its users ample mining opportunities.
If you also want to join the mining of cryptocurrency, then you just need to become a user of a special application – NiceHash Miner. After registration, you can control your funds, track data through your account and receive system messages that the mining is offline.
The NiceHash service website is https://www.nicehash.com/ – it functions as a backbone network. He takes part in the formation of a new number of monetary units, which determines the exchange rate and the level of complexity of its extraction.
If you start to study the NiceHash online service in more detail, then you may have an opinion that the developers were able to know in advance all your preferences and implement them.
Features of the NiceHash online service
What is so special about NiceHash and how does it differ from other similar services? First of all, the online service NiceHash is not a template version of the digital client for storing cryptocurrency or operating with it, which you could get used to during your time on the network. The service does not sell capacity at a fixed price, nor does it own its own resources for sales. In fact, the NiceHash service is an intermediary between the seller and the buyer.
To make it easier for you to understand what NiceHash is, you can compare it with a certain similarity of the exchange – its commercial activity is carried out for the purchase and sale of various cryptocurrencies. And if other services set a fixed price for their goods, which serve as a cryptocurrency, then NiceHash is an exchange where the main goal of each user is the most profitable cryptocurrency purchase or sale.
How do the NiceHash works?
What do you need to know in order to start the mining? How is it profitable to conduct transactions? These are just some of the questions that you will come across when studying the possibilities of the NiceHash. We will try to explain most clearly and in detail about everything that is important.
The NiceHash service uses two basic principles for performing operations: pool mode and cloud mode. Below, we’ll look at each of them and figure out what’s what.
Working in pool mode
As already mentioned above, the NiceHash service is an intermediary in transactions for the cryptocurrency purchase and sale and simply provides a “field” for actions. Users are engaged in coin mining on virtual pools. Miners are offered two ways of mining: by selecting and adjusting the algorithm for themselves, or using multimining with automatic switching.
Why do we always talk about algorithms, and not about cryptocurrency, you ask? The answer is simple: the NiceHash service does not sell and does not buy Bitcoins. It only provides resources for the implementation of mining and conducting transactions. You can either set up your equipment for an algorithm for finding coins and rent more powerful hardware from other users and set it up for production.
Working in cloud mode
The main difference between working in pools is the need for registration. This is necessary – when you rent equipment from other users, you must have your own wallet with a balance of Bitcoins there to pay for services.
The registration procedure is standard and will not raise questions even for the beginner:
- Go to the site https://www.nicehash.com;
- Select the registration section;
- Fill in all the fields suggested by the system;
- Pass verification procedure.
After completing the registration, you will open an order window and you will be able to start a full-fledged work.
Advice! To make it easier for you to navigate at the beginning of work, we strongly recommend that you first add the addresses of the pools, and only then purchase the capacities.
In the “Live MarketPlace” section you can manage orders. Buttons for creating orders in the accelerated mode are at the top relative to the order table: blue for standard, and green for fixed.
Getting started in NiceHash
To explain how to get started in NiceHash service, we’ll look at an example of starting an activity in outsourcing. The step-by-step instruction is as follows:
- In the main menu of the site we find the section “Getting Started” and click on it;
- We search for NiceHash Miner and download the archive;
- Unpack the files and run the installation wizard;
- Follow system prompts;
- Accept the License Agreement and click “Finish”.
This completes the procedure for installing NiceHash Miner – you can start exploring the capabilities of the service using the application of the same name.
The advantages of using NiceHash
Why should you choose the HiceHash for mining? To answer this question, we give several arguments:
- Online service does not provide a fixed cost of capacity – you independently choose the price of the cryptocurrency that suits you and conclude a deal;
- There is no need to rent equipment from dubious organizations – you do this through cooperation with the same users as yourself. More experienced and progressive users have already managed to create their own capital and are not at all against receiving income from renting their equipment;
- Transparency of the whole work – you can know the size of your earned capital at any time. At the same time, payments are made four times a day;
- The ability to watch over the trades and influence the value of goods, the demand for them and the quality of offers.
Conclusions about the NiceHash service
What about the online service NiceHash? Unique – yes, progressive – without a doubt, many advantages – one more “yes.” However, its uniqueness lies precisely in the main thing – in principle, the work of mining. As an intermediary, the NiceHash provides the user with ample opportunities for transactions. Here you will find what to do both beginners and experienced professionals. If you just try yourself in the world of cryptocurrency, you can stop at the usual mining, using a variety of “hardware” and getting a reward in Bitcoins. If you know your potential and are confident in your skills of the miner, then at your disposal are impressive quark-type capacities or x11 – mining on pools or solo provides an opportunity to mine coins and lease power for mining.
We can say with absolute certainty that the service is unique and has incredible potential. Providing direct contact of P2P type, NiceHash service is able to satisfy the requirements of all users:
- Mining on own equipment through NiceHash Miner;
- Rent of facilities from users;
- Mining on other pools;
- Experiments with forks.
Any miner will be able to tell you that a service that provides such opportunities for activities cannot be left without attention.