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NiceHash

NiceHash

NiceHash is a platform for mining and trading cryptocurrencies.

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All edits by  Vadim Zhdanov 

Edits on 14 Jun, 2022
Vadim Zhdanov profile picture
Vadim Zhdanov
edited on 14 Jun, 2022
Edits made to:
Article (+1768/-226 characters)
Article

NiceHash is a global cryptocurrency hash power broker and cryptocurrency exchange with an open marketplace that connects sellers of hashing power (cryptominers) with buyers of hashing power using the sharing economy approach.

The project allows miners who have production facilities to sell their services to people who would like to start mining, but do not have the necessary equipment. Here, an economic sharing approach is implemented - not every miner or mining pool can be rewarded with cryptocurrency for work, while electricity and equipment wear and tear constantly require money for maintenance. As a result, it is easier for miners to rent out their equipment, earning money from it. And buyers, if their rented capacities can receive a reward in cryptocurrency, receive a much larger amount, which is enough to pay the rent further.

In addition, the NiceHash project invites miners to join pools to increase the chances of receiving a reward. In addition, the company became the first in the world to create software to bypass the lock on Nvidia's Light Hash Rate series graphics cards.

Separately, the company offers a trading platform for the exchange of cryptocurrencies. Platform users are offered more than 80 trading pairs, among which the most popular are XRP/BTC, ETH/BTC, BTC/USDT, ETH/USDT, LTC/BTC.

When exchanging digital assets among themselves or for fiat currency, the company takes a commission. Depending on the amount and form of exchange, the commission can be up to 0.5%.

At the same time, it should be noted that the account on the NiceHash platform is replenished in euros. The minimum amount for replenishment is 1 euro, but it is recommended to replenish immediately with 25 euros, since this amount allows users to carry out some transactions.

The NiceHash project also has a demo site where beginners can learn how to work with digital assets and mining. The demo version completely copies the functionality of the real site with all commission sizes and tools.

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