Although NiceHash is usually regarded as a mining service, it's better to say that it's a kind of a platform for selling/buying cloud mining contracts. What is special about NiceHash is that users can opt for both selling and buying the hash power on this platform.
Those who sell hashing power don't have to register an account on NiceHash while buyers are required to have one. The algorithm can be selected in the order window. Also, users set the maximum price they can pay and the desired capacity. Minimum sum is 0.01 BTC. When the process is active users still can control and regulate it. The active orders are marked with blue color.
NiceHash supports different algorithms including SHA-256, Scrypt, and X11. NiceHash collects a 3% fee for each transaction. The user chooses the time when the rewards get sent from the NiceHash storage to her/his wallet.
Although nowadays NiceHash is considered to be quite a safe platform it was hacked in December of 2017 when Bitcoin was on its high. Compensation followed later when the BTC price significantly dropped.
Write your review
NiceHash is great! I like their exchange and the fact that you have mining and exchange in one platform. Very convenient!
I dont like high fees either.
I don't trust cloud mining in general but NiceHash is something different. I'm not happy about the high fees (3%) they take from my coins, but still, for me, NiceHash is a good option to earn something without any troubles. First, it took time to figure out how this service works, but now after one year of using it, I feel quite satisfied with NiceHash.