Nicehash is not a classic mining pool. The platform is the world’s largest cryptocurrency mining marketplace. It is a platform for sellers and buyers of computing power.
The language, as well as the appropriate currency, is selected automatically, depending on the location of the user. For example, for a US resident, the site will initially open in English.
The service has accounts in social networks Twitter, Facebook, and others. Important news of the site are published there, for example, about technical works, about any innovations and updates. There you can also find comments and feedback from users, or contact technical support.
The service was launched in 2014. The company is registered in the city of Ljubljana, the capital of Slovenia. Serious updates of the site are regularly carried out. Developers improve the user interface, add help, introduce additional functionality.
The site offers users to earn money with the help of an affiliate program. Access to it opens after creating an account. It is necessary to inform tech support about the resources where you plan to place links. The administration of the resource can approve or reject your proposal. In case of success, you will be given access to graphic materials that can be placed on the site or in a blog. Your potential earnings will amount to about 5% of all funds that will be able to attract with the help of invited users. A small bonus of 0.000005 BTC will also be credited once.
The service has had some bad days. For example, at the end of 2017, the service was hacked and a large amount of bitcoins was stolen. The company announced this on Twitter. Many users then complained about interruptions in the work of the service. Someone did not have the site opened, making it impossible to get account information, and someone had difficulties with the fact that Nicehash miner does not start.
You can calculate the potential profit from investments with the help of a special calculator. It is available on the official website. The data that the calculator provides is based on the profitability of other users with the same equipment – that is, it is considered as accurate as possible. Pool members sometimes report that the calculator does not work, and communication with it is interrupted. In this case, it is worth waiting and trying to make a prediction in a few minutes.
The mining calculator is very easy to use and, unlike other similar services, does not require specifying the technical characteristics of the equipment. All you need to know is the model of the device that will be used for mining cryptocurrencies. Next, you need to specify the currency that suits you, the cost of one kilowatt of electricity at your tariff. This data will be enough to calculate the potential profit for a day, a week. All payments are made in bitcoins, so the conversion to currency is done at the current exchange rate.
Reviews of users of the miner indicate that it is a great solution for beginners in this field. Allows you to engage in cryptocurrency mining without having to understand a huge number of settings and nuances. However, the service has its own disadvantages. The main one is considered to be the lack of payments in any currencies other than Bitcoin. Everyone knows that this currency, although it is the main currency, but has a number of disadvantages. For example, transactions are too expensive, and it takes a long time to wait for their full confirmation in the blockchain. In addition, some users would like to receive rewards in the currency they are mining, but they can not or do not want to use other software.
The main advantages of this miner are: support for all the most popular algorithms, the ability to work on GPUs from AMD Radeon or Nvidia, and CPU mining is also supported. The program can independently decide to enable dual-mining, if it is beneficial at the moment. The software runs on 32- and 64-bit systems, but some algorithms only work on 64-bit systems. You should make sure that the bitness of your operating system is appropriate if you plan to use these algorithms. However, it is still not recommended to use Nicehash miner 32 bit if you do not want to see messages that Nicehash does not see your video card/processor. The older the software version, the more likely it is that it is not mining as it should.
Nicehash miner legacy source files can be found on github. It should be noted that more than one virus and mining bot has been created based on this software.
