NiceHash Overview

NiceHash is a Slovenian-based cryptocurrency cloud mining company that utilizes a sharing economy approach. It connects sellers of hashing power with buyers looking to purchase hashing power for cryptocurrency mining.

Sellers on NiceHash have the option to offer various types of mining hash power, including CPU/GPU, ASIC, and Rig Farm. When a buyer places an order, they are matched with a suitable seller who then fulfills the order by mining the chosen cryptocurrency. Sellers earn Bitcoin for their mining shares and receive regular daily payouts. All sellers remain fully anonymous and have the flexibility to start or stop mining at their discretion.

Buyers on NiceHash have a diverse selection of cryptocurrencies to choose from, with popular options like Bitcoin, Ethereum, and ZCash. There is a minimum order price of 0.005 BTC for any algorithm, and buyers can terminate mining operations at any time. Buyers also have the ability to monitor their statistics and select their preferred mining pools.

Fees on NiceHash

NiceHash imposes various fees on its users:

For Buyers:

• 3% fee on orders placed.
• 0.0001 BTC fee for creating new orders.

For Sellers:

• Payout fees ranging from 2% to 5% based on the amount of BTC in the wallet.

Additionally, NiceHash applies withdrawal and deposit fees for their wallet services, with the fees varying depending on the amount of Bitcoin involved.