It was back in December when the unfortunate news spread that the well-known mining marketplace Nicehash had been hacked; and not only this, the losses were valued in around $60 million that used to belong to funds of different users of the platform.
Regarding the subject, Nicehash released a public statement on Reddit declaring: “…our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken”.
Of course, the whole situation was a significant concern for the users of the marketplace, which as a consequence, started the task of seeking a Nicehash alternative to use. Following I’ll specify three different option, you could be using if you want to surpass the now not-so-popular mining market platform.
Cudo Miner is a crypto mining software that utilizes unused computing power to mine cryptocurrencies without interfering with the usability or performance of the user’s machine.
The miner was developed by Cudo Ventures, a carbon neutral software manufacturing company. The software is designed to switch algorithms automatically to mine the most profitable crypto coins.
According to the company, part of the revenue generated from Code Miner is invested towards reducing carbon emission around the world.
Currently, Cudo Miner supports mining of nine altcoins that feature five different mining algorithms. The software can mine the different crypto coins both on CPU and GPU concurrently, and this ensures users get maximum returns from their devices.
Users using a standard PC have the option of choosing to mine when their machines are idle. This ensures that the miner doesn’t interfere with day to day productivity of their devices. They also have a built-in GPU overclocking settings and ISO build – which makes it perfect as a NiceHash alternative.
The miner also presents users with performance data which helps them get an estimate of how much they can earn daily and monthly depending on their hardware and hashrates.
Minergate could definitely be an excellent alternative to move on from Nicehash; it functions in a very professional way and has one of the cleanest interfaces among its rivals, a fact that of course has granted it a very good traction in the market.
Regarding configuration, Minergate gives great usability but requires, on the other hand, a more elaborate setup than Nicehash — so perhaps you need to invest a little extra time configuring your hash.
The same way, it has a few restrictions when it comes to the payout, where the platform compels you to take out the money in the exact currency you were mining, dissimilar to Nicehash, which gathers all of your hashing results and give it back to you in Bitcoin.
However, the platform offers you a great solution for this problem, nothing less than its very own exchange net called “Changelly”, with which you will be able to trade your mined tokens into the one you prefer the most.
All in all: On Minergate you can get a clean interface, different mining currencies, customizing options, low fees, and a smart miner that allows you to choose the more valuable coin. Nonetheless, it also has awful hashing rates and the earnings release time lasts longer.
HoneyMiner enables individuals to make passive income for the rest of their lives with their computer system mining cryptocurrencies. The easy-to-use app is optimized to calculate the profitability of mined coin to know what to mine for best profit. All that’s needed is to activate the app, and the program does its thing with no additional effort from users.
To get started, click on the “Start earning now” or the “Download” buttons at the top of the page and the app, which presently is built for the Windows OS will be automatically downloaded to your PC. The MAC version of the software currently is under development and should be released shortly.
After a successful download, you are required to go through a simple registration which tracks your activities on the platform. For this process, you all that’s needed is a valid email address, and a secure password will be generated for you.
When mining, you see the break down of all activities which includes the coin being mined at that particular time. All mined coins are converted into Bitcoin cryptocurrency in which all payouts are made.
All in all: This app is the best alternative to solo and pool mining which have proven to be not so rewarding in recent times. Nevertheless, though mining with your processing power is profitable, adding a GPU to boosting mining will fetch even more profit for you in the long run.