The NiceHash exchange is a place where people turn in their computing power over to miners who want to create a new coins.
NiceHash was confirmed to be hacked a few days back with hackers moving lots of investors Bitcoin from the platform.
Though NiceHash hasn’t come out to mention the number of Bitcoins that were stolen Reuters has reported the figure to be around 4,700 Bitcoins which is worth over $60 million at the time of writing.
NiceHash has currently stopped mining operations while investigations are ongoing to know what exactly happened. A few days later, Nicehash mining service was relaunched, but some of the users lost faith in what it was the most user friendly mining platform.
Pending the time NiceHash resumes operation, there are alternatives you can get onboard to make some money through mining. So, what are some good nicehash alternative services?
The HoneyMiner sets you on a course to make your computer system a mining rig, converting your processing power into some extra passive income. Unlike having to mine by yourself, mining with the HoneyMiner saves you a lot of costs you could have incurred, especially on electricity.
The HoneyMiner which is available for the Windows OS presently is easy to download and set up. All that’s required for registration is a valid email address.
The program is developed in such a way that it automatically detects which coin is most profitable to mine at any point in time, mines it and converts all cryptocurrencies mined into Bitcoin for payout. Payout requests can be made into any Bitcoin wallet with support for Venmo coming soon.
There is also a consideration for those who have previously been into cryptocurrency mining; those with mining farms. The HoneyMiner App can make use of high processing speeds as well to mine cryptocurrencies.
This mining is highly profitable as anyone can join irrespective of their hardware power. The Crypto Calculator helps you determine how much you can earn if you hodl your coins for a specified period.
The MinerGate cloud mining program makes mining profitable and affordable for everyone. You can mine Bitcoin and 14 other cryptocurrencies for a low fee. Hashing24, a Scotland based company, provides MinerGate with the hash power needed for bitcoin cloud mining.
Your hash power determines how much coins you can mine in a giving period. To purchase a 20GH/s for could mining, you need a 0.0034 BTC one-time fee with a daily maintenance fee of 0.0066 USD which is relatively low compared to other competitors. Pricing for 100GH/s and 500GH/s are 0.017 BTC and 0.085 BTC respectively.
MinerGate’s advantage over NiceHash is you don’t store your coins on the platform. Mined cryptocurrencies are paid directly into your wallets when minimum payouts are reached. So the fear of losing a considerable chunk of bitcoins if the mining company goes down is out of the way. Minergate vs Nicehash? The Nicehash platform is way more profitable than the Minergate one, but the lack of confidence people now have in Nicehash makes Minergate a good alternative.
Downloading the WinMiner application sets you up for making some extra income with your computer hardware when they are not in use. WinMiner is developed by the same company who owns the most popular download manager on the web today; the Download Accelerator Plus Manager, and as such seems to be genuine and not a scam.
With the WinMiner, you need a recommended system requirement of a Windows 7 or higher operating system, an Intel i3 CPU or it’s equivalent and a graphics card of 2GB memory which is optional as indicated on the WinMiner official website.
With WinMiner there are divers payment methods. You choose to get paid in either PayPal, Amazon, iTunes gift cards and standard cryptocurrencies wallet address. Who would win in the battle of Winminer vs Nicehash? Probably only the users that used both services for a long time can offer us a perspective regarding this.
The Kryptex Miner for Windows users makes mining easy though they do not specify or allow you to determine what cryptocurrency you will be mining. Downloading the application analyses your computer hardware and gives you the fiat value of how much you would be earning daily and monthly. Your earnings are then sent to your Bitcoin wallet address, and you also have the option to get paid with the Qiwi Visa Wallet which is a free online bank card which can be used on the Internet like your Visa card.
Your withdrawal options for your country would give you a guide on which one is best.