Everyone is searching for alternatives to Nicehash. The NiceHash exchange is a place where people turn in their computing power over to miners who want to create a new coins. This makes it easier for users to get access to mining solutions without having to compete with massively large miners from all over the world.
In this guide, we are going to share with you which are the alternatives to Nicehash. There are some platforms that are sharing with users the possibility to mine a wide range of virtual currencies. Although not all of these platforms will necessarily replace Nicehash, it is always good to have alternatives to Nicehash.
What is Nicehash?
NiceHash was confirmed to be hacked a few years 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. However, this amount has reached a price of $282 million in 2021.
NiceHash has currently stopped mining operations while investigations are ongoing to know what exactly happened. A few days later, Nicehash’s service was relaunched, but some of the users lost faith in what 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?
Alternatives to NiceHash
In the next sections, we are sharing with you the best alternatives to Nicehash. Take into consideration that the platform you use will depend on different things. The alternatives to Nicehash that you want to use are those that offer similar services at a better price. Moreover, you could also search for better services at a lower price.
Cudo Miner is a crypto mining software that can be downloaded and installed on the PC to mine altcoins. The software was developed by Duncan Cook and Matt Hawkins who are both IT specialist.
The software is compatible with Windows, Ubuntu and Mac OS. To set up the software on your pc, visit the official website of the miner download and install. Then proceed to create an account.
The software offers users many features including automatic algorithm switching that ensures they mine the most profitable coins only. This is done by scanning the coin value and its difficulty and then switching the mining efforts automatically to ensure the user attains the highest profitability at all times.
However, for seasoned miners that know how to optimize their machines to mine a specific coin they can choose to disable the auto algorithm and manually select the coin to mine.
In conclusion, Cudo Miner is designed in a way that it’s easy to use for both new and experienced miners. It’s also one of the few cryptocurrency mining software available in the market that allows users to make profits from the activity.
With a built-in GPU overclocking settings and ISO build, Cudo Miner is an awesome NiceHas alternative.
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 app, which is available for Windows OS, 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.
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.
Nicehash is one of the best platforms if you want to mine virtual currencies through cloud mining. Nevertheless, there are some platforms that could work as alternatives to Nicehash. Everything depends on your needs and the platforms that offer these solutions to you.