NiceHash Review – Largest Crypto-Mining Site

NiceHash (nicehash.com) is the world’s largest crypto-mining marketplace that was created upon the concept of a shared economy. By connecting sellers and buyers on a global scale, NiceHash.com has successfully created an operation that connects these two chief components to enable investors the ability to receive computing power for mining cryptocurrencies. Brought into existence on March 24th, 2014 this operation has grown to exponential heights which on average harbors over 160,000 cryptocurrency miners daily.

What is NiceHash?

NiceHash applies a new spin to cryptocurrency mining that revolves upon the relationship between the sellers and buyers. Users have a total of 3 options to pursue when using NiceHash. The first would be that users can choose to sell their hashing power generated from their mining hardware to accrue earnings. Second, would be that investors can choose to buy a package to mine a particular cryptocurrency at a designated set pool with a supported crypto algorithm. The last option would be a combination of being both a buyer or seller through NiceHash.

Who is Behind NiceHash?

NiceHash is owned and operated by a limited liability corporation known as NiceHash, d.o.o.  A search through a European business register portal known as KyCkr will reveal that NiceHash, d.o.o. is, in fact, a registered corporate entity within Slovenia under the company code 8015635000. Down towards the bottom of nicehash.com About Us page the provided corporate address for this corporation would be Pot za Brdom 104, 1000 Ljubljana, Slovenia.

NiceHash for Buyers

Users who wish to buy hashing power to mine cryptocurrencies will need to Register for Buyers. Once you have registered your account you will be added to the mining pool where users will direct the purchased hashing power towards buyers. Next you set the bid or fixed price for mining and execute a new order. Users who enroll with a buyer package will be able to monitor their orders on the live marketplace.

In order to get started with a buyer package at NiceHash, users must fulfill a minimum payment of 0.005 BTC for every algorithm. It should be mentioned that no contracts are incorporated on the site so you are able to cancel at any time and best of all there are no cancellation fees. Buyers are protected through NiceHash and never end up having to pay for faulty rigs or invalid shares and are able to track their workers performance. Furthermore, investors have the ability to choose between 3 buyer packages which are listed below:

Bitcoin – SHA256

Hashing Power: 0.05 PH/s for every 24 hours

Starting Cost: 0.0091 BTC

Ethereum – DaggerHashimoto

Hashing Power: 0.74 GH/s for every 24 hours

Starting Cost: 0.0050 BTC

ZCash – Equihash

Hashing Power: 0.01 MSol/s for every 24 hours

Starting Cost: 0.0063 BTC

Supported Cryptocurrencies: Litecoin, DogeCoin, FedoraCoin, Bitcoin, Bitshares, EmerCoin, Digibyte, LeoCoin, Dash, FuelCoin, StartCoin, VCash, HellenicCoin, AmberCoin, Maxcoin, HTMLcoin, MaryJane, TalkCoin, Feathercoin, Orbitcoin, PhoenixCoin, Vertcoin, Crypto, VanillaCoin, DGB-Qubit, Quark, Monetary United, AmsterdamCoin, Axiom, BlakeCoin, Decred, Diac, Holdcoin, Ethereum, Ethereum Classic, Monero, DigitalNote, Lbry, Zcash, Cash Classic, Zencash, Hugh, PascalCoin, SIBCoin, Siacoin, NevaCoin, Netko Coin, Verge & Signatum.

NiceHash for Sellers

NiceHash is supported by over 330,000 daily active miners and offers free software, user-guides and support. Payouts are able to earned once a day as long as 0.001 BTC in profits has been generated. Again, users are not required to enter a set contract for selling hashing power so users can choose when they wish to start or stop and remain fully anonymous at all times through NiceHash.

In order to start supplementing your income by becoming a seller, you’ll be required to get started with their Seller Registration. Once you create an account the buyer will place a new order where he will dictate which price, which algorithm and the duration of time they wish to mine. Next, the sellers start fulfilling the order and starting earning bitcoins for every valid share.

Is NiceHash a Pyramid Scheme?

NiceHash is not a pyramid scheme. Unlike the vast majority of crypto-mining operations that we review, NiceHash has a sustainable business model that revolves around an intuitive seller and buyer dynamic. This innovative set up allows for users to decide between investing into a mining package or allowing them to amass profits by selling their hashing power. Regardless of which avenue an investor chooses to get started with at nicehash.com, the ability to generate tangible profits are promising and can be better understood by using their Profitability Calculator.

Popularity

As of November 2nd, 2016 NiceHash possesses a global rank of 3,991 according to a SimiliarWeb report. On average this site receives a total of 19.50 million visitors monthly while over 50% of that traffic comes from users who reside within Russia, the United States, Ukraine, Japan and Thailand. Furthermore approximately 30% of the traffic is funneled through referrals which originates from sites like BitcoinTalk.org.

NiceHash Review Conclusion

NiceHash is perhaps the world’s largest and most reputable cryptocurrency mining operation. Used daily by hundreds of thousands of users is testament enough that NiceHash is a legitimate and trustworthy Bitcoin investment opportunity. Whether you are looking to sell hashing power or mine cryptocurrencies, users are able to generate tangible profits which is an element that most other competitive cryptocurrency mining operations have eluded in accomplishing.

Our advice for those of you looking to make a splash in the Bitcoin and cryptocurrency domain would be to consider NiceHash. Honestly, you would be hard-pressed to find a more legitimate opportunity in regards to crypto-mining.

Verdict: NiceHash is a legitimate and trustworthy crypto-mining marketplace!

Do you have any experience or knowledge to share about NiceHash? We encourage you to share your feedback in the form of a comment below!

To receive intuitive reviews and critical scam warnings directly to your inbox make sure you subscribe to ScamBitcoin.com!