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.
Table of ContentsWindows 10 Pro v1909 running on an Intel i7 6700K CPU @ 4 GHz with 16 GB RAM and an NVIDIA GeForce 1060 graphics card with 6GB of memory. Drive C is the main drive, which is a Samsung evo 250 SSD. NiceHash has been repaying its users 'through our fees and thus cutting our profits,' said CMO Andrej Skraba in an email to CoinDesk. Skraba said his company was planning to repay in full sooner.
Nicehash Ethash $3.24. NVIDIA GeForce GTX 1060 6GB: Oct 2016: 22.50 Mh/s Ethash 90W $3.57 $3.35 ETH Ethash $3.35. Nicehash Ethash $3.14. NiceHash launched in 2014, right around the time of the first major spike in cryptocoin mining (second if you want to include Bitcoin's initial surge to $32 per BTC in 2011). Prior to NiceHash.
- 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.
CudoMiner
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
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.
MinerGate
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.
Kryptex Miner
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.
Conlcusion
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.
NiceHash is great for newcomers who want to dip their toes into the mining scene. It allows anyone to use their computer to mine cryptocurrency with its GPU(s) and/or CPU. With its simple to use software and quick setup, anyone can setup a NiceHash miner in just a few minutes.
The main feature of NiceHash is it inherently auto-tunes to the most profitable cryptocurrency algorithm so you maximize your efficiency of your hardware. In this guide we will go over the minimum requirements for mining, how to setup and link your bitcoin wallet, and how to install and configure NiceHash.
NiceHash Mining Guide
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Contents
The minimum requirements must be met in order to set up a stable mining computer.
Minimum Requirements:
- Windows 7 or newer 64-bit OS
- if CPU mining, modern CPU with SSE2 support
- if nVidia GPU mining, GPU with compute capability
- if AMD GPU mining, GPU with OpenCL support
- if CPU mining, most up to date chipset drivers
- Internet Connection
Before you start, always ensure that you have the latest appropriate drivers installed to ensure things go smoothly without crashing. Also note that almost all antivirus or anti-malware will pick this software up as malware.
Before you install Nicehash, it is recommended to increase your virtual memory at this point to ensure the mining software runs smoothly.
To ensure you have the correct virtual memory enabled, search for system in the start menu. Open system and on the left hand side click ‘Advanced System Settings.’ Go under the advanced tab, under performance settings, and advanced again. Then click ‘Change’ under virtual memory. Uncheck the box that states to ‘Automatically manage paging file size for all drives’ and then input a custom size of 16384 (or whatever is the maximum allowable value) into the Initial and Maximum size fields. This will prevent you from having any errors with virtual memory.
Visit this page and select either the nVidia or AMD version depending on your GPU. Currently, there is a 2.0 version for nVidia miners, but AMD users will still have to download the legacy version.
For nVidia
For nVidia, simply click the download button to initiate the download and then simply run to install.
The installer will also install the required pre-requisites such as Microsoft Visual C++ 2017. Once you’re loaded into the main screen, it should look like this.
Theres two options for setting your bitcoin address. They recommend creating a NiceHash account which links your pre-assigned bitcoin address and has lower fees.
For the NiceHash wallet method:
Once you set up an account and log in,
For your personal wallet method:
When clicking wallet, instead of setting a user name, at the bottom it says ‘Use BTC address (advanced)’, click this, and input your bitcoin wallet address.
Once your wallet is set, you’ll need to benchmark your devices. You should receive a message at the bottom that says, ‘Almost ready! Benchmark your devices to start mining.’ You can click the Benchmark your devices portion, or click the start button at the top.
It will perform the benchmark, then you’ll be ready to mine!
Once the benchmark is completed, the program will automatically start mining. If you set you account up through a NiceHash login, you will have to go on your account to make periodic withdrawals. If you set up your account via an external bitcoin wallet, you’ll receive payouts based on the minimum payout.
That’s it! You should now be mining based on the hardware you’ve chosen.
For AMD
For AMD, clicking the download button will take you to the GitHub where you’ll download the latest version .zip file. For AMD, at time of posting, you would download the NHML-1.8.1.9.zip file as shown below.
For the AMD miner, extract NHML-1.8.1.9.zip into a folder of your choice, using a program like winrar or 7zip.
Double click NiceHashMinerLegacy.exe to run as shown.
At this point the program will download and install the mining programs. Once that is complete, check the boxes for the devices you want to mine with.
Before you can start mining, you must do two things. The first is running the benchmark. So click benchmark on the right hand side, then click start.
Nicehash.com
Once the benchmark is completed, you must set your bitcoin address as all the payouts from NiceHash will be in bitcoin. If you do not already have a bitcoin address, you can follow this guide before proceeding.
Click on Settings when on the main page, as seen above, and input your bitcoin address into the first line as shown.
Once that’s complete there’s just one thing left to do. You need to set your server location to the nearest server. Once you’re done that, save and close. You’re now ready to start mining! You may have to allow the mining software through your windows defender.
Nicehash Download
And that’s it! You’re now mining with whatever devices you have selected.