A Brief Overview of NiceHash in 2020
NiceHash is a cryptocurrency cloud mining company, founded in 2014 Slovenia. The company goal is by pairing up the sellers and buyers of hashing power and crypto traders daily.NiceHash have developed next-generation secure platforms and techniques for cryptocurrency miners and traders to bring the best possible user experiences all around the world
NiceHash is an open marketplace that brings together the sellers/miners of hashing power with potential buyers of hashing power. Buyers choose the cryptocurrency (e.g., Bitcoin, Ethereum, and Litecoin) that they wish to mine, choose a mining pool, select the desired bidding price, and place the order.
The Sellers of mining hash power have the opportunity to sell ASIC, CPU, GPU, and Rig Farm to potential compatible buyers. The seller then resumes mining the digital coins to fulfill the buyers’ demands. The sellers earn the Bitcoin according to the sharing agreement. The sellers are completely anonymous and execute minings according to their choice.
Buyers can place the least order price of 0.005 BTC for every algorithm and can cancel the order at any time without any additional charges. At NiceHash, users can follow their orders and their performance in real-time and exchange their cryptocurrencies instantly.
Besides, there exists withdrawal and deposit fee for the NiceHash wallet that relies on the amount of Bitcoin (BTC) intended to withdraw or deposition.
The key features of the website are explained as,
1. Mining: This section is organized into subcategories of Mining with CPU/GPU, mining with ASIC, NiceHash OS, profitability calculator, and Miner stats.
2. Hash Power Buying: This section is further divided into subsections including Live Market Place, Pricing, and Compatible Pools.
3. Exchange: section provides various cryptocurrencies where crypto traders can immediately trade with their mining profit.
4. Blog: section provides various information regarding product updates and press releases, etc.