NiceHash instruction (nice hash): installation, configuration, withdrawal

NiceHash instruction (nice hash): installation, configuration, withdrawal

Early adopters of blockchain assets mined bitcoins on their own. But already at the end of 2010, the first mining pool appeared. It still exists, and its creator is Czech Marek Palatinus an active member of the cryptocurrency community.

Mining cryptocurrency, leasing and renting equipment for generating new blocks of virtual money has become a profitable activity. Services such as nice hash pool have appeared.

What is Nicehash mining

The nicehash platform differs from the traditional cryptocurrency pool by the presence of a large selection of trade and intermediary services. On the nice hash platform, you can sell or buy a certain amount of computing power, with payment upon completion of the work. In fact, Nicehash is a large mining exchange.

How the service works

Nice hash pool constantly monitors fluctuations in mining profitability and automatically redirects workers to more profitable altcoins. The owner of a mining farm does not need to select a separate software for each algorithm himself. The nicehash miner will do it all. For newcomers to the mining business, nicehash mining is attracted by its ease of use and predictable payouts.

The company has released the Nicehash OS (NHOS) operating system, where any user can try to set up a farm in a fully automatic mode.

NiceHash OS (NHOS) is an operating system that boots from a USB stick and runs from the computer’s memory. This operating system is based on LINUX, it contains all the tools and drivers you need to get your mining farm going. The administration of the Nicehash service recommends using NHOS for owners of large mining rigs, including ASIC miners. NiceHash OS is free and you can connect an unlimited number of rigs. Detailed instructions on how to create your first bootable NiceHash OS flash drive can be found on our website.

The latest version of NiceHash OS 1.1.8 is available on the official website https://www.nicehash.com/. It adds support for the new CuckaRoo29 algorithm. NHOS updates are downloaded and installed on your mining rigs automatically.

The pool has its own profitability calculator, nicehash mining equipment and an internal wallet for storing cryptocurrency. NiceHash customers can exchange various digital coins on the built-in NiceHash Exchange.

Nicehash mining is ideal for those wishing to engage in passive Bitcoin mining. Previously, the nice hash pool paid miners exclusively in BTC, but the updated platform supports the withdrawal and replenishment of the balance with several digital currencies, as well as the euro. Before you can deposit Euros (EUR) into your NiceHash wallet, you first need to go through the KYC procedure.

Read This Now:   ROG STRIX RX 480 8G Review: Controller, UVD, VCE and Watt | Polaris Graphics Card

NiceHash Miner or NHOS is free software that allows you to connect your computer or mining farm to the NiceHash hash-power marketplace. You will then be able to rent out computing power to earn cryptocurrency. Every user can start mining without the need for deep technical knowledge of cryptocurrencies. NHM has been adapted for ease of use and has a very simple interface. At startup NiceHash Miner is connected to NiceHash platform and NiceHash open hashing power marketplace.

How to set up a mining program

To work on a nice hash cryptomining site, you need to go through the registration procedure.

  • Enter your e-mail and password, confirm the creation of an account and enter the nice hash pool account;
  • It is recommended to immediately enable two-factor authentication to strengthen protection against hacking;

When you register a new NiceHash account, you get access to multiple cryptocurrency addresses (wallets). The list of supported cryptocurrencies is here.

How to install nice hash

Important! Never download nicehash miner from unverified sources. Be sure to catch a virus or hidden miner. Latest version NiceHash Miner 3.0.4 can be downloaded from the GitHub service. The application must be added to the firewall and anti-virus software exclusion lists. Upon completion of the installation, you must enter the address received after registration and create a worker. You can use Bitcoin address (BTC) for mining or making deposits.

If you use NiceHash as a miner, all of your mining proceeds will be paid to your NiceHash Bitcoin (BTC) wallet. You can view the list of available payment options in the section “Payments».

We are waiting for nicehash miner to determine compatible devices and download the necessary software, then we produce a benchmark. The term benchmark refers to benchmarking the performance of nicehash mining hardware.

Correction of nicehash miner settings is allowed. The user independently chooses the algorithms and the speed of the benchmark execution. Please note that when choosing an accurate (slow) nicehash miner for setting all hash algorithms, the process will take several hours.

  • It is not recommended to use the computer during the benchmark, this will cause the process to crash and restart Windows. Those who wish can work nicehash miner only on one algorithm, for this you need to tick the selected parameters, for example, Ethash or Cryptonight. If benchmarking fails, try running it in “accurate“Or manual benchmarking. See the video instructions for setting up the miner below.

How to add to startup

In the tab “Settings»Set the parameters for launching equipment for mining nicehash. We put a tick opposite: “Start with Windows” and “Autorun mining”, save the values ​​and run NiceHashMinerLegacy.

Read This Now:   Mining on NVIDIA GeForce RTX 3080: profitability | Hashrate | Specs

The program automatically selects the mining of the most profitable coin and the miner window will appear.

  • Information about work and current balance is displayed in your personal account.

How to top up the balance of the service

You can deposit the desired amount of bitcoins (or other supported cryptocurrencies) into your NiceHash wallet. Please note that small BTC deposits are subject to notional deposit fees.

Always be careful when funding your cryptocurrency funds! Deposits sent to the wrong address are usually irreversible!

Withdrawing funds from NiceHash wallet

The following options for withdrawing bitcoins are available:

  • Withdrawing funds to a BTC wallet – you can withdraw your assets to any other valid BTC address. When withdrawing funds from NiceHash wallet using this option, a withdrawal fee will be charged.
  • Withdraw funds to your Coinbase account. This transaction takes place instantly and without any fees
  • Withdraw funds to Payeer – You can withdraw your BTC funds to your Payeer account. When using this option, a withdrawal fee is charged.

For all other supported cryptocurrencies, regular withdrawals are available to a compatible hardware wallet address, exchange wallet address, and any other compatible desktop, mobile, or other wallet address.

Once you have received money in your NiceHash wallet, you can withdraw funds at any time, but please note that withdrawals are processed automatically if you have 2FA enabled! Otherwise, you will have to wait for manual confirmation, which is performed several times a day. You can find out the amount of the withdrawal fee on the “Fees” page.

Profitability calculator

A preliminary calculation of the mining profitability is available on the service. It is enough to select the equipment model and the electricity price in your region from the list to see the amount of payments. In the “Profitability calculator” section, enter the data:

  • Choosing a manufacturer and a video card;
  • Number of devices;
  • Power consumption.

And the calculator will calculate the payback period of the mining farm.

  • The lists include an incomplete list of nicehash mining equipment. If the device is not in the calculator, download nicehash miner and benchmark.

Advantages and disadvantages

Many newbies have gone through the nice hash pool, but serious miners work on other pools. Pros of using the service:

  • Convenience of settings;
  • Automatic switching to the currently more profitable algorithm;
  • Regular payments;
  • Good technical support.

In December 2017, the nice hash pool was hacked and user funds were stolen. Compensation payments continue to this day, and small amounts are not returned at all. As for the profitability of the equipment, we can say that it is clearly underestimated. This is a problem for all graphics miners. What can you do, you have to pay for comfort.

Read This Now:   Comparing GTX 1660 Super vs GTX 1070 in games

The forums often complain about service failures. The most common nicehash problem is not showing balance. One joker replied, “They don’t want to upset you,” and there is some truth in that.

But often nicehash does not work at the selected location and lack of balance due to loss of connection with the server. The problem is treated by changing the location. Sometimes problems with displaying nicehash balance are rooted in program crashes, contact the pool technical support.

Reviews about nicehash service are very diverse, from enthusiastic ones from lazy and inexperienced miners to ironic ones like the above comment, from mining veterans. But, everyone can try and decide for themselves whether a nicehash miner is right for him or not.

How to mine to a pool from another program, the main nuances of the setup

Nicehash mining with Clamore dual miner is allowed. To start claymore on the Ethash algorithm, you need to create a bat file with the following parameters:

setx GPU_FORCE_64BIT_PTR 0

setx GPU_MAX_HEAP_SIZE 100

setx GPU_USE_SYNC_OBJECTS 1

setx GPU_MAX_ALLOC_PERCENT 100

setx GPU_SINGLE_ALLOC_PERCENT 100

EthDcrMiner64.exe –epool stratum+tcp://daggerhashimoto.eu.nicehash.com:3353 -ewal 35Xx463GGeRekjGpjcvoLLEftvW2onxcQ2.w2 -epsw x -esm 3 -allpools 1 -estale 0 -dbg -1 -r

We write the data into the notepad application, save the file with the bat extension in the claymore folder. Done, you can start mining nicehash through clamore, just do not forget to replace the bitcoin address and farm name in the sample.

Analogues and competitors

The nice hash services MiningRentals and Kryptex are similar. Both pools have their own graphics miners and internal storage wallets. Mining is available on the most popular algorithms CryptoNight, Ethash.

To get it or not to get it? That’s the question. Mining is an exciting activity plus a source of passive income. You can first practice with nice hash, then switch to another pool or stay if everything suits you. Or you can stay on the sidelines and wait for the end of the “virtual bubble”.

This has been predicted many times over the past 10 years, but for some reason the end does not come all the time. The creation of cryptocurrency was the starting point for the transition of the world economy to a new format.


Subscribe to our resources and read comments, sometimes smart people write smart things there.


Related materials:


Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5373

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/bitcoinminershashrate.com/wp-includes/functions.php on line 5373