NiceHash is a marketplace company. It´s possible to trade hash rental. Nicehash offers you to buy or sell hashing power. You can mine the vast majority of popular coins, based on SHA-256 (Bitcoin, etc.), Scrypt (Litecoin, Dogecoin, etc.), Scrypt-N (Vertcoin, etc.) and X11 (DarkCoin, etc.). Nicehash can be a bit complicated for the beginner. Read the F.A.Q: and watch the helpful instruction videos.
Nicehash Review – Summary
- This is a summary of our Nicehash review
- Return on Investment(ROI) – The return of the investment is hard to predict.
- Risk – The risk is Medium/High.
- Withdraw investment – This is possible after the renting period.
- Support – Support is available in different formats.
- Passive investment – The investment is active. You need to set the parameters and maybe change them as well.
- Our experience – This is an innovative cloud mining actor.
There are are few risks you should be aware of when using Nicehash. Spreading the hashrate with a limit for a longer time would cover better for bad luck at the pool and will also minimize the risk of you bringing the pool down, so do consider setting the limit for hashing speed.
Once Nicehash contracts are activated the user can follow the progress of the contracts. It´s possible to edit some of the parameters to suit the requirements. It´s possible to cancel it before it is fully executed. The price that is paid for GH per day can be edited. You can also cancel and recreate the order with a lower price. The hashrate set can be changed and the settings are implemented instantly. New values will appear on the users account interface. The users can also track the list of orders on the Nicehash´s site.
Our experience with Nicehash
Our experience with Nicehash is very limited. We struggled a bit in the beginning to understand the site. After we read the F.A.Q. and watched the instruction videos we are now confident with the site.
Nicehash on forum and reviews
The customer support team responds quickly to requests from the clients within hours, they are friendly, professional, and helpful. NiceHash is really a good alternative to multipools and cloud mining service providers or mining rig leases and if used right it can give you some nice profit, regardless if you buy hashrate or sell your hashrate.