Nicehash Pros and Cons
nicehash pros & cons

Nicehash Pros and Cons

By yanis | little crypto guides | 28 May 2020


Nicehash is a cloud mining company founded in 2014.

Its partcularity are that we rent power that we can use at any stratum pool (there's a list of presets but we can add custom), and that other users sell power (Nicehash is just the marketplace).

 

Nicehash Pros

- You can setup any pool (and you also can use your own node for solo mining with a stratum server)

- Ability to sell power for bitcoin and reuse bitcoin for buying later (or withdrawing)

- Professional customer service

 

Nicehash Cons

- High mining difficulty for sellers (good for miners that've big hashrate)

- We can only buy/sell with bitcoin (but they've an exchange and handles deposit/withdrawal in other currencies)

- Nicehash can give so many power, enough to make a 51% attack (reddit post about)

 

Conclusion

Nicehash is good for getting a high amount of power for a small time, and for mining with high-end hardware, but no for little miners.

If you want to try it, you can register on nicehash.com

 


It's the end of this review, I hope that you liked it.

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yanis
yanis

A crypto freak, and also a miner. The picture is a real code !


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