This Slovenian cryptocurrency cloud mining company NiceHash was established in 2014. The founders of the company are Marko Kobal and Matjaž Škorjanc. NiceHash is an intriguing and moderately new company that enables clients to sell the hash rate that is generated by their mining hardware or to purchase hash rate to mine a particular coin with one of the crypto calculations. It is suggested to start with the FAQ section of the NiceHash website to understand the service that they provide and to know how NiceHash works.
Presently DarkCoin is flourishing and the interest for X11 hash rate is pretty high right now. The traders can deposit a small amount of Bitcoins on their wallets in NiceHash address and they will receive the available deposited amount promptly. Another the traders only require two confirmations to view the deposited Bitcoins. The traders must register with the company to buy or sell hash rate because the process of selling and purchasing hash rate is complex.
The traders must remember that for each and every transaction, NiceHash charges a transaction fee. However, the traders don’t need to sign any long-term contract with the company in order to sell or buy hash rate.
NiceHash is not conventional cloud mining:
Cloud mining means offers traders a virtual rig where they can produce cryptocurrencies for the next two to three years. However, in NiceHash, the traders don’t need to rent virtual machine; instead they rent the hash rate that the sellers with the cloud mining hardware are offering through the website. Simply put, NiceHash doesn’t have any cloud mining hardware of its own; rather it’s a website that helps meet the demand and supply between the sellers and the buyers.
Some of the remarkable features of NiceHash are:
- Bright future because the company has a transaction fee structure that is lower than its competitors
- NiceHash switches to the profitable coin automatically lowering the risk of uncertainty
- NiceHash has a wallet of its own that is profitable for the miners who have a long term plan for cloud mining
- Though the profit earned is less than that of pool mining, traders can earn a decent amount of profit through NiceHash
- Ease of access
- Steady platform
- Less dicey
- Payments done in Bitcoin
- Decent profit can be earned
- The hashing power is great
- Reasonable market value
- Not suitable for investing on a long term basis
- Profit is lower than pool mining
- Wallet transaction fees applicable
NiceHash affiliate program:
The NiceHash referral program offers the affiliate partner to earn for the whole life. For each purchase that a referral makes, the affiliate partner will receive 5 percent of the revenue share of the company. Besides, the affiliate also gets a reward of 0.000005 Bitcoin. All the payments are made through BTC. If the affiliate partner has a website or blog, NiceHash supplies graphic material for free. To join the affiliate program, one has to visit the official website and submit the online form after filling it up.
NiceHash Affiliate Review
Although they are not your traditional mining company Nicehash has garnished a pretty good reputation in the mining world in a few short years. Seems to be more popular among short term investors, so if that’s what your looking for we certainly recommend checking them out.