If you are looking for a NiceHash promo code, you are at the right place. However, before getting a discount code, let’s take a brief look at what NiceHash is about. It is the largest crypto-mining platform around the world where buyers and sellers of computing power can connect with one another.
Since the advent of Bitcoin in 2009, the cryptocurrency ecosystem has evolved. A number of altcoins have been formed, including Dogecoin, Litecoin, and Ether. Ether is a digital currency and a token of Ethereum blockchain.
NiceHash became a well-recognized brand in the world of cryptocurrency, because it allows bitcoin miners and other altcoin miners to buy hashing power for mining these coins. Moreover, it provides high-level security, system stability, outstanding support and has a well-defined regular payout system, which has added more value to its name. NiceHash also provides validation of transaction on various block chains.
How Does it Work?
In addition to creating new coins, NiceHash serves as a marketplace to sell your CPU/GPU power if you have cheap electricity. You can also purchase massive hashing power – used by hardware or PCs to solve and run various algorithms for mining different types of cryptocurrencies.
Sellers of hashing power are the rig owners or miners. It can be anyone who wants to be a bitcoin miner and has a PC or mining rigs consist of GPUs (i.e. Graphic cards) and CPUs. If a person fulfills this criteria, he can start within a few minutes.
If you want to know how to set up NiceHash Miner; it is quite simple. All you have to do is download it, complete the settings to connect the CPU and GPU with the NiceHash stratum, and start mining. You can also place a request for personal support if you are confused.
You can connect any number of mining machines with complete anonymity and can earn bitcoin for every share you sell.
This platform also enables you to buy hash power and do bitcoin mining and mining of other altcoins, such as Ethereum, and Zcash. You do not have to make any upfront payments; simply pay as you mine coins. By signing up with the platform, not only will you get guidance on purchasing hash power, but also get tips on how to efficiently mine and reduce the overall electricity costs.
NiceHash is a free software that automatically picks the most profitable algorithm for you. It relieves you of the stress that comes with monitoring multiple wallets and the market.
Deposits and Withdrawals
You are assigned a new NiceHash bitcoin address after creating an account on the platform, which is used for selling or buying hashing power. It means you can make bitcoin deposits and withdrawals via NiceHash address. However, you must know that every withdrawal is subject to a transaction fee and at times you have to pay the fee on deposits as well. Moreover, for the calculation of your hardware’s potential earnings, you can use profitability calculator that is available on the platform.
NiceHash also offers a referral program to its registered members. Once you refer, it opens up an opportunity for you to earn forever. Each time a referred customer completes an order, you get 5 percent of the revenue share and rewarded with 0.000005 BTC. In addition to that, you also get a free graphic material for your forum, blog or website. Simply contact the support staff and let them know where you wish to use the referral link and they will activate it for you.
NiceHash is very strict about the legality of transactions and has strict anti-money laundering and KYC policies in place. All in all, it is an amazing marketplace that allows miners to share their pooled resources and earn bitcoins in return.