Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: ChromeMax on May 30, 2017, 02:39:16 PM



Title: Have you guys been using Nicehash?
Post by: ChromeMax on May 30, 2017, 02:39:16 PM
So basically, nicehash is a program that utilizes your pc to mine for various alt coins that are currently the most profitable to mine. It then converts all the mined crytptocurrencies into BTC and transfers them to your wallet after a certain payment threshold. Have you guys used it and what are your opinions on it?


Title: Re: Have you guys been using Nicehash?
Post by: MrN1ce9uy on May 30, 2017, 02:55:46 PM
I was curious about this myself. I installed it and got it running just to see how it works. Seemed to profit. But I went back to mining ETH with Claymore. Suppose I'm also wondering what other's think about it.


Title: Re: Have you guys been using Nicehash?
Post by: NiHaoMike on May 30, 2017, 03:12:13 PM
It should be obvious that you'll pay a "convenience fee" to have your altcoins automatically converted to Bitcoins. How it compares to manually converting with a conventional exchange I'm not really sure.