NiceHash

[din djarin]

Hello friends,

Does anyone know what percentage does NiceHash take from you when you mine?
Is there a coin minimum that you have to have before withdrawing?
And are there alternative places like NiceHash that are better to use to mine altcoins?

[1713558069]

1713558069

[1713558069]

1713558069

[rdluffy]

Nicehash is good at the beginning, when you are learning how to mine, if you are lazy and don't want to deal with exchanges and if you want to only accumulate Bitcoin in a simple way.
You are selling your hashrate to another person in been paid in BTC

The minimun amount of BTC to withdraw is 0.0005 BTC at the moment, the fee for withdraw is variable, for now is 0.000005 BTC but can increase if network is overloaded.
The fee for miners is 2%

With Nicehash you can do more, you can change BTC for a coin you want, for example Litecoin, and withdraw Litecoin instead of BTC, so you have a lot of possibilites.

Here you can see the comparison between Nicehash and/or mining directly: https://whattomine.com/coins

The alternative I suggest you is keep mining with Nicehash and learn about mining directly, you can mine ETH in a pool like Ethermine and receive in ETH, this way is more profitable than Nicehash most of time

[OgNasty]

The alternative I suggest you is keep mining with Nicehash and learn about mining directly, you can mine ETH in a pool like Ethermine and receive in ETH, this way is more profitable than Nicehash most of time

The problem with doing that is you could be subject to higher fees when you go to move it, or you could have to wait a long time to hit the minimum and receive a payout depending on the size of your mining operation.  I've found that it's easier to only worry about handling BTC, even when mining altcoins through a service like Nicehash.  I highly recommend it and think it's well worth the fee.  I think the interface is nicer than Ethermine's to navigate as well.  Being able to easily switch to a new coin could also be useful if ETH 2.0 sends the market into a whirlwind. 

[FP91G]

Hello friends,

Does anyone know what percentage does NiceHash take from you when you mine?
Is there a coin minimum that you have to have before withdrawing?
And are there alternative places like NiceHash that are better to use to mine altcoins?

Nicehash competitor
https://www.kryptex.org/en/
Withdrawal Fees
https://www.kryptex.org/en/fees
Withdraw bitcoins or send money directly to a bank card. The minimum withdrawal amount is just $0.5.
There is a large commission for withdrawing to bank cards and payment systems. It is more profitable to change the cryptocurrency yourself.

[VRExpress]

The more hashrate you have the better and faster you will get a payout, I won't use anything less than a 100MH on Nicehash so at least in 2-3 days I will meet the minimum withdrawal amount.

[FP91G]

The more hashrate you have the better and faster you will get a payout, I won't use anything less than a 100MH on Nicehash so at least in 2-3 days I will meet the minimum withdrawal amount.

If you have 100 megahash, then you can mine on the Ethermine pool and receive payments in the Polygon network. There are very small commissions and a minimum limit of 0.005 ETH or $21 per day. Even with a hashrate of 100 megahash, you will receive the first payout on day 4.

[rdluffy]

The problem with doing that is you could be subject to higher fees when you go to move it, or you could have to wait a long time to hit the minimum and receive a payout depending on the size of your mining operation.  I've found that it's easier to only worry about handling BTC, even when mining altcoins through a service like Nicehash.  I highly recommend it and think it's well worth the fee.  I think the interface is nicer than Ethermine's to navigate as well.  Being able to easily switch to a new coin could also be useful if ETH 2.0 sends the market into a whirlwind. 

I use (and I think there's a lot of people using) payments on Polygon network, with Ethermine
This is the reason I suggested Ethermine
It's pretty simple to use Polygon, I receive payments every 24h, and I can sell or change easily with a dex like QuickSwap or Uniswap

There's no reason to deal with Eth network directly anymore

You can change your ETH for a token of BTC on polygon, and even if you want real BTC you can change for MATIC for example and send to an Exchange and change for BTC
This way you can earn more than nicehash 

[GEMIN_M4]

Hello friends,

Does anyone know what percentage does NiceHash take from you when you mine?
Is there a coin minimum that you have to have before withdrawing?
And are there alternative places like NiceHash that are better to use to mine altcoins?

Try 2miners pool and change payout to Nano, I use low hashrate on this pool and I always get paid into my binance account in Nano coin, even if its 1$ I'm earning per day I always get paid every day, this is the best way to avoid long wait on other mining pools.