NiceHash is the largest hash power broker marketplace that connects sellers or miners of hash power with buyers of hash power. Hash power is a computational resource that describes the power that your computer or hardware uses to run and solve different cryptocurrency Proof-of-Work hashing algorithms. NiceHash service is unique in a way that only connects different end-users and is not o!ering any cloud mining options - meaning NiceHash does not own or rent out any mining equipment.
How NiceHash Works
Buying hash power at NiceHash has several benefits. The most notable is the massive hashing power available and fast delivery time. Unlike classical cloud mining, where you buy long-term contracts on private mining farms that usually yield no return, NiceHash offers dynamic and fully autonomous on-demand hash power delivery under your terms. You dictate the price of hash power and decide for how long and where you want to use it. It’s a bit like having your own personal on-demand mining farm.