New to mining? Mining tips for beginners
New to mining? Mining tips for beginners
If you are just starting out or thinking about using NiceHash you have come to the right place. In this blog post, we will talk about what is NiceHash and how it works. We will also include links to useful information about our services.
This guide serves as dense information about NiceHash and the place where we collected the most useful information in one place.
Majority of your questions is most likely already answered on our support page, you can check it out here: https://www.nicehash.com/support/
What is NiceHash and how does it work?
NiceHash connects buyers and sellers of hashing power. It works as a broker between a demand-side and a supply-side.
Read more about it here: https://www.nicehash.com/support/general-help/nicehash-service/what-is-nicehash-and-how-it-works
Note that NiceHash is not only a broker of hash-power. We also support trading and exchanging of more than 35 cryptocurrencies.
Selling hash-power
Sellers of hash-power are miners, who connect their gaming PCs, dedicated mining rigs or ASICs to our servers (stratum servers) and they sell their computing power to buyers of hash-power. Note that you only get paid in Bitcoin when mining on NiceHash, no matter what algorithm you are mining. Because buyers pay in Bitcoin, you get paid in Bitcoin.
⚠️ Go through this list to become a NiceHash mining power user! ⚠️
- You can start here: ⬇️
https://www.nicehash.com/support/mining-help/general-help/how-to-start-as-a-miner
- You can watch an official video on how to start mining with NiceHash here:
- You are not obligated to use NiceHash Miner (we recommend it though). You can use our stratum generator to connect to NiceHash (advanced users only):
- You can check approximate earnings for your hardware here:
- Sometimes Windows Defender reports NHM as a virus. NiceHash Miner is not a virus, Windows Defender reports it as a false positive. Learn how to add exclusion:
- We recommend increasing your Virtual Memory before starting to mine. Read how to do so here:
- You can read about overclocking here:
- How to optimize your mining rig for mining:
- Optimizing CPU for mining on RandomX algorithm:
- What are Extra Launch Parameters:
- How to correctly uninstall and reinstall GPU drivers:
- Enabling COMPUTE MODE will increase your hashrate, read more about it here:
https://www.nicehash.com/blog/post/how-to-enable-compute-mode-on-amd-cards-and-double-your-hash-rate
- An extensive Reddit post from our user explaining NiceHash profitability:
https://www.reddit.com/r/NiceHash/comments/6zdfll/the_great_nicehash_profit_explanation_for_sellers/
- You can find more blog posts on our blog site:
- Troubleshooting guide:
You are also welcome to join our Reddit or Discord server where you can find other NiceHash users and our staff who are there to help you!
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