NiceHash is a Slovenian based company, founded in 2014. The company claims to be the largest cryptocurrency hash power broker.
NiceHash allows users to sell and buy hashing power. NiceHash also offers a profitability calculator to allow users to determine which coin is most profitable to mine based on their hardware.
What is NiceHash?
NiceHash is a Slovenian based company, founded in 2014. .
NOTE: Warning: NiceHash is a cloud mining service provider that offers users the ability to rent out their idle computing resources to mine cryptocurrency. However, NiceHash does not actually mine Ethereum or Bitcoin directly. Instead, it offers users the option to rent out their computer’s hashpower and receive payments in Bitcoin. As such, it is important to note that NiceHash does not actually mine Ethereum or Bitcoin itself, and users should exercise caution when using the service.
So does NiceHash mine Ethereum or Bitcoin?
The answer is both! And more…
Nicehash offers what is called an algorithm switching service. This means that you can point your hashrate at whichever coin is most profitable at any given time.
The service will automatically switch your mining rig to the most profitable coin, and pay you out in Bitcoin.
This means that whether Ethereum or Bitcoin is more profitable, you can still make money mining with Nicehash. Plus, you don’t have to worry about which coin to mine, or whether you’re missing out on profits by mining the wrong one – Nicehash takes care of it all for you.
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Nicehash is a Slovenian based company and crypto-mining marketplace. It was founded in 2014 by Marko Kobal and Matjaz Mikus. The company allows users to sell and buy hashing power over the internet. .
Yes, the Bitmain Antminer can mine Ethereum. When Bitmain released the Antminer E3 in early 2018, it became the most powerful and efficient Ethereum ASIC miner. The Antminer E3 produces a hashrate of 180 MH/s while consuming just under 800 watts of power.
As the value of Ethereum has increased exponentially over the past year, there has been a corresponding increase in interest from Bitcoin miners looking to switch to Ethereum. One of the most popular and well-known Bitcoin mining companies, Bitmain, has announced plans to release an Ethereum mining rig, the Antminer E3. The announcement from Bitmain comes as no surprise, as the company has a history of releasing products that capitalize on new opportunities in the cryptocurrency space.
Yes, the Bitmain S9 can mine Ethereum. However, it is not the most efficient miner for Ethereum mining, as it has a hashrate of 14 TH/s and a power consumption of 1400 watts. The Antminer S9i (13.5 TH/s) and the Antminer S9j (14.
5 TH/s) are both more efficient miners for Ethereum mining, with hashrates of 13.5 TH/s and 14.5 TH/s respectively, and power consumptions of 950 watts and 1225 watts respectively.
When it comes to cryptocurrency mining, the two biggest names in the game are Bitcoin and Ethereum. So, is Ethereum mined like Bitcoin? The simple answer is no.
GPUs are used in cryptocurrency mining, and Ethereum is one of the most popular cryptocurrencies. Can the Gt710 GPU mine Ethereum? Let’s take a look.
