NiceHash Review: Bitcoin Cloud Mining

Renting hashing power online is a great way to start mining cryptocurrencies without having to make the investment in mining equipment. So which one ranks among the most trusted cloud mining sites?

This site allows you to buy hashing power for Bitcoin, Ethereum, Monero, Dash, Zcash, Litecoin and other coins and get paid in bitcoin. There are no contracts so if mining doesn’t turn a profit for you, you can immediately stop your investment.

NiceHash has real miners who use their own mining equipment which is connected to the site’s multipool so you’ll never have to worry if the mining equipment actually exists.
Buy and Sell Hashing Power‎

So if you want to start cryptocurrency mining but you’ve been hesitant because of shady cloud mining services, this is the solution that you’ve been looking for.

You’ll get access to a host of user-friendly features for buyers including:

A minimum order price of 0.005 Bitcoin for every algorithm
No contracts, no risk. You may cancel at any time without a cancellation fee
Only pay only for valid shares
Mine on any pool you want, when you want
Get access to real-time statistics & dashboard

The best part about cloud mining sites is that unlike actual bitcoin mining, you don’t have to spend weeks learning about mining hardware and software in order to get everything set up. In fact, with this site, you can actually be up and running in just a few minutes.

Getting started in this site is easy. All you need to do is:

1. Register a new account and deposit BTC.
2. Add the mining pool you want to direct your purchased hashing power to.
3. Set the fixed price or bid for mining and then create a new order.
4. Monitor your order on the marketplace.

Another reason to consider cryptocurrency cloud mining is the fact that you can time your entry so that you can make the most of your investments. Getting in on cryptocurrency cloud mining while bitcoin prices are low means better returns later on versus having to invest in expensive mining hardware upfront.

So if you just want to learn how it works and place some initial orders, you can sign up for free to check it out for yourself.