Download and configure NiceHash Miner [v3.0.5.6] for maximum profit

NiceHash is a platform for earning Bitcoin and some other cryptocurrencies.

NiceHash is not exactly mining. In other words, you sell the power of your equipment and receive Bitcoin in return. In traditional mining, through command line programs, you mine any coin and completely decide what to do with it and at what rates to sell it in BTC or Rubles.

If you want to mine cryptocurrency directly, read more about how to mine Ethereum on GPUs on Windows...

However, for beginners, especially those who want to try to make money from their equipment for the first time, it can be difficult to set up traditional programs. Therefore, we have prepared this step-by-step instructions for you.

Brief overview of the platform

First, let's look at the advantages of the platform

Advantages

Ability to receive Bitcoin immediately (you can also convert to ETH, LTC, XRP, BCH, ZEC)

Save time on setup

Low minimum payout threshold

Relatively easy setup

Convenient statistics monitoring

Automatic switching of algorithms to mine the most profitable coin at the current time

However, our portal about mining and cryptocurrencies - Bytwork - aims to tell you the whole truth about the Crypto industry, because this is our mission. That is why we will honestly tell you about all the shortcomings of this platform.

Flaws

The site has already been hacked once and all the money was stolen

Essentially, this is an extra intermediary, and if you know how to configure programs manually, then it is better to mine on pools. On our website in the Programs section you can find all the programs necessary for mining and settings for them.

Earnings are less than with traditional programs and pools, because if you mine a coin directly, you can sell it at a higher price on a pump. Example: today, at the current exchange rate, a video card brings 1$, and tomorrow 0.50 cents. And in the case of using NiceHash, you sell power for both $1 and 0.50. But if you use traditional pools, then you decide for yourself at what price to sell.

Large Commission from 2% to 5% only for NiceHash + commission of third-party miners.

There are high fees for all transactions, especially when it comes to withdrawing money to external wallets.

Automatic switching of algorithms on the one hand is good, but on the other hand it can harm the equipment if power consumption changes sharply when changing the algorithm

You do not control the cryptocurrency mining process. Because NiceHash itself chooses which coins to mine, but at the same time you always receive only BTC.

Well, if you are not bothered by the shortcomings of the platform, or you just want to try to start mining, then this platform is for you.

You can also buy power on the site. This is necessary when you are interested in mining any cryptocurrency, but you do not have the necessary equipment for this. Or you buy power cheaper and send it to the pool, where the earnings are higher than at NiceHash.

However, in this step-by-step tutorial, we will look at selling capacity to specifically earn BTC. Therefore, read on.

Reviews

Real reviews of mining on NiceHash will help you get a complete picture of the site’s features. The negative aspects include the insecurity of funds and the fact that it is better not to use the site for storing cryptocurrency. Also, many people do not like the limited choice of payment methods, since power can only be purchased for military-technical cooperation. The disadvantage is also the lack of long-term investment opportunities due to the transaction time of no more than ten days.

There are users who call making money on the site a scam. Some support staff do not give explanations, others cannot withdraw money. There are complaints that the program does not work at night, but when the computer is 100% loaded.

The program does not work at night

But there are both neutral and positive reviews. Usually they are associated with convenient functionality, quick and easy start.

Neutral and positive reviews

Registration

So, let's move on to registration: https://www.nicehash.com.

1. Enter your Email address. We recommend using email from Google, because... it is the most secure at the moment. Mail on mail.ru is easy to hack because it does not have the same levels of protection as Google.
2. We come up with a password. The password must be complex. We recommend choosing a non-existent word because all existing words are in the databases of hackers who use Bruteforce. Therefore, we write lowercase and uppercase letters, numbers and symbols in the password. The longer the password, the more difficult it will be to crack.
3. Choosing a country
4. We read the conditions, if they suit, check the boxes
5. Create an account

And so, we registered. Enter your username and password and go to your personal account.

Personal Area

The new personal account is available at: https://www.nicehash.com/my/dashboard.

It looks like this:

The new personal account has three main tabs: the Account itself, Mining, Exchanges and additional ones.

1. The cabinet tab is still empty. All basic information, wallets and recent actions will be summarized here.
2. Mining tab – to track your statistics
3. On the exchange you will be able to exchange your BTC for other alctoins (at an extortionate commission of 0.5% at the time of writing. For comparison, on exchanges the commission is 0.1%!).

Having admired the new interface, we must now think about protecting our account because NiceHash has already been hacked once.

Safety

First of all, we will set up our security, because we do not want our Bitcoins to be stolen.

Click on the avatar with the account in the menu on the right and go to “My Settings”

Here we select the “Security” tab and be sure to enable 2fa – Google’s two-factor authentication.

Now we are ready to launch!

How to start

To start mining, click “Add new rig”

and take the following steps:

1. Download the program
2. Take it to any convenient place
3. (Optional) We add the entire folder with the miner to the anti-virus exceptions because some antiviruses, such as Kaspersky, may consider miners to be malware.
4. Find the file NiceHashMiner.exe in the folder with the program and run it

1. The program will ask you to accept the Terms

1. Selecting the interface language

1. We agree if we understand the risks

The program will say that it is not responsible for all the miners that are inside the NiceHash shell.

Now you need to configure the platform for your equipment.

Mining 2022, profitability, calculator, setup and a short review about Nicehash.

NiceHash program

Pros and cons of NiceHash

Conclusion

The NiceHash cloud mining service operates on the principle of an exchange. It connects sellers and buyers of computing power from all over the world. Allows you to buy and sell mining power for popular cryptocurrencies. NiceHash offers users all the conditions to obtain maximum profits.

For those who do not have their own equipment, purchase it on favorable terms and mine bitcoins and altcoins without leaving home.

And equipment owners can rent out their power through NiceHash and also earn money from mining.

The self-adjusting service is able to independently select a profitable and advantageous mining algorithm.

Register with Nicehash

According to the creators of NiceHash, this is the easiest way to start mining cryptocurrencies.

Settings

At the first launch, the platform must test your hardware and select algorithms that can be mined on the equipment.

The shell will also download all the necessary miners and libraries:

After waiting for the download, we begin the setup.

We choose the servers closest to us because the closer the server is to us, the lower the ping, therefore the lower the delay and the faster the tasks arrive.

Enter your Bitcoin address. You can get it in your new personal account in the Wallets Review section:

1. Click on the menu next to Bitcoin
2. Select BTC Deposit

We see this window:

3LZhp4g3m7YWqR4hAPrZsKWbyo7hRBmqvy – this is the Bitcoin address to which the coins will be credited. You will have your own address (different characters).

Copy this address and paste it into the program in the Bitcoin Address field (number 2 in the screenshot):

Below we see “Worker name” - this is the name of the computer - we indicate any in Latin. This is the name that will be displayed in the statistics section.

After turning on the program for the first time, you need to run Benchmark - this is testing the equipment.

We see a window with a choice of testing settings:

1. Select the “Benchmark” tab
2. Selecting devices
3. We select all algorithms for testing. Algorithms with a plus are for Dual mining. It's not profitable right now, so you can skip it.
4. We start the test by clicking on the Start button

After testing your hardware, the program will select the optimal algorithm, which largely depends on the current cryptocurrency rates and capacity orders from NiceHash.

We return to the main program window. We see in the algorithms field that we have selected 18 algorithms (you may have different numbers, depending on the type of video card)

We press start. A command line window will open with the miner that currently generates the most profit:

That's it, the mining process has begun. The window may differ depending on the algorithm by which coins are currently mined. But the principle remains the same.

In the platform shell itself we see the following

1. Mining status. If the pause button is active, it means mining is currently underway.
2. The hashing rate needs to be looked at in the miner’s console (this is the rate that is entered into calculators to calculate profitability)
3. Number of mBTC per day (0.00100000 BTC = 1 mBTC)
4. How much does USD bring per day?
5. How many devices are available for mining?

In online statistics we will find:

1. Temperatures in mining (Read the guide on permissible temperatures in mining to save cards and how to cool video cards if they overheat)
2. Fan speed

This is all great, but how do we know how much we will earn from this? To do this, let's turn to statistics.

Advantages and disadvantages of NiceHash

We can talk about the advantages of the service for a long time, since this is not only an excellent option for lazy miners or beginners, but experienced crypto miners will also find their advantages here. As for the shortcomings, they are also present, but they are almost not noticeable.

pros

• High security.
• Regular payments.
• Responsive and prompt technical support.
• There is no need to delve into the nuances of mining - ideal for busy users with powerful mining devices.
• Any number of equipment can be connected to the mining process.
• There is no prepayment - buyers pay for the work as they mine. The unpaid NiceHash balance remains in the service wallet and coins can be withdrawn at any time. Moreover, there is no penalty for cancellation.
• The program itself selects the algorithms that are currently profitable.
• Buyers pay miners only for valid shares.
• Statistics online.
• Complete anonymity for sellers.
• Interface in different languages.

Minuses

• Not the most profitable option for making money from mining. Experienced users with powerful equipment prefer to connect to specialized pools on their own.

How to view statistics

Go to the NiceHash website and track the statistics (Mining tab):

1. Rigs being mined is the number of your miners (computers or farms)
2. Current profitability / 24h – predicted calculation of how much you will earn in 24 hours in BTC/Rubles (only at the current rate!)
3. The outstanding balance is how much you have already earned. You must reach a minimum of 1000 Satoshi (0.0000000 BTC) to receive a payout to your wallet.
4. Payout – how many hours are left for payout.
5. Btc wallet balance – balance

Below we see the farm management window

1. We can remotely stop/disable mining
2. Create a new group - if you have several farms, they can be combined into groups
3. Organize groups and rigs - you can also move rigs between groups
4. Expand all elements – expands hidden fields
5. Collapse all items – collapses expanded fields
6. Manage rig notifications - a useful setting, when enabled, you will receive notifications by email that the farm has frozen or is not working

We turn on the slider near the rig and save it, because we need notifications about farm downtime.

Below we see more detailed statistics:

1. Device status – 1 card is mining, 0 is stopped, 0 is being tested
2. CPU mining disabled
3. Processor Information
4. Information about the video card: Name, status, temperature within normal limits, card load, fan rpm
5. Mining statistics: Algorithm, Difficulty, Speed ​​(power) in units of measurement, How many solutions are rejected (sometimes due to overclocking of cards), Balance, operating time, xnsub - this is for algorithms with very high complexities and for miners with very high hashes speeds. This parameter is used most often for ASICs.

Scrolling further down, we will see a statistics graph:

It displays the unpaid quantity, payment rate, payments, unpaid GrinCuckatoo31 algorithm (yours may be different).

Statistics are good, but money is better. How to receive the money?

In general about the service

But first you need to understand what mining is. Essentially, this is a competition in which certain mathematical problems are solved using special algorithms (Lyra2REv2, Nist5, Sha256, Lyra2re, etc.). The miner who solves them first receives a reward in digital cryptocurrency, the main unit of which is Bitcoin.

Financial transactions using Bitcoins have great prospects due to the development of special Ethereum technologies. First, all existing cryptocurrency transfers are recorded in the general transaction log. Miners select a hash that matches them, also known as the secret key code. The more resources (power) a miner has, the higher the probability of guessing the hash.

Typically, the power sources are the graphics processors of video cards. Using cloud services, you can purchase such capacities. Recently, due to the increased complexity of the calculation process, it is more convenient to do this not using single (solo) mining, but in pools - associations of miners, nicehash is one of them.

Withdrawing money

To withdraw, go to the “Browse wallets” tab.

For this:

1. Click on balance.
2. Select the “Output” item.

Withdrawals from nicehash occur once a day. Miners receive payments using the PPS system.

Payments can be received both to the internal wallet of the platform and to an external (cold) wallet or exchange.

Attention! We strongly recommend installing a cold wallet, or, as a last resort, using a cryptocurrency exchange wallet. But don’t keep your Bitcoins on the platform’s internal wallet, because it has already been hacked.

Exchanges can also be hacked because they are online services with different degrees of protection. That is why we recommend keeping your funds in a cold wallet (which will not have access to the Internet). Ideally, use an old laptop that you rarely use and do not go online. Thus, if it is not on the Internet, then it cannot be hacked.

Payment schedule	Nicehash wallet	External wallet
Once a day	If your outstanding balance is more than 0.001 BTC	If your outstanding balance is more than 0.1 BTC
Once a week*	/	If your outstanding balance is more than 0.001 BTC

The platform will strongly recommend and insist on storing funds in its system. For example, increase the commission for withdrawals to external wallets (Currently it is 5%, instead of 2% on the internal one). But we honestly warned you about the risks. Decide for yourself.

Now let's look at the site commissions.

History of NiceHash

The project began its work back in 2014. Having received registration in Slovenia, his team began to build an empire, which is what NiceHash is today. Until 2022, the platform’s capabilities were extremely limited, since the management team decided to focus only on certain areas of working with cryptocurrency. However, later, in the wake of growing interest in digital money, the company opened its doors to a number of additional opportunities. It was in 2022, after the rebranding of NiceHash, that users were able to see a platform offering a wide range of services. The updated interface, created to provide intuitive work opportunities for beginners, allowed the platform to open its doors to crypto lovers from all over the world. Currently, the platform offers its users the opportunity to work in three languages:

• English;
• Chinese;
• Russian.

The translation is performed at a high level, which allows users who do not speak foreign languages ​​to work.

The main focus was to create a variety of available techniques and ways of working. Thanks to attempts to cover all the possibilities of the cryptocurrency market, every miner will be able to find the NiceHash algorithm he needs on the site.

Commissions

We are primarily interested in commissions for the sale of power, because we mine, and do not buy power.

Description	Commission
Payouts for balances less than 0.1 BTC to external wallets	5%
Payouts for balances from 0.1 BTC to external wallets	3%
Payouts for balances from 0.001 BTC to NiceHash wallets	2%

These were commissions for selling your power, but the platform also has commissions for withdrawing money:

Withdrawal method	Withdrawal amount	Commission
Any BTC wallet	From 0.001 (min) to 0.1 BTC	0.0001 BTC
Any BTC wallet	More than 0.1 BTC	0.1% of the withdrawal amount
Coinbase**	More than 0.001 BTC	FOR FREE
Payeer	From 0.001 BTC (min)	0.95% (charged by Payeer)

If you are not satisfied with such commissions, we recommend using traditional mining programs.

Rights and obligations of the parties

6.1. The user has the right:

6.1.1. Make a free decision to provide your personal data necessary to use the Antiobman.com Project website and consent to their processing.

6.1.2. Update, supplement the provided information about personal data if this information changes.

6.1.3. The user has the right to receive from the Administration information regarding the processing of his personal data, unless such right is limited in accordance with federal laws. The user has the right to demand from the Administration clarification of his personal data, blocking or destruction of it if the personal data is incomplete, outdated, inaccurate, illegally obtained or is not necessary for the stated purpose of processing, as well as take measures provided by law to protect his rights. To do this, it is enough to notify the Administration at the specified E-mail address.

6.2. The administration is obliged:

6.2.1. Use the information received solely for the purposes specified in clause 4 of this Privacy Policy.

6.2.2. Ensure that confidential information is kept secret, not disclosed without the prior written permission of the User, and also not sell, exchange, publish, or disclose in other possible ways the transferred personal data of the User, with the exception of paragraphs. 5.2. of this Privacy Policy.

6.2.3. Take precautions to protect the confidentiality of the User's personal data in accordance with the procedure usually used to protect this type of information in existing business transactions.

6.2.4. Block personal data relating to the relevant User from the moment of application or request from the User, or his legal representative or the authorized body for the protection of the rights of personal data subjects for the period of verification, in the event of detection of unreliable personal data or unlawful actions.

Configuring advanced settings

If you have already launched the program, but you are interested in settings for profitability and stability, then continue reading.

The program has three settings tabs, these are General - basic settings, Advanced - advanced and Devices / Algorithms - Selection of devices and Algorithms.

Let's go to the General tab.

1. Mine Regardless Of Profit – this checkbox means that the program will mine regardless of profit. Those. If your electricity is expensive and mining has become unprofitable, the program will still mine for the future.
2. Below you can set the minimum profit amount.
3. The cost of electricity in kilowatts per hour. If you set it, you can specify the minimum profit at which the program will work. This is useful if you have very expensive electricity and do not want to mine for the long term.
4. Unit of time – needed to calculate statistics.
5. Localization - here you can select the interface language
6. Currency—select the currency in which all calculations in the program window will be carried out.

Next, let's go to the Advanced tab.

Here we have a lot of settings. Let's go in order:

1. Automatic start of mining – if checked, then when the program starts, mining will automatically start (otherwise you will need to click the “Start” button). It's better to enable it if everything is configured correctly.
2. Allow multiple instances – you can launch multiple program windows.
3. Launch from Windows - the program will start mining when you turn on and restart the computer.
4. Minimize to tray – the program will be minimized to the system tray (bottom right, where the time and calendar are in Windows).
5. Enable third party miners - use closed source programs (increases profitability, but can be dangerous).
6. Autoscale BTC values ​​– check this box if you want to see the BTC value with a suitable scale.
7. Warn about driver version – the platform will inform you that your video card driver is out of date and needs to be updated.
8. Off Windows error reports are best left, because... Some programs are not stable and reports will show what the error is.
9. Notify about Internet connection – the program will notify about interruptions in the Internet.
10. Form Windows Always On Top – the program will always be on top of other Windows windows.
11. Show GPU PCI-e Bus Ids – show the PCI-e bus identifier – in general, a useless option.

Next are the monitoring settings.

Device Monitoring:

1. Disable Device Status Monitoring - disable the program from receiving data on the status of the processor, AMD and NVIDIA cards (temperatures, load, fan speed and power consumption).
2. Disable Device Power Mode Settings – The program will not attempt to set the device power mode settings (currently only for NVIDIA).

Next are the log settings.

Logging:

1. Writing to File – everything written in the console will be written to a text file. If everything is stable, then it is better to disable it, because this can load the disk.
2. Debug Console – Open the Debug Console (for advanced users).
3. Log file size [bytes]: — ​​set the maximum log file size.

In the last tab Devices / Algorithms, you can select algorithms for mining and manually set the speed that cards with your overclocking and downvolting (power consumption) produce.

Overclocking cards increases profitability, and downvolting reduces their power consumption. For both cases, the most commonly used program is MSI Afterburner.

1. Selecting devices that will mine
2. Choosing algorithms
3. (Optional) you can specify the minimum profit to start mining
4. (Optionally) you can specify the power consumption of your equipment. The site shows approximate energy consumption, but for accurate data it is better to use a Wattmeter.
5. (Optionally) you can specify the speed that your devices produce with your core and memory overclocking.
6. Not available
7. (Optionally) you can specify special commands to run (for advanced users).

List of supported algorithms:

Beam Blake2s CryptoNight CryptoNightHeavy CryptoNightR CryptoNightV7 CryptoNightV8 CuckooCycle DaggerHashimoto Decred Equihash Cuckarooz29 GrinCuckaroo29 GrinCuckarood29 GrinCuckatoo31 Keccak Lbry Lyra2REv2 Lyra2REv3 Lyra2Z NeoScrypt Nist5 Pascal S ia Skunk X16R ZHash