- The Truth About NiceHash
- Factors for Choosing a NiceHash Alternative
- Best NiceHash Alternatives In 2020
NiceHash was founded in 2014 and to this day it’s still a popular place where crypto miners can sell their hash rate to buyers. However, these days they’re not the only show in town, in fact, our research shows that there are over 20 alternatives to NiceHash currently.
However, not all are viable solutions to mining cryptocurrencies. So, for the purpose of this guide, we wanted to share with you our top recommended NiceHash alternatives and some key factors for choosing one as your preferred alternative to NiceHash. Additionally, stick around to the end where we reveal our favorite one of them all.
But before we get started, we wanted to share with you the recent news about NiceHash which relates to why miners are looking elsewhere in the first place.
The Truth About NiceHash
NiceHash was launched in 2014 and for a long time was one of a kind marketplace for mining. What made its marketplace so unique and popular was the ease of connecting buyers with sellers of hash power. For many miners, this was a simple easy solution to making money with mining.
However, that’s all changed since the platform was breached during the height of Bitcoins last bull run in late 2017. NiceHash reported that hackers had managed to execute a withdraw from the platform. No one knows exactly how much bitcoin was stolen but analysts estimate it to be around 4700 BTC worth approximately 62 million USD at the time of the event.
This left NiceHash users who trusted the platform with their funds high and dry and little hope of recovering their lost funds. NiceHash did, however, implement a repayment program, however, in 2020 the funds are still not fully repaid to those who suffered losses from the hack.
Other reports show that NiceHash has stopped the repayment process at 82% due to the fact that the company is running out of money to do so. What makes us here at Crypto Miner Tips wonder is if this was, in fact, an inside job due the recent reports of a former NiceHash Co-Founder being arrested for another crime tied to millions of dollars stolen.
Ever since the hack, many users of the platform have been on the hunt for a new platform they can fully trust. The good news is that these days there are quite a few NiceHash alternatives to pick and choose from. But before we begin revealing our top picks lets cover some of the factors for considering an alternative.
Factors for Choosing a NiceHash Alternative
If you’re not familiar at all with two-factor authentication(2fa) then we highly recommend you learn more about it, especially if you’re looking into crypto. 2fa ads a second layer of security to any accounts you might have to prevent a malicious event from happening to. Make sure the mining software your using allows you enable this, so your coins are less at risk of being stolen.
Fees and Payout Thresholds
When it comes to choosing the best NiceHash alternative for your needs you need to pay attention to the fees that will be applied for using the software. Typically, the software is free to download and get started but will charge a dev fee from the mining rewards to help fund the software’s future development. Make sure you read and understand each platform’s fee structure before settling your rigs on it, especially the withdrawal fees.
Temp Control and Monitoring
In another article, we mention how mining doesn’t damage your GPU if your following best practices. However excessive heat is the number one killer to any computer component. Therefore, it’s nice to have a way to monitor or even temp limit setting to ensure your rig doesn’t run too hot or at least a way to easily monitor temps so you can adjust the fans if need be.
Something we never really cared for when it came to NiceHash was the fact you couldn’t adjust overclock setting within the software. This limits the rig to settling on one OC setting to mine with which can limit the rig’s full potential. We strongly recommend choosing software that enables OC settings for each algorithm. However, when first starting out you may want to choose a platform that doesn’t as this can be quite a task to learn.
Having the ability to remotely manage your mining rigs is key, especially for those with multiple mining rigs. Some of the platforms mentioned here will have a web console or app that allows users to reboot and adjust overclock settings remotely. However, keep in mind those features typically cost extra in fees so make sure it’s worth it for your mining needs.
Although there are many factors that affect mining profitability the software you choose will have some influence on mining rewards as well. What we’re trying to say is not all software is made equal. Here at Crypto Miner Tips, we do our best to vet the software mentioned here but you will still need to conduct your own research and testing to find what works best for your mining hardware. However, at the end of this guide, we will reveal what we prefer to use and found to be most profitable.
Best NiceHash Alternatives In 2020
Cudo Miner is a mining platform that automates a lot of configuration needed in order to mine profitably. This software is a multi-algorithm miner and is designed to switch between several of the most profitable cryptocurrencies out there to ensure your hardware is optimized for performance.
What sets Cudo Miner apart from most of the other NiceHash alternatives is the ability to be paid in several different cryptocurrencies and not just Bitcoin. Currently, Cudo Miner supports Windows, Mac OS, And Linux. If that’s not enough, they also have their own operating system which can be flashed to USB free of charge.
Cudo Miner is simple to use yet comes loaded with a wide range of features such as custom overclocking, remote management and much more. Please be advised that Cudo miner is free to download yet they charge a fee from the mining profits which helps pay for future improvements to its platform. Use this link to learn more about how you can get started with Cudo miner here.
- Custom Overclocking for Each Algo
- Remote Management
- Choice of Payment
- Higher mining fees
Miner Stats is a relatively new software that has been growing in popularity across the mining scene. This alternative to NiceHash is optimal for a miner with one or more rigs. Available on Linux and Windows, Miner Stats enable crypto miners to manage and monitor their mining operations from anywhere in the world.
This application grants miners the ability to configure custom profit switching settings between a wide range of mining pools. However, with that said, Miner Stats will not oversee paying out; it’s the pools you choose to mine on that will be responsible for mining rewards.
Its user-interface friendly dashboard is loaded with a wide range of options that lets you accomplish even the most tedious tasks quite easily. Individuals who run medium or large mining farms can enjoy control room features that allow one to arrange their mining rigs in the same order as in their physical room. Learn more about Miner Stats here.
- Customized Alerts and Triggers
- Choose whatever coin you want to mine
- Intuitive and easy-to-use GUI
- You can set temperature limits
- Features a mining scheduler
- Doesn’t Support Mixed Rigs
- Subscription fee is quite high
Hash Auger is another good multi-algorithm NiceHash miner alternative designed for Windows rigs with Nvidia GPUs. It allows users to set algorithm-specific overclocking and miner settings per GPU. Unlike other algorithm switching NiceHash alternatives, this mining software is written in a high-performance programming language that is much more robust than PowerShell. It allows user to easily customize a wide array of settings without having to modify config files or writing custom code
The built-in web service that hosts a mobile device-friendly dashboard allows you to monitor your rigs from anywhere. It also allows users to interact with the software’s API using any scripting or programming language that can post JSON data.
Hash Auger also helps users optimize their mining efficiency by providing a wide range of advanced energy settings such as power management tools, time of the day mining, and automatic switching based on mining profits other than revenue. You can get started with Hash Auger by visiting the official site here.
- All earnings from benchmarking go to the user
- Automatic algorithm switching
- Highly profitable
- Remote rig management
- Can automatically suspend mining on individual GPUs
- Automatic restart of frozen or crashed miners
- Complex Setup
- Only runs on Windows OS with Nvidia GPU
Kryptex is an easy to use NiceHash alternative specifically designed for Windows OS. It lets you mine crypto with either CPU or GPU and features an intelligent computer hardware sensor that automatically analyzes your hardware and estimates how much money you will be earning daily or monthly.
It pays users in bitcoins or real-world-money (be it dollars or any other currency of your choice). Furthermore, it offers its users a wide range of payment methods. You can have a minimum withdrawal of 0.0002BTC, which attracts a withdrawal fee of 0.0001BTC.
The software is relatively easy to use and much easier to navigate and allows switching between different algorithms. You can choose between the full and light mode when mining. Light mode allows you to limit the amount of your CPU/GPU power used in mining. Get started with Kryptex miner here.
- Easy to setup
- A simple and uncluttered GUI interface
- Allows both CPU and GPU mining
- Wide range of payment methods
- A good referral system
- Runs on both low and high-performance computers
- Auto starts with Windows
- Easy to navigate
- Doesn’t support Linux and macOS
- Low profitability
- Unknown developers
- Doesn’t support cloud mining
HoneyMiner is another alternative to NiceHash that supports multiple rigs and protects your digital assets using two-factor authentication, SSL certificate, and cold storage. Unlike the other NiceHash alternatives, HoneyMiner only requires you to have a valid email address and a computer to start mining.
A crypto profitability calculator is installed within the app that lets you determine how much you can earn if you decide to trade your coins at any given time. It supports cloud mining through its Hotel Honey service. The service allows you to rent more hash power from the company at a fee. The software automatically picks the most profitable coins for you, depending on your computational power supplied by your hardware.
However, you need to keep in mind that the HoneyMiner cloud mining service does not support granular overclocking for each coin’s hashing algorithm. Currently, the app only supports macOS and Windows. The Linux version hasn’t been fully developed. Follow this link to get started with HoneyMiner.
- The software is highly secure
- Transparency in their operations
- No minimum withdrawal threshold
- Easy to monitor your mining progress
- Easy to download, install, and setup
- Doesn’t support Linux
- Less profitable
- Can only mine bitcoin
- Doesn’t support ASIC mining
MinerGate utilizes the CrytoNote protocol. It is one of the oldest NiceHash alternatives for Mac that allows its users to mine up to 15 different cryptos, including Bitcoin, Zcash, Monero, Ethereum, and many more. It provides you with two options that you can choose from. The first option allows you to mine one or more cryptos that deploy the same algorithm while the second option allows you to choose the most profitable coin and mine it.
The platform offers good security thanks to the Secure Socket Layer (SSL), two-factor authentication, and email verification. To eliminate the risk of hacking, the platform doesn’t allow its users to store their earnings on the platform. Everything is paid out as soon as you reach your minimum payout amount.
Furthermore, the mining software is designed with beginners in mind since it only requires a single button click to start mining. The interface is simple, and the mining fee charges stands at between 0% and 1.5%. MinerGate runs efficiently on Windows, Mac, and Linux OS. Learn more about MinerGate here.
- It can run on any PC
- Features a highly intuitive user interface
- Withdrawals are free
- Supports CPU, GPU, and cloud mining
- 24/7 support
- You can mine a wide range of altcoins
- Less profitable
- User interface too simplistic for advanced miners
Awesome Miner is probably the best alternative to NiceHash because it provides you with centralized management of up to 200,000 miners from a single user interface. It supports ASIC and GPU mining, and the mining process is automatically initiated, supported, and monitored by the software. The platform is accessible through a Windows application and web interface. You can mine up to 40 different cryptos with Awesome Miner.
It also provides its users with the option of adding custom mining software, algorithm, or mining pool. The platform makes use of native overclocking features to control clock speed, voltage, power, and fan properties of your GPU.
The remote management mobile phone app provides you with the ability to perform overclocking remotely. It runs efficiently on Windows and Linux OS. Get started with Awesome Miner here.
- Features convenient and multifunctional GUI
- You can control mining remotely
- Can mine a wide range of cryptocurrencies
- Easy to monitor the value of cryptos and mining profitability
- High cost of software
- Not ideal for beginner
- Maybe relatively hard to set up
BetterHash is a NiceHash miner alternative designed to take care of everything. It selects the best-performing coins, switches between algorithms automatically, and even creates a wallet for you if you don’t have one yet. This platform serves as an advanced and powerful tool for both beginners and experienced miners.
With BetterHash, you can benchmark your computer after the installation process to see an estimation of its cryptocurrency earning capabilities. Apart from Bitcoin, users can also mine other cryptocurrencies, including Ethereum, Monero, Zcash, Dash, and many more.
BetterHash will only switch from one algorithm to another if there is considerable profit difference between the two of them. It supports both CPU and GPU mining, but only runs on Windows OS. You will need a 64-bit PC for a better mining experience. Follow this link to get started with BetterHash.
- Easy to use
- Fast withdrawals
- Mining is free
- Doesn’t support Linux and macOS
- Its design is too simplistic for advanced miners
- Withdrawals are fast but quite expensive
AIOMiner is a free-to-use Windows-based GPU mining software that supports over 50 different algorithms. With AIOMiner, users can mine a wide range of cryptos that most other mining platforms don’t offer. The software benchmarks your mining rig to help you estimate the number of coins you can mine and lets you connect to any pool.
The software also leverages important public information from WhatToMine.com and sends real-time alerts to its users based on what its AI algorithm finds out. The primary goal of this process is to help users know the most profitable mining operation at any given moment. The automatic profit switching feature takes up this information and can automatically disable mining as soon as the AI algorithm detects unfavorable market conditions.
The software is free to download, and users can even access its source code from the developer’s GitHub page free of charge. Its remote-control feature lets you control your mining process from anywhere, anytime. You can even apply changes to your entire mining farm at once. Get started with AIOMiner here.
- Mining is 100% free
- Automatic updates
- Free 24/7 support
- You can automate what to mine and when to mine it
- Auto recovery features ensure continuous mining
- Doesn’t support macOS and Linux
- Low hash rate
- Can’t mine one specific coin. It is all on one
Mining Rig Rentals
Mining Rig Rentals is both a marketplace where you can buy and sell hash power and mining software that can help you earn cryptocurrency. The platform supports more than 100 algorithms with auto-algorithm switching capabilities.
The software allows its users to get paid in BTC, LTC, ETH, DASH, and BCH. It supports ASIC mining and even lets sellers set up mining on their rigs while waiting for someone to buy the hashing power of the machine.
The fee for rig renting is usually 2% on the buyer’s side and 3% on the seller’s side, but mining is free. Mining Rig Rentals can run on Windows, macOS, and Linux. Feel free to get started with Mining Rig Rentals here.
- Free pool selection
- Easy to set up and use
- P2P rigs can be rented from miners
- Mining is free
- No fancy designs
- Need to understand the basics of mining to get started
- Relatively high renting fee
Now that we have our list of the top ten NiceHash alternatives, it is time to reveal the app we believe is the best among the lot.
While all the above are good alternatives to NiceHash, Cudo Miner stands out as the best cryptocurrency mining software so far. With its multi-algorithm feature that lets you switch between different algorithms automatically, you can be sure of good returns on your investment.
This software provides you with the option of setting it up manually on your CPU/GPU and choosing which coins you want to mine.
Furthermore, you get a detailed breakdown of your earnings, temperature readings, hash rate readings, and much more. What is even more exciting about Cudo Miner is that you earn 10,000 satoshis as a joining bonus upon sign up.
Do you think we have left out any software worth mentioning? Let us know in the comments below, and we shall review it for possible inclusion on our list.