NiceHash is a marketplace for computing power: owners of graphics cards and mining rigs sell their hashrate there, and buyers rent it for their own mining projects. Payment in both directions is in bitcoin. Sellers need not worry about pools or which coin to mine; buyers get computing power without their own hardware. In return, NiceHash charges fees: according to its own fee interface, 2 percent for sellers and 3 percent for buyers on November 8, 2026.
This guide explains how the hashrate market works, what costs arise, why the electricity price in Germany is the real hurdle and what role the 2017 hack plays in assessing the platform.
What is NiceHash?
NiceHash is a Slovenian company that has operated a trading venue for computing power since 2014. In mining, computing power is called hashrate: the number of calculations per second a device performs in trying to find the next block of a proof-of-work blockchain. The higher the hashrate, the larger the share of the rewards.
The platform connects two groups. On one side are sellers, mostly private miners with graphics cards or specialised ...
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