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Top 4 Best User Friendly Alternatives To NiceHash (Updated 2019) – UseTheBitcoin

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Everyone is searching for alternatives to Nicehash. The NiceHash exchange is a place where people turn in their computing power over to miners who want to create a new coins. This makes it easier for users to get access to mining solutions without having to compete with massively large miners from all over the world.
In this guide, we are going to share with you which are the alternatives to Nicehash. There are some platforms that are sharing with users the possibility to mine a wide range of virtual currencies. Although not all of these platforms will necessarily replace Nicehash, it is always good to have alternatives to Nicehash.
NiceHash was confirmed to be hacked a few years back with hackers moving lots of investors Bitcoin from the platform.
Though NiceHash hasn’t come out to mention the number of Bitcoins that were stolen Reuters has reported the figure to be around 4,700 Bitcoins which is worth over $60 million at the time of writing. However, this amount has reached a price of $282 million in 2021.
NiceHash has currently stopped mining operations while investigations are ongoing to know what exactly happened. A few days later, Nicehash’s  service was relaunched, but some of the users lost faith in what was the most user-friendly mining platform.
Pending the time NiceHash resumes operation, there are alternatives you can get onboard to make some money through mining. So, what are some good nicehash alternative services?
In the next sections, we are sharing with you the best alternatives to Nicehash. Take into consideration that the platform you use will depend on different things. The alternatives to Nicehash that you want to use are those that offer similar services at a better price. Moreover, you could also search for better services at a lower price.
Cudo Miner is a crypto mining software that can be downloaded and installed on the PC to mine altcoins. The software was developed by Duncan Cook and Matt Hawkins who are both IT specialist.
The software is compatible with Windows, Ubuntu and Mac OS. To set up the software on your pc, visit the official website of the miner download and install. Then proceed to create an account.

The software offers users many features including automatic algorithm switching that ensures they mine the most profitable coins only. This is done by scanning the coin value and its difficulty and then switching the mining efforts automatically to ensure the user attains the highest profitability at all times.
However, for seasoned miners that know how to optimize their machines to mine a specific coin they can choose to disable the auto algorithm and manually select the coin to mine.
In conclusion, Cudo Miner is designed in a way that it’s easy to use for both new and experienced miners. It’s also one of the few cryptocurrency mining software available in the market that allows users to make profits from the activity.
With a built-in GPU overclocking settings and ISO build, Cudo Miner is an awesome NiceHas alternative.
HoneyMiner sets you on a course to make your computer system a mining rig, converting your processing power into some extra passive income. Unlike having to mine by yourself, mining with the HoneyMiner saves you a lot of costs you could have incurred, especially on electricity.
The HoneyMiner  app, which is available for Windows OS, is easy to download and set up. All that’s required for registration is a valid email address.
The program is developed in such a way that it automatically detects which coin is most profitable to mine at any point in time, mines it and converts all cryptocurrencies mined into Bitcoin for payout. Payout requests can be made into any Bitcoin wallet with support for Venmo coming soon.
There is also a consideration for those who have previously been into cryptocurrency mining; those with mining farms. The HoneyMiner App can make use of high processing speeds as well to mine cryptocurrencies.
This mining is highly profitable as anyone can join irrespective of their hardware power. The Crypto Calculator helps you determine how much you can earn if you hodl your coins for a specified period.
The MinerGate cloud mining program makes mining profitable and affordable for everyone. You can mine Bitcoin and 14 other cryptocurrencies for a low fee. Hashing24, a Scotland based company, provides MinerGate with the hash power needed for bitcoin cloud mining.
Your hash power determines how much coins you can mine in a giving period. To purchase a 20GH/s for could mining, you need a 0.0034 BTC one-time fee with a daily maintenance fee of 0.0066 USD which is relatively low compared to other competitors. Pricing for 100GH/s and 500GH/s are 0.017 BTC and 0.085 BTC respectively.
MinerGate’s advantage over NiceHash is you don’t store your coins on the platform. Mined cryptocurrencies are paid directly into your wallets when minimum payouts are reached. So the fear of losing a considerable chunk of bitcoins if the mining company goes down is out of the way. Minergate vs Nicehash? The Nicehash platform is way more profitable than the Minergate one, but the lack of confidence people now have in Nicehash makes Minergate a good alternative.
The Kryptex Miner for Windows users makes mining easy though they do not specify or allow you to determine what cryptocurrency you will be mining. Downloading the application analyses your computer hardware and gives you the fiat value of how much you would be earning daily and monthly. Your earnings are then sent to your Bitcoin wallet address, and you also have the option to get paid with the Qiwi Visa Wallet which is a free online bank card which can be used on the Internet like your Visa card.
Your withdrawal options for your country would give you a guide on which one is best.
Nicehash is one of the best platforms if you want to mine virtual currencies through cloud mining. Nevertheless, there are some platforms that could work as alternatives to Nicehash. Everything depends on your needs and the platforms that offer these solutions to you.

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Aggregate Bitcoin Price Has Increased By $87 Billion In Last Five Months – Bitcoin Magazine

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The realized market capitalization of bitcoin, or aggregate price paid for every coin on the network, increased by $87 billion since last August.
The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
In recent weeks, much of our analysis has been focused on the consolidation period currently occurring in the bitcoin market, with a particular focus on realized price as an indicator of lackluster capital flow. As shown by the chart below, the realized market capitalization of bitcoin, which can otherwise be thought of as an aggregate price paid for every coin on the network, has increased by $87 billion since the beginning of August. 
While significant in absolute terms, given that the realized market capitalization of bitcoin was a mere $90 billion at its peak following the 2017 bull market, in relative terms realized cap has not meaningfully increased since early fall of 2021.
A look at the 30-day rate of change of realized price gives additional context to this dynamic. 
To dig deeper into the dynamic of price and realized price, we can examine the Delta Gradient indicator. The metric gauges market momentum relative to capital inflows.
As per Glassnode,
“The momentum of a market can be considered by assessing the rate of change of price, or the verticality over some period. The simplest example is a parabolic advance, whereby the rate of price appreciation increases in magnitude as a result of market momentum.
“The Realized Price reflects the aggregate price at which each coin in the supply last moved. Steeper increases in the Realized Price indicates a true and organic capital inflow is occurring, as every coin that is spent on-chain and sold, has a buyer with fresh capital. The steepness of this curve therefore represents a rational baseline for sustainable value growth.
“The Delta Gradient is calculated as the difference between the gradient of the spot Price, and the gradient of the Realized Price. This metric therefore measures the relative change in momentum between speculative value, and true organic capital inflows.
“Statistical normalization is then applied to bring historical values, and log-scale price changes into a consistent scale.”

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Crypto Podcast: Markets Dip and a Closer Look at the Metaverse – Coindesk

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With crypto markets slightly dipping and a look at why we need rules if we want our virtual worlds to be free and open, CoinDesk’s Markets Daily is back with the latest news roundup.
Adam B. Levine
Adrian Blust
This episode is sponsored by Kava.
Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition
European stocks slip after declines on Wall Street | Financial Times
Stock Futures Edge Up Ahead of Bank Earnings – WSJ
Central banks start turning off the cash taps | Reuters
North Korean Hackers Stole $400M in 2021, Mostly in Ether
Pakistan Plans to Ban Cryptocurrencies as Stance Hardens
House of Lords Committee Sees ‘No Convincing Case’ for UK CBDC
Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto Startups
Payments Giant Block to Build Open-Source Bitcoin Mining System
Nike and Adidas Are Dipping Toes Into the NFT Market. The Sneakerheads Are Into It
Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1s by Volume: Nansen
Featured Story: The Metaverse Needs a Constitution
This episode was edited and produced by Adrian Blust.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
@2021 CoinDesk

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Tim Cook said Apple is looking at cryptocurrency – Here’s what the company is likely to do – 9to5Mac

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December 28, 2021
Bradley Chambers
– Dec. 28th 2021 6:00 am PT


A few weeks ago, Apple CEO Tim Cook made headlines when he said he personally owns cryptocurrency while mentioning that Apple is looking at it from a technology perspective, but not from a treasury decision. What will Apple do with Bitcoin and cryptocurrency?

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It’s something we are looking at, it’s not something we have immediate plans to do. I would characterize it as there are things that I would not do like our cash balance. I would not go and invest that in crypto not because I would not invest my own money in crypto, but because I don’t think people buy Apple stock to get exposure to crypto. So if they want to do that, they can, you know, invest directly in crypto through other means. And so I would not do that. I’m not planning to in the immediate future to take crypto for our products. As a mane of tender, but there are other things that we are definitely looking at.
During the interview, Cook revealed that he owns cryptocurrency, saying “it’s reasonable to own it as a part of a diversified portfolio,” while also noting that he’s “not giving anybody investment advice.” However, Cook didn’t mention if he owns Bitcoin or another particular type of cryptocurrency.
Apple has plans for its retail financial arm. Its Apple Pay service allows people to send money in particular jurisdictions over iMessage. It also has its Apple Wallet app and associated Apple Pay services for mobile payments. Apple wants to grow its services business, and siphoning off banking services is an ideal way to do it. What does this have to do with cryptocurrency?
I believe that Apple will build a Bitcoin wallet directly into Apple Wallet shortly while also allowing for a low-cost way to purchase Bitcoin on iPhone.
With Bitcoin wallets – where you maintain full control of your bitcoin and move it off an exchange like Coinbase –you are responsible for securing your wallet with a seed phrase. I personally reccomend using a couple of Trezor, Ledger, or Coldcard hardware wallets with a multisig vault with a company like Unchained Capital to eliminate single points of failure with your Bitcoin wallets. I also recommend using a steel wallet like billfodl or SEEDPLATE for securing your seed phrase in case of hardware failure.
For newcomers to Bitcoin, this whole process might seem overwhelming, which is why I think Apple might approach it in a couple of ways:
If Apple operates as a Bitcoin exchange, they’ll let you buy bitcoin directly in the Apple Wallet app using whatever payment methods you have on file. They’ll allow you to store your holdings in Apple Wallet while Apple itself will retain the keys. It’ll look a lot like what Cash App or Coinbase does, where you can send, receive, and store Bitcoin without needing to store your seed phrase.
If Apple sets up a software wallet directly on iPhone, it’ll likely look similar to BlueWallet, where you take self custody of your Bitcoin with a seed phrase backup. You’ll own the keys to your Bitcoin directly on your iPhone and be responsible for backing up the seed phrase. If Apple goes this route, I suspect they’ll build in an encrypted iCloud backup of your seed phrase that’s tied to multi factor authentication in such a way where only you can decrypt it. It’s not ideal, but it’s better than nothing.
Finally, Strike is a company I could see Apple partnering with for global Apple Pay Cash transactions. Twitter is already working with the company for its tipping service. Strike does a couple of things that could be of interest to Apple:
It accomplishes the global payment system using Bitcoin as the transaction medium. If I want to send someone in another country money, I input dollars, it converts it to Bitcoin and converts it back to local currency when received. It sounds simple, but it’s a pretty revolutionary way to process payments globally for free.
I just published Announcing the Strike API
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
— Jack Mallers (@jackmallers) September 23, 2021

Ultimately, Bitcoin is becoming a significant force to be reckoned with in our world. With a finite supply, decentralization, and digitization of our financial system, it’s likely to continue to play a significant role as digital gold and global settlement network. Apple doesn’t want to miss a massive shift in technology as it seeks to drive services revenue and become a significant player in the financial services industry.
It’s also possible Apple will use Bitcoin as a transaction layer with its online store when the company is concerned about the stability of the local currency as we saw recently in Turkey.
Bitcoin’s energy usage is a common discussion among its critics. While there is a lot to unpack here, I’ve found the video I’ve embedded below to be a great resource to explain how there’s more to the discussion about Bitcoin and energy usage than most people would lead you to believe.
TL;DW: The Bitcoin network uses less energy than the use of Christmas lights in the US.
What do you think Apple will do with Bitcoin and cryptocurrency? Leave a comment below! Interested in learning how to buy Bitcoin? We’ve put together a detailed guide on the best apps for buying Bitcoin on your iPhone
FTC: We use income earning auto affiliate links. More.
Check out 9to5Mac on YouTube for more Apple news:
Breaking news from Cupertino. We’ll give you the latest from Apple headquarters and decipher fact from fiction from the rumor mill.


Bradley lives in Chattanooga, TN.
Tips, feedback, corrections and questions can be sent to Bradley@9to5mac.com.
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