Nicehash is a popular hash power broker and marketplace where users can buy and sell the computational power of their mining devices, known as hashrate. Hashrate or Hashpower, is a computational resource that is a quantification of how much hashing power your computer or mining hardware can produce for the purposes of solving different cryptocurrency Proof of Work algorithms. Nicehash allows users to buy and sell hashpower and point it at the mining pool of their choice where they will be paid proportional to the amount of hashpower they connect.
Nicehash and other hashrate marketplaces allow users to mine on Binance Pool without having to own and run their own mining hardware, and allow users to participate in popular Binance Pool exclusive products such as Pool Savings.
Buyers on Nicehash connect to miners (hashrate providers) on the Nicehash platform and choose where they want to submit their hashrate. Buyers can submit SHA-256 hashrate to Binance Pool to be rewarded. Binance Pool is an attractive option for many Nicehash buyers as the combination of low Pool fees and multi payment system means they are often more profitable. Buyers on Nicehash will first need to create a Binance Pool Account in order to route hashpower
For More Information on Binance Pool payout system visit this FAQ: “What Is Binance Pool”.
How to create a Binance Pool Account:
Nicehash users will need to have a Binance Pool account to route their purchased Hashrate to. To create & register an account on Binance Pool Please refer to this FAQ: “What Is Binance Mining Account and How to Create It”.
How to create a NiceHash account:
Please visit https://www.nicehash.com/my/register to register a new Nicehash account. You will then need to deposit Bitcoin into your Nicehash wallet to be able to buy Hashrate on the NiceHash marketplace as all Hashrate contracts are purchased in Bitcoin regardless of the Hashrate algorithm you chose. Please keep in mind, Binance Pool only accepts SHA-256 and other Binance Pool supported algorithms Hashrate.
How to Place an order on Nicehash:
Nicehash marketplace enables two different types of hash power orders to be placed. For more information on the functionality please visit this page.
How to link NiceHash to Binance Pool.
Once you have created a Binance Pool account and Nicehash account you can configure your worker and stratum proxies.
Available stratum proxies for SHA-256 (Binance Pool):
Mining URL:
stratum+tcp://sha256.poolbinance.com:8888
stratum+tcp://bs.poolbinance.com:3333
Supported ports: 8888、3333、1800、443
How to connect Nicehash to Binance Pool:
On the buyer side of Nicehash you will see an option to configure your stratum proxy and the worker name. Please choose from the stratum proxies listed above and input the worker name in the username box that exactly matches your sub account name on Binance Pool. If you have not changed it, the default password for Binance Pool accounts will be 123456
Once you have deposited bitcoins on your NiceHash wallet and configured Binance Pool, you are ready to place an order. From here execute the buy order on NiceHash and check your connection on Binance Pool.
You can place your order by going to the Marketplace.
For more information on buying Hashrate on NiceHash, please visit this page
Since Binance Pool is where NiceHash users receive their mining rewards, it’s important to ensure your hashrate is connected properly. Within 15 minutes of placing your order on NiceHash, you should start seeing statistics on Binance Pool.
If you have any questions about Nicehash & Binance Pool mining or need any help, please send an email to poolvip@binance.com for further consulting.
