At NiceHash our vision has always been to look towards the future of finance and to a world where Bitcoin is a globally accepted part of everyday life, providing financial opportunity and security for the global economy. 

Our core part to play within this vision is by the unique positioning of our hashrate marketplace, providing a platform for connecting buyers and sellers through an open market. This approach has solidified NiceHash as a key backbone of the mining industry, a position we intend to grow to an even higher level.

Our hashrate marketplace, an unparalleled concept, has continually been the launch point for so many other products. We intend to further build on the potentials of our model, bringing improved solutions and user experience for buyers and sellers of hashrate. We are already working with some of the biggest names in the mining industry to provide infrastructure and solutions through our world unique capabilities, and have mining at the center of our platform for future business partnerships.

Operating many products and services over 190 countries worldwide means important changes are necessary to refocus on mining. We are strongly committed to our mining roots, and as such we would like to announce several key changes to our platform and the way we operate:

Developing our Hashrate Marketplace to new heights

• Through the core of our platform, the hashrate marketplace, we will focus on an improved user experience for both buyers and sellers.
• Our marketplace already powers many other products, and we continue to partner with other businesses to provide infrastructure, services, and tools for optimizing mining and other potential monetizations of hashrate.
• This brings with it the development of new mining related products and services.
• We are developing advanced tools and features for ASIC miners, to offer optimum operational capacity for farms and bigger miners.

The closure and replacement of NiceX Exchange

• Our inbuilt exchange will be discontinued in October in order to fully focus our capabilities on mining, and usher in a new partnership with one of the major exchanges that will provide an improved user experience, access to many more markets, and increased liquidity for traders.
• We are assessing alternative exchange solutions and intend to build a partnership in the future with a major third party exchange. In the meantime please use your preferred exchange for all trading activities.
• We will gradually delist all trading pairs, and balances you hold in currencies other than BTC will be converted to BTC. Your NiceHash BTC wallet will remain.
• The Euro transactions (deposits & withdrawals) and Euro exchange feature will also be discontinued.
• Our third party solution for buying and selling crypto currencies provided by Banxa will still be available. 

NiceHash is in a strong position to continue to grow and develop business relationships with key partners in the mining industry, and fulfill the mission of making bitcoin the future of the financial system. With the above changes, we will be able to provide an improved user experience and center ourselves even more at the forefront of the mining industry.

We extend our gratitude to everyone who is a part of our mining community and we look forward to building incredible new things together.

Your NiceHash team