Introducing USDT Spot Market: Buy and Sell Hashrate in Stablecoins

The NiceHash Hashrate Marketplace just got a second currency. For the first time, both miners and hashrate buyers can operate entirely in USDT - no conversions, no BTC exposure, no workarounds.

Two Independent Markets, One Marketplace

NiceHash now operates two completely independent spot markets for Bitcoin hashrate.

The existing BTC Market remains exactly as it is - live, operational, supporting all 20 algorithms, with BTC settlement. Nothing changes for anyone currently using it.
The new USDT Market runs alongside it as a fully separate market - its own order book, its own dedicated hashrate pool, its own price discovery. Available for SHA256AsicBoost algorithm only, with USDT settlement. Launching May 2026.

The key distinction: this is not a conversion layer sitting on top of the BTC market. It is a genuinely independent market. Miners choose which market to sell on by connecting to either the BTC stratum or the USDT stratum. Buyers choose which market to buy from based on their currency preference and real-time pricing.

NiceHash hashrate marketplace USDT BTC

Why We Built This

Buyers holding USDT or USDC who want Bitcoin mining exposure currently have to convert to BTC before they can purchase hashrate. That means conversion fees, exchange spreads, and BTC price exposure during the purchase process - all before a single terahash is bought.

The USDT Market eliminates that friction entirely.

Deploy stablecoin capital directly into hashrate. Lock your costs in USDT. No pre-conversion required.

On the miner side, the problem is the mirror image: you produce Bitcoin, but your electricity contract, hosting fees, and payroll arrive in fiat. Every payout cycle means another conversion, another spread, another window of price exposure. The USDT stratum gives miners a direct path to stable revenue - without touching the BTC market at all.

What This Means for Buyers

Lock costs in USDT. Price your hashrate purchases in stablecoins - no BTC fluctuations between decision and execution. What you see is what you pay.
No pre-conversion needed. Deploy stablecoin capital directly. No need to hold BTC reserves, no conversion fees, no extra steps between capital and hashrate.
Compare both markets in real time. See live pricing across both the BTC Market and the USDT Market simultaneously. Choose the most favorable entry point for every order.
Same matching speed. The USDT Market runs on the same sub-second matching engine as the BTC Market. USDT settlement, same performance.

What This Means for Miners

Access a new buyer segment. The USDT Market opens your hashrate to buyers who prefer stablecoin settlement - a growing segment that previously couldn't participate without converting first.
Choose your earning currency. Connect to the BTC stratum to sell on the BTC Market and earn BTC. Connect to the USDT stratum to sell on the USDT Market and earn USDT. Simple as switching your stratum endpoint.
Predictable cashflow. Earning in USDT means stable, predictable revenue - no BTC volatility between mine and payment. Particularly valuable for operations with significant fiat-denominated costs.
Full flexibility. Switch between markets anytime by changing your stratum. Convert between BTC, USDC, and USDT directly in your NiceHash wallet - no external exchange needed.

How to Get Started

For Buyers

Step 1 - Deposit stablecoins

Deposit USDT or USDC to your NiceHash wallet. The Solana network is available now - fastest deposits, lowest fees. TRC20 and ERC20 support coming soon.

Step 2 - Convert if needed (optional)

Use the built-in convert feature to exchange between BTC, USDC, and USDT directly in your wallet. No external exchanges required.

Step 3 - Select the USDT Market

Navigate to the USDT Spot Market - it's listed separately from the BTC Market. Select SHA256AsicBoost, set your price and amount in USDT, and place your order. Matching happens instantly when hashrate is available.

For Miners

Your stratum connection determines which market you sell on and which currency you earn.
BTC Stratum → sells on the BTC Market → earns in BTC. This is the default. Nothing changes if you stay here.
USDT Stratum → sells on the USDT Market → earns in USDT. Switch your stratum endpoint to connect. Convert earnings to BTC or USDC anytime via the wallet.

Launch Timeline

The USDT Market is launching in early May 2026 as an invite-only soft launch for our core trading community. The first phase is dedicated to ensuring smooth operations before opening to the full public.

This approach lets us validate performance, gather early feedback, and scale the market carefully - so that when full public access opens, it's ready.