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Support for mining into NiceHash account Wallet

Dear miners,

Up to now we did not support mining into NiceHash account Wallet (so-called in-wallet mining). Well, with the latest features update of our back-end system this is now fully supported. Please note that this announcement/feature is about mining on NiceHash stratum servers. If you're mining on other 3rd party pools with auto-exchange or direct Bitcoin payments you should still mine into your personal wallet and not into NiceHash account Wallet! That said - if you're mining on NiceHash stratum servers and are using NiceHash account Wallet as Bitcoin mining address, all mining payments will be delivered directly into your NiceHash wallet account.

If you choose so, you can mine into your NiceHash wallet address directly. All mining payments will be delivered directly into your NiceHash wallet account. However, you should consider high Bitcoin network transaction (TX) fees when making withdraws, therefore we do NOT recommend you to mine into your NiceHash wallet address directly if you plan to do frequent withdrawals, because high Bitcoin network TX fees may consume most of your earnings. It is however recommended that you mine into your NiceHash wallet address directly if you plan to spend these Bitcoins for hashing power Order purchases.

That said, you now have two payments receiving options as a miner on NiceHash:

  • Existing option: Use your Personal Bitcoin wallet address as the mining address and receive payments automatically according to our payment schedule. In this case payment schedule is predefined and all Bitcoin Transaction (TX) fees for payments are covered by NiceHash.
  • New option: You can mine into your NiceHash wallet address directly. In this case you choose when to make withdrawal of the funds that accumulate in your NiceHash wallet. Please note that in this case the Bitcoin Transaction (TX) fees will be deducted from your withdraw amount (similar as on Exchanges and other services). As said, network TX fees may be significant for you in this case.

We have many more exciting features for both buyers and sellers coming with the next features update, so stay tuned!

Thank you for your using our service and keep on hashing! ;)