Of the pools and services we have so far reviewed, Nicehash is the most comprehensive. However, a new miner could quickly become lost on its website.
It combines a hash rate market, a crypto mining tool, and a portal for crypto exchanges.
You have two choices with Nicehash: either use their in-house mining program, NiceHash Quickminer, or use any third-party mining program with NiceHash Miner.
Today, we will discuss how to connect a Bitmain Antminer S19 Series miner to Nicehash so that you can begin mining Bitcoin. This includes the Antminer S19j Pro, Antminer S19 XP, and Antminer S19 Pro+ Hydro.
What is NiceHash?
The largest hash power broker marketplace, NiceHash, connects hash power buyers and sellers, or miners, with one another. Hash power is a computational term that refers to the processing power that your computer or other hardware uses to execute and complete various cryptocurrency Proof-of-Work hashing algorithms. The NiceHash service is distinctive in that it only links various end users and does not provide any cloud mining options, i.e., NiceHash neither owns nor leases any mining equipment.
Connect the power and internet to your Bitmain Antminer S19 series miner.
Your local network should contain the IP address of your Bitmain Antminer S19 series miner. You can do this by logging in to your router, going to DHCP, and searching for the Antminer IP address. Copy and paste the IP address into your browser.
Log in using the default credentials of “root” for both the username and the password.
Go to the Miner Configuration tab by navigating.
Go to this URL in a new tab in the browser: https://www.nicehash.com/asic-mining. Click Generate Stratum after selecting the SHA-256 mining algorithm for your Bitmain Antminer S19 series miner.
Copy stratum server, in this case use stratum+tcp://x11.auto.nicehash.com:9200 or stratum+ssl://x11.auto.nicehash.com:443 (if ssl is supported). Enter it in the URL text field on the Miner Configuration tab (step 4).
In the text field for the worker, enter your Nicehash mining address or an external BTC wallet address. You can use it like this: MiningAddress.WorkerName to name your worker.
Password should always be “x”.
Is NiceHash a Pool?
NiceHash is the largest hash-power broker that connects sellers or miners of hash-power with buyers of hash-power.
NiceHash is not a pool because it does not use the miner’s hash-power to support one blockchain in particular, but rather this hash-power is forwarded to a specific pool picked by the buyer. One more notable distinction between NiceHash and a pool is that the miners receive payment directly from the buyer of hash power rather than from the block reward.
Buyers are the ones who decide where the hash-power should be directed – to which pool. Each cryptocurrency supported by a variety of algorithms can be purchased with hash power.
As a miner using NiceHash, you are getting paid based on the number of valid accepted shares you send. This is also called the Pay-Per-Share (PPS) reward system.
How Does NiceHash Work for You?
Hashing power sellers, or miners, can connect with buyers on the open market place known as NiceHash. Buyers decide which cryptocurrency they want to mine, which mining pool they want to use, how much they are willing to pay for it, and then place an order. Everyone connected to NiceHash using NiceHash Miner or other mining hardware (like ASICs) will then receive this order. You are compensated for this service and the computing power you lend will be used to complete the buyer’s order.
Summary: Connect Bitmain Antminer S19 Series Miner to NiceHash
We describe in this post how to connect your Bitmain Antminer S19 Series miner to NiceHash. With the help of the sharing economy, the cryptocurrency hash power marketplace NiceHash connects buyers and sellers of hashing power. Now begin mining in the Nicehash.
Is It Better to Use NiceHash Or Mine Directly?
Since then, on average, NiceHash payrates were at around 6.4% more than mining directly. There were sporadic spikes of even 40% more! The price may change because NiceHash is a hashpower marketplace where buyers are in competition with one another.
What’s the Profitability of Bitmain Antminer S19j Pro (104Th) in Nicehash?
According to the most recent data, Nicehash could make $3.46 in profit every 24 hours if the electricity cost was 6 cents per kilowatt hour, based on the current BTC price of $22,977.28.
What’s the Profitability of Bitmain Antminer S19 Hydro (158Th) in Nicehash?
On the basis of the current data and the price of BTC at $22,977.28, if the electricity costs 6 cents per kilowatt hour, Nicehash could make $4.13 in profit every 24 hours.