Nicehash is a well-known platform that acts as a hashrate marketplace. It allows users to buy hashrate - the processing power of the mining equipment used to solve Proof of Work algorithms for cryptocurrencies. Sellers offer their hashrate, and buyers can direct that power to their desired mining pool and get rewarded based on their participation.
Through Nicehash and similar marketplaces, users can mine cryptocurrency on platforms like WhitePool without owning their mining equipment.
For Nicehash buyers, WhitePool presents a compelling choice due to its low fees and high payment rate. In order to direct the hashrate, NiceHash platform users need to create a WhiteBIT account, go through a verification process (KYC) and create a personal mining account.
How to create a NiceHash account?
To purchase hashrate, you need to register a NiceHash account on the site and deposit BTC to your wallet. All hashrate purchase contracts are paid in Bitcoin, regardless of the chosen algorithm.
Please note: WhitePool only supports SHA256 and SHA256AsicBoost hashrate.
More information about creating a new order on the NiceHash platform can be found in the guide.
How to connect NiceHash to WhitePool?
During the purchase, you will be able to select the pool to connect your hashrate. Select “Add new pool” and fill in the details:
Custom pool name: WhitePool
Algorithm: SHA256 or SHA256AsicBoost
Stratum hostname or IP: pool1-eu.whitebit.com
Port: 9090
Username: the name of your mining account on WhitePool
Password: x
For more information about purchasing hashrate on NiceHash, please refer to the NiceHash Buying Guide.
Checking that you are connected to WhitePool
After the connection, you need to ensure that the Nicehash hashrate has been correctly connected to the WhitePool.
Within 15 minutes of placing your hashrate order, you will be able to view your stats on your mining pool dashboard.
Support
In case of any questions related to the functionality of our exchange, you can:
- Leave a request on our website;
- Write to the support email: support@whitebit.com;
- Write to the chat using the button
in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click
).