Nicehash vs Minergate – Profitability Comparison

Are you confused among Nicehash or MinerGate? Are you looking for best mining company? Read my in-depth comparison and full review to get better idea.

Nicehash

Nicehash is biggest cryptocurrecny Marketplace Company where it allowed buyers or sellers to do the business.

It is a basically Slovenian cryptocurrecny cloud mining marketplace which connects sellers of hashing power with the buyers of hashing power. The company was founded by Marko Kobal and Matjaž Škorjanc in 2014.

Why to join it??

  • Daily 243000 active members.
  • 485000 active workers.
  • Till now it has served more than 200000 orders.
  • More than 131000 Bitcoin paid out.

minergate vs nicehash comparison

Brief About MinerGate

MinerGate is an open-source cryptocurrecny mining tool and GUI based miner was created in March 2014. Mainly it provides two types of mining services: merge mining and smart mining.

  • Merge mining: it allows users to mine different type of coins simultaneously without decreasing the rate of major coin.
  • Smart mining: It helps you earn beneficial cryptocurrecny at given point of time.

It is a first mining tool, which supports below currencies:

Aeoncoin (AEON), Bitcoin (BTC), Bytecoin (BCN), Dashcoin (DSH), DigitalNote (XDN), Ethereum (ETH), Ethereum Classic (ETC), Fantomcoin (FCN), Infinium-8 (INF8), Litecoin (LTC), Monero (XMR), MonetaVerde (MCN), Quazarcoin (QCN) and Zcash (ZEC).

Generally MinerGate offers two tools: GUI (graphical user interface) and console. It is available for windows, ubantu, and Mac os and android.

Nicehash vs MinerGate – Profitability Comparison

Unique Features,

  • Nicehash updates order rate in each and every 10 second compare to miner gate.
  • Nicehash has lots of different type pools compare to MinerGate.
  • Compare to Nicehash, with a simple charge of pool you can mine in MinerGate.
  • NiceHash allows trading your hash power while MinerGate don’t.
  • MinerGate having a referral program compare to Nicehash where you can have upto 75% cashback.
  • In MinerGate you have to purchase minimum of 20GH/s and It is for bitcoin mining only, there is no any min purchase limit in Nicehash.
  • In Nicehash Payments are only in Bitcoin, however external fees are very high.

Supported Coins/Currency

Nicehash is mainly work for Bitcoin. On the other side MinerGate supports below list of currencies:

Aeoncoin (AEON), Bitcoin (BTC), Bytecoin (BCN), Dashcoin (DSH), DigitalNote (XDN), Ethereum (ETH), Ethereum Classic (ETC), Fantomcoin (FCN), Infinium-8 (INF8), Litecoin (LTC), Monero (XMR), MonetaVerde (MCN), Quazarcoin (QCN) and Zcash (ZEC).

Fees and Pricing

In MinerGate The price of Bitcoin cloud mining is totally depends to the hash power you purchased.

Generally this type format is available here,

  • 20 GH/s Bitcoin cloud mining costs are 0.0034 BTC.
  • 100 GH/s Bitcoin cloud mining costs are 0.017 BTC.
  • 500 GH/s Bitcoin cloud mining costs are 0.085 BTC.

In Nicehash, Buyers have to pay a non-refundable 0.0001 BTC fee for a new order and 3% fee for the amounts spent on hash power orders. Bitcoin withdrawal fees are set to 0.002 BTC or 0.4%.

Sellers would pay a 2% fee for payments to their Nicehash wallets. Transactions higher than 0.1 BTC sent to external wallets are charged 3% or 4%, if they’re greater than 0.01 BTC.

Also Check:

Conclusion: Which is Best Mining Company?

Both MinerGate and Nicehash are reputed cryptocurrency miners, However NiceHash has upper hand over MinerGate due to various advance features and positive customer reviews. Hope my comparison helps, In case of any query you can post your comment here. Please don’t hesitate to share your own reviews and experience here. I will help others a low!

One Comment

  1. hi
    Nicehash is better for the beginner miner it much easy to collect your earning and transfer it. If you are in USA is better stay whit miner gate.
    it so complicate to transfer funds from it and to European ewallets .
    jerryk

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