Niceminers is an open mining pool that allows individuals to collaborate and mine various cryptocurrencies, including popular coins like Bitcoin, Outracoin, Dogecoin, and Litecoin. By joining Niceminers, you can maximize your mining potential and earn rewards.

Joining Niceminers is easy. Simply start mining without the need for registration or complex setup processes. Choose your preferred coin, configure your mining equipment, and connect to our pool to begin mining.

No, you don't need specialized mining equipment to mine with Niceminers. Our pool supports a range of cryptocurrencies that can be mined using basic setups, including smartphones, CPUs, or GPUs. However, for certain coins, such as Bitcoin, more powerful equipment may be required for optimal results.

Mining with Niceminers offers several benefits, including increased mining efficiency through pooled resources, access to a supportive community of miners, reliable infrastructure with backup systems, and diverse coin options to mine.

Mining rewards on Niceminers vary depending on the specific cryptocurrency being mined and the mining difficulty. Typically, rewards are distributed based on the proportion of mining power contributed to the pool. The frequency of receiving rewards may vary, but you can track your mining progress through our platform.

Yes, Niceminers prioritizes the security of your mining operations. We implement stringent security measures, including advanced encryption protocols, secure connections, and robust infrastructure. Your mining activities and earnings are protected within our pool.

Yes, Niceminers supports mining multiple cryptocurrencies simultaneously. You can choose from a diverse range of mineable coins within our pool and allocate your mining power accordingly to mine different cryptocurrencies simultaneously.

Niceminers applies a small fee on mining rewards as a contribution to the maintenance and development of the mining pool infrastructure. The fee percentage varies depending on the specific coin being mined and is transparently communicated on our platform.

Absolutely! Niceminers provides comprehensive statistics and real-time monitoring tools that allow you to track your mining progress, view earnings, and analyze your mining performance. You can access this information through our user-friendly dashboard.

Pool and miner hashrates are re-calculated every ten minutes. Therefore it can take a maximum of ten minutes for your hashrate to update depending on the submission time of your first valid share. The hashrate we display at the pool is a rough approximation of your hashrate based on your submitted shares and can therefore differ significantly from the hashrate displayed locally. When in doubt always consider the value displayed by your miner as the correct one.

Assuming blocks have been found, payouts are processed and sent every hour. This process is fully automated.

You won't see any balance in your account until a block has been found by the pool and after the block has reached a mature status. This may take a couple hours, depending on the coin. As soon as a block can be considered 'mature' by the pool, your shares will be used to calculate your contribution towards finding the block. The more you've contributed, the higher your cut of the block reward will be. Your cut of the block reward will then be credited to your pending balance. If your balance reaches or exceeds the pool's minimum payout amount, the pool will transfer your entire balance to your wallet and reset your pending balance to zero.

The minimum payout for each pool is listed in its 'Stats' section under the title 'Payment Threshold'. Your 'Pending Balance' only gets paid when/if you reach the 'Payment Threshold'. 'Pending Balance' and 'Pending Shares' can't and won't be transfered/paid/sent in any way.

We are a small pool for the time being, and as such it may take some time to find a block. On larger pools you would see some balance earlier because they will find blocks faster, but you will get a smaller share of the reward than what you would in a smaller pool. Over time you will earn more or less the same amount when mining on a large pool or on a small one.

In other words, the rewards you get on average are exactly proportional to your part in the total work done by the pool. If you mine in a pool twice as large, the pool will collect twice as much rewards but your share in them will be cut by half, meaning you get the same on average.

Most of our pools use a payment system called PPLNS, which stands for "Pay Per Last N Shares." In this system, rewards are calculated based on a fixed number of shares, regardless of the size of each round. Let's break it down:

Understanding Rounds

Each round in the pool has a random number of shares based on luck. The difficulty determines the number of shares required to solve a block within a round. For example, rounds one and three require (difficulty * 2) shares, while rounds two and four are shorter and require fewer shares. Round five is a long round that requires more than (difficulty * 2) shares.

How Rewards are Calculated

• Proportional Rounds: In rounds one and three, all your shares from that round are considered for reward calculations.
• Previous Round Shares: In rounds two and four, shares from the previous rounds are also considered (marked green). So, regardless of round boundaries, we always consider the last (difficulty * 2) shares. Your share contribution is used to calculate your reward.
• Dropping Lowermost Shares: However, in a long round like round five, any lowermost shares (marked red) that are not within the last (difficulty * 2) shares are silently dropped and not considered for rewards.

Impact on Rewards

PPLNS favors loyal and consistent pool members over pool hoppers. Pool hoppers try to achieve quick wins by mining with low shares per round. If a round exceeds a certain share threshold, they hop to another proportional pool that started a new round more recently. This system benefits pool hoppers but disadvantages loyal miners who are consistently mining in the same pool. With PPLNS, pool hoppers won't have their shares considered for reward calculations in long rounds like round five because they usually mine only at the beginning of rounds. However, in short and normal rounds, pool hoppers won't lose their shares. Since shares from previous rounds by loyal miners are considered multiple times, the pool hopper won't receive the same reward as they would in a proportional reward system.

By understanding how PPLNS works, you can make informed decisions about your mining strategy and the potential rewards you can expect.

We're excited to help you list your cryptocurrency on Niceminers! Our platform offers a great opportunity for miners to join your network and contribute to its growth. To make the listing process smooth, please follow these steps:

Step 1: Access the Contact Form

You're in the right place! The contact form for listing your coin is located right below this FAQ. Just scroll down to the bottom of the page and you'll find it.

Step 2: Fill in the Details

In the contact form, provide us with the necessary information:

1. Coin Information: Tell us about your cryptocurrency's name, ticker symbol, algorithm, consensus mechanism, and any unique features.
2. Project Overview: Give a brief summary of your project's goals, vision, and significant milestones.
3. Technical Documentation: Attach technical documentation outlining your coin's operation, blockchain details, and wallet integration.

Step 3: Review and Response

Our team at Niceminers will review your submission to ensure it aligns with our platform's policies.

Step 4: Evaluation and Discussion

We'll assess your coin's technology, community engagement, and market potential. If it fits our criteria, we'll reach out to you through the contact details you provided to discuss the next steps.

Step 5: Integration and Launch

Upon agreement, our technical team at Niceminers will work with you to integrate your cryptocurrency into our mining pool. We'll collaborate closely to ensure a seamless integration.

Step 6: Announcement

Congratulations! Niceminers will announce the addition of your cryptocurrency to our mining pool. Miners in our community can then start contributing their hashpower to your network.

Step 7: Ongoing Support

We're dedicated to providing continuous support for all listed coins. Our team at Niceminers will be ready to address any queries, concerns, or technical matters that arise.

Listing your cryptocurrency on Niceminers can significantly boost its visibility and attract miners eager to support your project. We look forward to potentially collaborating with you and contributing to your coin's success!

If you have any questions or need assistance, don't hesitate to contact us. We're here to help.