Skip to main content

How NiceHash is Decentralizing Crypto Mining

The program allows anyone to access hash power at any time.

The NiceHash platform has a unique way of encouraging cryptocurrency adoption: it aims to introduce newcomers to crypto by using on-demand hash power for crypto mining. NiceHash CMO Joe Downie joined Roundtable at Bitcoin Miami to explain how the platform works. 

NiceHash allows individuals to buy hash power at a small scale to mine at any time.

"You can connect up anytime and place orders, change orders and use that hash very, quickly, which means you can take a lot of advantage of when fluctuations in price," Downie explains.

Many of the users, Downie says, are gamers whose equipment is well-suited to mining. Instead of leaving their computers idle, they can leave their devices running NiceHash and earn money.

Scroll to Continue

Recommended for You

Downie notes that NiceHash has appealed to many new people who are new to crypto, as well as decentralizing the mining process.

"It's a great place to start. Maybe you haven't heard of Bitcoin before, and you get paid out in Bitcoin hours into a wallets," he says. "You're decentralizing the, the mining with basic mining. We're spreading it out to more people."

Roundtable Guests:

Joe Downie, CMO, NiceHash