Nicehash is a "hashpower rental" company, not a mining pool. So when you hash to nicehash you are essentially renting your hashpower to them for an agreed amount in bitcoin per hash. It's slightly different than mining to a mining pool for a given algorithm. I would argue it's not good for the networks, nor is it good for the individuals earnings. But Nicehash is ASIC friendly and rarely has downtime issues, so they've gotten very popular.
You are viewing a single comment's thread from:
That's a very good description. I had forgotten it wasn't a pool, I will change that in the post