Is NiceHash the best way to mine?

NiceHash isn’t really a way to mine Ethereum at all . It is actually a marketplace for buying and selling computing power that is used for mining. Sellers can sell their computing power by running the NiceHash application, and buyers can purchase mining power to mine specific algorithms for profit.

Where NiceHash currently only pays out in BTC (again, not necessarily a bad thing), Ethereum mining pools will pay you in ETH. There are still fees to pay — most mining pools take 1–2% of the total income — but that’s less than the 7% difference in pay that you might get from NiceHash.

NiceHash allows you to earn Bitcoin when you provide idle computing power of your CPU or GPU .