Coinhive VS NiceHash

Compare Coinhive VS NiceHash and see what are their differences

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Coinhive

Coinhive offers a JavaScript miner for the Monero Blockchain that you can embed in your website.

NiceHash

Bitcoin Cloud Mining

Landing page //
2022-12-15

Landing page //
2023-09-16

Coinhive

Website: coinhive.com
$ Details: -

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NiceHash

Website: nicehash.com
$ Details
Startup details
Country: Slovenia
City: Ljubljana
Employees: 10 - 19

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Coinhive features and specs

Monetization
Coinhive allowed website owners to monetize their websites through cryptocurrency mining, providing an alternative to traditional ad revenue.
No Ads
By using Coinhive, website administrators could offer an ad-free experience to their visitors, improving user satisfaction.
Crypto Mining Integration
Coinhive provided an easy way to integrate crypto mining into websites, requiring minimal technical knowledge from webmasters.
Passive Income
For website visitors, Coinhive offered the possibility to support their favorite sites passively without making direct donations.

Possible disadvantages of Coinhive

High CPU Usage
Coinhive often caused significant increases in CPU usage for end-users, leading to slower performance and potential overheating issues.
Privacy Concerns
There were concerns about user privacy, as Coinhive mining scripts could run without explicit user consent, essentially using their resources without their knowledge.
Browser Security
Due to its nature, Coinhive scripts sometimes triggered security warnings and could be blocked by ad-blockers or antivirus software.
Public Perception
Coinhive gained a negative reputation as it was frequently associated with malware and unethical mining practices, damaging the trust and reputation of websites using it.
Legal and Ethical Issues
Without user consent, the use of Coinhive scripts could be considered illegal or unethical, leading to potential legal ramifications for website owners.

NiceHash features and specs

User-Friendly Interface
NiceHash provides an intuitive and easy-to-navigate interface, making it accessible for both beginners and experienced miners.
Instant Payouts
Miners can receive payouts quickly, allowing them to have regular access to their earnings without long waiting periods.
Multi-Algorithm Support
NiceHash supports a wide range of mining algorithms, offering versatility and the ability to switch based on profitability.
Marketplace for Hash Power
Users can buy and sell hash power, providing flexibility and a potential source of passive income.
Integrated Wallet
NiceHash includes an integrated cryptocurrency wallet, providing convenience and security for storing earned funds.
Automated Profit Switching
The platform automatically switches mining to the most profitable coin or algorithm, optimizing earnings.

Possible disadvantages of NiceHash

Service Fees
NiceHash charges a percentage of the mining earnings as a service fee, which can reduce overall profitability.
Centralization Risk
Using a centralized platform like NiceHash can pose risks associated with security breaches and potential downtime.
Exchange Rate Risk
Payouts in Bitcoin subject users to fluctuations in BTC value, potentially impacting the fiat value of their earnings.
Limited Control
Users have less control over which specific coins they are mining compared to self-managed mining setups.
Dependence on Market Conditions
Profitability is highly dependent on current market conditions, which can be volatile and affect earnings unpredictably.
Minimum Withdrawal Amounts
NiceHash enforces minimum withdrawal limits, which might delay access to funds for smaller-scale miners.

Analysis of Coinhive

Overall verdict

Overall, Coinhive was not considered a good practice due to its potential for misuse, lack of transparency with users, and the ethical concerns it raised regarding consent and resource exploitation. The service was discontinued in 2019, but during its operation, it was generally seen as controversial and problematic within the cybersecurity and web user communities.

Why this product is good

Coinhive was a service that allowed website owners to monetize their content by using visitor's CPU power for mining cryptocurrency, specifically Monero. While this might seem like an innovative way to generate revenue without ads, it raised significant ethical and technical concerns. Many websites implemented Coinhive without informing users, leading to unauthorized use of computing resources, increased power consumption, and degraded device performance. Furthermore, it quickly became a tool for malicious actors who inserted the script into compromised websites or distributed it through malware, effectively hijacking users' computing power without consent.

Recommended for

Given its history and the ethical concerns associated with its use, Coinhive—or similar mining scripts—would not be recommended for legitimate websites seeking monetization methods. It's crucial for website owners to seek transparent and ethical monetization strategies, ensuring users are informed and consent to any use of their resources.

Analysis of NiceHash

Overall verdict

NiceHash can be a good option for beginners in cryptocurrency mining due to its simplicity and versatility. However, users should be aware of potential downsides such as fluctuating profitability, and should research current market conditions and recent reviews as past security incidents may impact trust levels.

Why this product is good

NiceHash is a cryptocurrency platform that offers a marketplace for mining services where users can rent or offer hash power. It is known for its user-friendly interface, ease of use, and a wide variety of supported coins. It allows users to start mining without needing in-depth technical knowledge or significant hardware investments.

Recommended for

Beginners in cryptocurrency mining, users who want to start mining without significant hardware investment, and those who prefer a simple and accessible platform for mining different cryptocurrencies.

Coinhive videos

+ Add

Mining Dengan Webiste Coinhive Review 1JT PERHARI! [Indonesia]

NiceHash videos

+ Add

NiceHash Review 2020 | Buy and Sell Mining Hashpower | Hack | 51% Attacks

Category Popularity

0-100% (relative to Coinhive and NiceHash)

Coinhive

NiceHash

Cryptocurrencies

24 24%

Cryptocurrencies

76% 76

Bitcoin

26 26%

Bitcoin

74% 74

Business & Commerce

100 100%

Business & Commerce

0% 0

Mining

16 16%

Mining

84% 84

User comments

Share your experience with using Coinhive and NiceHash. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare Coinhive and NiceHash

Coinhive Reviews

We have no reviews of Coinhive yet.
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NiceHash Reviews

Top 10 NiceHash Alternatives In 2020

Hash Auger is another good multi-algorithm NiceHash miner alternative designed for Windows rigs with Nvidia GPUs. It allows users to set algorithm-specific overclocking and miner settings per GPU. Unlike other algorithm switching NiceHash alternatives, this mining software is written in a high-performance programming language that is much more robust than PowerShell. It...

Source: cryptominertips.com

Best NiceHash Alternatives | 2020 Guide

Even though NiceHash proved that the team behind the project is composed of true professionals, and mining operations were quickly relaunched after various internal investigations, there are some out there that have lost faith in NiceHash.

Source: coindoo.com

Top 4 Best User Friendly Alternatives To NiceHash (Updated 2019)

MinerGate’s advantage over NiceHash is you don’t store your coins on the platform. Mined cryptocurrencies are paid directly into your wallets when minimum payouts are reached. So the fear of losing a considerable chunk of bitcoins if the mining company goes down is out of the way. Minergate vs Nicehash? The Nicehash platform is way more profitable than the Minergate one, but...

Source: usethebitcoin.com

Social recommendations and mentions

Based on our record, NiceHash seems to be more popular. It has been mentiond 82 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Coinhive mentions (0)

We have not tracked any mentions of Coinhive yet. Tracking of Coinhive recommendations started around Mar 2021.

NiceHash mentions (82)

Scam ?
You have to research ....don't send them any more money. Why would you need to put in $20? You've only lost $10 so keep it at that. You're better off using nicehash.com . They are legit. You don't have to spend anything. Source: over 1 year ago
Can someone please explain how exchange rates work?
Buy BTC on Strike (ZERO fees only a market spread) send to Nicehash (only need email for acct- helps opsec). They have coinswap for a .04% fee (coinswap on nicehash has to be used w/ VPN for England/other non US country), change BTC to desired Monero and send to final wallet. Doesnt take as long as it sounds, and saves on fees as nicehash has no deposit or transfer fee. Only the small coinswap one. Source: about 2 years ago
Nicehash website doesn't open error 403
Hmm well I got in just fine, and when I click on your link, it takes me to: https://nicehahs.com/ and I get the same error as you. But if I got to nicehash.com, I can log in just fine. Source: over 2 years ago
MY ISP Blocking NICEHASH.COM Website !
Anyone else getting this issue, its been like 2 days, I cannot login to nicehash.com. Source: over 2 years ago
nicehash.com website log in/sign in issue PC only solved...
I couldn't login to the nicehash.com website on my pc for a while now, nicex.com did work. Logging in on Android worked as did mining on my pc. Contacting support didn't work...no response other than the canned one. Source: over 2 years ago