How to mine with Nicehash on Cruxpool - Quick Start Guide 2020

What is Nicehash?

Cruxpool is fully compatible with NiceHash, the largest open marketplace specialized in crypto mining. If you do not want to invest in hardware in order to mine, or if you’re not sure yet, this is maybe a good starting point. Indeed, you might first want to try it out and begin with renting the computing power of other miners.

On NiceHash, buyers and sellers meet and make transactions. Biggest upside to this system, is that you don’t need any technical skills, you simply log in, make your order, enter the pool’s logs and there you go.

Below, a chart that represents the whole process.

How to mine with Nicehash

How to configure it on Cruxpool?

ADD CRUXPOOL

After registering or logging into your NiceHash account, click on Hashrate power marketplace and then on My pools. Once on the page, click on Add new pool, you will get the display below.

setup a pool nicehash

To set up Cruxpool mining pool on NiceHash, you must fill the following fields in the New pool display

Logo Ethereum

Custom pool name : 
Cruxpool Ethereum
Algorithm : 
DaggerHashimoto
Stratum Hostname or IP :
eth.cruxpool.com
Port :
25555
Username :
Your wallet address
Password :
x

Logo_Ethereum_Classic

Custom pool name : 
Cruxpool Ethereum Classic
Algorithm : 
DaggerHashimoto
Stratum Hostname or IP :
etc.cruxpool.com
Port :
27777
Username :
Your wallet address
Password :
x

Custom pool name : 
Cruxpool Beam
Algorithm : 
BeamV3
Stratum Hostname or IP :
beam.cruxpool.com
Port :
23333
Username :
Your wallet address
Password :
x

Mining Ravencoin

Custom pool name : 
Cruxpool Ravencoin
Algorithm : 
KawPow
Stratum Hostname or IP :
rvn.cruxpool.com
Port :
29999
Username :
Your wallet address
Password :
x

Once you have completed these fields, first you have to click on Test pool for assuring there is a connection between the pool and NiceHash. Then, you can save by clicking on Add pool. You’re done ! You see, it was not that difficult right ?

Let’s now move on to the creation of orders.

How do I create an order on Nicehash?

To create an order on Nicehash, go to Hashpower Marketplace. Once on the page, choose the right algorithm. For Ethereum and Ethereum Classic, select Dagger Hashimoto. For Beam, select BeamV3. Then, choose the server location (Europe, USA), as well as the type of order you want to make (Standard, Fixed).

The difference between this two types of orders is the flexibility of the price and limit for an order. It is flexible for a standard order, whereas it is fixed for a fixed order. A fixed order can only run for 24 hours whereas a standard order can run up to 10 days.

marketplace NiceHash

How to create a standard order :

Click on New order – EU or USA – on market and choose Standard order. Settings will be displayed, the following image will appear.

standard order NiceHash

Choose the pool you have previously configured, then fill in the other three options.

Price : This option sets what you want to pay in Bitcoin to get 1 TH per day.

Limit : This option allows you to set the minimum speed per second for your order.

Amount : This option sets the amount you are willing to pay for your order. This amount will determine the mining time for your order. This time cannot exceed 10 days.

How to create a fixed order :

Click on New order – EU or USA – on market and choose Fixed order. Settings will be displayed, the following image will appear.

fixed order NiceHash

Choose the pool you have previously configured, then fill in the other three options.

Price : This option sets what you want to pay in Bitcoin to get 1 TH per day. In the case of a fixed order, the value is fixed and not exchangeable.

Limit : This option allows you to set the minimum speed per second for your order.

Amount : This option sets the amount you are willing to pay for your order. This amount will determine the mining time for your order. This time cannot exceed 1 day.

After you set up your order, place the order and your cloud mining will start. You will have a dashboard on NiceHash to follow your mining but you can also go to the Cruxpool dashboard.