Change Mining Coin Nicehash

NiceHash is a leading hashing power marketplace that connects buyers and sellers of hash power. For miners, knowing how to change the mining coin or algorithm is essential for adapting to market profitability shifts or hardware capabilities. Whether you use NiceHash Miner or a third-party solution, the process is designed to be flexible and user-friendly.

Switching Coins Using NiceHash Miner (NHM)

NiceHash Miner automatically selects the most profitable algorithm for your hardware. If you want to change the focus of your mining, adjust the enabled algorithm plugins. Open NHM and navigate to the Plugins or Benchmark section. Here, you can enable or disable specific algorithms. For example, if you want to avoid mining Ethash and switch to KawPow, simply check or uncheck the corresponding plugins. NHM will then only run the enabled algorithms, effectively changing the coins your rig is working on. You can also use 'Manual' mode in the Miner tab to lock your rig to a specific algorithm.

Changing Coins with Third-Party Miners

Many advanced users prefer to run their own mining software, such as T-Rex, lolMiner, or NBMiner, pointing directly to NiceHash’s stratum servers. This method gives you complete control over which coin you mine. To switch coins, you edit your miner’s startup script (`.bat` or `.sh`). The core command includes the algorithm and the server port.

For instance, to switch from mining Ethereum Classic (Ethash) to Ravencoin (KawPow):

t-rex.exe -a kawpow -o stratum+tcp://kawpow.usa-west.nicehash.com:7203 -u YOUR_BTC_ADDRESS.WORKER_NAME -p x

Simply change the `-a` parameter (e.g., `autolykos2`, `etchash`, `octopus`) and the corresponding stratum port. Ensure your GPU or ASIC hardware is efficient for the new algorithm to maintain stable profitability.

Understanding NiceHash Payouts

It is important to remember that regardless of the algorithm or coin you are mining, NiceHash pays out in Bitcoin (BTC). Your balance is always denominated in BTC. If you are interested in accumulating a specific altcoin like Dogecoin or Ripple, you should either use NiceHash’s instant conversion feature via Coinbase, or withdraw your BTC to an external exchange to swap for your preferred cryptocurrency. The act of "changing the mining coin" on NiceHash directly influences the algorithm your hardware runs, but your earnings will always be settled in Bitcoin.

Conclusion

Changing your mining coin on NiceHash is a simple configuration task. Whether you rely on NHM’s automatic algorithm switching or take direct control with a third-party miner, the flexibility allows you to optimize for market conditions. Always monitor your rig’s hashrate, power draw, and temperatures after making a switch to ensure stable and efficient operation.