Cloud mining platform and hashpower market, NiceHash, has gone reside with integration of Lightning Community, a extensively adopted scaling resolution within the crypto funds area.
With over 1,800 weekly payouts, NiceHash is leveraging one of many oldest and highest-performing Lightning nodes globally, which holds 2.2% of the community’s whole capability.
NiceHash’s market facilitates the rental of mining energy, connecting miners with customers seeking to mine particular cryptocurrencies. The introduction of Lightning payouts simplifies the fee course of, upgrades infrastructure and provides a greater expertise for each miners and customers.
“A couple of weeks after introducing Lightning payouts, it’s clear that our customers are loving this function. We’re proud to be one of many high supporters of the community each when it comes to working nodes, and now when it comes to driving utilization as nicely. Lightning lends itself very nicely to creating small and common funds, and we will likely be pushing adoption much more sooner or later,” mentioned Vladimir Hozjan, CEO of NiceHash.
Since introducing Lightning mining payouts, customers have been actively participating with the function, creating over 700 Lightning addresses every week and receiving a median of 1,800 payouts weekly. Moreover, the platform reported 1,136 deposit transactions amid a rising curiosity in utilizing the Lightning community from each consumers and sellers within the market.
Since establishing its node, NiceHash has processed over 350,000 Lightning transactions and greater than 1,500 BTC in transaction quantity.
Whereas the non-public nature of the Lightning community precludes the overall transaction rely, preliminary comparisons recommend that NiceHash customers are transacting practically twice as a lot on a weekly foundation in comparison with the early figures from Kraken’s Lightning integration in 2022.
Trying forward, NiceHash plans to launch NiceHash Pay, a fee resolution for retailers to simply accept by way of the Lightning Community, drawing on its in depth operational expertise.
Based in 2014, NiceHash payments itself as the biggest hashpower market worldwide, with over 250,000 day by day energetic miners and greater than 1 million customers throughout 190 international locations. The platform acts as an middleman between sellers and consumers of hashpower.
