NiceHash hits 200 solo BTC blocks, grows hashrate marketplace

Zug, Switzerland – NiceHash, the hashrate marketplace operating since 2014, has confirmed a milestone in its EasyMining solo mining service: 200 Bitcoin blocks mined since October 2022, verified directly through on-chain coinbase signature data.

Combined, those 200 blocks account for 1,168 BTC in total rewards - 1,103 BTC from block subsidies, and approximately 65 BTC from transaction fees accumulated across the period. The first confirmed block was mined on October 20, 2022 (block height 759,475); the 200th was confirmed on July 1, 2026 (block height 956,165).

Every one of the 200 blocks is independently verifiable on the Bitcoin blockchain - a detail that reflects how NiceHash has positioned itself more broadly: as a marketplace built around verifiable, on-chain outcomes rather than marketing claims, whether that outcome is a solo mining result or a payrate benchmark.

From EasyMining to institutional scale

EasyMining sits at one end of a much larger marketplace. It gives individual miners a direct, verifiable path to a full block reward without operating pool-scale infrastructure themselves. At the other end of the same marketplace, publicly traded mining companies, funds, and treasuries transact in hashrate as a commodity - buying, selling, and hedging exposure at an industrial scale. Both sides ultimately transact on the same underlying market, priced by the same live supply and demand.

That range - from a single miner's package to institutional-scale acquisition - is part of what has shaped NiceHash's marketplace model over the past several years: a single venue where hashrate is priced continuously, rather than fixed in advance regardless of who is transacting.

A marketplace built on live pricing, not fixed rates

The dominant model across major mining pools has long been FPPS - Full Pay Per Share - where miners receive a fixed rate per share submitted, regardless of block outcomes or broader market conditions. It is predictable, but that predictability becomes a ceiling once conditions shift: miners on fixed-rate pools have no mechanism to capture additional value and no flexibility to move when a rate that made sense months earlier no longer does.

NiceHash's marketplace model gives miners a different option - routing hashrate to wherever demand and pricing are strongest at any given moment. That dynamic reflects a broader shift in how the mining industry treats hashrate itself: increasingly as a liquid, tradable commodity rather than a fixed input locked into a single-pool relationship.

Hashrate as financial infrastructure

That commodity framing extends beyond simple buying and selling. NiceHash has built a set of tools around it that increasingly resemble the infrastructure of a mature commodity market.

Buyers - including publicly traded companies alongside individuals - acquire hashrate directly on NiceHash, gaining mining output without owning hardware, securing power contracts, or operating facilities themselves. For institutional buyers, this carries practical operational value beyond cost alone: hashrate purchased on the spot market can bridge the gap between ordering ASICs and their actual deployment, allow scaling during a short-term profitability window without long-term hardware exposure, and cover planned or unplanned facility outages without breaching hosting or co-location uptime obligations. One of the more common institutional use cases on the platform functions effectively as insurance - when a farm falls short of a contractual uptime commitment, operators buy hashrate on the spot market to cover the gap rather than absorb the penalty. For individual users, that same marketplace provides access to hashrate and mining with a low barrier to entry.

NiceHash also supports OTC arrangements, allowing miners and buyers to transact larger volumes of hashrate directly, outside the standard live-pricing flow - a tool aimed at participants managing risk at scale rather than transacting opportunistically. Both OTC and standard marketplace transactions can also be settled in USDT alongside BTC, giving participants an additional option for pricing and settlement.

For compliance-sensitive institutions, NiceHash offers access to Virgin Bitcoin: freshly mined BTC with no prior transaction history. Because it has never passed through another wallet or exchange, Virgin Bitcoin carries none of the transaction history that provenance- and AML-focused institutions typically need to review before acquiring a coin. It is available directly through the marketplace and via OTC arrangements for larger volumes, and has become a relevant option for funds and institutions operating under strict provenance and reporting requirements.

Taken together, live pricing, OTC access, and Virgin Bitcoin availability describe a marketplace that functions less like a single mining pool and more like the settlement and risk infrastructure layer a mature commodity market requires. The marketplace has also recently extended into USDT settlement, giving miners and buyers the option to price and settle transactions in a stable unit alongside BTC.

"Hashrate behaves like a commodity, and the market increasingly treats it that way," said Saša Čoh, CEO of NiceHash. "The EasyMining milestone and the growth of our marketplace tools point to the same thing: we build for outcomes that can be verified on-chain and infrastructure that holds up under real institutional scrutiny, not just claims."

About NiceHash

NiceHash is a global hashrate marketplace founded in 2014, headquartered in Zug, Switzerland. The platform connects buyers and sellers of computing power for cryptocurrency mining and related services, offering tools including OTC arrangements, Virgin Bitcoin access, and USDT settlement for institutional and individual participants alike. 

Miners and hashrate buyers interested in NiceHash's marketplace tools can learn more at nicehash.com.

Media contact

Ana Kovacic

Marketing Coordinator

ana.kovacic@nicehash.com