HomeCryptocurrencyNiceHash now uses Lightning Network for Bitcoin payments, making transactions faster and...

NiceHash now uses Lightning Network for Bitcoin payments, making transactions faster and more efficient.

Revolutionizing the Crypto Mining Industry with Lightning Network Integration

Enhancing Payment Processes with Lightning Network

Cloud mining platform and hashpower marketplace, NiceHash, has recently integrated the Lightning Network, a popular scaling solution in the crypto payments sector. This move aims to streamline the payment process and offer a superior experience for both miners and users. NiceHash, known for facilitating the rental of mining power, is now leveraging one of the leading Lightning nodes globally, holding 2.2% of the network’s total capacity and providing over 1,800 weekly payouts.

Driving Adoption and Usage of Lightning Network

Since the introduction of Lightning payouts, NiceHash has witnessed a positive response from users, with over 700 Lightning addresses created weekly and an average of 1,800 payouts processed. The platform also reported 1,136 deposit transactions, indicating a growing interest in utilizing the Lightning network among marketplace participants. With over 350,000 Lightning transactions and 1,500 BTC in transaction volume, NiceHash is at the forefront of supporting and driving adoption of the Lightning Network.

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Future Innovations and Expansion

NiceHash has ambitious plans for the future, including the launch of NiceHash Pay, a payment solution for merchants to accept payments via the Lightning Network. With its extensive operational experience, NiceHash aims to continue revolutionizing the crypto mining industry and providing innovative solutions to its global user base.

About NiceHash

Founded in 2014, NiceHash is the largest hashpower marketplace worldwide, connecting over 250,000 daily active miners with more than 1 million users across 190 countries. Serving as an intermediary between sellers and buyers of hashpower, NiceHash continues to lead the way in the crypto mining sector with its cutting-edge technologies and commitment to enhancing user experience.

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