On-chain data confirms only 200 Bitcoin blocks mined through NiceHash’s EasyMining service – an event that shows the rapid growth of NiceHash’s market, where high prices, Virgin Bitcoin opportunities, OTC infrastructure, and USDT stability are redefining the way operators and organizations interact.
Zug, Switzerland NiceHash, a hashrate market operating since 2014, has confirmed a milestone in its EasyMining mining operation: 200 Bitcoin blocks mined since October 2022, confirmed directly through coinbase signature data.
In total, the 200 blocks make up 1,168 BTC in total reward – 1,103 BTC from the block subsidies, and about 65 BTC from the purchase money collected throughout the period. The first confirmed resource was mined on October 20, 2022 (block length 759,475); the 200th was confirmed on July 1, 2026 (block length 956,165).
Each of the 200 blocks is verified independently on the Bitcoin blockchain – a detail that shows how NiceHash has positioned itself to a large extent: as a market built around verification, on chain results instead of advertising, whether the result is mining alone or a benchmark payment.
From EasyMining to schools
EasyMining is at the high end of the market. It gives private miners a direct, guaranteed path to full payouts without having to use their own resources. At the other end of the market, mining, investment, and real estate companies trade actively as a commodity – buying, selling, and exposure to the industry. Both groups sell in the same market, its price is what it needs and what it needs.
The variety – from single mining packages to trading centers – is part of what has created the NiceHash market over the past few years: a single place where hashrates are bought continuously, instead of being fixed in advance regardless of who is selling them.
A market built on current prices, not fixed prices
A popular model in large mining pools for a long time was FPPS – Full Payment per Unit – where miners receive a fixed amount for each unit sent, regardless of the results of the blocks or the market capitalization. It’s obvious, but that prediction becomes a ceiling when the situation changes: miners in fixed pools have no way to get additional value and can’t fluctuate if the interest rate that was heard in the past months doesn’t happen again.
NiceHash’s market model gives miners another option – controlling hashrates wherever demand and prices are strongest at any given time. This volatility reflects a major shift in the way the mining industry treats hashrate itself: becoming more of a liquid, tradable commodity rather than an unstable entity locked into a single-party relationship.
Hashrate as a financial basis
The creation of the products goes beyond buying and selling easily. NiceHash has built tools around it that closely resemble the mature commodity market.
Consumers – including publicly traded companies and individuals – get the hashrate directly on NiceHash, mining without having to own hardware, access electronic contracts, or work space themselves. For institutional buyers, this has a practical value beyond the price itself: hashrates bought in the market can cover the gap between ordering ASICs and their actual delivery, allowing the expansion of the profit window in the short term without long-term exposure, and planned or unplanned shutdowns without violating the obligation to install or coordinate the location. One of the most common uses of the platform works well as insurance – if a farm fails to commit for a long period of time, workers buy hashrates on the market to cover the gap instead of getting penalized. For individual users, the marketplace itself offers access to hashrates and mining with a low barrier to entry.
NiceHash also supports OTC arrangements, allowing miners and buyers to use higher hashrates directly, outside of the price range – a tool designed for participants who manage risk on a scale rather than a random basis. OTC and fixed market transactions can also be settled in USDT alongside BTC, giving participants additional pricing and return options.
For organizations concerned with compliance, NiceHash offers access to Virgin Bitcoin: newly mined BTC with no history. Because it has never passed through another wallet or exchange, Virgin Bitcoin does not carry an AML-focused history that often requires a review before purchasing funds. It is available directly on the market and through OTC arrangements for large volumes, and has become a suitable option for funds and institutions operating under strict regulatory and reporting requirements.
Taken together, the high prices, OTC access, and availability of Virgin Bitcoin define a market that functions less as a single mining pool and more as the stable and risky environment that the commodity market needs. The market has also recently expanded to USDT stability, giving miners and buyers the opportunity to buy and process transactions in a stable environment alongside BTC.
“Hashrate acts as a commodity, and the market is growing in this way,” said Saša Čoh, CEO of NiceHash. “What’s important about EasyMining and the size of our market tools ensures the same: we create results that can be verified on systems and infrastructures that are controlled by organizations, not just claims.”
About NiceHash
NiceHash is an international marketplace founded in 2014, located in Zug, Switzerland. The platform connects buyers and sellers of computing power for cryptocurrency mining and other related services, providing tools including OTC arrangements, Virgin Bitcoin access, and USDT settlement for individual participants.
Miners and hashrate buyers interested in NiceHash’s market tools can learn more at nicehash.com.
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Ana Kovacic
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