On-chain data confirms that 200 individual Bitcoin blocks have been mined through NiceHash’s EasyMining service – a milestone that reflects the broader growth of NiceHash’s retail market, where direct pricing, access to Virgin Bitcoin, over-the-counter infrastructure, and USDT settlement are reshaping how miners and institutions transact.
Zug, Switzerland – NiceHash, a retail marketplace that has been operating since 2014, has confirmed a milestone for its EasyMining single-mining service: 200 Bitcoin blocks have been mined since October 2022, verified directly by on-chain coinbase signature data.
Together, these 200 blocks represent 1,168 BTC in total rewards – 1,103 BTC in block subsidies, and approximately 65 BTC in transaction fees accumulated during the period. The first confirmed block was mined on October 20, 2022 (block height 759,475); The number 200 was confirmed on July 1, 2026 (block height 956165).
Each of the 200 blocks can be independently verified on the Bitcoin blockchain – a detail that reflects how NiceHash has positioned itself more broadly: as a marketplace built on verifiable on-chain results rather than marketing claims, whether that result is a single mining result or a payment rate benchmark.
From EasyMining to enterprise scale
EasyMining is at one end of a much larger market. It gives individual miners a direct, verifiable path to the full block reward without running large-scale infrastructure themselves. At the other end of the same market, publicly traded mining companies, funds and Treasuries treat hashing as a commodity – buying, selling and hedging exposure on an industrial scale. Both sides ultimately deal in the same underlying market, and are priced with the same direct bid and ask.
This range — from a single miner’s package to institutional-level takeover — is part of what has shaped the NiceHash market model over the past several years: a single place where the hash rate is priced on an ongoing basis, rather than set in advance regardless of who is doing the transactions.
A market built on direct prices, not fixed prices
The prevailing model across major mining pools has long been FPPS – full payment per share – where miners receive a fixed price for each share offered, regardless of block results or broader market conditions. It’s predictable, but predictability becomes a ceiling once conditions change: miners in fixed-rate pools have no mechanism to capture additional value and no flexibility to move when a price that made sense months ago no longer exists.
NiceHash’s market model gives miners a different option – directing the hash rate to where demand and prices are strongest at any given moment. This dynamic reflects a broader shift in how the mining industry treats hashes themselves: increasingly as a liquid, tradable commodity rather than a fixed input tied into a single pool relationship.
Hashrate as a financial infrastructure
This framework for commodities extends beyond simply 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 as well as individuals — earn the hash rate directly on NiceHash, receiving mining output without owning hardware, securing power contracts, or operating the facilities themselves. For enterprise buyers, this holds practical operational value beyond cost alone: retail purchased in the spot market can bridge the gap between ASIC chip ordering and actual deployment, allow expansion within a short-term profitability window without long-term hardware exposure, and cover planned or unplanned utility outages without violating hosting or colocation uptime commitments. One of the most common institutional use cases on the platform effectively acts as insurance – when a farm is unable to meet a contractual uptime commitment, operators buy the hashrate on the spot market to cover the gap rather than absorb the penalty. For individual users, this same market provides access to hashrate and mining with a low barrier to entry.
NiceHash also supports OTC arrangements, allowing miners and buyers to transact larger amounts of hash directly, outside of the standard direct pricing flow – a tool intended to manage risk for participants at scale rather than opportunistically. OTC and standard market transactions can also be settled in USDT alongside Bitcoin, giving participants an additional option for pricing and settlement.
For compliance-sensitive institutions, NiceHash provides access to Virgin Bitcoin: freshly mined BTC with no previous transaction history. Because it has never passed through another wallet or exchange, Virgin Bitcoin carries none of the transaction history that issuer- and anti-money laundering-focused institutions typically need to review before acquiring a coin. It is available directly through the market and through OTC arrangements in larger quantities, and has become a suitable option for funds and institutions that operate under strict source and reporting requirements.
Taken together, direct pricing, OTC access, and Virgin Bitcoin availability describe a market that operates less like a single mining pool and more like the settlement layer and risk infrastructure required by a mature commodities market. The market has also recently expanded to 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 is increasingly treating it that way,” said Sasha Oh, CEO of NiceHash. “EasyMining’s achievement and the growth of our marketplace tools indicate the same thing: we are building verifiable on-chain results and infrastructure that holds up under real institutional scrutiny, not just claims.”
About Nice Hash
NiceHash is a global retail 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, access to Virgin Bitcoin, and USDT settlement for both institutional and retail participants.
Miners and retail buyers interested in NiceHash Market Tools can learn more at Nicehash.com.
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Anna Kovacic
Marketing Coordinator
