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NiceHash Launches Instant Lightning Network Payouts for Miners

source-logo  blockchainreporter.net 01 March 2024 16:46, UTC

NiceHash, a major cryptocurrency miner, announced the first instant Lightning Network payouts for miners. This advancement boosts crypto mining. Miner earnings will be faster and more efficient than ever.

NiceHash is excited to introduce the world’s first fully automated, instant #LightningNetwork payouts for all miners! From today onward, all miners can receive their mining payouts in #Bitcoin directly to an external #LightningNetwork Address!#innovation #cryptomining… pic.twitter.com/xNDkBlPDjV

— NiceHash (@NiceHashMining) March 1, 2024

NiceHash Enhances Mining Experience with Lightning Network Payouts

NiceHash was among the first to help miners withdraw Lightning Network coins in 2020. Recently released instant Lightning Network payouts have greatly improved this feature. Miners can now automatically receive payouts to an external Lightning Network Address. NiceHash’s Lightning Network payouts occur every 4 hours, eliminating delays and transaction fees. Miners don’t have to wait long to withdraw their earnings or pay unnecessary blockchain transaction fees.

This new payout system is flexible. Mining earnings can now be automatically sent to Bitcoin Lightning wallets. They get their money instantly without doing anything. Miners can also share their profits with partners, friends, and family, giving them more financial freedom than ever. Miners can send different addresses certain percentages of their earnings, giving them a lot of control over their cryptocurrency assets.

Since NiceHash added Lightning Network payouts, the cryptocurrency mining ecosystem has moved toward Lightning Network technology. Lightning Network features speed up and lower transaction costs for miners. It makes their mining operations more efficient and accessible. This shows that NiceHash is committed to using new ideas to improve mining worldwide.

Remember that NiceHash set up Lightning Network payouts without partnering with other companies. Over 1,250 open channels and 180 BTC capacity make the platform one of the world’s largest Lightning Network Nodes. Lightning Network payouts for miners are stable due to this strong infrastructure. This strengthens NiceHash’s crypto-mining leadership.

NiceHash Innovates with Lightning Address Wallet Compatibility

Miners can easily receive automated Lightning payouts with NiceHash’s Split Payment option. Miners can divide their mining profits between multiple wallets or groups, giving them more spending control. NiceHash clarifies Lightning Network payout fees, and wallets with a NiceHash node channel don’t pay fees. This ensures miners can maximize profits without transaction fees.

NiceHash Lightning Network payouts work with Lightning Address wallets for simplicity. This protocol uses email addresses to send and receive Bitcoins over the Lightning Network. This simplifies transactions for more people. NiceHash is pioneering Lightning Network cryptocurrency mining.