Xelite Pulse | Xelis Now Supported on NiceHash: Unlock New Mining Opportunities (Episode 11)

5 min read12 hours ago

Xelis, the cutting-edge Layer 1 blockDAG project, has taken another significant step forward in expanding its reach and accessibility. It is now officially supported on NiceHash, one of the most popular and trusted platforms for cryptocurrency mining. This integration allows miners to utilize NiceHash Miner to directly mine Xelis using NVIDIA and AMD GPUs, connect directly to NiceHash stratum pools with other miners, and even rent XelisHashV2 hashrate to maximize their mining rewards.

This partnership not only lowers the entry barriers for GPU miners but also further decentralizes and strengthens the Xelis network by engaging a broader pool of miners and enthusiasts.

What is Xelis?

Xelis is a blockchain project designed to tackle some of the core challenges faced by traditional blockchain systems — scalability, efficiency, and true decentralization. Built from the ground up as a Layer 1 blockchain, Xelis introduces innovative solutions that empower developers, miners, and users alike.

Key Features of Xelis:

Unique Consensus Algorithm: Xelis uses a custom Proof-of-Work algorithm called XelisHashV2. This algorithm is optimized for GPU & CPU mining, making it accessible to a wide range of users while remaining secure against centralization that comes with FPGA & ASICs.
Scalable Architecture: Designed to handle high transaction throughput with its BlockDAG structure, Xelis ensures that the network remains efficient even as adoption grows.
Developer-Friendly: Xelis provides tools and frameworks that enable developers to build dApps on a decentralized platform, promoting an ecosystem of innovation.
Decentralized and Secure: By incentivizing a broad base of miners, Xelis prioritizes network security and decentralization.
Privacy where it matters: Xelis utilizes Homomorphic Encryption on users wallet balances and transferred amounts. This level of privacy gives users and businesses the confidentiality needed, while still allowing addresses and inflows/outflows to remain public and searchable on the public blockchain explorer.

The project aims to create a high-performance blockchain ecosystem where miners, developers, and users work together to drive innovation and utility. The addition of NiceHash as a mining option is a major step toward achieving this vision.

What is NiceHash?

Founded in 2014, NiceHash is a globally recognized cryptocurrency mining platform that serves as a marketplace for hashing power. It bridges the gap between buyers and sellers of computational resources, offering a versatile suite of tools for mining and renting hash power.

Key Features of NiceHash:

Mining Marketplace: NiceHash enables users to sell or rent hashing power for a variety of cryptocurrencies, providing flexibility for both casual miners and large-scale operators.
User-Friendly Miner: NiceHash Miner is known for its ease of use, allowing miners to optimize their GPUs with minimal technical expertise.
Algorithm Support: With support for a wide range of algorithms, NiceHash caters to a diverse array of projects, now including XelisHashV2.
Stratum Pools: NiceHash’s stratum pools ensure efficient and reliable mining operations with low latency and high uptime. They are commonly the best paying stratum pools in the mining industry. NiceHash has one specific advantage compared to other pools, as they are a marketplace of orders (pools), and shift miners from order to order, so they are always mining on the best-paying order.

NiceHash has built a strong reputation in the crypto community for its simplicity, reliability, and robust mining ecosystem, making it an ideal partner for a forward-thinking project like Xelis.

Xelis Meets NiceHash: What This Means for Miners

The integration of Xelis into NiceHash’s platform introduces several new possibilities for miners and crypto enthusiasts:

1. GPU Mining for Everyone

NiceHash Miner simplifies the process of mining Xelis. With support for both NVIDIA and AMD GPUs, users can easily configure their hardware to start mining XelisHashV2 without the need for downloading third-party mining software which utilize complex setup procedures. This opens the door to a larger audience of miners who may have previously found mining Xelis too technical or challenging.

2. Direct Stratum Pool Mining

NiceHash allows miners (such as Rigel, OZM, and SRB) to connect directly to its stratum pools for Xelis mining. Stratum pools are optimized for high performance, reducing latency and ensuring steady mining operations. This not only increases efficiency but also maximizes rewards for miners.

3. Hashrate Rental for Power Users

For those who want to scale up their mining operations or quickly accumulate Xelis, NiceHash’s hashrate rental service is a game-changer. By renting XelisHashV2 hashrate, miners can tap into additional computational power and mine Xelis at a significantly higher rate.

Why This Integration Matters

The inclusion of Xelis on NiceHash is a testament to the project’s growing recognition and adoption within the cryptocurrency ecosystem. Here’s why this is a big deal:

1. Accessibility for New Miners

By leveraging NiceHash’s beginner-friendly tools, Xelis lowers the barrier to entry for miners. This accessibility invites more participants to contribute to the network’s security and decentralization.

2. Enhanced Decentralization

The broader availability of mining options strengthens the Xelis network by distributing mining power among a wider group of participants. This is critical for maintaining a truly decentralized blockchain.

3. Boosted Awareness and Adoption

NiceHash’s extensive user base introduces Xelis to a global audience of miners, investors, and blockchain enthusiasts. Increased awareness could lead to greater adoption of Xelis as both a platform and a cryptocurrency.

Getting Started with Xelis Mining on NiceHash

Here are a few ways you can start mining Xelis using NiceHash:

Download NiceHash Miner
Install the NiceHash Miner software, which is compatible with both NVIDIA and AMD GPUs.
Connect to a Stratum Pool
Configure your existing miner (Rigel, OZM, and SRB) to connect to the NiceHash stratum pool for Xelis mining.
Mine or Rent Hashrate
Begin mining Xelis directly or rent additional XelisHashV2 hashrate to amplify your mining operations.

For detailed instructions, visit NiceHash Support.

A Bright Future for Xelis Mining

This partnership with NiceHash marks a significant step forward for the Xelis project. By providing a seamless and efficient mining experience, Xelis continues to solidify its reputation as a blockchain designed for scalability, decentralization, and accessibility.

With tools like NiceHash making it easier than ever to mine Xelis, there’s no better time to join the network and contribute to its growth. Whether you’re a seasoned miner or just getting started, Xelis and NiceHash offer the perfect platform to participate in the future of blockchain innovation.

Learn More:

Happy Mining! 🚀

Thank you for reading this article on Xelis! If you enjoyed the content and found it useful, please consider supporting my work with a tip in Xelis $XEL. Your contribution helps us keep producing quality content like this, and we genuinely appreciate your support!

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Important Links:

Xelis VM Playground: https://playground.xelis.io

Xelis LinkTree: https://linktr.ee/xelis

Website: https://xelis.io

Documentation: https://docs.xelis.io

Whitepaper: https://whitepaper.xelis.io/

Github: https://github.com/xelis-project/

Telegram: https://t.me/xelis_io

Discord: https://discord.gg/xelis