NiceHash, the bridge to simple mining in FluxCore

Flux is partnering with NiceHash to bring a simple and profitable mining solution to FluxCore. By building bridges with other market leaders in the blockchain space, Flux continues to add value to the ‘proof of useful work’ ecosystem and is now a step closer to realizing the potential of the world's greatest decentralized network and marketplace for computational resources.

Flux is getting ready to launch one of the world's most comprehensive platforms and marketplaces for computational resources. The concept is ‘Proof of Useful Work’ (PoUW).

This is an innovative way to tap into the massive amount of idle compute resources in the wild and use them to solve computational tasks, all while incentivizing both the demand and the supply side of the transaction.

FluxEdge is the solution to some genuine problems. Artificial intelligence (AI) and machine learning (ML) are moving forward at breakneck speeds, but their development needs to be improved by a global shortage of computational resources. This is quite a paradox, as the world has more than enough CPUs and GPUs for everyone.

The current computational resource supply must be more utilized by sitting idle in centralized data centers or private homes. Power is wasted as hardware is idling, a less-than-optimal situation for the people desperately needing it to solve real problems and for the environment as carbon is released into the atmosphere with no benefits to counterbalance it.

Flux solves this problem by leveraging blockchain technology and decentralization to create a powerful and global virtual data center where anyone can add their CPU and GPU hardware to potentially the world’s largest pool of computational resources.

People will supply the network with their CPU and GPU resources by using the FluxCore application, which caters to both novice and advanced users by providing a simple interface that allows for quick and simple setup as well as deep customization. Hardware will never idle in FluxCore, as users can participate in blockchain mining while waiting for PoUW jobs and move seamlessly between both.

Anyone in the market for computational resources can submit jobs to the network through the FluxEdge marketplace. The marketplace offers easy access to computational resources for a multitude of industry-standard software in artificial intelligence (AI), machine learning (ML), rendering, game streaming, and more.

FluxEdge will ensure the most efficient, flexible, and scalable utilization of existing resources and remedy wastefulness in an industry with much power. It is both a driver for more efficient technological development, a reduced carbon footprint, and a more sustainable tech industry. It will also democratize the market by giving anyone access to massive computational resources at lower prices with a lower entry barrier. No centralized actor can price out or exclude developers, scientists, or businesses that lack deep pockets or influence with centralized providers.

Flux is building something world-changing, a disruptive platform that pushes the boundaries of what technology can do. This feat will be impossible to achieve alone. To succeed, Flux needs to build bridges with like-minded partners and other visionaries in the technology space.

Therefore, Flux is thrilled to announce a partnership with the great team at NiceHash.

Nicehash, simplicity, and profitability for FluxCore users

NiceHash is the world’s leading hash rate marketplace and one of the most recognized names in the blockchain industry. Most will know it as one of the simplest ways to get into blockchain mining.

Flux will integrate NiceHash's world-renowned software into FluxCore and build a bridge into its industry-leading marketplace for computational hash. Novice and experienced miners alike will benefit from NiceHash's simplicity and profit-switching mechanism. With NiceHash, miners get great mining profitability and payouts in Bitcoin.

The iconic ‘play’ button from NiceHash will be available in FluxCore. This will make the application easier for novice miners to get started. It will also help onboard more users onto FluxCore and grow both the Flux and NiceHash user bases.

Marko Tarman, the Lead Mining Manager at NiceHash, welcomes the partnership with these words:

“Our partnership with Flux underscores the dynamic shift in cryptocurrency and computing, reflecting the increasing public engagement with these technologies. NiceHash is excited to enhance the Flux platform with unparalleled computing access for everyone. We’re impressed by the Flux team’s ingenuity and look forward to their upcoming innovations.”

On the Flux team, we’re also very excited about working with the great team at NiceHash and the benefits it brings to the entire mining community.

The Flux chief business officer Davy Wittock states:

‘To create true innovation, I believe in collaboration instead of competition. NiceHash has already built an easy-to-use solution for simple and accessible mining, so why try to compete when we can both benefit by bridging our networks? By building together, we will get there faster, and we’re now a step closer to realizing the vision of Flux proof of useful work.’

NiceHash will be integrated with FluxCore in one of the coming releases. Visit the FluxCore website to download the application and join the thousands of users currently getting an early start on the new GPU and CPU mining generation. The application is available for Windows and Linux and supports most current GPUs and CPUs.

FluxCore is in beta, and the FluxEdge marketplace alpha is set to launch on March 29th, 2024.

Want to know more?

Flux has much more planned for this year, so check out our 2024 roadmap.

We also have more exciting partnerships to announce soon, so stay updated by following Flux on X @RunOnFlux for news and announcements.

You can also visit the official Flux website hosted on the Flux decentralized network. Learn about the ecosystem and see what Flux has to offer. Check out the Flux products to see how you can leverage cost-effective decentralized infrastructure.

Finally, you can meet the Flux community on the Flux Discord. On Discord, you can also meet the Flux team and discuss all things Flux. We’re always on the lookout for new community members, developers, or potential partners.