A nickel-based alloy for powder has the contents (in wt. %): C 0.01-0.5%, S max. 0.5%, in particular max. 0.03%, Cr 20-25%, Ni radical Mn max. 1%, Si max. 1%, Mo up to 10%, Ti 0.25-0.6%, Nb up to 5.5%, Cu up to 5%, in particular up to 0.5%, Fe up to 25%, P max. 0.03%, in particular max. 0.02%, Al 0.8-1.5%, V max. 0.6%, Zr max. 0.12%, in particular max. 0.1%, Co up to 15%, B 0.001-0.125% O >0.00001-0.1% and impurities dependent on production. The carbon to boron ratio (C/B) is between 4 and 25.