Nicehash Mining Service was hacked and lose $60 million

December 6, 2017 | By | 3 Replies More

Nicehash Mining Service was hacked and lose $60 million – losses of more than $60 million! All the funds were transferred from the internal NiсeHash bitcoin addresses to one anonymous. Due to a security failure with the site of NiсeHash, all operations were stopped for 24 hours, cause funds from the purses were stolen.

Nicehash Mining Service was hacked and lose $60 millionNiceHash Mining Service was hacked and lose $60 million

  • After this incident it is not clear how one affects other cloud mining companies
  • Mostly all cryptocurrencies is made by users who unite their efforts with the help of mining pool
  • But NiceHash it is not mining pool – it is service which allows owners of equipment to hand over their power to customers. Sellers like it, cause they don’t need to spend time for looking most profitable coins and buyers are happy to get hash power with appropriate contract prices.
  • Customers trust the NiceHash to get % of each block in the proportion to the amount of power ones was provided.
  • Mostly all mining pools are located in China: AntPool, BW Pool, F2Pool, BTCC, etc. Also there are some private mining pools, for example, BitFury – it is significant player in the niche.

Nicehashis going to resume work. To be continue…

Official website: https://www.nicehash.com/?lang=en

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Category: News

Comments (3)

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  1. Timmy731 says:

    Sooner or later every cloud mining service or crypto-trading platform is to be hacked (( it’s just a matter of time. Some years ago I invested lot of money to Hashie.com It worked well but two months later it had been hacked and I said good-bye to my investments. Thanks God Hashie was supported by famous investment service so I could sell or exchange my stolen hashing power to BTC. So I’d like to know what the guarantees can modern cloud mining companies offer their clients to prevent losing money in the case of hacking?

  2. John says:

    Do you think they were seriously hacked? Many companies use this excuse not to pay money to people who use their system. Although if earlier payments were permanent, it is possible that the company was really subject to sabotage.I hope that the developers will be able to solve their problems and in the future still continue their work and pay all the money to its users.

  3. George says:

    For my friends NiceHash cloud mining was like the most honest cloud mining site, I think this is not true. Hackers have stolen very big amount of money and you know what? They are now offer people “Compensation Program”! With each your withdrawal they will only compensate around 10% of your stolen money! This is ridiculous. I don’t think I will trust a site where your security is not the main thing. Plus they have a pretty big commission on external wallets. For me projects like “hashflare” are better.

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Comments (3)

Trackback URL | Comments RSS Feed

  1. Timmy731 says:

    Sooner or later every cloud mining service or crypto-trading platform is to be hacked (( it’s just a matter of time. Some years ago I invested lot of money to Hashie.com It worked well but two months later it had been hacked and I said good-bye to my investments. Thanks God Hashie was supported by famous investment service so I could sell or exchange my stolen hashing power to BTC. So I’d like to know what the guarantees can modern cloud mining companies offer their clients to prevent losing money in the case of hacking?

  2. John says:

    Do you think they were seriously hacked? Many companies use this excuse not to pay money to people who use their system. Although if earlier payments were permanent, it is possible that the company was really subject to sabotage.I hope that the developers will be able to solve their problems and in the future still continue their work and pay all the money to its users.

  3. George says:

    For my friends NiceHash cloud mining was like the most honest cloud mining site, I think this is not true. Hackers have stolen very big amount of money and you know what? They are now offer people “Compensation Program”! With each your withdrawal they will only compensate around 10% of your stolen money! This is ridiculous. I don’t think I will trust a site where your security is not the main thing. Plus they have a pretty big commission on external wallets. For me projects like “hashflare” are better.

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