For those of us who were on the platform when it was hacked, you as well as myself go way back with this " Entity."
All of the charades that they rolled out with respect to having to mine more coins to then qualify to get paid back a portion of the hacked coins did not sit well with me.
In the recent past, I installed the lastest version of their software after a term of not using the pool for some months.
The Performance was surprisingly GOOD on Intel i5-7600k systems running Sapphire RX-570 cards. I mean real good.....
Shortly thereafter, Nicehash ramped up security requirements for withdrawal of mined coins to ridiculous degrees.
They also suggested that you could use a " Yubico " key for 2fa if desired and then offered absolutely no instructions on how to set the key up.
When I inquired at Yubico about " Setup instructions " I was told that Nicehash was not listed with their service. Later on I got a link from Nicehash to a Yubico software and a setup guide. Something that " Yubico " themselves did not even mention was necessary in making use of their product when I spoke to them. Can it get any more Cryptic or stupid?
Like anyone is just supposed to automatically know how to use one of these things [Yubikey] WITHOUT the required software or setup instructions. Forget about Yubikey is what I then did.
Nicehash then proceeds to attempt to tell me that the State Drivers License I have provided to them for authentication is " with problems."
At this point I had had just about enough and informed Nicehash that NO THERE IS NOT ANYTHING WRONG with my state issued drivers license and that attempting to say such when it can be proven to be otherwise constitutes fraud.
I have to wonder just how many lost coins are " confiscated " under various types of manufactured pretext and fine print clauses in the crypto realm.
All the while my account is locked and I am unable to withdraw mined coins to a more sane and secure wallet such as Exodus.
Way back in their history, Nicehash made changes which attempted to have people use the nicehash wallet instead of mining to an external wallet. Now their language has gotten even more confusing as they have sort of reversed that position in now stating that essentially you should not keep any quantity of mined coins on the exchange wallet for any length of time because its just too much of a rick. Interesting the double speak. Everyone involved should read these pages. Whats not said is eben more important that what is said when your coins cannot be gotten out, possibly ever. What happens then to those coins I ask you?
https://www.nicehash.com/termshttps://www.nicehash.com/support/general-help/security/user-withdrawals-temporary-lockedhttps://www.nicehash.com/support/general-help/account/how-to-delete-a-nicehash-accountAfter I had been locked out of my account with about $ USD 45.00 in BTC mined up, I stopped using the pool. The obvious threat being that Nicehash, under the pretense of security was not allowing ME to withdraw my OWN coins that had been mined. The implication being that I might never get them based on all the collective nonsense they were sending me as regards their security page and something they refer to as
KYC, which is a fancy term for TOTAL SUBJECTIVITY and GROSS INCOMPETENCE.
Make no mistake this KYC thing is dangerous because the " Entities " running it have not the slightest qualification or clue as to what is a genuine document and who is a genuine person. Real Intelligence Agencies can make quick work of such things and in a reliable fashion.
The idea that is most dangerous about this " Trend " we are seeing is that some idiot on the other end of an internet connection has been given the power to say arbitrarily that you ID documents are somehow magically " Invalid."
This is of course total BS.
I cna tell you I have experienced this KYC thing a least 2 more times in relation to Cryto Exchanges that were nto worth the waste of time, and the process can go absolutely nowhere fast, and it simply feels dead wrong when its gone into. People need to stop and think about this one key point at length when someone tells you there is a problem with your ID DOCs which there is not. I am speaking about perfect photo images of said documents that can be read and referenced by the numbers with no difficilty. The fact that this is going on at all needs to be stopped COLD, and the subjectivity of it needs to be called into serious question. These people do not have the authority to make these kinds of judgements.
To add insult to injury for all the users who like myself and with a bad taste in their mouth, attempted to keep some kind of faith in Nicehash the whole time, because it once seemed to be such a good thing.....they are now reversing yet another position they took and saying they are going to pay back 100% of the hack. WTF?
I also got an email about ? WHY? I stopped mining recently at Nicehash.
Well Nicehash, its because you attempted to disallow my withdrawal of MY MINED COINS and to say that my ID documents were not in fact mine.
The fact that they keep re-stating that being involved with Crypto is " High Risk " is a gross understatement with respect mainly to their platform because the risk on other platforms does not even come close to the risk on Nicehash, or the bad treatment you may receive from them just for choosing to mine on their sordid pool.
There is something very underhanded about this type of language, this position, and this POOL.
Take a platform like " Nanopool " as a stark contrast where there is no worry in real terms whatsoever that you will be paid your mined earnings without all this grief, harrassment and colossal amounts of wasted time and effort.
The worst thing is all the harassment for a long time member, and such is fully unacceptable.
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