gotminer
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December 09, 2017, 02:52:08 AM |
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Good thing I've never ever used Nicehash, though I tried it before and planning to invest which was halted due to personal reasons. Along with minergate, they established themselves as one of the legit online mining site, but they have the upper hand because of more features compared to the latter. They've already been years in the industry and I do think their team is working hard to improve and develop the site even further, yet this kind of attack happened. While every Nicehash investors were hoping to get refunds from their investments, there's only a slim chance it might happen. This is similar with the case of Mt. Gox, whom at that time was a very popular exchange site. Lesson here, every dollar, coin, dime you have on an online investment, wether its a mining or exchange site, practice to draw out regularly or just store what you can afford to lose.
What kind of crypto casino spam do you have in your profile pic? Lol ... Are you for real?
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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carlisle1
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December 09, 2017, 04:19:52 AM |
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rumours are nicehash hacked,
Evidence is on twitter people seeing 0 account balances and its all been move to another wallet , that walllet now has 59 million.....
any comments?
if they really have proof on twitter,they should have post it here first because forum is much concern than twitter.thats only a humor and for sure proof wont be post here because they really have nothing
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gotminer
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December 09, 2017, 04:43:43 AM |
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rumours are nicehash hacked,
Evidence is on twitter people seeing 0 account balances and its all been move to another wallet , that walllet now has 59 million.....
any comments?
if they really have proof on twitter,they should have post it here first because forum is much concern than twitter.thats only a humor and for sure proof wont be post here because they really have nothing That was like two days ago. Maybe some saw zero account balances, before NH took everything offline ... Most just saw a message that said they were down for maintenance for about 12 hours up until the offical press release. And then another 24 hours before the live stream.
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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armenmerikyan
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BrownieCoins.org The Recognition Cryptocurrency
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December 09, 2017, 03:59:18 PM |
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Is NiCEHACK coming back ?
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BrownieCoins.org - social currency for doing good deeds
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gotminer
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December 09, 2017, 04:02:55 PM |
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Is NiCEHACK coming back ?
They do seem to be making that claim. I won't be sad, if they never see the light of day again though.
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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BitBustah
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December 09, 2017, 04:14:25 PM |
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Is NiCEHACK coming back ?
They do seem to be making that claim. I won't be sad, if they never see the light of day again though. Only an idiot would go back and mine with them. They just "lost" $70000000+ in bitcoin. I wouldn't trust them with $5.
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newmz
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The road of excess leads to the palace of wisdom
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December 09, 2017, 04:37:18 PM |
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The whole story smells.
An organization as big as Nicehash that was keeping all the hash-rate sellers payments in non-cold storage wallets? I don't believe they would/could have been so stupid. It's an exit scam IMHO. They kept raising the minimum payout so they could get that kind of ridiculously high amount that they owed sellers sitting in their hot wallets, waited until it was REALLY high, then they let someone "hack" them and shared the proceeds. That's my tinfoil hat theory, but I think it makes sense.
I think that the majority of their sellers were just people who were too lazy to work out what to mine for themselves, and/or didn't know enough to be able to, so they also don't understand how the explanation Nicehash is giving is pretty weak and lacks credibility. There are just SO MANY noob miners out there. Like I said - what kind of organization manages the huge amount of hash power they were working with, and the huge amounts of BTC they were supposed to be paying out - and doesn't use cold storage or multi-sig wallets for payments?
They were a huge honey trap. Maybe they didn't start out that way but it was probably just too much of a temptation for them. Obviously I don't know even a tiny amount of the facts but from where I stand I don't trust them and never will again. They were one of my 5th or 6th fallbacks and owed me maybe $60-$100 in BTC for small amounts of mining over the last few months, but I never used their wallets so if they had used a fair payment scheme I would have most of that BTC now, but oh well. Maybe if they pay me what they owe me I would recover some respect for them but as if that's going to happen.
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Crypto currency enthusiast and miner since 2015. Mined approx 200 ETH during 2016 and 2017 and sold it at approximately $US40 each. Then I watched it reach $1000+ each. If anyone bothers to read this stuff pay attention to this: HODL HODL HODL HODL HODL HODL
I started mining with 1 AMD 7950 and 1 R9-280X. Then I gradually built my AMD operation into 12 R9-290s. Awesome ETH hash but ridiculous power consumption and heat. Over the last year I defected to the Nvidia team. I now use GTX 1070s. They were expensive to buy (probably a bargain now) but awesome hash rate vs. power consumption. blah blah blah blah
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philipma1957
Legendary
Online
Activity: 4242
Merit: 8530
'The right to privacy matters'
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December 09, 2017, 04:58:51 PM |
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The whole story smells.
An organization as big as Nicehash that was keeping all the hash-rate sellers payments in non-cold storage wallets? I don't believe they would/could have been so stupid. It's an exit scam IMHO. They kept raising the minimum payout so they could get that kind of ridiculously high amount that they owed sellers sitting in their hot wallets, waited until it was REALLY high, then they let someone "hack" them and shared the proceeds. That's my tinfoil hat theory, but I think it makes sense.
I think that the majority of their sellers were just people who were too lazy to work out what to mine for themselves, and/or didn't know enough to be able to, so they also don't understand how the explanation Nicehash is giving is pretty weak and lacks credibility. There are just SO MANY noob miners out there. Like I said - what kind of organization manages the huge amount of hash power they were working with, and the huge amounts of BTC they were supposed to be paying out - and doesn't use cold storage or multi-sig wallets for payments?
They were a huge honey trap. Maybe they didn't start out that way but it was probably just too much of a temptation for them. Obviously I don't know even a tiny amount of the facts but from where I stand I don't trust them and never will again. They were one of my 5th or 6th fallbacks and owed me maybe $60-$100 in BTC for small amounts of mining over the last few months, but I never used their wallets so if they had used a fair payment scheme I would have most of that BTC now, but oh well. Maybe if they pay me what they owe me I would recover some respect for them but as if that's going to happen.
Well they were running 175 ph in btc sha-256 alone. that is about 28 btc earned by hash sellers and about 28 btc paid by hash renters 56 btc x 3% = 1.68 coins a day income from sha-256 with on book hash now they had say 30 al-gore-rhythms so 1.68 x 30 = 50 coins a day income or 800,000 a day income now if 50 btc coins a day was income for them x 33 = btc 1650 coins was renter and rentee money since 4700 hundred coins were stolen and it was about 3 or 4 days worth stolen the math is close . So is giving up 50 btc coins a day for year worth 4700 coins in one shot? And the company said fuck it lets grab and run. last I heard they are sitting in a wallet. What I don't understand is why all in one wallet. and if I cracked a wallet with 4700 in coins. I would first pull say 100 they pull 4600. they did 700 then 1000 then 1000 then 1000 then 1000. all to one wallet. So that gives security more chances to catch the thief and shut down wallet. Smells inside to me but an IT secondary employee makes more sense the the ceo.
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Christopher761
Newbie
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December 09, 2017, 06:06:09 PM |
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The whole story smells.
An organization as big as Nicehash that was keeping all the hash-rate sellers payments in non-cold storage wallets? I don't believe they would/could have been so stupid. It's an exit scam IMHO. They kept raising the minimum payout so they could get that kind of ridiculously high amount that they owed sellers sitting in their hot wallets, waited until it was REALLY high, then they let someone "hack" them and shared the proceeds. That's my tinfoil hat theory, but I think it makes sense.
I think that the majority of their sellers were just people who were too lazy to work out what to mine for themselves, and/or didn't know enough to be able to, so they also don't understand how the explanation Nicehash is giving is pretty weak and lacks credibility. There are just SO MANY noob miners out there. Like I said - what kind of organization manages the huge amount of hash power they were working with, and the huge amounts of BTC they were supposed to be paying out - and doesn't use cold storage or multi-sig wallets for payments?
They were a huge honey trap. Maybe they didn't start out that way but it was probably just too much of a temptation for them. Obviously I don't know even a tiny amount of the facts but from where I stand I don't trust them and never will again. They were one of my 5th or 6th fallbacks and owed me maybe $60-$100 in BTC for small amounts of mining over the last few months, but I never used their wallets so if they had used a fair payment scheme I would have most of that BTC now, but oh well. Maybe if they pay me what they owe me I would recover some respect for them but as if that's going to happen.
Well they were running 175 ph in btc sha-256 alone. that is about 28 btc earned by hash sellers and about 28 btc paid by hash renters 56 btc x 3% = 1.68 coins a day income from sha-256 with on book hash now they had say 30 al-gore-rhythms so 1.68 x 30 = 50 coins a day income or 800,000 a day income now if 50 btc coins a day was income for them x 33 = btc 1650 coins was renter and rentee money since 4700 hundred coins were stolen and it was about 3 or 4 days worth stolen the math is close . So is giving up 50 btc coins a day for year worth 4700 coins in one shot? And the company said fuck it lets grab and run. last I heard they are sitting in a wallet. What I don't understand is why all in one wallet. and if I cracked a wallet with 4700 in coins. I would first pull say 100 they pull 4600. they did 700 then 1000 then 1000 then 1000 then 1000. all to one wallet. So that gives security more chances to catch the thief and shut down wallet. Smells inside to me but an IT secondary employee makes more sense the the ceo. The whole story stinks. I have no idea if it was an insider or an outsider. But based upon the above, if they could get the market share back, they could pay everyone back in 94 days. Call it a year. So maybe, they might come back. Somehow, I think my .0109 BTC is gone. Permanently. I remember reading advice on this forum and others that say to keep your BTC offline. If someone else controls the keys, it is their money. Heck, even if you have it on your own personal PC it is at risk. The only reason I had that much at Nicehash was because I sweep the account only when it makes sense compared to the transfer fees. It does not make sense to transfer 0.001 BTC with a .0003 BTC fee.
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BenRickert
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December 09, 2017, 06:36:54 PM |
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Is NiCEHACK coming back ?
Not unless they can run it from jail.....LMAO!!
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bitcoinman93
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December 09, 2017, 06:51:15 PM |
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Let's give them some time, maybe they will find a way to pay us back, same as Bitfinex did.
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abbv21b
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December 09, 2017, 07:02:42 PM |
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Let's give them some time, maybe they will find a way to pay us back, same as Bitfinex did.
Umm, not likely. All coins are gone. Hackers BTC address is here: https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq(Its pretty crazy to see that much BTC in one address. I wonder how the hacker(s) are planning to move them out.)
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sp_
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Team Black developer
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December 09, 2017, 07:07:28 PM |
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(Its pretty crazy to see that much BTC in one address. I wonder how the hacker(s) are planning to move them out.)
Maybe they already have moved some of them out by using the private keys to claim bitcoin cash, bitcoin gold, bitcoin diamond and bitcore. Thats around 10% (7 MUSD).
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Fbo62
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December 09, 2017, 07:30:37 PM |
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nicehash had one wallet address, that probably have hundreds or even thousands of coins in it, they essentially it was easy for them to be hacked.
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CryptoWatcher420
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Small Time Miner, Rig Builder, Crypto Trader
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December 09, 2017, 08:59:27 PM |
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(Its pretty crazy to see that much BTC in one address. I wonder how the hacker(s) are planning to move them out.)
Maybe they already have moved some of them out by using the private keys to claim bitcoin cash, bitcoin gold, bitcoin diamond and bitcore. Thats around 10% (7 MUSD). ROFL and maybe you need to do some research on how that actually works, cause when you do youll find out that which you've said is not probable. anyone with half a brain would know this. talk about not being the brightest bulb in the pack
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6pin to EPS 12v 4+4pin w/pigtail & 2.5mm barrel plug for Pico Psu for SERVER PSU ONLY GPU MINING RIGS! | Donations: BTC- | Join Me on Discord! https://discord.gg/VDwWFcK
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1eth1
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December 09, 2017, 10:52:20 PM |
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I started with Nicehash, but more I go into crypto, less I like them. They were too greedy: 1) They took forks; 2) They made very high withdrawal fees – one of the reasons, why many miners lost money; 3) They basically made miners to use their wallets; 4) They paid less, than pools. They sucked so badly. I can't imagine that someone would keep all money in one account. Mining on pools is much better than using Nicehash. I left Nicehash a month ago, but lost 50 USD because of my laziness - left two cpus on Nicehash. To tell the truth I didn't expect that such service would fail like that. Good lesson for all.
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FFI2013
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December 09, 2017, 11:22:14 PM |
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The way I see it only a retard or someone who wants it to look like a hack keeps 4700 BTC in a hot wallet there's no way any legit company wouldn't have cold storage again either their retarded or wanted this to happen
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jyakulis
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J
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December 09, 2017, 11:25:04 PM |
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couldn't the hackers feesibly just use shapeshift and start turning them into moneros or something...
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gotminer
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December 09, 2017, 11:27:56 PM |
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The way I see it only a retard or someone who wants it to look like a hack keeps 4700 BTC in a hot wallet there's no way any legit company wouldn't have cold storage again either their retarded or wanted this to happen
I'm thinking the same thing. Wish they had some sort of explanation as to why that much btc was sitting in a hot wallet, even if it is bullshit.
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Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
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Elder III
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December 09, 2017, 11:53:32 PM |
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The way I see it only a retard or someone who wants it to look like a hack keeps 4700 BTC in a hot wallet there's no way any legit company wouldn't have cold storage again either their retarded or wanted this to happen
I'm thinking the same thing. Wish they had some sort of explanation as to why that much btc was sitting in a hot wallet, even if it is bullshit. What I heard was that the hacker modified their payment code structure to send BTC from many separate locations to one wallet, from which he/she then sent the 4700 BTC to their own wallet elsewhere. The hacker somehow compromised a network system that they were able to access and then used developer credentials to do stuff on the network. Either one of the developers there did this or a hacker (or group of hackers) spent allot of effort to gain all that information. Either one is possible at this stage.
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