NiceHash hacked?

[gotminer]

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?

[1714909583]

1714909583

[1714909583]

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[carlisle1]

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

[gotminer]

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.

[armenmerikyan]

Is NiCEHACK coming back ?

[gotminer]

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. 

[BitBustah]

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.

[newmz]

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.

[philipma1957]

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.

[Christopher761]

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.

[BenRickert]

Is NiCEHACK coming back ?

Not unless they can run it from jail.....LMAO!!

[bitcoinman93]

Let's give them some time, maybe they will find a way to pay us back, same as Bitfinex did.

[abbv21b]

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.)

[sp_]

(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).

[Fbo62]

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.

[CryptoWatcher420]

(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

[1eth1]

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.

[FFI2013]

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

[jyakulis]

couldn't the hackers feesibly just use shapeshift and start turning them into moneros or something...

[gotminer]

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.

[Elder III]

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.