NiceHash The Mining Service Got Hacked And Lost 4,450 Bitcoins Worth 60 Million

[tahady]

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

https://www.youtube.com/watch?v=UXE0UuVQgfI&feature=push-u&attr_tag=J6smuqM7Swgw769A-6

[squatter]

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

https://www.youtube.com/watch?v=UXE0UuVQgfI&feature=push-u&attr_tag=J6smuqM7Swgw769A-6

It's not going to affect the BTCUSD market. The price continues to push new all-time highs as we speak, hours after the news dropped. The losses are estimated at ~$60 million, which is paltry compared to the overall market.

However, I will say that NiceHash was the most reputable cloud mining service. I know a couple altcoin miners that regular rent hash rate from them, and I'm guessing they were affected by this. It will definitely send some shockwaves through altcoin and miner communities, and it will probably have some effect on POW altcoin hash rates.

I'm skeptical about the circumstances. It sounds like they kept their bitcoin holdings all online on a live server. That's violating security 101 for an operation as large as NiceHash. It starts to smell like an exit scam....

[skylynn]

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

https://www.youtube.com/watch?v=UXE0UuVQgfI&feature=push-u&attr_tag=J6smuqM7Swgw769A-6

It's not going to affect the BTCUSD market. The price continues to push new all-time highs as we speak, hours after the news dropped. The losses are estimated at ~$60 million, which is paltry compared to the overall market.

However, I will say that NiceHash was the most reputable cloud mining service. I know a couple altcoin miners that regular rent hash rate from them, and I'm guessing they were affected by this. It will definitely send some shockwaves through altcoin and miner communities, and it will probably have some effect on POW altcoin hash rates.

I'm skeptical about the circumstances. It sounds like they kept their bitcoin holdings all online on a live server. That's violating security 101 for an operation as large as NiceHash. It starts to smell like an exit scam....

Definitely smells like an exit scam.

[Yakamoto]

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

https://www.youtube.com/watch?v=UXE0UuVQgfI&feature=push-u&attr_tag=J6smuqM7Swgw769A-6

See, most of the time I think that anyone who gets "hacked" either had someone do something through an inside job or they were bad with their handling of their funds, resulting in the lots funds being stolen due to incompetence. It's a shame that they saw those losses but it's not like there will be much that can be done for them now.

Bitcoin shouldn't drop because, if it was going to, it likely would have already. Only if they get dumped will such a thing happen, but at the same time there is almost no chance that will happen since they'll move it piece by piece, slowly selling them off and taking the value. More than likely, anyways. Not sure what the mentality of the hacker, or thief, is.

[totallyG]

Definitely smells like an exit scam.

I think so too.

Actually I think we will see a drop in bitcoin price when this news reach the mainstream media.

What just happened does not show the perks of a secure and safe currency.

[kahc]

Lol, all the btc were sent with very reasonable transaction fees too, not like the perpetrator(s) were rushing at all.

https://blockchain.info/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

[hahahafr]

Just the opposite, the price is just going up, i dont know why

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

We had more than three bad news about bitcoin today; first, bittrex scammed millions of people, steam stopped accepting bitcoin deposits, and now NiceHash lost more than 60 millions of dollars worth of bitcoin.

This is crazy, the price is $13,950 EACH BITCOIN, and it was less than $11,800 yesterday, this is crazy guys.
I dont know when it will stop going up.

[tahady]

Miners who are using nicehash are doomed. I really feel sorry for them. It could be happen again on any mining pools if it is an exit scam.

[tiggytomb]

Definitely smells like an exit scam.

I think so too.

Actually I think we will see a drop in bitcoin price when this news reach the mainstream media.

What just happened does not show the perks of a secure and safe currency.

I think it shows more that companies that hold people's bitcoin need to ensure that they are taking the right security measures, it baffles me how a company of this size and good reputation was able to be hacked and lost 4,000 + bitcoin, something is amiss.

[sandpiper]

Will bitcoin going to drop?

There are no technical reasons for BTC to drop. In the end, there are - 4,450 Bitcoins on the market, thus a higher demand. On the other hand, on long term such incidents do not create a welcoming climate, since the security is a key element in the evolution of Bitcoin.

[mentalny]

Just the opposite, the price is just going up, i dont know why

NiceHash The Mining Service Got Hacked. What are your thoughts guys? Will bitcoin going to drop?

We had more than three bad news about bitcoin today; first, bittrex scammed millions of people, steam stopped accepting bitcoin deposits, and now NiceHash lost more than 60 millions of dollars worth of bitcoin.

This is crazy, the price is $13,950 EACH BITCOIN, and it was less than $11,800 yesterday, this is crazy guys.
I dont know when it will stop going up.

Yeah, this is crazy. I have just read the news and it turned out Steam stopped accepting BTC bacause of high fees. And also Nicehash has been hacked... and the price still reaches new ATHs. Thats insane...

[sandpiper]

We had more than three bad news about bitcoin today; first, bittrex scammed millions of people, steam stopped accepting bitcoin deposits, and now NiceHash lost more than 60 millions of dollars worth of bitcoin.

This is crazy, the price is $13,950 EACH BITCOIN, and it was less than $11,800 yesterday, this is crazy guys.
I dont know when it will stop going up.

Indeed. On the top of that, South Korean exchanges continue to trade well above the rest of the market, with Bithumb, Coinone and Korbit reporting trades above $15,000  , according to CoinDesk.

I'm wondering what the new released app "Bitcoin Bubble Burst" (an alerts service that promises to scan social media and news reports about bitcoin and use neural networks to predict what changes in bitcoin value may result before those changes occur) says.   

[pushups44]

What this underscores, once again, is that no third-party service can be fully trusted, no matter how reputable. If you don't control your private keys, you don't have the bitcoin. It will be interesting to see how NiceHash will explain having that much money so accessible to hackers.

[fyoung55]

..And BTC is still climbing!

[richardsNY]

What this underscores, once again, is that no third-party service can be fully trusted, no matter how reputable. If you don't control your private keys, you don't have the bitcoin. It will be interesting to see how NiceHash will explain having that much money so accessible to hackers.

Problem is that people always look to increase their holdings, and for that reason will remain exposing themselves to high risks. Important factor is also that NiceHash mostly attracts people just having joined crypto land, and these people have no clue about what the risks are. I think it's safe to say that at least 50% of these people have invested in something that's mining related. YouTube has been a major driver for that with people claiming to make thoudands of dollars every month with their rigs or cloud mining contracts. As with everything, people mostly only learn when they are being hit in their wallet, and unfortunately, it happened on a massive scale in this case.

[aerozep10]

Wow, that's a big blow for mining.
The things I always hear from friends and family, is cryptocurrency safe. How can I trust it.

[aanbudi]

Can we see the current price of Bitcoin is still very high. I guess they (Hackers) are not too clumsy and still hold the Bitcoin they stole, while waiting for the price to go up. So this will not affect Bitcoin now. And this is very possible.

[galata07]

Hello sorry for your loss

http://accelerator.network/1816.html

have almost same kinda service as nicehash bot have their own datacenter so its safe to use and your fund is secure you can buy acc tokens from the homepage and use it for mining.

you can also maybe get discount the community managerin telegram talking about that.

[radmoreos]

can anyone link me to post about what happened to bitrexx today please?

[stompix]

Lol, all the btc were sent with very reasonable transaction fees too, not like the perpetrator(s) were rushing at all.

https://blockchain.info/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

"Perpetrators"

Here is the news without watching videos:
https://cointelegraph.com/news/mining-service-nicehash-hacked-60-million-in-user-funds-stolen

“Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours. Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken

Really , what has the website to do with BTC stolen.
Did they have a hot wallet with all the funds inside, these days?

It might be legit news but every last "hack" smells of inside job there days.