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Author Topic: Nicehash, exit scam?  (Read 619 times)
Darooghe
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December 06, 2017, 10:02:17 PM
 #1

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.
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December 06, 2017, 10:16:33 PM
 #2

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.
I just read their post an hour ago on their facebook page https://www.facebook.com/NiceHash/posts/2012613285624474

A lot of coins has lost and I'm not comfortable with their statements. Before they are only saying that they are undergoing some maintenance and what's with that maintenance now?

They have been breached, why not they just admitted in the first place that their security is too weak for their hot wallet to cover. Their credibility is being at stake now and for sure this will damage their service if ever they want to continue again.

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December 06, 2017, 11:06:21 PM
 #3

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 

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December 06, 2017, 11:17:33 PM
 #4

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 
Well... I woulnd't exactly call them a "cloudmining". You are basically selling your hash power (from your hardware) to them and not buying a mining contract. A business could keep going with this forever without having to exit scam, so they could be telling the truth. But obviously we can't say for sure that this wasn't an inside job.

I'm just glad that I decided to not play around with my GTX 1070 and mine with them.

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December 06, 2017, 11:24:41 PM
 #5

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 

there is no way they can recover from this. and i find their announcement very disturbing. if i am reading this correctly, they kept most or all of their BTC in a hot wallet. what kind of legitimate operation stores thousands of BTC on an online server in this day and age?

for that reason, it appears to be an exit scam. they are trying to appear incompetent to make off with millions of dollars and go live on an island somewhere. this is the classic exit scam formula we have come to recognize in this space.

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.

i don't think it's the same as BTC-e. in that case, the US government immediately issued a press release about indicting BTC-e and arresting one of its alleged owners. i don't think BTC-e was an exit scam at all, and i was pleasantly surprised when they partially refunded customers. they've also refunded ~10% of the debt tokens they issued to cover the losses.

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December 06, 2017, 11:31:06 PM
 #6

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 

there is no way they can recover from this. and i find their announcement very disturbing. if i am reading this correctly, they kept most or all of their BTC in a hot wallet. what kind of legitimate operation stores thousands of BTC on an online server in this day and age?

for that reason, it appears to be an exit scam. they are trying to appear incompetent to make off with millions of dollars and go live on an island somewhere. this is the classic exit scam formula we have come to recognize in this space.

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.

i don't think it's the same as BTC-e. in that case, the US government immediately issued a press release about indicting BTC-e and arresting one of its alleged owners. i don't think BTC-e was an exit scam at all, and i was pleasantly surprised when they partially refunded customers. they've also refunded ~10% of the debt tokens they issued to cover the losses.

I agree that it looks kinda fishy to me. Coming from a group of people that have literally been re-writing mining software, which is no easy task, you would think that they would be competent enough to have good security.

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December 06, 2017, 11:58:28 PM
 #7

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 
Well... I woulnd't exactly call them a "cloudmining". You are basically selling your hash power (from your hardware) to them and not buying a mining contract. A business could keep going with this forever without having to exit scam, so they could be telling the truth. But obviously we can't say for sure that this wasn't an inside job.

I'm just glad that I decided to not play around with my GTX 1070 and mine with them.

Indeed, nicehash isn't cloud mining, even genesis as cloud mining better than them at this point.
BTC4450 is a big amount for a mining service but the most important how they will recover the funds as customers won't cooperate with them anymore anytime soon.
Unless, they have huge amount of bunch altcoins such as eth, xmr or dash to cover all the lost fund as most of their activities are mining altcoins.
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December 07, 2017, 07:11:04 AM
 #8

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 

there is no way they can recover from this. and i find their announcement very disturbing. if i am reading this correctly, they kept most or all of their BTC in a hot wallet. what kind of legitimate operation stores thousands of BTC on an online server in this day and age?

for that reason, it appears to be an exit scam. they are trying to appear incompetent to make off with millions of dollars and go live on an island somewhere. this is the classic exit scam formula we have come to recognize in this space.

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.

i don't think it's the same as BTC-e. in that case, the US government immediately issued a press release about indicting BTC-e and arresting one of its alleged owners. i don't think BTC-e was an exit scam at all, and i was pleasantly surprised when they partially refunded customers. they've also refunded ~10% of the debt tokens they issued to cover the losses.

That is spot on, mate. Which legitimate bitcoin company that has apparently so long of experience with large sums of bitcoins and hashing power would leave their customer's funds exposed in a hot wallet? Where is the security that every single one of these hacked companies have promised? Don't they know how to diversify their storage methods, having multiple hot/warm/cold wallets to protect funds?

These are all question marks to be addressed, and we have not yet received anything from them officially.

But this seems like a setup for an exit scam to me.

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December 07, 2017, 08:07:02 AM
 #9

I think they want to perform BTC-e's trick by saying some coins and money lost forever. So offer us taking some percents of our balance and be satisfy! After that they will do their business by new brand.

It could be possible, nobody can tell for sure.

But then they can also be legitimately hacked and are now trying to figure out what is the best option to recover customers funds. We can't tell for sure at the moment as i've said, just wait for further announcements at this point.

They should definitely be compensating their investors fully in my opinion. Obviously their fault for not securing funds properly using the correct protocols.

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December 07, 2017, 08:12:15 AM
 #10

They have been hacked and lost huge amount of Bitcoins https://bitcointalk.org/index.php?topic=2537342.0  They messed up big time. All of investors are screwed up. They have weak security that why hacker stole funds from them. I don't think nicehash will be able to recover that huge amount. This is bad. They've been down for many hours now or even a day now. They said it will open soon. But i don't think they will be back. This is their exit. This is why i don't trust cloudmining. It's a shady business. 
Well... I woulnd't exactly call them a "cloudmining". You are basically selling your hash power (from your hardware) to them and not buying a mining contract. A business could keep going with this forever without having to exit scam, so they could be telling the truth. But obviously we can't say for sure that this wasn't an inside job.

I'm just glad that I decided to not play around with my GTX 1070 and mine with them.
I was nearly convince to jump over to their pool and will start selling my hash and ready to buy for some gtx 1070 but this happened. They could be telling the truth and they could lie too, it all depends and it can be an exit for them too. When things are happening like this it's hard to assume that they were hacked or something but they will start again.

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December 07, 2017, 08:47:27 AM
 #11

Definite exit scam. Come on, BTC4450 in a hot wallet?  Shocked
That surely is enough proof, if proof be needed, for anyone!
 
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December 07, 2017, 10:15:24 AM
 #12

Definite exit scam. Come on, BTC4450 in a hot wallet?  Shocked
That surely is enough proof, if proof be needed, for anyone!
 


If they had to, they would have scammed earlier, their daily payout is almost 1100 btc, so I hope they will be back.

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December 07, 2017, 11:25:08 AM
 #13

I would never call them "scam", it's excellent service that generate good profit to them, there's no motive for NiceHash to scam.
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December 07, 2017, 11:42:48 AM
 #14

I would never call them "scam", it's excellent service that generate good profit to them, there's no motive for NiceHash to scam.

Yes, they have been in the market since 2014, they can't just scam now.

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December 07, 2017, 12:14:29 PM
 #15

It don't think it's an "exist scam", they've been around for a very long time (not that that guarantees anything, but still). I do think there's a very high chance that this is an inside job and unfortunately I don't see how they're bouncing back from this.
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December 07, 2017, 01:01:42 PM
 #16

Guys forget the scammers and come here

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December 07, 2017, 01:05:21 PM
 #17

I would never call them "scam", it's excellent service that generate good profit to them, there's no motive for NiceHash to scam.

Yes, they have been in the market since 2014, they can't just scam now.

Just a thought, is it all given a name of the scam and the ideally it would be the huge rise in the btc prices that is making them do this as they have a huge number of btc in the total customers wallet if added together. This already makes them a billionaire if they have those btc. Yes this is just a situation which could not be real or it can be a real a well.
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December 07, 2017, 02:06:05 PM
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I would never call them "scam", it's excellent service that generate good profit to them, there's no motive for NiceHash to scam.

Yes, they have been in the market since 2014, they can't just scam now.

Just a thought, is it all given a name of the scam and the ideally it would be the huge rise in the btc prices that is making them do this as they have a huge number of btc in the total customers wallet if added together. This already makes them a billionaire if they have those btc. Yes this is just a situation which could not be real or it can be a real a well.

Truth or not then its not surprising thing for me which I do really expect that these kind of scenarios do really happen specially when bitcoins price reaching out new heights which there would really be arising hacking issues either on mining sites or any investment. Don't know if its real or just an alibi to cover up the inside job.I agree on the thing that they will possibly do such thing on making an exit scam knowing the number of bitcoin they were holding will really make them hella rich.
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December 07, 2017, 07:33:38 PM
 #19

It don't think it's an "exist scam", they've been around for a very long time (not that that guarantees anything, but still). I do think there's a very high chance that this is an inside job and unfortunately I don't see how they're bouncing back from this.

That's exactly how exit scams work though. You stick around for a while to build up trust, and then you pull the exit scam. That's why it's called an exit scam.

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December 07, 2017, 08:36:34 PM
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I believe it is an exit scam too. Don't you find it strange that this happened just when the price hit an all time high. Exit scams have something in common, they all wait for the perfect moment and the all time price of bitcoin was the perfect moment for them. Even if they come back users re trusting them are just stupid.

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