Nicehash site is up...

[QuintLeo]

Since last night I have noticed that the NH Client software is reporting much higher numbers than the dashboard. In some cases this is 15-20 bucks / day...

I'm seeing this on 2 of my accounts with them.

Can someone please confirm that this is occurring on their side as well?

 Probably their normal "wide swing" on payout as the market shifts.
 The miner is semi-realtime, the web page is a snapshot.

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[Sledge0001]

Yeah it seems as that I am getting paid what I should it just seemed to me that before the dashboard seemed to be in better check with the miners.

[QuintLeo]

The numbers in the dashboard have NEVER seemed to have a consistant grasp of reality - always off quite a bit one way or the other compared to the "24 hour" or "12 hour" numbers.
I have ZERO idea where the dashboard and "projected" numbers come from - they seem to be about 50% random factor around the REAL numbers.

[64dimensions]

I wonder what percentage of the people will go back to this after what happened.

I already did. You may say why ? Because one of my rigs with modified bios and 6 x RX 570 series is doing 4950 h/s on Monero/Cryptonight algorithm. Paying 26.5 USD daily I guess one of the highest for such configuration and Monero is my favorite algorithm because it consumes less energy.

Same cards on Winminer were doing 3600 h/s or 17 USD daily, that is 270 USD more monthly with Nicehash. I would be stupid to not go back. I think they will not be hacked anymore and store all the coins in cold storage now.

The only thing I disagree is the same min payout, I would love to see 0.005 btc as min withdraw.

anyone who thinks like this noob does, is one stupidly naïve person. they didn't change much of anything. payout amount is the same, id bet all the funds go into a hot wallet still just waiting to get hacked again. so think they will not get hacked again is a stupid thing to think

Calling me noob is something stupid, having built more than 100 boards for many friends and not friends, lately I have done a successful bios modification also of one of the most problematic card and with Hynix memory. Why am I stupid, I make 0.011 btc weekly so max I can lose is one week of mining. I made 76 USD with Winminer in one week, while I am making about 160 USD within a week with Nicehash.

It is called risk taking and not stupid thinking.

Ignore him, he's a douche nozzle. Not worth the effort.

It's possible to have this discussion without name calling.

I don't think the answer is black or white. With NH and pools in general, it's hard to see under the hood. At this point it's an issue of trust.
 NH lost $65 mil. How are they going to make that back with a smaller customer base?

No matter how attractive the returns are in rev. 2, I would think that securing your wallets would be the #1 mission critical focus. NH would be a lot more convincing if they hired an experienced operations guy from say coinbase, bittrex et al. This would indicate that they are serious. NH in a way illustrates the idea that people who start companies up, sometimes can't really be the people who run them. The effort to have a decent operation is underestimated.

 I guess to put it directly in terms of risk, I'm not convinced there will not be another operational screwup that wipes out any gains.

[maxmeme]

Are they now paying to external wallet that above the threshold?

[GregorWar]

From info I got nicehash is searching for investors to cover the lost of stolen btc...I hope all users will get their money back...

[VuValley]

How to received instruction email? I'm trying to log in but still not getting any luck to received email from NH , good to know that they are back online again hope everything went back to normal.

Im a former user and I still cant login. Says I need to check my email to reset my pw and no authorization emails are being sent to do so. (Of course I checked spam and they have always been white-listed)

Anyone else having login issues since their "return"? They owe me quite a few bucks and specifically said it would be paid back by Jan 30th. I guess we will see if they do right thing or its all PR.

[Sledge0001]

My guess is somehow given that Coinbase transactions are going to be free for the time being I would ASSUME that Coinbase may be contributing or investing as they stand to lose out considerably if NH doesn't continue their operations.

My rigs are back full time on NH and believe that this was just a security blunder. A massive one... And don't think I am not owned a few bucks that are in limbo.... My logic is they owned it and now are making lemonade so I will try to give them my resources in good faith and wait it out.

[QuintLeo]

Are they now paying to external wallet that above the threshold?

 Apparently not right now - and given how crazy-high transaction fees are right now, it actually makes some SENSE to hold off on the "once per week" balance payments - the transaction fee in some cases would bloody near EQUAL the transaction amount itself.

 This is USUAL for this time of year, transaction fees should start dropping anytime now and probably take 2 weeks to a month to get back down to "normal".

 This is also why I try to avoid buying stuff in December and early January with Bitcoin, the demand and number of transactions skyrockets causing high costs and LOTS of issues.

[GregorWar]

Just reading article about nicehash company...they have new CEO and some small investor...they got 225.000€ more...still long way to cover their 65 milion loss...better start somewhere 

[wheelz1200]

Just reading article about nicehash company...they have new CEO and some small investor...they got 225.000€ more...still long way to cover their 65 milion loss...better start somewhere 

I would assume they will be taking their fees as they are back and running to start to get people''s funds back.  Gonna be a long road of recovery though unless they get some investors.  Hope the end result works out well for both the miners and for nh, I liked nh's service and would hate to see them dissappear.

[Perunex]

Now already ex-CEO Marko Kobal walked out also as owner (Bitorious). Sold his share (45%) to some small company Fleming digital d.o.o. with 100% ownership of Aljosa Sokic and some to his co-owner H-Bit d.o.o. whose owner is Martin Skorjanc - father of the notorious "hacker" Matjaz Skorjanc. This is that guy who was arrested and served time in the past for some cyber crime for which CIA was chasing him or something. New CEO was named Zdravko Poljasevic. Google says that he was/is a CEO of Kreativni najemi d.o.o. - company that imports, sells, rents luxurious cars in Slovenia.

Fleming digital spent 175.000€ to become 35% owner.
H-Bit spent additional 50.000€ to gain 10%. Now they have invested all together 325.000€ and are 65% owner.

This information is official.

[antantti]

Apparently not right now - and given how crazy-high transaction fees are right now, it actually makes some SENSE to hold off on the "once per week" balance payments - the transaction fee in some cases would bloody near EQUAL the transaction amount itself.

 This is USUAL for this time of year, transaction fees should start dropping anytime now and probably take 2 weeks to a month to get back down to "normal".

This is also why I try to avoid buying stuff in December and early January with Bitcoin, the demand and number of transactions skyrockets causing high costs and LOTS of issues.

And then some facts, median BTC transaction fees 2013-2017 (holiday season):

2013 $0.07
2014 $0.03
2015 $0.04
2016 $0.16
2017 $26

They wont get back to "normal" unless

1) Core is dumped, or
2) Core devs start delivering, I wouldn't hold my breath.

PS. I have said it before, Nicehash needs to contact Bitfinex (if they find a way how to do that). Bitfinex knows how to cover $60.000.000,00 of "stolen" funds in only 6 months.

[QuintLeo]

Seems odd that 2016 was supposedly that low, I distincly remember having to go quite a bit higher than "sub $1" on transaction fees a year ago.

 Definitely nowhere near the $25 ballpark I saw for my only "holiday period" transaction THIS YEAR though - think it was more like $5 and THAT seemed high at the time.

[Adwin]

Yesterday I withdraw from Nicehash but not yet received (over 24h), why nicehash not pay for miners?
I have stopped all the devices.

[Perunex]

How is now mining on nicehash? Profitabilites are good?
What are you expecting with the funds return and the future security?

[gotminer]

How is now mining on nicehash? Profitabilites are good?
What are you expecting with the funds return and the future security?

Let me ask my magic 8 ball.

[QuintLeo]

Just got a .01 payout today.

 Given my current issues with both Bittrex and Poloniex, I'm seriously considering moving ALL my hash back to Nicehash - they have LESS of my money held up at this point and at least an ESTIMATED timeframe for payout on it.

[gotminer]

I know people keep saying you're paying more in fees, but honestly, the fees are not high.  If you transfer to a coinbase account, there are not any fees other than the 2% that NH takes.

Comparing that to one of my rigs that is mining etn.  I'm paying 2% to the dev's to use xmr-stak, I'm paying 0.1% to SpacePool, I'm paying a fee when I transfer from my etn wallet to an exchange, I'm paying a fee to sell on the exchange, and I'm paying another fee to transfer from the exchange to coinbase.  Granted, some of those are very small fees, but they add up to more than 2%.

There is also the argument that you're losing out on profits in other ways, by using NH.  I agree that is the case sometimes.  There are cases when you mine a single coin for a couple of months and the value does a 2x or 3x or 10x or whatever.  

On the flip side, with NH, you're paying 2% flat and getting paid in BTC, which can go up or down in value just as easily.

And then there is the argument just maybe you shouldn't trust NH after the hack and that is a very valid one.  You can mitigate the risk by making sure you're withdrawing to coinbase as soon as your wallet hits 0.003btc.  I believe that is the min withdraw amount from a NH wallet anyway.

I certainly think beginners should be learning the ropes and learning how to mine singles and trade on some of the other exchanges outside of coin base, learn to manage other wallets, ect.  Coinbase and NH make it extremely easy to forget about all of that stuff, but knowledge is a powerful tool.  Look at all of the people who had no idea what to do when NH went down.  They had zero knowledge, no backup plan, nothing.

So use NH or don't use NH for whatever your reasons are, but no matter what, don't stop diving deeper and learning new things.  You'll thank yourself for it later.

 

[n00bsaibot]

..........
So use NH or don't use NH for whatever your reasons are, but no matter what, don't stop diving deeper and learning new things.  You'll thank yourself for it later.
 

NH is a good place to start .... keep in mind that there is a HUGE surge of new miners since BTC went up. Few moths back everyone thought I was crazy but all of them are now want to know more about mining, trading, etc ...

As you said - keep learning and exploring new options ..... since you never know