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nicehash has been down all day..

T

trog100

Joined
Dec 18, 2005
Messages
8,253 (1.16/day)
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System Name money pit..
Processor Intel 9900K 4.8 at 1.152 core voltage minus 0.120 offset
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its also lacking in any real information as to why..

anybody any ideas.. :)

trog
 
Down for "maintenance".
Unscheduled maintenance... after they rather inconventiently lost 56 million euros worth of currency (unconfirmed). If you check a huge amount of their pools were emptied, and said 56 million was all sent to one wallet.

Stop mining for them now.
 
RCoon said:
Down for "maintenance".
Unscheduled maintenance... after they rather inconventiently lost 56 million euros worth of currency (unconfirmed). If you check a huge amount of their pools were emptied, and said 56 million was all sent to one wallet.

Stop mining for them now.
Click to expand...

Hacked or ripping y'all off.

1 reason why I won't do it
 
This is why I liked eligius back when I mined... They paid with the coinbase transaction, nothing to hack...

I hope you all were smart and withdrew often. Web wallets are bad wallets.
 
RCoon said:
Down for "maintenance".
Unscheduled maintenance... after they rather inconventiently lost 56 million euros worth of currency (unconfirmed). If you check a huge amount of their pools were emptied, and said 56 million was all sent to one wallet.

Stop mining for them now.
Click to expand...

i am more concerned with regards to getting at my wallet.. their mining no longer works in fact nothing work apart from the down for maintenance message..

i am also a bit surprised at the lack of information.. you seem to have more than i do.. and have looked :)

have they been hacked or is it just software problems.. i didnt know about the (unconfirmed) missing money..

trog
 
trog100 said:
i am more concerned with regards to getting at my wallet.. their mining no longer works in fact nothing work apart from the down for maintenance message..

i am also a bit surprised at the lack of information.. you seem to have more than i do.. and have looked :)

have they been hacked or is it just software problems.. i didnt know about the (unconfirmed) missing money..

trog
Click to expand...

If he is right, sadly I doubt you will ever see your nicehash wallet again.

My condolences.

I'd like to take this oportunity to emphasize any web wallet can be hacked, and if it is big enough, likely will be. Printing an offline paperwallet is easy, and you all should be doing it.
 
R-T-B said:
This is why I liked eligius back when I mined... They paid with the coinbase transaction, nothing to hack...

I hope you all were smart and withdrew often. Web wallets are bad wallets.
Click to expand...

i wasnt and didnt.. i was just about to move my stash onto a ledger blue hardware wallet i bought last week but had not gotten round to doing it.. one always knows there is a risk but tend to think it wont happen to you.. if it has i shall be a tad pissed off.. he he

the bottom line being i stand to lose a lot of money if nicehash is no more.. he he..

trog
 
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trog100 said:
i wasnt and didnt.. i was just about to move my stash onto a ledger blue hardware wallet i bought last week..

the bottom line being i stand to lose a lot of money if nicehash is no more.. he he..

trog
Click to expand...

There will probably be legal action / class action to fight over the scraps. If this is what happened. Usually big stakeholders get paid first in such things. If so, keep informed on it and best of luck.

PS: If any of you have large sums of bitcoin in vulnerable places and need security lessons, I am always happy to help with advice.
 
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somehow unrelated to nicehash but still on topic : i had an overall dissapointing experience with Kraken, last week they stopped honoring my orders to buy bitcoin when it was around $6600 and they remained dead silent for 5 days.

I was finally able to withdrew the €300 i injected in + a bonus of 20€, and called it a day. Forever.
 
The only exchange I would trust is coinbase.
 
I think most of this is FUD... Looking at their twitter, they haven't indicated in any way that anything is wrong. If it were any other service that didn't have any financial impact, and saw the same message we wouldn't think a second thought about it. The fact that there is a possibility of losing money for some people simply makes us more quick to jump to conclusions. I'm not saying it ISN'T happening... It very well might have been hacked. We won't know until they let us know.

Most of the people saying they were hacked cite the fact that checking their nicehash wallets are empty... Except if my understanding is correct, those nicehash wallets are internal to Nicehash. Checking them on a site like Bitcoin explorer won't ever indicate those wallets have anything in them because they aren't "real" wallets. They're not on the blockchain. Nicehash has a single (or maybe multiple) huge wallets that actually ARE on the blockchain, that all the real money is in. Your nicehash wallet doesn't actually have bitcoin in it. It's just a database pointer to how much they owe you if/when you cash out or transfer out. The movement to a different wallet could indeed be a legitimate piece of maintenance.

Oh well... The only thing we can do is wait. Luckily I only had 100 bucks in mine... not a huge loss.

EDIT: and for all the people saying the owner took the money and run, why would he run off with 56 million when he stands to make hundreds of millions over time? Bad strategy, if he/they did so.
 
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R-T-B said:
It's highly unusual for them to do something like that in maintenence unless it's to defend against a detected breach, so it really doesn't look good either way. But good point, we are not certain yet.
Click to expand...
According to some on that reddit post, it has happened before. Haven't seen the reasoning, but some who claim to be long-time users say it is normal. Not to mention, their whole system has been plagued with issues the last few days, and they've been down for maintenance several times for several hours in the last week. I can't say for certain that the money isn't gone, of course. I'm just not so worried. Then again, as I said above, I don't have too much stake there (other than losing a nice easy way to mine, if they shut down.)

What I DO know, is that most of the fear is based on the fact that people are checking their wallets on sites like Bitcoin Explorer, and they come back empty. The problem with that is, like I said above, those aren't real wallet addys anyway, and will never show anything when searched like that.
 
I use NiceHash and generally they are great, but because we've seen bad things happen before with other sites I withdraw my earnings (from any mining site, not just NH) periodically to a safer store. If NH went completely belly up I'd only be out maybe $100 or so which I can live with, even though it'd still be a crummy day. I'm also a fairly small-scale miner though with only a few systems and I can see where that might not be as practical for the all-in guys with larger mining setups.
 
fullinfusion said:
Hack hack hack cough

https://www.reddit.com/r/NiceHash/comments/7hxxp3/hicehash_hacked/
Click to expand...

A little slow to the punch man.

Papahyooie said:
According to some on that reddit post, it has happened before. Haven't seen the reasoning, but some who claim to be long-time users say it is normal. Not to mention, their whole system has been plagued with issues the last few days, and they've been down for maintenance several times for several hours in the last week. I can't say for certain that the money isn't gone, of course. I'm just not so worried. Then again, as I said above, I don't have too much stake there (other than losing a nice easy way to mine, if they shut down.)

What I DO know, is that most of the fear is based on the fact that people are checking their wallets on sites like Bitcoin Explorer, and they come back empty. The problem with that is, like I said above, those aren't real wallet addys anyway, and will never show anything when searched like that.
Click to expand...

All good points. I will also fully admit my pool administration knowledge is highly dated... so theres that.
 
i dont put much into the wallets showing zero i have seen that before when nicehash fails to log into the server properly..

i put more faith in nicehashes failure to communicate properly.. "maintenance and it might take longer than we thought" dont hold water.. something bad has happened and nicehash havnt got anything at all good to say otherwise they would have said it by now..

still i recon we will know more tomorrow.. nicehash cant keep quite for ever..

trog
 
trog100 said:
something bad has happened and nicehash havnt got anything at all good to say otherwise they would have said it by now..
Click to expand...

See, that's what I'm saying... that's just spreading FUD. There is absolutely no logical chain of reasoning there. Yes, it's *possible* that they haven't said anything because something bad has happened. But the inverse is not true. The fact that they haven't said anything doesn't in any way prove that something bad has happened. You've created a false dichotomy, saying that if they had something good to say they would have said it by now. There is a third possibility... one that actually *is* supported by facts: They are under extended maintenance, and they did say something... they said they're under extended maintenance.

No logical conclusion can be made at this time, other than to wait and see what their next comment on the matter is. Anything else is jumping to conclusions, and isn't based in any fact at all.
 
It's true by logical methods we can't say with certainity whats up. But it simply doesn't "smell good" so to speak.
 
R-T-B said:
It's true by logical methods we can't say with certainity whats up. But it simply doesn't "smell good" so to speak.
Click to expand...

exactly.. no news is bad news in this case.. if they have good news they have nothing to gain by keeping quite about it.. in fact they have everything to lose..

you need to wise up papa.. and bear in mind i am a big loser here.. bad news dosnt suit me but its what i see.. it would be a far happier bunny if i saw something different..

anyways i am assuming nicehash is dead.. what do i put my miners to.. they aint much use sat there doing bugger all.. he he

trog

ps.. a bit more info.. nicehash say they are "talking to authorities about the issue".. no definites but it does back up 56 million being nicked theory.. err.. a crime has been committed..

https://www.wikitribune.com/story/2...tocurrency-site-nicehash-may-be-hacked/26595/
 
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There's a few posts on their facebook page and apparently Twitter accounts but I've just copied this from one of the Facebook posts...

Three hours ago on Twitter: "Dear NiceHash users,
we are very sorry for the inconvenience caused. Our team is working hard to resolve the issues on the service, it might take longer than expected. We'll keep you updated!"
 
a tad out date phil.. read through the rest of this thread.. :)

we think its been hacked and 60 million nicked.. including my 4K f-cking stash.. he he

trog
 
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