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nicehash has been down all day..

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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/

When you say "You need to wise up" what you're really saying is I need to adopt a pessimistic outlook and judge a situation purely on emotion without any facts. There isn't anything "wise" about that. Keep in mind, I am not saying that they didn't get hacked, or any other bad outcome. If I were saying definitively that that wasn't the case, I'd be naive. That would be a reason for me to "wise up." But I'm not saying that. All I'm saying is "We don't know yet." And anyone who claims otherwise is the one who needs to wise up.

You may very well be right. And I don't deny that at all. But to claim you know, when no facts are known at this time, is foolish.

As for wikitribune, I've not seen any statement from NiceHash that indicates that's true. So I'll file that under more FUD.
 

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Apologises Trog just got in from work and just noticed the thread.. Whatever is going on, if it continues to stay down I'll just keep mining the ETC so I can get that paid out and then worry about the rest of it :)
 
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When you say "You need to wise up" what you're really saying is I need to adopt a pessimistic outlook and judge a situation purely on emotion without any facts.

But it isn't really a emotional judgement call when you consider the negative press that being silent creates and always has created in the crypto world. There is absolutely no positive reason to remain silent if you have any news other than bad.

It's stood the test of time crypto wise: If they're being silent, something is up.

Is it certain? No. But it's seldom wrong.
 
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Wow, I was going to start using nicehash. I got a nice shipment of 1080s yesterday, I cant really use those to mine ethereum.
 

dorsetknob

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Dorset where else eh? >>> Thats ENGLAND<<<
yotano211
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Wow, I was going to start using nicehash. I got a nice shipment of 1080s yesterday, I cant really use those to mine ethereum.

minergate, or sign up for a zcash pool or similar and just manually exchange.
 

fullinfusion

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A little slow to the punch man.
Posting here yes, knowing about it no.. I can't be staring at my cell all day waiting for new threads but was curious how long before someone actually posted it ;)

Remember I don't get my news here anymore..sorry, I mean rely on news here anymore..
 
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this thread is pure speculation.. all we know is what hicehash has tweeted.. this is quite clearly a lie.. or not true.. fud or whatever else folks want to call it..

papa might say we dont know its a lie for sure but to me it is..

its big news or will be when it makes the mainstream so far what we know seems semi secret inside information..

and i do hope i aint 4K f-cking down.. he he

apart from that its all interesting stuff.. :)

trog
 
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I think they might have been hacked in some way or another. They said they will work with authorities on this.
 
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They where hacked, dammit I lost about .25 cents.
 
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Yep that's pretty much worst case scenario now that it's 100% confirmed by them in the press release. For sure it's something that non-tech big news outlets will pickup on also with the hot topic that Bitcoin has been lately.
 
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minergate, or sign up for a zcash pool or similar and just manually exchange.
Is minergate like nicehash, in that they will find the most profitable coin.
I have never heard of them.
 
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Is minergate like nicehash, in that they will find the most profitable coin.
I have never heard of them.

I'm just regurgitating info from the crypto thread, but I think so yes.
 
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Is minergate like nicehash, in that they will find the most profitable coin.
I have never heard of them.
Yes. It's a little different because you get paid in the coin you mined. It's basically automated pool mining. I'd recommend using the console, as the GUI gets slightly slower hashrate. I also don't do smart mining, simply because I don't want a bunch of random coins that I'll have to exchange. I'm mining zcash at the moment because it's still the most profitable. But if you do it that way, you have to do your own legwork to determine what to mine on any given day. Zcash is a safe bet at the moment though.
 
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Yes. It's a little different because you get paid in the coin you mined. It's basically automated pool mining. I'd recommend using the console, as the GUI gets slightly slower hashrate. I also don't do smart mining, simply because I don't want a bunch of random coins that I'll have to exchange. I'm mining zcash at the moment because it's still the most profitable. But if you do it that way, you have to do your own legwork to determine what to mine on any given day. Zcash is a safe bet at the moment though.
I will have to get some new wallet address for some coins that I mine. I have lots of new 1080s, I think those are the best for zcash.
 
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"Dear NiceHash users!

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.

Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency.

We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity.

We would not exist without our devoted buyers and miners all around the globe. We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service. We will endeavour to update you at regular intervals.

While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords.

We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible."

trog
 

hat

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I had around $130 worth of btc due to be paid to my coinbase acct this Friday... That's probably gone too :\
 

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Same here Hat, luckly that wasn't all of it for us...
 
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I'm going to be posting a guide on safe/easy bitcoin coin management and storage soon. Today or tomorrow. Should be handy for novices.
 
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i need a guide on alternatives to nicehash.. :)

i havnt a clue what this minergate thing is doing or where its putting what its mining.. just my desktop two 1070 card machine running this.. mining ether..

what is PPLNS as a method of payment.. ??

the GPUs are working so i assume its doing something..

i need to start to get some of my 4K loss back.. he he..




trog
 
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Swapped to minergate , I use coinbase for short holding ill be investing in a paper wallet though

Im new ish to minergate too but it's not bad at picking algos ,run the bench then automine picks best payer , xrm monero apparently for everything I've been trying.

Dunno about this ,but i do know that you Need to set the intensity of mining per card 4 is max default seams to be 2.
 
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i need a guide on alternatives to nicehash.. :)

i havnt a clue what this minergate thing is doing or where its putting what its mining.. just my desktop two 1070 card machine running this.. mining ether..

what is PPLNS as a method of payment.. ??

the GPUs are working so i assume its doing something..

i need to start to get some of my 4K loss back.. he he..




trog

Open your account on the web page (should be a link to it under menu) and you will see the more granular stats like nicehash has. It's not nearly as instant as nicehash though, so give it some time. You are mining ETH with the MinerGate pool (you can actually use a pool of your choosing if you use the console.) And you will get paid in ETH (not bitcoin like nicehash, so you'll have to trade if you want BTC) when the pool finishes the block and it's verified. PPLNS is "Pay Per Last Nth Shares." I'm not 100% sure of the technicalities behind it, but the effect is sometimes you'll get paid a little more, sometimes a little less. MinerGate recommends this, as on average it pays 5% more. The alternative is PPS which is "Pay Per Share" and you'll get paid the exact worth of your shares. As I said, not much detail behind why (not that I know, anyway) but PPLNS works fine. Something to do with the pool as a whole, as opposed to your solo mining capabilities.

So this isn't exactly like nicehash, because with that you're getting paid in BTC by people who rent mining time. With MinerGate, it's basically automated pool mining. Same as if you joined a pool and manually mined ether, but easier to set up. They do charge a slightly higher fee than most pools for the courtesy. Of course you'd make more setting it up manually and joining a pool, but MinerGate makes it easy for the "push button, get money" crowd, just like Nicehash.

EDIT: Just remember to send your coins to cold storage on a regular basis... MinerGate is just as susceptible as NiceHash to bad stuff...
 
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Thanks @dorsetknob I was going to do mention the cryptokitties thing too :) beat me to it by a long shot

need to find my old log on for coin and see where I am at.
 
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i need a guide on alternatives to nicehash.. :)

i havnt a clue what this minergate thing is doing or where its putting what its mining.. just my desktop two 1070 card machine running this.. mining ether..

what is PPLNS as a method of payment.. ??

the GPUs are working so i assume its doing something..

i need to start to get some of my 4K loss back.. he he..




trog

Some advice for changing all this to btc: a good crypto exchange is shapeshift.io
 
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