nicehash has been down all day..

R-T-B · Dec 8, 2017

fullinfusion said:
And my posts are being deleted

What was wrong with a comment about a possible government hack?

PM me MOD and explain why

The government had nothing to do with this (they couldn't care less about mining wallets), but I am still unsure why speculation is being deleted.

They do however care about fraud, and will likely be investigating this.

fullinfusion · Dec 8, 2017

R-T-B said:
The government had nothing to do with this (they couldn't care less about mining wallets), but I am still unsure why speculation is being deleted.

They do however care about fraud, and will likely be investigating this.

think again, GOVERNMENT = TAX dollars.... they have ppl making money hand over fist and you think they don't care?

Think again friend

R-T-B · Dec 8, 2017

fullinfusion said:
think again, GOVERNMENT = TAX dollars.... they have ppl making money hand over fist and you think they don't care?

Think again friend

They have all the major exchanges (coinbase and the like) forking over the data at the point of exchange, so they know anyways.

At least in the US, money transmitter licensing regulations ensure that they do know.

erocker · Dec 8, 2017

fullinfusion said:
And my posts are being deleted

What was wrong with a comment about a possible government hack?

PM me MOD and explain why

I took the time to scour through the entire thread and there is not a single deleted post from you in here.

dozenfury · Dec 8, 2017

The live stream was pretty useless. They added nothing, and it seemed more to be done just because 24 hours ago they said they'd be down 24 hours. Since they aren't back up yet they were kind of obligated to say something, and about the only info was that they will be down for days (giving them more time). Maybe it was a real hack, but to me as someone in IT the whole thing seems all kinds of shady. Getting 1 engineers password allowed them to withdrawl $60M unquestioned with no approvals or stopgaps? Also in the update they said "your" money when I agree with the earlier poster. It was Nicehash's money that was stolen technically, not users. The insinuation from NH is that it was ALL of Nicehash's money, and they now have no ability to pay what they owe users. I have a hard time believing all of their cash was online in wallets. And if that really was all of their money which could be completely emptied with engineer-level credentials that's a level of incompetence that raises lots of eyebrows. This was like a bank manager sticking a suitcase (well more like truckload) of cash by the front door for his totally-not-buddy to steal and then complaining about being robbed.

Final_Fighter · Dec 8, 2017

its to bad they cant do what the ethereum network did and just roll back before the heist so that its like it never happened.

yotano211 · Dec 8, 2017

trog100 said:
yes i just watched it.. they say they want to get up and running again.. techically i dont see hackers stealing my money i see hackers stealing nicehashes money..

the way i see it legally nicehash still owe me money and will claim they cannot pay me because the money they were going to pay me with has been stolen.. i dont see how they can get back up and running again if they still owe people loads of money..

they did use the words.. help us get your money back.. help them get their money back would be more correct.. least i think it would..

the way i think it works is.. nice keep a load of bitcoin online.. the likes of me have a wallet address.. every day (morning) nicehash moves money from its central stash to individual users wallets.. it takes up to two hours each day for them to finish doing this..

what seems to have happened is hackers got into the system about 1 am.. they then moved all the money intended for the next mornings payout into their own wallet address..

all very neat and seemingly too f-cking easy..

trog

There is still some money going into that btc wallet today.

fullinfusion · Dec 8, 2017

erocker said:
I took the time to scour through the entire thread and there is not a single deleted post from you in here.

then it's my connection... I owe you one and sorry to have bothered you about it friend :oops:

chaosmassive · Dec 8, 2017

this is why I mining use miner (ETH claymore), and got paid out directly into my personal wallet
rather than using some 3rd party program in order to mine

R-T-B · Dec 8, 2017

dozenfury said:
I have a hard time believing all of their cash was online in wallets.

I too find it incredibly stupid if they kept that much in hot wallets.

It's either a lie, or a criminal level of ignorance.

Space Lynx · Dec 8, 2017

I'm considering buying some IOTA or Ripple coin. Not sure, I think the get rich quick days are done, Monero I predicted would go from $50 to $300 finally got to 300 this week... I am not sure if it has peaked or not yet though honestly... regardless... dropping $300 for one coin is no fun... so I am goingto toss the dice, on IOTA I think.

Ithanul · Dec 8, 2017

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.

Agree, I will soon to be getting one of those nice USB hardware wallets.

Papahyooie · Dec 8, 2017

R-T-B said:
I too find it incredibly stupid if they kept that much in hot wallets.

It's either a lie, or a criminal level of ignorance.

A "hot" wallet in this case doesn't really mean anything. Their software had to be moving all of this bitcoin around, which means the wallet's private key had to be stored somewhere. If they kept all of it in a paper wallet for example, they'd have to manually move money into and out of it for thousands, probably more like millions of transactions. Once the hacker got hold of the private key (or if the owner got greedy) it'd be easy to transfer the coin.

Hopefully someone will be watching that hacker's wallet for any transactions that might have personally identifiable information attached, and send some large Italian men with baseball bats.

Space Lynx · Dec 8, 2017

Papahyooie said:
A "hot" wallet in this case doesn't really mean anything. Their software had to be moving all of this bitcoin around, which means the wallet's private key had to be stored somewhere. If they kept all of it in a paper wallet for example, they'd have to manually move money into and out of it for thousands, probably more like millions of transactions. Once the hacker got hold of the private key (or if the owner got greedy) it'd be easy to transfer the coin.

Hopefully someone will be watching that hacker's wallet for any transactions that might have personally identifiable information attached, and send some large Italian men with baseball bats.

I am surprised more owners don't steal everything from everyones wallets, transfer it to Monero and just vanish to a non-extradition country. lol

R-T-B · Dec 8, 2017

Papahyooie said:
A "hot" wallet in this case doesn't really mean anything. Their software had to be moving all of this bitcoin around, which means the wallet's private key had to be stored somewhere. If they kept all of it in a paper wallet for example, they'd have to manually move money into and out of it for thousands, probably more like millions of transactions. Once the hacker got hold of the private key (or if the owner got greedy) it'd be easy to transfer the coin.

Hopefully someone will be watching that hacker's wallet for any transactions that might have personally identifiable information attached, and send some large Italian men with baseball bats.

You only need a percentage of funds hot in most cases though. That's how coinbase operates, as an example.

send some large Italian men with baseball bats.

I'd prefer INTERPOL to apply some coercion to get the private key back, rather than you know, potentially killing the guy.

lynx29 said:
I am surprised more owners don't steal everything from everyones wallets, transfer it to Monero and just vanish to a non-extradition country. lol

They likely will. That's usually what happens, sadly.

But still, it's amazing more pool owners don't do this, yes. The crypto community is actually pretty amazingly trustworthy all things considered. It's a weird slice of humanity.

Papahyooie · Dec 8, 2017

I agree on all counts, RTB.

I can't imagine why the owner of NiceHash would have walked off with a measly 60 million (or whatever it was) when he stands to take a chunk out of every single nicehash miner's profit from here to the end of crypto. What he would make off with is pennies compared to what he'd make over time. Plus the fact that they're still around and planning on rebuilding, rather than completely disappeared, suggests to me that it was indeed a hacker and not the owners.

If they do come back, I bet they don't let it happen again...

johnspack · Dec 8, 2017

Small potatoes. I bet this is just a test. It worked. Next one will be much bigger......

trog100 · Dec 8, 2017

a screenshot of my sad story.. taken a couple of days before the claimed hack.. the 3.5 k figure would now be close to 6.k..

most of my mining gains have been simply from BTC going up in price..

i have some kind of proof that nicehash owes me money.. i would imagine many do not..

trog

hat · Dec 8, 2017

I hope they get it together soon... need to start mining again. It may not have been much but that missing $130 I was set to receive is... well... missed. It could have helped out a lot.

Jetster · Dec 8, 2017

R-T-B said:
The government had nothing to do with this (they couldn't care less about mining wallets), but I am still unsure why speculation is being deleted.

They do however care about fraud, and will likely be investigating this.

It's not backed by the Government or insured. The only investigation will be by a private firm to try to recover there loss. It's the wild west

Divide Overflow · Dec 8, 2017

Jetster said:
It's not backed by the Government or insured. The only investigation will be by a private firm to try to recover there loss. It's the wild west

This. There's no contract or guarantee from NiceHash for any "work" done with them. It's good faith only. Zero regulation has it's rewards, and it's risks.

R-T-B · Dec 8, 2017

Jetster said:
It's not backed by the Government or insured. The only investigation will be by a private firm to try to recover there loss. It's the wild west

It's still fraud, which is a crime, and will be treated as such.

You guys act like Mt Gox wasn't investigated. Bitcoin was worth WAY LESS then.

trog100 · Dec 8, 2017

hat said:
I hope they get it together soon... need to start mining again. It may not have been much but that missing $130 I was set to receive is... well... missed. It could have helped out a lot.

i swapped over to minergate hat.. i am just mining ether on its own nothing complicated..

i recon i am pulling in over $30 dollars per day (about 45 dollars so far).. maybe a tad more.. with two cards i recon you would be getting 1/5 of that.. say 6 dollars per day.. more than you were getting on nicehash..

just download the minergate software install it and you are up and running again in minutes.. just turn the hicehash miner off..

i can help you along if you hit snags i dont think you will though..

trog

ps.. i also have my ledger blue hardware wallet up and running.. so fingers crossed no more big theft losses.. i am just about over my big hurt.. he he

Papahyooie · Dec 8, 2017

Since both this thread and the "Riding the Crypto Wave" thread are dealing with the same things at the moment, I'm just going to link a thread I just wrote in that one so everyone sees it. Discuss this post in that other thread.

https://www.techpowerup.com/forums/threads/riding-the-crypto-wave.233884/page-75#post-3766327

cdawall · Dec 9, 2017

I am just going to say this once, I did nicehash because I felt lazy and profits fell into a range of acceptable. I have a decent hashrate myself, but those of you doing a lazy autopool idea really should just set a couple miners up and be ready to flip

This is a good bit more profitable than I could do elsewhere. Something like $130-160 a day.

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nicehash has been down all day..

R-T-B

fullinfusion

Vanguard Beta Tester

R-T-B

erocker

*

dozenfury

Final_Fighter

yotano211

fullinfusion

Vanguard Beta Tester

chaosmassive

R-T-B

Space Lynx

Astronaut

Ithanul

Papahyooie

Space Lynx

Astronaut

R-T-B

Papahyooie

johnspack

Here For Good!

trog100

hat

Enthusiast

Jetster

Divide Overflow

R-T-B

trog100

Papahyooie

cdawall

where the hell are my stars

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