Mining platform Nicehash hacked - 56 Million USD Bitcoinwallet reportedly empty

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Dec 6, 2017.

  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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  2. Agonist

    Agonist Ancient Guru

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    HAHAHAHAHAHHA, been waiting for something like this to happen.

    No sympathy here. You should see the amount of CPU mining people are doing for uploaders of compressed torrents of games. They can buy a $7k cpu to cpu mine, but not games. Brings back the whole 2007 Crysis piracy reasoning crap.
     
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  3. mbk1969

    mbk1969 Ancient Guru

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    I wonder whether this will stop the hype for videocards...
     
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  4. schmidtbag

    schmidtbag Ancient Guru

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    Oh well! What a shame! :rolleyes:

    I have no sympathy.
     
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  5. kruno

    kruno Master Guru

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    This news brings some weird deejay-vi ,something along this lines :
    :):):)
     
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  6. WalterDasTrevas

    WalterDasTrevas Member Guru

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    I can only laugh a lot! "I'M A MILLIONAIRE! WTF? Where's my invisible money?" lol
     
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  7. CrazY_Milojko

    CrazY_Milojko Ancient Guru

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    Bitcoin value has gone over $13K atm, WTF WTH DEAR JEASUS CHRIST WHAT IS GOING ON HERE!? Will this criptomining bubble ever going to burst?

    Last week friend of mine asked me to help him build a mining rig and I refused: "...now listen very carefully...I shall say this only once...:
    [​IMG] "

    edit
    GPU prices (mid-range and up) are sky-high here in Serbia for a quite a while thanks to greedy retailers and of course greedy goverment and their 20% VAT + on the top of that retailers are charging extra cash for GPU's thanks to this mining craze, doesn't matter if you're a miner or a gamer. Now after seeing this Bitcoin madness going even higher I really don't know what to think anymore.
     
    Last edited: Dec 6, 2017
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  8. D3M1G0D

    D3M1G0D Ancient Guru

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    Hacking is not unheard of in the cryptocurrency world - this is just the latest. Bitcoin will keep on rolling, at $13K right now.

    Videocards are not used to mine Bitcoin (ASICs are the only profitable way to mine BTC). GPUs are used to mine Ethereum and other cryptocurrencies, not Bitcoin.
     
  9. Alessio1989

    Alessio1989 Ancient Guru

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  10. RzrTrek

    RzrTrek Ancient Guru

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  11. Noisiv

    Noisiv Ancient Guru

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    Something is fishy here. $56M... is that how much ppl kept at nicehash. Weird...
    Who the F keeps his wallet at some website???

    Nicehash is multi mining pool, no?
    You mine, and as soon as you reach required quota, you immediately convert to BTC and send to your (insanely well) secured BTC wallet. ESPECIALLY(!) when btc is going up.
    OR...
    If you wanna play with your mined mickeymouse coins, you send them to their mickeymouse wallets. But you DONT KEEP THEM ON THE WEBSITE LMAO
    protip; always assume worst :cool: :cool:

    PS: All this reminded me to check my backup wallet...;)
     
  12. Stormyandcold

    Stormyandcold Ancient Guru

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    Yeah, I've read of a few cases last year I think.

    This is the risk they take. Ok, people CAN empty your bank account using deception, but, it's rare to see a whole bank get emptied, which is kinda what's happened here.
     
  13. icedman

    icedman Maha Guru

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    This is great news make mining look as bad as possible
     
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  14. 0blivious

    0blivious Ancient Guru

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    I guess that's the problem with your unregulated currencies. No FDIC backing. You're just hosed.

    I still say buy stocks. It's a tried and true way to make mountains of cash, especially if you take risks, which miners already do. Mining is just lazy and bad for the planet. :p
     
  15. schmidtbag

    schmidtbag Ancient Guru

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    Seeing as FDIC is (to my understanding) an American-only agency and Bitcoin is a global currency, what you said doesn't really apply. But, I take your point.

    The main issue with Bitcoin is there isn't anything tangible behind it. Sure, it's finite, which definitely helps with its value. But in the event something like this hack happens, there's nothing to back it up.
     

  16. Vehicon

    Vehicon Active Member

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    Im glad i sold my 3 when they just broke $10,000 :)
     
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  17. RedSquirrel

    RedSquirrel Active Member

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    Such secure, very wallet.
     
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  18. Sixtyfps

    Sixtyfps Member Guru

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    I don't feel sorry for these people who lost money. I really don't like the idea of digital currency at all. I hope it crashes and fails because i believe it the end of our modern civilization.
     
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  19. sverek

    sverek Ancient Guru

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    People give too much hate toward cryptocurrency.

    We have to experiment it. There so much society can learn from it.
    What our future currency should be?
    Would it be possible to have global currency?

    This is not a cheap experiment, and lots of people consume electricity for it. But they just haste it, means we should know result soon(tm).

    Just because it's too confusing for you, doesn't mean you have to reject it.
     
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  20. user1

    user1 Ancient Guru

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    well i certainly think bitcoin at least deserves criticism, that experiment has arguably out lived its usefulness,

    I do however agree that the block chain tech behind it is very valuable and may end up being a major software innovation that will have lasting impact that will last decades or longer.
     
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