Nicehash got hacked

[yotano211]

you can kiss all of your nicehash profits goodbye, nicehash was hacked today.

https://twitter.com/NiceHashMining/

[GreenBean]

Blimey

[yotano211]

I have heard nicehash might have lost upwards of $40-50 million worth of coins. I lost .25 cents.

[yotano211]

Here is a picture of all nicehash's coins being stolen

https://pbs.twimg.com/media/DQZBD6tUIAES7wW.jpg

[yotano211]

wallet address, it has about 64 million worth in bitcoin, btc

https://bitinfocharts.com/bitcoin/ad...h6H4t6jh1mB4rq

[slokor]

Last I heard they lost over $78 Million.
Anyone here invested with them?

[yotano211]

Originally Posted by slokor

Last I heard they lost over $78 Million.
Anyone here invested with them?

It was around $68 million value when it happened. I think now the value might be over $78m at current value.

[duffrageous]

A friend suggested that it was just the owners lining their own pockets. I don't care to make a judgement either way, but I hope they release details of the hack to prevent it from happening again.

[nate]

This hack worked out for those of us that set up our own miners to run algo's. There has been a lot less hash power out there to compete with as miners that dont know how to mine without nice hash try to figure out what to do.

I've been making $45-50 a day running cryptonight algo mining ETN. I've been watching the hash power slowly rise back up as these nice hash miners find there way back into regular pool mining.

Hopefully today will be another $50 day...

[slokor]

Originally Posted by duffrageous

A friend suggested that it was just the owners lining their own pockets. I don't care to make a judgement either way, but I hope they release details of the hack to prevent it from happening again.

I was thinking the same thing.
That is always a possibility and if so would be difficult to prove I suppose.

[littleredengine07]

Technically you should never ever keep anything on third party platform. Earnings should always be cashed out right away.

Its like handing a stranger money and tell him to hold onto it. Cashout always to wallet. Tons of good examples out there why you should never hold your coins at a third party platform site.

[littleredengine07]

There are so many wallets to use

1. Blockchain.io
2. Jaxx Wallet
3. Electrum wallet
4. Bread Wallet

I would use blockchain.io for BTC and Jaxx for alt crypto. If the blockchain goes down. Then BTC would be worthless.

[wooha]

Cold storage and offline wallets - why anyone would leave anything more than a coin on any online wallets for the long term is just plain stupidity.

Nicehash had what, daily or weekly payouts anyway right? Why anyone would keep the money there and not disperse it automatically is also baffling...

[MM78]

I like how at the very bottom they didn't even leave a measly $132.17 behind! lol.

[duffrageous]

Waiting for coinbase or a major exchange to be next. If it happened to coinbase, it probably wouldn't affect their growth much.

[aspkin]

Originally Posted by duffrageous

Waiting for coinbase or a major exchange to be next. If it happened to coinbase, it probably wouldn't affect their growth much.

Most of coinbase's assets are in cold storage. Some small percentage is available for daily business otherwise money is safe.

[duffrageous]

Aren't all their assets on Gdax? When someone puts in a buy order or sell order, isn't it moved to Gdax and then filled?

[Play]

Originally Posted by duffrageous

Aren't all their assets on Gdax? When someone puts in a buy order or sell order, isn't it moved to Gdax and then filled?

That's if you choose to move your funds over to GDAX - their exchange platform.

Otherwise you can store it in your coinbase wallet.

You can even manually transfer all your funds into coinbase vault - cold storage. (Google for more info).

But if you're a long term investor, i'd strongly suggest holding around 50% in a hardware wallet like Trezor, and the other 50% in a cold storage.

I say 50/50 because I've read an article where a chap forgot his Trezor pin...

[newjerseymax]

Originally Posted by Play

That's if you choose to move your funds over to GDAX - their exchange platform.

Otherwise you can store it in your coinbase wallet.

You can even manually transfer all your funds into coinbase vault - cold storage. (Google for more info).

But if you're a long term investor, i'd strongly suggest holding around 50% in a hardware wallet like Trezor, and the other 50% in a cold storage.

I say 50/50 because I've read an article where a chap forgot his Trezor pin...

I read that article too. He eventually got it unlocked due to security flaw update and he has not updated software. He was able to use the announced weakness to get in. Took him months from my understanding.

[Play]

Originally Posted by newjerseymax

I read that article too. He eventually got it unlocked due to security flaw update and he has not updated software. He was able to use the announced weakness to get in. Took him months from my understanding.

He was very lucky to have got his money back, by doing something that could of inadvertently erased his trezor (and therefore Bitcoins).

If anyone is interested in giving it a read...
‘I Forgot My PIN’: An Epic Tale of Losing $30,000 in Bitcoin
https://www.wired.com/story/i-forgot...00-in-bitcoin/

[duffrageous]

Looks like coinbase sources their coins from other customers like an exchange, GDAX, other exchanges, and whatever vault they have. There is still a fair amount of coins that someone could get access to that are online for a period of time.
https://www.reddit.com/r/Bitcoin/com...nbase_get_the/

[Elifkhan]

wallet address, it has about 64 million worth in bitcoin, btc

https://bitinfocharts.com/bitcoin/ad...h6H4t6jh1mB4rq