Nicehash hacked for 60 Million USD... and now what?

paxmao

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Do not die for Putin

Quote from: QuintLeo on December 16, 2017, 03:43:16 PM

It's not possible. AFAIK, to "blacklist" a specific cryptocoin.

It's not like a serial number on a fiat bill where the serial number and the bill are always the same connected item.

Thank you for the info. I read somewhere that some bitcoins where blacklisted. I know that that would definetly not be possible with monero, sumocoin and other ALTs.

QuintLeo

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It's not possible. AFAIK, to "blacklist" a specific cryptocoin.

It's not like a serial number on a fiat bill where the serial number and the bill are always the same connected item.

gotminer

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Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

LOL ... You're a bit late to the party sir. This happened over a week ago.

baga105

sr. member

Activity: 362

Merit: 250

What if they use a mixer to mix BTC to and thorugh different adresses? How are the exchanges going to "follow" that? I mean if you mix for like 50 times or more..

Are they going to wait for I don't know.. 1 week or so to get those coins on the exchange?

paxmao

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Quote from: flip4flop on December 12, 2017, 08:02:16 AM

All he is saying is dont start a new thread if one already exists that covers and discusses this topic. It helps keep all the information in one place and help keep the duplicates post down in the forum. If everyone just logged in and created a post about Nichash without looking to see if something was posted the first 4 pages would just be Nicehash related and make the forum useless for everyone to read. Its not about a popularity contest just being a good steward and doing a little due diligence before creating a new post on a very popular topic.

I am just focusing on the effect for miners. Other threads are more generic of have a different perspective. Anyway, point taken. I will read first next time.

paxmao

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Quote from: QuintLeo on December 12, 2017, 03:51:47 PM

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

Nicehash did NOT "kill any opportunity of extra profit for miners", you just had to watch what was going on and understand how their service WORKED if you used it.

But with the service it was possible to direct lots of hashing to a coin, I mean, for example, a new coin is mineable and it has a great profit. Nicehash allowed to send lots of hasing a kill that profit very quickly??

Are there not lists of blacklisted bitcoins? I am asking, I just heard there are.

paxmao

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Quote from: cryptorTUX on December 12, 2017, 08:15:19 AM

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

From some news sources I can come to conclusion that there is no exchange on the planet earth that will consider those coins in that wallet as valid, if they put that wallet on the blacklist. Which really kills the point that nobody can cease your bitcoins as I've been told by some andreas on youtube. So in practice this is how it is people can say that they don't want to accept your payment as valid one whereas if I rob the banks I can use that that money to buy so bitcoin is not perfect money + it is slow and for rich people rich fees.

And what would happen if those bitcoins were transfered to other wallets? I mean, if someone like me would buy them in localbitcoins or similar?

QuintLeo

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Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

How can the bitcoin be "banned"?

The coin involved in the Mount Gox situation wasn't "banned" and that was a LOT MORE COIN involved.

Nicehash survival - hard to tell at this point.

Nicehash did NOT "kill any opportunity of extra profit for miners", you just had to watch what was going on and understand how their service WORKED if you used it.
For Scrypt in particular the last 2-3 months they were consistantly the most profitable option to mine with, other algorithms they varied a lot more.

Do also keep in mind that you didn't have to use THEIR SOFTWARE to mine with them, or ASIC algorithm mining on their service would not have been possible.

m1n1ngP4d4w4n

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CryptoLearner

Quote from: CryptoWatcher420 on December 06, 2017, 05:40:00 PM

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

you are late to the party man, people have already posted about it. what a useless post the op has made

If we had to count all the useless post.... never ending, so many noobs flooded the forum, so many useless/redundant topics.... I vote for a forum section for pro-users, that've been here for long, and recognized.... or to have at least a bit of seniority to be able to open new topics....

cryptorTUX

member

Activity: 238

Merit: 11

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

From some news sources I can come to conclusion that there is no exchange on the planet earth that will consider those coins in that wallet as valid, if they put that wallet on the blacklist. Which really kills the point that nobody can cease your bitcoins as I've been told by some andreas on youtube. So in practice this is how it is people can say that they don't want to accept your payment as valid one whereas if I rob the banks I can use that that money to buy so bitcoin is not perfect money + it is slow and for rich people rich fees.

flip4flop

full member

Activity: 378

Merit: 135

All he is saying is dont start a new thread if one already exists that covers and discusses this topic. It helps keep all the information in one place and help keep the duplicates post down in the forum. If everyone just logged in and created a post about Nichash without looking to see if something was posted the first 4 pages would just be Nicehash related and make the forum useless for everyone to read. Its not about a popularity contest just being a good steward and doing a little due diligence before creating a new post on a very popular topic.

paxmao

legendary

Activity: 2394

Merit: 1632

Do not die for Putin

Quote from: CryptoWatcher420 on December 06, 2017, 05:40:00 PM

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

you are late to the party man, people have already posted about it. what a useless post the op has made

Oh, you mean, that I should not post about Bitcoin because other people post about it? I am not in a popularity contest my friend.

paxmao

legendary

Activity: 2394

Merit: 1632

Do not die for Putin

Quote from: bathrobehero on December 06, 2017, 05:38:30 PM

You kind of missed an 'm' there in the title.

LOL that´s so true ... It kind of makes a little bit of a diference. In any case, are we better off without them? I think so.

GeePeeU

sr. member

Activity: 545

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ASK

Quote from: CryptoWatcher420 on December 06, 2017, 05:40:00 PM

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

you are late to the party man, people have already posted about it. what a useless post the op has made

Something tells me, there is many more to come.

CryptoWatcher420

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Activity: 462

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Small Time Miner, Rig Builder, Crypto Trader

Quote from: paxmao on December 06, 2017, 05:36:47 PM

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

you are late to the party man, people have already posted about it. what a useless post the op has made

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

You kind of missed an 'm' there in the title.

paxmao

legendary

Activity: 2394

Merit: 1632

Do not die for Putin

Just in case you did not hear the news... Will those bitcoins be banned? Will niceHash survive?

Frankly for me this service was really bad for miners. It killed any opportunity of extra profit for miners, so if it dissapears I would be happy.

Topic: Nicehash hacked for 60 Million USD... and now what? (Read 803 times)