Topic: Nicehash site is up... (Read 1937 times)

I think you can be very happy if you get fully reimbursed (without interest). IMO it's hard that it will happen. Another hack is more probable.

Checked out the repayment program - Here's what you're agreeing to:

Repayment program
×
By entering the NiceHash Repayment program you acknowledge that NiceHash will fully reimburse your old balance, without any interest, to your current balance in parts. You also agree with your old balance amount of 0.XXXXX BTC and once you enter the program NiceHash will not be able to change that amount.

Old balance will be reimbursed only in Bitcoin (BTC), without any interest, and not in the fiat value or any other cryptocurrency.

Enter repayment program

*Repayment program starts on Friday, February 2nd, 2018.
Disclaimer: By reimbursing of your old balance, NICEHASH d.o.o. does not, in any way or by any means, assume liability for the damages occurred because of NiceHash security breach on December 6, 2017.

It's always best to include the source link:

https://www.nicehash.com/news/nicehash-will-fully-reimburse-its-users

"The Repayment program will start on Friday, February 2, 2018, and will initially reimburse 10% of the old balance amount to all users that were impacted by the security breach.
We are committed to periodically repay the remaining amount to all users in the coming months."

No news from the scammers yet lol?

No news.

So any news on funds returning?

NH is convenient and convenience is something you have to pay for in Crypto. While the fees may seem small, over time they do add up. If you're trying to learn how to mine I still highly suggest learning the ropes with actual configuration and voltage, etc. You'll 'learn' as well as you would with Nicehash and you make more over longer periods of time.

No matter how you mine, ALWAYS regularly withdraw your earnings and keep them on an address whose key you own. You never know what can happen to your funds if you don't actually own them.

NH is a good place to start .... keep in mind that there is a HUGE surge of new miners since BTC went up. Few moths back everyone thought I was crazy but all of them are now want to know more about mining, trading, etc ...

As you said - keep learning and exploring new options ..... since you never know

I know people keep saying you're paying more in fees, but honestly, the fees are not high.  If you transfer to a coinbase account, there are not any fees other than the 2% that NH takes.

Comparing that to one of my rigs that is mining etn.  I'm paying 2% to the dev's to use xmr-stak, I'm paying 0.1% to SpacePool, I'm paying a fee when I transfer from my etn wallet to an exchange, I'm paying a fee to sell on the exchange, and I'm paying another fee to transfer from the exchange to coinbase.  Granted, some of those are very small fees, but they add up to more than 2%.

There is also the argument that you're losing out on profits in other ways, by using NH.  I agree that is the case sometimes.  There are cases when you mine a single coin for a couple of months and the value does a 2x or 3x or 10x or whatever.  

On the flip side, with NH, you're paying 2% flat and getting paid in BTC, which can go up or down in value just as easily.

And then there is the argument just maybe you shouldn't trust NH after the hack and that is a very valid one.  You can mitigate the risk by making sure you're withdrawing to coinbase as soon as your wallet hits 0.003btc.  I believe that is the min withdraw amount from a NH wallet anyway.

I certainly think beginners should be learning the ropes and learning how to mine singles and trade on some of the other exchanges outside of coin base, learn to manage other wallets, ect.  Coinbase and NH make it extremely easy to forget about all of that stuff, but knowledge is a powerful tool.  Look at all of the people who had no idea what to do when NH went down.  They had zero knowledge, no backup plan, nothing.

So use NH or don't use NH for whatever your reasons are, but no matter what, don't stop diving deeper and learning new things.  You'll thank yourself for it later.

 

Just got a .01 payout today.

 Given my current issues with both Bittrex and Poloniex, I'm seriously considering moving ALL my hash back to Nicehash - they have LESS of my money held up at this point and at least an ESTIMATED timeframe for payout on it.

Let me ask my magic 8 ball.

How is now mining on nicehash? Profitabilites are good?
What are you expecting with the funds return and the future security?

Yesterday I withdraw from Nicehash but not yet received (over 24h), why nicehash not pay for miners?
I have stopped all the devices.

Seems odd that 2016 was supposedly that low, I distincly remember having to go quite a bit higher than "sub $1" on transaction fees a year ago.

 Definitely nowhere near the $25 ballpark I saw for my only "holiday period" transaction THIS YEAR though - think it was more like $5 and THAT seemed high at the time.

And then some facts, median BTC transaction fees 2013-2017 (holiday season):

2013 $0.07
2014 $0.03
2015 $0.04
2016 $0.16
2017 $26

They wont get back to "normal" unless

1) Core is dumped, or
2) Core devs start delivering, I wouldn't hold my breath.

PS. I have said it before, Nicehash needs to contact Bitfinex (if they find a way how to do that). Bitfinex knows how to cover $60.000.000,00 of "stolen" funds in only 6 months.

Now already ex-CEO Marko Kobal walked out also as owner (Bitorious). Sold his share (45%) to some small company Fleming digital d.o.o. with 100% ownership of Aljosa Sokic and some to his co-owner H-Bit d.o.o. whose owner is Martin Skorjanc - father of the notorious "hacker" Matjaz Skorjanc. This is that guy who was arrested and served time in the past for some cyber crime for which CIA was chasing him or something. New CEO was named Zdravko Poljasevic. Google says that he was/is a CEO of Kreativni najemi d.o.o. - company that imports, sells, rents luxurious cars in Slovenia.

Fleming digital spent 175.000€ to become 35% owner.
H-Bit spent additional 50.000€ to gain 10%. Now they have invested all together 325.000€ and are 65% owner.

This information is official.

I would assume they will be taking their fees as they are back and running to start to get people''s funds back.  Gonna be a long road of recovery though unless they get some investors.  Hope the end result works out well for both the miners and for nh, I liked nh's service and would hate to see them dissappear.

Just reading article about nicehash company...they have new CEO and some small investor...they got 225.000€ more...still long way to cover their 65 milion loss...better start somewhere 

 Apparently not right now - and given how crazy-high transaction fees are right now, it actually makes some SENSE to hold off on the "once per week" balance payments - the transaction fee in some cases would bloody near EQUAL the transaction amount itself.

 This is USUAL for this time of year, transaction fees should start dropping anytime now and probably take 2 weeks to a month to get back down to "normal".

 This is also why I try to avoid buying stuff in December and early January with Bitcoin, the demand and number of transactions skyrockets causing high costs and LOTS of issues.