Topic: POLL: Nicehash resuming operations - paying everyone back CONFIRMED - page 2. (Read 1228 times)

It looks like they are indeed coming back after all, just saw the tweet about it.
I am curious to see if anyone is going back after all, and why would anyone leave profitable pool mining to go back to a service
that hasn't said a word about any plan of action or anything, all of this time with regards to the supposedly insured user funds.

Nicehash should go offline. Its better for all.

people in masses are morons that's why there going back to using nicehash, if you don't know better then you cant do better lol
nicehash needs to just die the fuck out

I don’t think I will use nicehash again. I only used it when I first started for a few days as I read more and tried different pools and software to see what I liked the best.  I then moved off nicehash only mining enough to receive the layout I had left. Luckily I did that the week before the hack.  I do miss how easy it was to benchmark but there are other ways. I don’t think I would go back to Nicehash if they do come back.

well, I started with Nicehash and start learning about cryptomining with Nicehash software a lot. For newbies is defenitly good choice to start with no regarding what happened.
But they will defenetly be better after this.

I will turn around is obvious. If nicehash solved my loss

I am not out very much money as I had received payment about a week or so before the hack. I now have four small mining rigs running 24/7. I used Nicehash mainly because of how easy it was and I made a decent profit. I have kept all my investments in a wallet and had no plans of cashing anything out in the next year.  Also I like getting paid in bitcoin and man has that worked out well this year! I have used ccminer with some success before and since the Nicehash service went down. On Nicehash I always mined with the equihash algo since that was the most profitable for my cards. Currently I am mining electroneum and bitcoin gold now. Some of the issues I have experienced since losing access to Nicehash:  I believe I have lost some electroneum because the wallet is such a total pain. I ended up having to create a second wallet and I honestly still do not know where the file is stored. Deciding which pools to use is challenging and time consuming. Electroneum pools that I have tried are not the most stable and I don't like the idea of having to babysit something that I never gave a thought to before. I have now signed up for multiple exchanges so I can sell my new coins and buy bitcoin with the proceeds.

With all those considerations I think I will use a hybrid approach going forward. If I can find a nice stable and profitable pool I will keep some of my rigs running ccminer and the rest running Nicehash again.



https://www.cryptopia.co.nz/Register?referrer=begnme

Agreed... I recall my early mining in 2013-2014 and it was alot harder.

SO many good resources now on these forums / YouTube.

ETN seems looks like a good alternative to Monero (if one needs the cashflow as opposed to holding)

I was with nicehash for a very long time and so made a tragedy that happened to this pool as their own. I have not lost a lot of money, but I can say that I too was a victim of a hacker attack. I in any case will support nicehash and as soon as they restore my work I'll come back to them. I hope that this will be the last successful attack.

Yes, ill be back to nicehash, but with only one rig, and only to return my money back, if it would be possible

I've only used the service temporarily to get paid in BTC when it was increasing a lot a few weeks ago but it's always been better to mine using your own software/pool etc.

Personally I would not trust them again and will stick to mining Eth/Monero on Nanopool.

There is no need for nicehash in the miners community, newbies can use console miners with no problems now there is alot of how to videos and mining channels , also if miners returned back to nicehash everyday we will find pools fake hacks and the next day we are sorry and coming back to work, nicehash should be punished.

I still don’t understand why people are still going to go back to Nicehash even after the hack. It’s not incredibly difficult to mine and tune miners in the first place and you’re paying a whole lot in fees for a little convenience. Also disappointing that there are people out there mining that hardly know what coins they are mining, much less how to even use a miner like Claymore.

Agreed,
the rate at which the amount of information is multiplying (at least since 2016 when I started) about mining is massive.

Actually, it's much easier to mine now than when I started. Back in 2014 they're weren't many YouTube videos, tutorials on mining or dedicated mining OS's. Pools used to go down more frequently too. NiceHash is just for those that want plug-n-play mining and don't want to take the time to learn.

If they are able to refund me, sure I'll have a look again. If the profitability is there I'll give it a shot, as managing my rigs to find the best altcoin to mine does take up loads of time.

Although, mining altcoins right now is very profitable compared to what NH was. So the hack might have been a good thing.

the question without known variables is impossible to answer.

security fixes, planned opsec, payment options, reimbursement, fees, how profitable vs direct mining, will buyers show up in droves again?  all those will determine if it remains an option to point rigs at.

if they just start again with no words and our balances are all zero, hell no.

if they've put effort into new security protocols, pay people back(somehow), and offer a different payment structure where it's not just a massive growing target until friday morning every week. and buyers haven't been turned away then i'd check it out again.  some people have careers, wives, kids, houses.  where their rig farm was already a huge project to fit into limited time as it is. in times where profitability differences ARE negligible nicehash provides a service worth saving some more hours of very limited time.  

edit: i also don't think the answers of the 1 or 2 gpu miners using their gaming rigs matter. nicehash is worth it even more in that case because the earnings are so small any additional time sink is silly. answers for people with fairly serious operations are much more meaningful.  have to see how it all plays out.

I would hazard a guess, that older - frequent users of btalk are of the more advanced kind of miners.
740,000 registered users on the service (at least according to their claims) seems a ludicrous amount of people tbh.

Fortunately, I have never needed to mine with NiceHash and I don't think I'll start now