Post
Topic
Board Mining (Altcoins)
Re: NiceHash hacked?
by
cpuspeed
on 08/12/2017, 03:54:15 UTC
rather than give part of the company away and raise funds let's just take the money we have to give to the customers and restart the service. They lost their money I am not sure why they keep saying it's our bitcoins they lost.

I get your point but It is technically our BTC they lost. Nicehash is under a moral and possibly legal obligation
to make it up to customers but those coins are gone. The legal ambiguity depends on whether they have a
disclaimer and whether it is enforceable in a court of law in the jurisdiction in which they operate.

It is also very unfortunate Nicehash had raised their minimum payout. That combined with the large increase in
BTC price means they were holding a lot more value at any given time making for a bigger target ragardless of
the timing.


Please explain this technically our BTC they lost?

From what I see from the BTC address fingered as the stolen BTC, the bulk of the BTC was in 5 transfers.  Four 1k BTC transfers and then a 622 BTC transfer.  Clearly these aren't transfers from miners accounts (whether those selling hash power or buying it).  Furthermore, if you sell your hashing power the unpaid balance isn't real BTC but Nicehash's own off chain BTC which is worthless.  I use nicehash legacy miner and yesterday it showed I had a balance but couldn't connect to nicehash servers.  So I still had a balance after Nicehash got robbed of THEIR BTC and before Nicehash turned off all the servers.

Now it appears Nicehash is claiming that people like me got robbed of our BTC.  BULLSHIT.  Nicehash robbed it after they shutdown the servers which is after they got robbed of THEIR BTC.