Post
Topic
Board Mining (Altcoins)
Re: Stupidy of nicehash.
by
batsonxl
on 23/11/2024, 11:34:24 UTC
I went ahead and KYC’d to continue using NiceHash. I never thought I would because I don’t agree with it, but my house is cold and I need the heat. My GPU operation isn’t massively profitable or anything so taxes isn’t really a concern there. Mostly I just don’t agree with KYC but that’s where the industry is headed. Might as well get on board now.
I will always find any other service, but I will never give my data to mining services.
https://bitcointalk.org/index.php?topic=5457533
https://bitcointalk.org/index.php?topic=5516906.msg64709293#msg64709293

Totally understandable. I wouldn’t either if I were running a serious mining operation and using them for it. Right now it’s just a way to heat my house. I seriously doubt there are any tax implications from what I’m doing currently. If I ever upgrade to a more serious setup I’ll find a new pool for sure.
If we support mining services with KYC, they will all be like this soon. These companies should see that if they use KYC, they lose a lot of customers, even if they are miners with a very small number of graphics cards or asics.
Agree with you, i stopped using nicehell service after kyc.