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NiceHash Hacked, $62 Million of Bitcoin May Be Stolen (reddit.com)
New submitter Chir breaks the news to us that the NiceHash crypto-mining marketplace has been hacked. The crypto mining pool broke the news on Reddit, where users suggest that as many as 4,736.42 BTC -- an amount worth more than $62 million at current prices -- has been stolen. The NiceHash team is urging users to change their online passwords as a result of the breach and theft.
Well I "lost" 125 dollars there, but in reality I lost about 50 bucks which was how much the electricity bill for the miner will cost me.
If this would have happened Saturday, my losses would have been zero.
No biggie, only now I have to find another simple to use miner.
...gis sdrawkcab (usually not responding to ACs; don't bother posting as AC)
On NiceHash, you mine hashes that are in turn sold to others for the purpose of minting new coins (and/or more sophisticated/creative purposes). NiceHash automatically selects an in-demand and valuable hash type for your system to calculate so that you can send the results back to NiceHash for sale, and you get rewarded on a regular schedule for your recent calculations. NiceHash won't assign your GPU/CPU to calculate hashes for Bitcoin, because that wouldn't pay. It will assign you hash types associated with hot altcoins, similar to what you'll see at the top of the chart a on whattomine.
When mining for them, you can let it collect earned BTC payments in a virtual wallet until you 'withdraw' it, paying a fixed transaction fee that is the lowest once you have 0.15 of BTC -- about $2000.
Alternatively, you can let them pay a real external wallet directly, but you have to pay extra fees, will be paid less often, and some of the stats on their web page don't work as well. They talk about sending 1000 BTC or so every Friday which is probably to external wallets only.
They also accept bitcoin payments to purchase hashing power. Hopefully, they have just lost a wallet for handling some types of transactions and they have a lot more BTC offline somewhere to cover their internal wallets they pretty much force you to use.