Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday December 07, 2017

Mining Service Nicehash Hacked, $60 Million in User Funds Stolen

The mining service Nicehash was reportedly hacked, with over $60 million in funds stolen. Users report that funds have been moved from their own internal Nicehash Bitcoin addresses to a single Bitcoin address controlled by an unknown party.

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Nicehash isn’t a mining pool, per se. Rather, it’s a site that allows owners of mining equipment to rent out their hashpower to buyers. Sellers of hashpower find it convenient because they don’t have to spend as much time finding the most profitable coins to mine. Buyers are happy that they don’t have to buy expensive mining equipment for what may merely be a short but intense bout of mining.