The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […]
Bitcoin News
Bitcoin Mining Marketplace NiceHash Back Online, Promises Users Money Back
The post Bitcoin Mining Marketplace NiceHash Back Online, Promises Users Money Back appeared first on CCNnEarlier this month, as CCN reported, Slovenia-based bitcoin mining marketplace NiceHash was successfully breached, resulting in the loss of about 4,700 Bitcoin, at the time worth million. Its users noticed that the marketplaces website had gone offline for an abnormally large period of time, before the company finally revealed it had been compromised. At &8230 ContinuednThe post Bitc
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NotNicehash is a Bitcoin Cash-only “Clone” of Nicehash
If there is one thing to take away from the Nicehash hack, it is how cryptocurrency mining marketplaces are very popular Although Nicehash successfully returned earlier this week, there’s a need for alternatives. One Bitcoin Cash community member has launched such a service, although it’s still in the early stages. Known as NotNicehash, it will be pretty interesting to see how this platform fares. The only accepted payment method for this platform is BCH, which isn’t a big surprise.
Imitation is often the most sincere form of flattery. In the case of cryptocurrency mining marketplaces, Notnicehash has certainly looked closely at competing services. The concept is almost identical, although the layout is very different. That is a good thing, mind you, although not everyone will be a fan of it. The bright colors certainly make things a lot clearer for everyone to see, though.
A Nicehash Clone to Promote Bitcoin Cash
The main reason this platform is created is to promote Bitcoin Cash. All payments need to be made in BCH. Payouts will occur on a daily basis, with BCH being the obvious main option. Given the success of Bitcoin Cash in recent months, such a platform can be quite profitable. For now, Notnicehash is still in closed beta. An official launch date has not been announced as of yet.
Whether or not people will show an interest in this Nicehash “clone”, remains to be seen. It is evident the BCH community wants to get more people excited about this currency. Moreover, plenty of people have mining farms they don’t use themselves. Being able to accept BCH payments is an option worth looking into. Especially for those people who believe Bitcoin Cash will eventually replace Bitcoin. The jury is still out on that front, yet it remains a possibility.
The big question is how Notnicehash will fare in terms of security. After all, Nicehash was hacked not too long ago. In the process, the company lost over m worth of customer funds. This money will eventually be refunded, yet it paints a worrisome picture as well. If this clone wants to avoid those issues, there may be a lot more work to be done. For now, we will have to wait and see if there is a genuine interest in the project. It would certainly help shake things up quite a bit.
Header image courtesy of Shutterstock
The post NotNicehash is a Bitcoin Cash-only “Clone” of Nicehash appeared first on NEWSBTC.
Nicehash Loses $70m Worth of Bitcoin Due to Security Breach
Cryptocurrency and related activities have attracted the attention of many cybercriminals. In most cases, these criminals go after exchange users or online wallet services. However, they will target any other service which stores Bitcoin balances at some point. In the case of Nicehash, a security breach took place this week, and its Bitcoin wallet has been emptied. This is another major blow for the Bitcoin ecosystem as a whole. Nicehash Hack is a Major Setback Most cryptocurrency users will have come across the Nicehash platform at some point. It was one of the first public marketplaces where anyone could buy and sell
BitNewz.net
Millions ‘stolen’ in NiceHash Bitcoin heist
“Highly professional” hackers made off with around 4,700 Bitcoin from a leading mining service, a Bitcoin exchange has said. The value of Bitcoin is currently extremely volatile, but at the time of writing, the amount stolen was worth approximately m. The hacked service was NiceHash, …
BitNewz.net
NiceHash CEO Confirms Bitcoin Theft Worth $78 Million
Cryptocurrency mining marketplace NiceHash has confirmed that yesterdays hack resulted in the loss of over 4,700 BTC.
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NiceHash CEO Confirms Bitcoin Theft Worth $78 Million
Cryptocurrency mining marketplace NiceHash has confirmed that yesterday’s hack resulted in the loss of over 4,700 BTC.
CoinDesk
Bitcoin Mining Marketplace NiceHash Hacked $62 Million Stolen
&8230nThe post Bitcoin Mining Marketplace NiceHash Hacked Million Stolen appeared first on CryptoCoinsNews.n
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NiceHash hacked Over $67m in Bitcoin stolen by hackers from cryptocurrency mining market
As cryptocurrency continues to grow exponentially in popularity and value, this isn’t the first time hackers have targeted a digital currency platform
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Mining Service Nicehash Hacked, $60 Million in User Funds Stolen
n Nicehash made an official statement today confirming it had been hacked, following social media posts by users who had noticed their Bitcoin balances all moving to a single wallet address.n
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