Home / Technology / Nicehash was hacked, potentially for up to $ 60 million in Bitcoin

Nicehash was hacked, potentially for up to $ 60 million in Bitcoin



Earlier today, Steam announced that it would no longer accept Bitcoin as a form of payment, since the transaction fees had become too large. With Bitcoin breaking the $ 10,000 mark, and currently with $ 1

3,400 (and rising), there is a lot of money at stake. The market limit for Bitcoin is over $ 225 billion today, and while many suspect that the cryptocurrency is experiencing a bubble, that is a big target for hackers and the like.

Yesterday I talked about the possibility of GPU prices going up, even though Bitcoin can not (effectively) be extracted with graphics cards, there are hundreds of alternative cryptocurrencies that can be, and services like Nicehash allow the People arrest the hash power in their GPUs and get paid directly in Bitcoin. If you used the service, I have bad news (with some light).

After a 12-hour service shutdown for "maintenance", Nicehash just announced that he was the victim of a security breach last night. It has stopped all services for the next 24 hours while it investigates, but thanks to the public chain of blocks, it is speculated that Nicehash could have lost more than 4,700 BTC, which are currently worth more than $ 63 million USD. Nicehash says he is working with the authorities, but the previous thefts of Bitcoin in general have not ended well (RIP, MtGox and several other sites). And if you used Nicehash, you should also change passwords that are the same as your Nicehash credentials.

What is the possible positive side of this ominous cloud? For players, miners who used Nicehash probably will not invest in more short-term GPUs. But that's just a fraction of all the miners, GPUs or otherwise: the larger mining farms probably have their own system to maximize profits. Whatever happens, keep in mind that cryptocurrencies are very similar to a digital Wild West.


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