Factors for Choosing a NiceHash Alternative 2fa Security But before we begin revealing our top picks lets cover some of the factors for considering an alternative. The good news is that these days there are quite a few NiceHash alternatives to pick and choose from. What makes us here at Crypto Miner Tips wonder is if this was, in fact, an inside job due the recent reports of a former NiceHash Co-Founder being arrested for another crime tied to millions of dollars stolen.Įver since the hack, many users of the platform have been on the hunt for a new platform they can fully trust. Other reports show that NiceHash has stopped the repayment process at 82% due to the fact that the company is running out of money to do so. NiceHash did, however, implement a repayment program, however, in 2020 the funds are still not fully repaid to those who suffered losses from the hack. This left NiceHash users who trusted the platform with their funds high and dry and little hope of recovering their lost funds. No one knows exactly how much bitcoin was stolen but analysts estimate it to be around 4700 BTC worth approximately 62 million USD at the time of the event. NiceHash reported that hackers had managed to execute a withdraw from the platform. However, that’s all changed since the platform was breached during the height of Bitcoins last bull run in late 2017. For many miners, this was a simple easy solution to making money with mining.
What made its marketplace so unique and popular was the ease of connecting buyers with sellers of hash power. NiceHash was launched in 2014 and for a long time was one of a kind marketplace for mining. Additionally, stick around to the end where we reveal our favorite one of them all.īut before we get started, we wanted to share with you the recent news about NiceHash which relates to why miners are looking elsewhere in the first place. So, for the purpose of this guide, we wanted to share with you our top recommended NiceHash alternatives and some key factors for choosing one as your preferred alternative to NiceHash. However, not all are viable solutions to mining cryptocurrencies.
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