Update from Bitcoin’s Death Valley

Nine months into my Bitcoin Cloud Mining experience, I can tell you without a doubt that it’s turned into a real crock of shit. There is no other simple way to describe how off the rails all of this is going. Where to start? Well, difficulty is off the chart, and as such, the gross income from my 2 TB/2 of hashing is really low. Yesterday was 0.00007381 BTC or about 48 cents. As the Read The Full Story Here

Posted On :
bitcoin theft

NiceHash Hacked Possibly 62 Million in Bitcoin Stolen

If you even wondered if your bitcoins are truly secure, consider this story. It’s been reported today by Coindesk (and many others including most mainstream media sites) that Nicehash has been hacked. Nicehash is a mining marketplace matching together buyers and sellers of hashrate / processing. Their site and wallet were apparently hacked, and here is their statement: Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. Read The Full Story Here

Posted On :