NiceHash Will Initiate Reimbursements to Users Starting February 2nd

31 Jan
2018

NiceHash has announced its plans to start reimbursing all users that were affected by the security breach that happened on December 6th last year starting this Friday, February 2nd. The NiceHash Repayment Program will initially reimburse 10% of the old balance amount to all users that were impacted by the security breach. NiceHash will continue to periodically repay the remaining amount to all users in the coming months untill the full amount from the old balances is paid back. The old balance will be repaid in Bitcoins (BTC) and not in the fiat value or any other cryptocurrency…

Repayment program for internal wallet users
Users that were registered on the NiceHash platform before December 6, 2017 can log in to their account and can see their old balance tab under the Wallet section on their Dashboard. The old balance shows the total amount of Bitcoins (BTC) that users had on their wallet address prior to the attack. This balance will be fully reimbursed by NiceHash to users current balances, starting with the initial ten percent of the total amount on Friday, February 2, 2018. Registered users should enter the Repayment program by clicking the “Enter repayment program” button on their Dashboard. Users will be notified about all future payments in advance.

Repayment program for external wallet users
Users who were not registered with NiceHash at the time of the attack and were using the NiceHash service with their external wallet address will also be reimbursed in the same way as internal wallet users. External wallet users can go to the following page and enter their external wallet address (that they were using at the time of the attack) to see their old balance. This balance will be fully reimbursed by NiceHash to users external wallet addresses, starting with the initial ten percent of the total amount on Friday, February 2, 2018. Users will also be able to monitor repayment progress on the miner page.

Conditions for payment to external wallet addresses do apply with the Repayment program. When you reach 0.01 BTC you are eligible for payment. NiceHash will include your old balance in this amount. For example, if your old balance (that is going to be reimbursed) is 0.009 BTC, you still have to mine an additional 0.001 BTC to this external wallet address so you reach 0.01 BTC in total. Once the combined balance shows 0.01 BTC, payment will be made to your external wallet address.



Other Similar Publications:

2 Responses to NiceHash Will Initiate Reimbursements to Users Starting February 2nd

Boldar

January 31st, 2018 at 18:57

Good to know they are making good on their obligations. It says a lot about the company and the leaders that they sought out investment money and negotiated a deal that would take care of the loyal miners that have had a major role in building up the company. Thanks for reporting on the developments of the major players in the industry.

LARRY HARBIN

February 4th, 2018 at 04:26

THEY ARE NOT “REIMBURSING” THEIR CUSTOMERS. This is a COMPLETE LIE. First off, Let me QUALIFY WHO I AM: I am a Miner with QUITE A BIT of Hashing power with Nicehash for OVER a year. I just took all of my systems off of nicehash because of the unethical nonsense of this “Reimbursement”. They are SKIMMING the profitability of the MINER’s SYSTEMS and giving it back as a “reimbursement”.
The ONLY way these crooks could make things right would be to WAIVE the pool fees and any transaction fees associated with external wallets for a period of time long enough to equate with the loss incurred due to the theft. This is NOT what they are doing. IF YOU BELIEVE they are finding btc from some other source, then you are DELUSIONAL.
They are not robbing Peter to pay Paul, they are literally robbing PETER and then giving Peter back SOME of the btc as a “reimbursement”. Don’t believe me? Take your mining equipment on over to Nicehash and be prepared to be astounded at the low profitability your systems will make. No, its not the lowering of Bitcoins “currency” value” that is causing it. Miners all over (just as I and my team have SEEN) are reporting HALF of their mining amounts gone. Not USD to BTC, but .001 changed to .0005 per day, etc.
Nicehash may have had btc stolen (or maybe it was an inside job—-who knows), but their knee jerk “remedy” was a shell game that amounts to a PONZI scheme and would get them ARRESTED in the U.S> OR in the EU. They are lucky they hide in a former Soviet Block nation.
DISGUSTING.
And this “Boldar” that was QUICK to reply to this? Part of the team no doubt. Because they DID NOT BRING IN OUTSIDE INVESTMENT TO PAY THE MINERS. This is a LIE that has been going around for a few days. And it is ABSOLUTELY NOT TRUE. Maybe one should see WHY the CEO left, but not the ex-con CTO.
Again, THERE IS NO OUTSIDE INVESTOR/INVESTORS that are bringing in capital to repay investors. They are taking it directly from the miners that are owed. FACT.
Boldar, stop spreading the “investors” lie.
By the way, I PUT IN MY REAL NAME.

Leave a Reply

Your email address will not be published. Required fields are marked *

top