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Popular cryptocurrency mining pool NiceHash has been taken offline while it's operators investigate a security breach that has resulted in the contents of their Bitcoin wallet being stolen.
Statement here: https://www.nicehash.com/
CNBC's report on the theft details users of the service conducting their own investigation, uncovering a bitcoin wallet implicated in the theft containing 4736.42 BTC, or $67million in real money.
Story here: https://www.cnbc.com/2017/12/07/bitcoin-stolen-in-hack-on-nicehash-cryptocurrency-mining-marketplace.html
With Nicehash's mining pool services offline and user's trust in the service evaporated, cryptocurrency miners flocking to other auto-switching pools are causing major disruption as servers fail to keep up with the sudden influx of demand. At the time of submission, yours truly has been unable to make contact with ahashpool, zpool, miningpoolhub and hashrefinery, receiving CloudFlare's 522 error indicating that the target server is overloaded.
Additional coverage on Engadget.
(Score: 0) by Anonymous Coward on Friday December 08 2017, @07:12AM (3 children)
I'm looking forward to all the suckers trying to cash out when the bottom of this falls. All the servers will be overloaded while the price continues to drop. Hahaha.
Unregulated fiat "currency." Truly the best of both worlds.
(Score: 4, Insightful) by maxwell demon on Friday December 08 2017, @09:06AM (1 child)
The price cannot drop when you cannot sell. The current price is composed of the price of individual sales, and if there are no individual sales, there is no current price.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 2) by FatPhil on Friday December 08 2017, @12:36PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Saturday December 09 2017, @07:46PM
oh no! what will i do? btc went down to 14k! that's right. i'll be hodlin'.