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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'.
(Score: 0) by Anonymous Coward on Friday December 08 2017, @07:15AM (7 children)
...according to coinmill.com [coinmill.com].
(Score: 3, Funny) by FatPhil on Friday December 08 2017, @07:53AM (6 children)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by melikamp on Friday December 08 2017, @07:58AM (5 children)
The way these things work, if we all just believe they are worth $94.7 billion, that's how much they are worth, right? Let's get cracking...
<furrows brow>
OMG it's working, it's $94.7 billion and counting...
(Score: 2) by FatPhil on Friday December 08 2017, @08:28AM (2 children)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 3, Interesting) by maxwell demon on Friday December 08 2017, @09:08AM (1 child)
You are aware that a lot of mining happens in China? Probably those are all fake bitcoins! :-)
The Tao of math: The numbers you can count are not the real numbers.
(Score: 4, Funny) by FatPhil on Friday December 08 2017, @12:33PM
(Why do I get the feeling that someone needs to try and seed the fake news media with something like that, and see if it takes root...)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 2) by All Your Lawn Are Belong To Us on Friday December 08 2017, @03:08PM (1 child)
Just like Trump's net worth!
This sig for rent.
(Score: 2) by chromas on Friday December 08 2017, @03:27PM
If you can live like you're rich, it doesn't matter if you really are or not.
Hey, realDonaldTrump can I get a small loan of a million dollars?