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  • May 15th, 2018 11:15 am
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Deal Addict
Sep 13, 2016
1506 posts
664 upvotes
SickBeast wrote:
Feb 4th, 2018 11:30 am
Thanks.

I am hopeful that now that I have mined up to 0.01BTC once, they will just pay me back the rest over time without having to mine more. Hopefully they will make this clear before the next stolen coin payout.
Nope. You will need to mine 0.01BTC everytime you want the 10%, which sucks. It is a dirty trick to prevent miners from dumping NH en masse.
Deal Guru
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Mar 14, 2009
11812 posts
4568 upvotes
IndyBeak wrote:
Feb 4th, 2018 11:40 am
Nope. You will need to mine 0.01BTC everytime you want the 10%, which sucks. It is a dirty trick to prevent miners from dumping NH en masse.
How do you know this? Is there official confirmation somewhere?

So let's just say they pay me back 10% of my 0.0062 stolen balance. Does that mean I will have to top up the remaining balance up to 0.01BTC again? So I'll have to mine close to 0.005BTC to trigger the next payout? What a pain. Plus the fees are higher on an external wallet, right? So I'll have to factor that in. It might be better for me to just consider the stolen coins a writeoff.
I am a Public Mobile, Zoomer, and Koodo customer.
Deal Fanatic
Aug 14, 2007
8640 posts
730 upvotes
Toronto
SickBeast wrote:
Feb 4th, 2018 11:42 am
How do you know this? Is there official confirmation somewhere?

So let's just say they pay me back 10% of my 0.0062 stolen balance. Does that mean I will have to top up the remaining balance up to 0.01BTC again? So I'll have to mine close to 0.005BTC to trigger the next payout? What a pain. Plus the fees are higher on an external wallet, right? So I'll have to factor that in. It might be better for me to just consider the stolen coins a writeoff.
That's what I'm thinking right now as well. And it's complete BS they're doing this, they said forever that "Everyone will be paid back in 10% increments until you're squared up".

So for them to turn around and change that is complete BS.

This is what my repayment thing shows:

Original Old Balance: 0.00710236 BTC
Reimbursed pending: 0.00071023 BTC
Reimbursed by now: 0.00000000 BTC
Still to repay: 0.00639213 BTC

So technically they haven't reimbursed anything to my external wallet at all. I am mining with them now with their internal wallet and will transfer out to my ledger nano s most likely every time I reach .01
Deal Addict
Sep 13, 2016
1506 posts
664 upvotes
SickBeast wrote:
Feb 4th, 2018 11:42 am
How do you know this? Is there official confirmation somewhere?

So let's just say they pay me back 10% of my 0.0062 stolen balance. Does that mean I will have to top up the remaining balance up to 0.01BTC again? So I'll have to mine close to 0.005BTC to trigger the next payout? What a pain. Plus the fees are higher on an external wallet, right? So I'll have to factor that in. It might be better for me to just consider the stolen coins a writeoff.
Yes.
They have written such mumble jumble about payouts that it is impossible to find something official in plain and easy to understand English. But let me explain you the math using my example. I had 0.012 stolen BY NiceHash.
> 1st Payout - Need to mine 0.01 - (0.012/10) = 0.0088 BTC. 0.0108 stays in old balance.
> 2nd Payout - Need to mine 0.01 - (0.0108/10) = 0.00892 BTC. 0.00972 stays on old balance.
> 3rd Payout - Need to mine 0.01 - (0.00972/10) = 0.009028 BTC. 0.00875 stays in old balance.
......
And so on.
This is how it is going to play out. And it sucks that they have not even confirmed when the next payout will be. Will it be this month, this Christmas, or next year. And how much will that be. 10%, 5%, 50%.
Deal Guru
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Mar 14, 2009
11812 posts
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Wow. With the higher fees for the external wallet along with the transaction fees I'm just going to consider those coins lost. Thanks guys. This is very disappointing news. Now I have even more to mine because I didn't factor in the 10%. I will let you guys know what they say in response to my support ticket.
I am a Public Mobile, Zoomer, and Koodo customer.
Member
User avatar
Apr 12, 2017
210 posts
91 upvotes
Anyone else no longer seeing the "Old balance" section listed on the Nicehash mining stats page? All of a sudden, mine is not showing up (tried multiple browsers as well). I wonder if this is just unscheduled maintenance, or if they are trying to screw me after screwing me. I won't be surprised if it's either at this point.

I've attached images of before and after.
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Deal Addict
Sep 13, 2016
1506 posts
664 upvotes
RedToronto wrote:
Feb 5th, 2018 10:20 am
Anyone else no longer seeing the "Old balance" section listed on the Nicehash mining stats page? All of a sudden, mine is not showing up (tried multiple browsers as well). I wonder if this is just unscheduled maintenance, or if they are trying to screw me after screwing me. I won't be surprised if it's either at this point.

I've attached images of before and after.
Known issue. Don't worry. Their API sometimes goes for a toss.
Sr. Member
Feb 17, 2012
613 posts
120 upvotes
Toronto
For anyone thinking their coins are considered lost... Just don't give up and be patient. No one knows what Bitcoin will be worth one day but what if they are worth 6 figures? I think the time spent trying to get them **might** be worth it.
Deal Addict
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Mar 24, 2012
2127 posts
780 upvotes
MARKHAM
Frank2029 wrote:
Feb 5th, 2018 3:52 pm
For anyone thinking their coins are considered lost... Just don't give up and be patient. No one knows what Bitcoin will be worth one day but what if they are worth 6 figures? I think the time spent trying to get them **might** be worth it.
bitcoin just drop under 7000$ now. its about to burst?
Deal Addict
Sep 13, 2016
1506 posts
664 upvotes
JasonCao wrote:
Feb 5th, 2018 4:02 pm
bitcoin just drop under 7000$ now. its about to burst?
It may, it may not. No one knows.
Deal Expert
Aug 22, 2011
19455 posts
6824 upvotes
Ottawa
JasonCao wrote:
Feb 5th, 2018 4:02 pm
bitcoin just drop under 7000$ now. its about to burst?
I'll be sure to buy a few if the price is right.
Deal Guru
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Mar 14, 2009
11812 posts
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The bigger problem is the broad market selloff that we just saw today. Combined with Friday's drop, the stock market plunge over the past two days is extremely concerning.

I view Bitcoin and crypto as a long term play. I think it's the future of money. It's going down like crazy lately but I think we'll see a huge swing upward again before the end of the year.
I am a Public Mobile, Zoomer, and Koodo customer.
Deal Addict
Aug 31, 2003
3422 posts
33 upvotes
Mississauga
I must correct myself by saying there is a miner for the Strak coin. It uses the lyra2rev2 algorithm which you can use with a number of generic mining applications.

As for the regular crypto, the large drops recently have been a little alarming. Probably going to shake a lot of people with cold feet out.
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Apr 12, 2017
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So, Nicehash just paid out balances of 0.005 BTC to external wallets, but my question is, does that count to receive the initial 10% of the "Old balance?" Or did they just screw anyone that was close to 0.01 BTC and now they have to start all over?

I'm at 0.003 so I can't confirm this. Just wondering if any of you got the 10% hacked balance from this.

Source 1
Source 2
Deal Addict
Sep 13, 2016
1506 posts
664 upvotes
RedToronto wrote:
Feb 6th, 2018 1:29 pm
So, Nicehash just paid out balances of 0.005 BTC to external wallets, but my question is, does that count to receive the initial 10% of the "Old balance?" Or did they just screw anyone that was close to 0.01 BTC and now they have to start all over?

I'm at 0.003 so I can't confirm this. Just wondering if any of you got the 10% hacked balance from this.

Source 1
Source 2
Yes, if they reduced the cutoff to 0.005, then they must have topped it with another 10% from old balance. They did mention possibility of lowering min payout amounts if fees were reasonable.

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