Well, it’s no surprise that Nicehash has taken a severe hit to the crown jewels with this last hack which left them a victim of the largest crypto theft to date. The Nicehash wallet was purged of more than $60 million USD. From the information that was released, it was stated that the attacker gained access to their network via an employee’s infected machine. From there, they analyzed the network, make a few test withdrawals and then hit them where it hurts. Ouch. Now, it’s been a week since the heist but life for miners must go on.

Nicehash (NH) was my primary connection and as such, I did lose a few hundred dollars during this heist. Luckily, I have a habit of moving the balance weekly at minimum to a more secure wallet. One of the things I love about the miner setup is that you can configure multiple connections in case one is unreachable. It will automatically try the next. So when NH took their network offline, my miners simply went down the list and hit the next connection. In my case, it was (PH).

I enjoy PH nearly as much as NH in that they basically use your hardware to mine or verify transaction of any coin that your miner can handle. They don’t focus on just 1 like litecoinpool.org ( LCP). PH has a definitely pro and con vs NH which makes it very appealing to me. First, the con, the connection. I can only assume that they don’t quite have the infrastructure to handle the amount of connections pointing to them because it seems like they suffer from dropped connections pretty frequently compared to NH. Why? Not sure. I never asked. The definitely PRO over NH is that PH will pay you in whatever coin you choose in any breakdown you want. For Example, for 100% of earnings, you could get paid 50% in Bitcoin, 25% in Litecoin, and 25% in Ethereum. This worked out pretty well considering Litecoin jumped by 200% in the last 48 hours.

Litecoin:

Another con about PH is that the earnings are not as much as what I was making on NH. Earnings are earnings so I really can’t complain, BUT, a decrease is still a decrease. I was making $80-$95 a day on NH. Here are my latest earnings from PH:

Not horrible…not great. Still, it’s earnings. Litecoin is starting to draw back now as it’s dropped below the $300 line. I’m hoping it’ll push to new highs soon.

I will likely try to point one to different pools to compare and contrast them one day, but today is not that day. I do hope that NH comes back online soon with enhanced security so we can continue to mine with them. They have a great platform, but this can be a lesson to myself and to other users who lost more to keep up with moving money into a more secure storage solution.

Until next time. Happy Mining!