SCAM in NiceHash
Mining!
Is it worth the time? NiceHash is a well-known cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cloud mining
platform that allows users to buy and sell computing power for mining
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. It is often touted as a convenient way to get started mining
without having to invest heavily in specialized equipment.
Essentially, you rent out your computer's processing power to mine
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, and in return you are provided with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
backing. But is NiceHash a legitimate way to mine or is it more of a scam? Red
flags: Lack of transparency: The operating platform and fee structure are not
clearly visible, leading to confusion for users and the owner making huge
profits for an increased percentage of the POOL .
Delayed payments: There have been several reports of users being charged
significant fees to receive funds in their payments. High fees: NiceHash
increases transaction and withdrawal fees, which can significantly reduce
profitability. The rules of the resource change every day of the week.
Mixed user reviews: While some users report positive experiences, others
report fraudulent activity or issues with the platform. Poor customer support:
The platform lacks clear contact information, and many users report difficulty
getting help from customer support.
Based on my experience of buying Easy Mining package I came to standard
products. This is not a proof, but just a look at my words, which may be true
or false.
Claim: NiceHash is deceiving its users by using a simple mining scheme to pass
on its only liability (downtime between found blocks) to users.
A good hash pool operates 24/7 and finds blocks every day, regardless of
whether someone buys Easy Mining packages or not.
When a buyer finds a block using the Easy Mining package, the block is not
actually mined from rented computing power, but from the Nicehash mining pool.
So Nicehash runs when blocks change (like all pools) and also runs when blocks
don't change. With the easy mining scheme, they have effectively sold the
liability (the downtime between found blocks) to their users.
When you buy a package it's easy mining industry , they believe that a certain
hashing power is rented for the current term. However, in reality, the user
does not receive any rented hashing power, but only a computer-generated graph
is displayed. The graph shows numbers like 67%, 80% or 99%, which in reality
means nothing, this is done so to deceive buyers that the business's hashing
power is bought and mined .
Nicehash mining algorithm is easily designed in such a way that the strategy
is awarded to buyers to create a gambling-type situation. They will reward new
users with several rewards to pay for their purchase of more packages and risk
additional investments.
A good hash simply offers a calculated number of blocks to a calculated number
of buyers in order to attract the maximum number of buyers.
The whole idea of joining a mining pool is to have consistent simplicity
between finding a block by successive Payout. However, it seems Nicehash has
found a way to shift this major responsibility to its client under false
pretenses.
Let's look at independent reviews from NiceHash from TrustPilot with a total
rating• Рейтинги » Рейтинг of 1.8 stars:
Real commission Pool more than 3%
· Mo Dauman : I have read the same sad stories as me . and I have nothing to
write. NiceHash has blocked my funds in the amount of 707 USD since November
2nd, refusing to allow me to withdraw them under the pretext that I did not
pass the KYC check. I sent all the necessary documents including ID, but the
account was not verified. They used the pretext of moving to Switzerland. no
phone, no chat support and no way to file legal complaints. It's a disgrace. I
can't leave this company anymore. Experience date: November 07, 2024
· Valentin Ciubotaru : NiceHash blocked my funds in the amount of almost 600
euros, refusing to withdraw them under the pretext that I did not pass the KYC
check. I sent all the necessary documents, including ID and passport, but the
account was not verified. Basically, they took my money and refuse to return
it. Date of experience: November 07, 2024
· Carl: I had 400 euros but I can't switch to a BTC account, they want KYC for
everything, my account is no longer valid for anything. And they surrender my
money every month even if I log in because they are smart and charge for
inactive accounts. Too bad they got all my money processed by years of
computers and electricity bills. Experience date: 05 November 2024
And so on…. Probably, after 2017, when NiceHash was expecting a hacker attack,
the Exchange decided to attack its users itself, taking advantage of its
offshore immunity in the British Virgin Islands.
