NiceHash said approximately 4,700 bitcoin were stolen. Photograph: Dado Ruvic/Reuters
So I am really bumbed that my youngest daughter and I bought duplicate mining rigs this Sunday and started mining crypto using the Nicehash miner. Imagine our distress as the miners shut down because Nicehash got hacked for $64M in bitcoin. Not much damage for us, about $5 total in bitcoin. OK, so we are doing small mining rigs to get a taste. Looking here to the Steemit community for recommendations on different alternatives to the Nicehash ming pool. The application interface with Nicehash was excellent for my novice daughter - all gui with no scripting language required.
Just looking for some encouragement. And yes, we should have done hardware wallets. But those get loaded once or twice a month. So still a hardware wallet would have not saved us from this "hack".
Do you think lightning strikes twice at the same mining pool? What are the implications if we stay for convenience? Is there an arbitrage play being part of a fewer miners? Just trying to wrap my mind around this and really provide good guidance to my 5 daughters, who all want to print their own money. At least they got the crypto bug now too..