Nicehash is back~ And they promise return all what being stolen by hackers.
That's good news, but their fundamental problems still exist.
The effects of their hot wallet being hacked were so detrimental because they were not paying people out the money they deserved at lower intervals.
Their payout amount was 0.01 BTC, which (as of writing this post) is worth $153. They should have lowered their payout minimum with the rise of Bitcoin's price.
The price increased by 10X and yet they left the payout amount the same.
Greed? Definitely.
They are expecting people to mine for them and never reach the payout, so they can collect all of the juicy funds that people lost by not reaching the minimum.
And even now, they set a minimum for how much you had to have mined in order to be reimbursed for their own mistakes.
Luckily, we reach that minimum, but how many thousands of people didn't?
I won't be endorsing NiceHash in the future unless they correct these fundamental problems.