Nicehash is now just part of the Mafia

in #nicehash7 years ago (edited)

Nicehash original business model was to draw in miners wanting to sell hash-power, and customers who wanted to rent it.

Then NiceHash began to change:

Step 1: Bots were implemented at every 10 step price interval, with a "sleeper" order there and ready. These orders then began to switch on and drive the price levels up by grabbing all the miners to the upper levels.

Step 2 - The current stage where huge orders are places that grab all available orders, with the bots helping to funnel everything up to those orders.

The price then is too high for anyone to participate, and there would be no miners available anyway.

One can now conclude a "Mafia style" takeover of NH (or the owners themselves involved) and the considerable, collective hashing power on NiceHash can now be gathered up by these mafia actors and directed wherever to suit an agenda.

I am pulling my money off NiceHash and putting into safe holding while I work out other plans.

Good luck to anyone who has similar experiences!