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by Ian Edwards, from HASHRENTAL.IO, on Apr 11
The Nicehash Hack and the Need for a decentralized platform for hashing power rent

The only existing large cryptocurrency mining marketplace NICEHASH has been hacked in late 2017. As a result, the market customers lost $60 million. Problem: Nicehash is a centralized service. It’s a point of weakness. More specifically, Nicehash is a website which controls payments on behalf of users until the agreed-upon mining contracts are fulfilled. Moreover, it is responsible for handling refund requests, which means a lot of money flows through its wallets on a weekly basis. It was only a matter of time until hackers decided to attack this platform, which is exactly what happened. Solution: Hashing Power Marketplace must be Decentralized. The first such platform is HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing...

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