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.
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.
Hashing Power Marketplace must be Decentralized. The first such platform is HashRental.io.
HashRental marketplace connects sellers (miners) of hashing power with buyers of hashing power through smart contracts, decentralized Escrow. It offers convenient and easy-to-use tools for all crypto-market participants to create as much profit as possible.
At the moment HashRental mining system and redirecting system have been tested and launched. $544000 has already been paid to the MVP participants in cryptocurrency.
HashRental marketplace has it’s own tokens (LUHN COIN). LUHN will be accepted as a payment for hashing power rent.
Global increases in electricity consumption result from an increasing existing hashing power in the world. Market of rent hashing power needs the safest services that the HashRental can offer.