As many of you know Nicehash recently got hacked and had nearly 6,000 bitcoins stolen from it's wallets. Basically wiping out all the user's earnings. Now with all the devastation I found something interesting worth to note for small miners. People who do not have farms of gpus and people who mine just on their personal computers may have noticed this happening. What is happening is some of the altcoins hash rates have dropped making it easier to mine the altcoins. Pretty sure this will not last long, but its interesting to watch how the is affecting the cryptocurrency world.
Now the couple examples I listed are just the ones I could find which looked to be affected by lose of Nicehash. However it could also be a coincidence that the altcoin became unprofitable so miners moved on. Either way just news I like to show that I have been watching on https://www.whattomine.com and mining in general. Nicehash had been in the top 10 in earnings on whattomine for quite sometime but now is basically off the list since its shutdown. (By the way if you were wondering I could not take advantage of the current drops when mining because I am still trying to figure my rig. Frustrating to watch another opportunity slipping by.)
Vertcoin
Chart snapshot from https://www.bitinfocharts.com.
Feathercoin
Chart snapshot from https://www.coinwarz.com.
Ethereum
Chart snapshot from https://www.coinwarz.com.
I maybe grasping straws here but my gut feeling is Nicehash fallout is affecting some altcoins and this could be a temporary opportunity for the casual miner to be mining more profit if they find a coin that has dropped in hashrate.
Thanks for reading.
