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NiceHash requires a full identity verification over KYC procedure due to legal/regulatory reasons and security reasons. You will be requested to do full identity verification to be able to use the services.

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1011 sats \ 0 replies \ @evanbaer 24 Jun

You can still buy kyc-free hashrate on Rigly and Mining Rig Rentals.

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I recently closed my account

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160 sats \ 0 replies \ @Wumbo 24 Jun

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Get fucked

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25 sats \ 2 replies \ @OT 24 Jun

There are only a handfull of mining pools that don't require KYC.

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Braiins?

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10 sats \ 0 replies \ @OT 24 Jun

I think Braiins just require an email and an LNURL address

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That sucks, but from where I'm sitting, it's been a while coming. When Marko started arguing against bitaxe on X and at mining conferences because of the lack of industrial scale, that felt like they were shifting more and more towards B2B, away from the free-for-all fest they were in their (humble?) beginnings. The compliance part inevitably follows a shift to B2B.

The "beneficial owner" mention underlines this strategy too: Nicehash is now targeting corporate customers. Perhaps this opens up opportunity for servicing the non-corporate part of the market? Not everything needs to be about scale.

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NiceHash is no more!

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Bummer!

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Unpopular opinion: I think an investigation of someone getting hacked, scammed or money laundering lead to some 3 letter agency tapping Nicehash on the back and telling them to identify users now.

As a victim of a crime I understand the hate for this but what is the solution to stop crime? People say bitcoin is for enemies and that sounds good but it shouldn’t be a place where we don’t bring people to justice for violating other people’s property rights!

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