Hashcoins datacenter resumed cloud mining. For how long?
Source:Nearly a week after contracts for mining, hashcoins datacenter continued its work. Cloud coin mining on SHA-256 coins again started on 28 July. About it writes .
theis it Profitable cloud mining
The service Team stated that they managed to find a way out of this problem.
Throughout the week we were focused on finding the optimal solution, which would allow us to continue mining. We are pleased to announce that as a result of the diligent work we managed to find him.
Recall That hashcoins datacenter provides services for cloud mining with different encryption. Currently working contracts only for SHA-256 and ETHASH, that is, until users can get reward only in Bitcoin or Ethereum.
July 20, on their pages in social networks company published an official statement in which has told about the losses due to the global correction of the stock market. Guide hashcoins datacenter has assured users that they will look for possible ways of optimization of expenses for the equipment.
Customers hashcoins datacenter was legally unprepared for this turn of events. They couldn't sue the company because its actions are fully consistent with section 5.5 of the user agreement, which should have been taken to work with the service.
5.5 the mining Process continues until such time as it remains profitable. This means that mining can be terminated if the cost of electricity and maintenance of equipment exceeds the payments. If mining is not profitable for 21 consecutive days, the service shall be terminated forever. During the 21-day period, the accounts will also cease. If, after the stop point will change the market conditions or the difficulty of mining coins, which will again make mining profitable, custom contracts will continue.
Many users are faced with the complexities of their money with hashcoins datacenter. They have been asked to pass the procedure of identity verification for compliance, KYC and AML.
It is Noteworthy that earlier this month, Hasrat of Bitcoin plummeted. Falling associated with in the Chinese province of Sichuan, which suffered a lot of Asimov. 24 hours network difficulty of bitcoin has dropped from 43 to 30 million teraherz.
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