ViaBTC Brings Back Its Profitable Crypto Cloud Mining Services Ahead Of Peak ...
All markets are cyclical, and the cryptocurrency markets are no different. At the height of the crypto bubble in 2017, everyone wanted to get into Bitcoin. People scrambled to buy the asset and altcoins on exchanges like CoinEx, while others took the mining approach by contributing to the underlying blockchain network. But as the bullish cycle ended, crypto mining became less profitable, and services like cloud mining disappeared. However, mining digital assets have become profitable […]
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Mining pool ViaBTC has just announced its first batch of cloud mining contracts. The company is offering anyone the chance to leverage ViaBTC’s deployment of mining machines. Now Anyone Can Join ViaBTC’s Network Hashrate. ViaBTC is a large mining operation that holds roughly 7.9% of the network’s global hashrate. The pool is now inviting people to....
ViaBTC's cloud mining offering may strengthen the position of Bitcoin Unlimited in the cryptocurrency industry. A Bitcoin mining pool which supports Bitcoin Unlimited has lately been criticised for offering cloud mining services. ViaBTC, as the company is called, has lately announced that it will allow more people to join its Bitcoin mining pool in return for small investments in its mining equipments. On the other hand, ardent Bitcoin Core fans, who have already shown their displeasure with the Bitcoin Unlimited proposal, have turned themselves against such services. ViaBTC claims that it....
Zero-transaction fee Bitcoin transactions are rather uncommon these days. Ever since ViaBTC announced their cloud mining plans, the Bitcoin community has been on high alert. Albeit there is nothing wrong with what the pool offers, people have been carefully monitoring their wallet addresses. One particular transfer stands out, as 210 BTC was deposited into the wallet. A major client for their cloud mining business or self-funding to spike the numbers? It is not uncommon for Bitcoin companies to deal with large deposits. Even cloud mining companies sometimes attract huge clients who spend a....
Today we have Bitcoin Cloud Services, yet another cloud mining service. Let’s see what they have to bring to the table. I started mining back in 2011, but eventually due to the competitive nature of the Bitcoin network it got more difficult to get early access to hardware. With hardware delays from most of the manufacturers it became almost impossible to the average user to get involved in mining. In early 2014 we decided to offer our mining services to the average user so they wouldn’t have the common problems of setting up their own mining rigs. We have access to custom made efficient....
CEX. IO, one of the leading bitcoin exchanges and cloud mining service providers, has announced the temporary suspension of its cloud mining services. They can attribute this policy change to the sudden and drastic drop in bitcoin value in the past weeks. The suspension is set to begin at the next bitcoin mining difficulty increase and it is unclear how long the suspension will continue. Jeffery Smilth, Chief Information Officer of CEX. IO, stated that this is a forced temporary measure, and. "...as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms....