Bitcoin Miner Aquifer Files for Bankruptcy

mayax

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Activity: 1470

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Quote from: Snorek on February 25, 2015, 12:42:36 PM

No wonder they are bankrupting. I never heard anything about this company. Aquifer sure did not spend much money on promotion if they are unknown on the biggest bitcoin forum...

Why would they be? The mining is not about popularity. it's about how you can get free electricity and about selling BTC to USD

Only the cloud mining needs advertising.

The question still remains. How can the miners continue their work with the BTC price? Normally, 99% of them should close the biz. Make the calculations and you will see that I am right.

Snorek

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Activity: 1400

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No wonder they are bankrupting. I never heard anything about this company. Aquifer sure did not spend much money on promotion if they are unknown on the biggest bitcoin forum...

koelen3

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Sooner or later, a man who wears two faces forgets

Quote from: ?? on ??

Quote from: koelen3 on February 25, 2015, 04:17:07 AM

Quote from: Lethn on February 25, 2015, 04:04:17 AM

Quote from: koelen3 on February 25, 2015, 03:35:51 AM

Quote from: Coinbuddy on February 25, 2015, 01:33:50 AM

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Read here: http://www.coinfinance.com/news/bitcoin-miner-aquifer-bankruptcy

~~All cloud-mining sites are either ponzie or go down hard.~~
Not an Era of mining

Badly managed or scam artist cloud mining sites go down hard, others are doing just fine because they provide honest services, mining is fine, it's just like with exchanges though and things like that, you can't have some random guy setting this shit up who doesn't know a thing about what he's getting into and expects to be a millionaire in a week.

YOu're pretty right on that but can you name some good cloud-mining sites which are still up Huh

Hashnest, it is ran by Bitmain with only a true number of miners on there and after the miner is no longer profitable for 10 days at their data center you can pay for shipping and have it sent to you.

wow that is amazing!

neurotypical

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Merit: 503

Quote from: Lethn on February 25, 2015, 04:04:17 AM

Quote from: koelen3 on February 25, 2015, 03:35:51 AM

Quote from: Coinbuddy on February 25, 2015, 01:33:50 AM

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Read here: http://www.coinfinance.com/news/bitcoin-miner-aquifer-bankruptcy

~~All cloud-mining sites are either ponzie or go down hard.~~
Not an Era of mining

Badly managed or scam artist cloud mining sites go down hard, others are doing just fine because they provide honest services, mining is fine, it's just like with exchanges though and things like that, you can't have some random guy setting this shit up who doesn't know a thing about what he's getting into and expects to be a millionaire in a week.

It was clear most cloud mining sites were scams since the beginning. Thats why I voided it. Some of the legit companies stopped their cloud mining services anyway tho, just not lucrative at current price.

Lethn

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Activity: 1540

Merit: 1000

I'm also going to defend Genesis Cloud Mining, I'm quite happy using them and they're responsive too.

countryfree

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Activity: 3066

Merit: 1047

Your country may be your worst enemy

Good news. For BTC' sake, all cloud mining services should fall.

LiteCoinGuy

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Activity: 1148

Merit: 1014

In Satoshi I Trust

never heard of that service but: RIP

networthsigns

sr. member

Activity: 448

Merit: 250

Quote from: Kazimir on February 25, 2015, 04:27:23 AM

When will people ever learn Embarrassed

I invested in PBmining but good thing i got most of it back when they went bad but that gave me good lesson

Kazimir

legendary

Activity: 1176

Merit: 1011

When will people ever learn Embarrassed

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: Lethn on February 25, 2015, 04:04:17 AM

Quote from: koelen3 on February 25, 2015, 03:35:51 AM

Quote from: Coinbuddy on February 25, 2015, 01:33:50 AM

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Read here: http://www.coinfinance.com/news/bitcoin-miner-aquifer-bankruptcy

~~All cloud-mining sites are either ponzie or go down hard.~~
Not an Era of mining

Badly managed or scam artist cloud mining sites go down hard, others are doing just fine because they provide honest services, mining is fine, it's just like with exchanges though and things like that, you can't have some random guy setting this shit up who doesn't know a thing about what he's getting into and expects to be a millionaire in a week.

YOu're pretty right on that but can you name some good cloud-mining sites which are still up Huh

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: koelen3 on February 25, 2015, 03:35:51 AM

Quote from: Coinbuddy on February 25, 2015, 01:33:50 AM

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Read here: http://www.coinfinance.com/news/bitcoin-miner-aquifer-bankruptcy

~~All cloud-mining sites are either ponzie or go down hard.~~
Not an Era of mining

Badly managed or scam artist cloud mining sites go down hard, others are doing just fine because they provide honest services, mining is fine, it's just like with exchanges though and things like that, you can't have some random guy setting this shit up who doesn't know a thing about what he's getting into and expects to be a millionaire in a week.

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: Coinbuddy on February 25, 2015, 01:33:50 AM

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Read here: http://www.coinfinance.com/news/bitcoin-miner-aquifer-bankruptcy

All cloud-mining sites are either ponzie or go down hard.
Not an Era of mining

Coinbuddy

hero member

Activity: 896

Merit: 1000

Aquifer, a California-based Bitcoin mining firm, has filed for Chapter 11 bankruptcy. The company filed on February 19, but the official documents have just been made available today.

Topic: Bitcoin Miner Aquifer Files for Bankruptcy (Read 1158 times)