Author

Topic: ViaBTC closing cloud mining contract Market (Read 194 times)

legendary
Activity: 1526
Merit: 1179
January 11, 2018, 08:42:06 PM
#8
There are plenty of people in this forum advocating against cloud mining, nobody should be unaware of the risks.
Plenty of people advocating against cloud mining, but still plenty of people being delusional enough to do so anyway. The only difference here is that ViaBTC does have an actual farm, where 99% of the rest doesn't.

Those who bought shares a long time ago couldn't have seen this coming, so the only thing they can be blamed for is investing in something that isn't profitable at all. Those who invested very recently are just dumb.

If you know that a potential mining ban is looming in China, which has been like this for more than a month, you obviously should avoid using ViaBTC or any other actual mining farm in China to start cloud mining.

If you proceed with it without doing any research, you're just asking for it.
hero member
Activity: 854
Merit: 658
rgbkey.github.io/pgp.txt
January 11, 2018, 05:58:48 PM
#7
This is why you don't buy "lifetime cloud mining contracts". Because shit happens. There are plenty of people in this forum advocating against cloud mining, nobody should be unaware of the risks.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
January 11, 2018, 05:20:27 PM
#6
I was going to invest in their cloud mining, great I didn't do that. For example if I have cloud mining contract here and they decided to close, what happens? No one will buy unuseful shares here because it's closing so will they refund or what? They said only "Please finish all your cloud mining contract trading ASAP." Nothing more. That's bad, they were new but really good company.
hero member
Activity: 1036
Merit: 514
January 11, 2018, 05:17:19 PM
#5
How about people who just purchased mining contract recently like 1 week or 1 month but have not achieve ROI? It's a disaster for them.
What does it mean; Please finish all your cloud mining contract trading ASAP?
Will they gonna pay investors for the rest of the contract or just stop all the contract yesterday?
legendary
Activity: 2170
Merit: 1427
January 11, 2018, 04:35:46 PM
#4
Oh no, this means one thing, and that's genesis mining gaining a whole lot more empty headed chickens as "investors". Genesis mining is exempt from all the drama unfolding in China due to the potential mining ban, because they aren't mining anything. Cheesy This however is just a temporary action, because once the farms are relocated, they will be back in the game. The only thing I like about this is that China will no longer be the central point of the majority of all the network power, and that we should all be happy about.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
January 11, 2018, 04:31:33 PM
#3
https://pool.viabtc.com/announcement/21/

ViaBTC is closing their Cloud Mining Contract business apparently. Interesting...

this Announcement they made is very vague, they did not give relevant details of why they are closing all contracts, so it seems that they have no respect for their customers.

But it is a nonesense for me to ban mining because the electricity consumption for traditional money is much higher.

I think China is taking these steps because it does not want its people to use decentralized currencies.

sr. member
Activity: 302
Merit: 250
January 11, 2018, 04:02:54 PM
#2
https://pool.viabtc.com/announcement/21/

ViaBTC is closing their Cloud Mining Contract business apparently. Interesting...
Yupp, I also got the notification. Maybe they had all their servers in China. And it seems to be unsecure right now, if China will ban mining companies because of electricity resources. But it is a nonesense for me to ban mining because the electricity consumption for traditional money is much higher.
member
Activity: 84
Merit: 10
January 08, 2018, 07:20:48 AM
#1
https://pool.viabtc.com/announcement/21/

ViaBTC is closing their Cloud Mining Contract business apparently. Interesting...
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