ZenMiner Shuts Down Cloud Mining Services

Skinnyman

member

Activity: 61

Merit: 10

Quote from: Remember remember the 5th of November on February 09, 2015, 01:09:49 AM

You know what? I see this as Bitcoin fixing the problem, which cloud-mining is. It is killing these horribly wrong businesses.

I think they were just catering to the market, though most of them were ponzies anyway. I don't think we should be glad too see any businesses ceasing operations because of the low price. This is very bad for bitcoin in my opinion.

foxkyu

hero member

Activity: 938

Merit: 1000

Quote from: Coinbuddy on February 09, 2015, 12:41:52 AM

ZenMiner, a popular cloud mining service, has halted operations due to “unstable market conditions.” The Bitcoin cloud mining company announced this decision as an update notice on the ZenMiner website. The company is planning to adjust its operations to changing market conditions in the future.

just another cloud mining stop their mining service
and there will be more service doing that
as you know mining bitcoin is not profitable right now

Divinespark

hero member

Activity: 938

Merit: 501

Yep, creative destruction playing itself out. Whoever deserves to live, will thrive. Whoever doesn't, doesn't anyway..

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

You know what? I see this as Bitcoin fixing the problem, which cloud-mining is. It is killing these horribly wrong businesses.

Coinbuddy

hero member

Activity: 896

Merit: 1000

ZenMiner, a popular cloud mining service, has halted operations due to “unstable market conditions.” The Bitcoin cloud mining company announced this decision as an update notice on the ZenMiner website. The company is planning to adjust its operations to changing market conditions in the future.

Topic: ZenMiner Shuts Down Cloud Mining Services (Read 676 times)