The Philippines securities watchdog has warned that it will regulate cryptocurrency cloud mining contracts under existing securities rules.
India has proven to be a major region for Bitcoin activity. Not all of the ventures in this country are completely legitimate, unfortunately. Two leaders of a notorious cryptocurrency scam were arrested earlier this week. Amit and Vivek Bhardwaj are the individuals responsible for creating some of the Bitcoin MLM schemes active in India. Ending… […]
August is when GMO Internet says it could formally kick off its cloud mining service.
Multiple major entities around the globe show an interest in Bitcoin mining. That in itself is pretty interesting to keep an eye on. When players like Atlas Cloud Enterprises decide to get involved, things can change very quickly. The company has acquired a total of 1,000 Bitcoin miners. All of these devices are based on […]
Finding a reliable cloud mining service provider is not an easy feat. A lot of companies are shady or stop paying out after a while. Genesis Mining has been around for several years now, and they continue to provide a reliable service0. Although not everyone is a big fan of this service, cryptocurrency mining is […]
China’s crypto mining pool ViaBTC increases its maintenance fee ratio for AntMiner S9 cloud mining contract, citing mining resource scarcity in China.
Cryptocurrency cloud mining has always been problematic, both for companies and customers alike. Nearly every company in this industry is or turns into a major Ponzi scheme at some point. One of the few legitimate companies to date is Genesis Mining, but it looks like some of its customers are not too sure about the future of […]
Finding a legitimate cryptocurrency cloud mining service has proven to be difficult. The number of legitimate companies can be counted on one hand. Some people feel Coinomia is one of those legitimate companies, although one user reached out to us to tell a different story. This is a second-hand report, and we will continue to […]
Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client. Also read: Segwit2x Beta Released and New UAHF Code Proposal `ABC´ Removes 1MB-Limit Viabtc Introduces the Bitcoin […]
It is not all that easy to find a legitimate cryptocurrency cloud mining service. Nicehash is one of the few companies people can trust these days. The platform specializes in cloud mining, hash rental services, and multipool mining. It is refreshing to see legitimate companies pop up now and the in the landscape filled with […]
The promoter of GAW Miners and Zen Miner cloud cryptocurrency mining service platform has been slapped with a hefty fine and charged for running a fake mining operation. Mining cryptocurrencies is not just an exciting hobby, but a lucrative business opportunity as well. The use of computing power to crack cryptographic algorithms and get rewarded […]
Cloud mining companies are very easy to come by in the world of Bitcoin and cryptocurrency. Nearly all of these companies turn out to be complete scams, which is only to be expected. HashRev is one of the companies which will eventually disappear and take a lot of money with them. There are plenty of […]
It has been a while since we last took a look at one of the many Bitcoin cloud mining scams in the world of cryptocurrency. There is no shortage of these Ponzi schemes, though. Hashingroot is another company that claims to offer investors Bitcoin cloud mining, even though there is no credible evidence of their […]
The Summer is almost upon us and it appears the number of bitcoin cloud mining scams is increasing exponentially. Micro-BTC is another platform – quite similar to Micro Mining – that claims to provide cloud mining services to bitcoin investors. No one should invest their money in this platform by any means, as it offers […]
Even though most bitcoin users are well aware most cloud mining companies are Ponzi schemes, new platforms are created on a regular basis. One of the latest additions to the world of bitcoin scams goes by the name of BitCompany, as they provide cloud mining that pays hourly profits to investors. Once again, it is […]