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ViaBTC closes the contract mining market

January 13, 2018 | By | 2 Replies More

ViaBTC closes the contract mining market – the mining pool ViaBTC announced that it will close the market for the bitcoins mining contracts due the new restrictions of the Chinese government.

Thanks to the mining pool, users could buy contracts that give them the right to a certain payment for providing the appropriate hashing capacity.

ViaBTC closes the contract mining marketViaBTC closes the contract mining market

ViaBTC launched one’s services for cloud mining in November 2016. The closure occurs a few months after ViaBTC closed its exchange of crypto-currencies due to the regulation by the Chinese authorities of the situation in the country’s exchange ecosystem. Chinese officials also issued a ban on holding the initial offer of coins (ICO) in September 2017.

  • Officials in China are seeking to gradually close internal operations for the exchange of bitcoin and other crypto-currencies.
  • They want force miners to prepare and submit reports on a monthly basis.
  • Chinese miners are now looking for an opportunity to leave the country, looking to Europe and North America as a possible new shelter. 

Source: https://shuaxuan.com/cms/p298be

Category: News

Comments (2)

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  1. Neal says:

    When it is sad that they decided to close their company. On the other hand, it may be correct, so they warn us in advance and thus we do not bear losses, they do not. And officials, as usually has any benefit on any! After all, there can be no such thing that they just wanted to close the market of extraction and exchange of our bitcoin. The Chinese are still crooks!!!

  2. Katya says:

    It is a pity that the company closes ViaBTC. It’s good that these people are honest and made it public in advance. Closing the company is the result of the work of the Chinese government. My opinion is that, as always, officials do everything in their own interests, because it’s not for nothing that the miners are going to leave the country! Europe meet new refugees.

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Comments (2)

Trackback URL | Comments RSS Feed

  1. Neal says:

    When it is sad that they decided to close their company. On the other hand, it may be correct, so they warn us in advance and thus we do not bear losses, they do not. And officials, as usually has any benefit on any! After all, there can be no such thing that they just wanted to close the market of extraction and exchange of our bitcoin. The Chinese are still crooks!!!

  2. Katya says:

    It is a pity that the company closes ViaBTC. It’s good that these people are honest and made it public in advance. Closing the company is the result of the work of the Chinese government. My opinion is that, as always, officials do everything in their own interests, because it’s not for nothing that the miners are going to leave the country! Europe meet new refugees.

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