Bitcoin: $6420 mark reached

Another historic maximum of first cryptocurrency reached
31 October 2017   935

On Tuesday, October 31, Bitcoin updated the new price maximum. At the 14:33 GMT, 31.10.2017, price of BTC at Bitfinex reached $6420.0. Market capitalization at the same time is over $ 105 billion.

Bitfinex Bitcoin price chart
Bitfinex Bitcoin price chart

The rise in the price of BTC is taking place against the backdrop of fresh news that the CME Group plans to launch Bitcoins futures contracts trading by the end of the year.

At the moment of press, average Bitcoin price is $6379.09 with $1.8B 24 hours trading volume.

24 hours Bitcoin average price chart
24 hours Bitcoin average price chart

Last price record ($6330) was detected at Sunday, 29.10.2017. 

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   97

Users of HashFlare mining pool can't withdraw their funds, while their contracts are threatened with a temporary ban. Even lower restrictions on withdrawal of funds in the amount of 0.03 BTC caused problems for users, but the service raised the threshold to 0.05 BTC and 0.1 ETH . This is reported by Cryptovest.

In addition, financial pyramids are often promoted under the guise of mining contracts for cloud mining. For last few months, there was a big jump in mining difficulty of many cryptocurrencies, so, old contacts had become unprofitable.

As reported, the reason for the locked funds dates back further - at the beginning of June, so much hashing power was flowing into the Bitcoin network that contracts saw all the mined coins go toward their maintenance fee.

Currently, more and more users who have purchased contracts at earlier stages are facing the fact that they can not withdraw their funds. One of them managed to return the money spent through the bank card operator after filing a corresponding complaint.

To anybody that purchased a Hashflare cloud mining contract with a credit card, it might be possible to get a refund with that credit card as one of my followers tipped me. He bought his contracts at the end of 2017.

bccponzi at Twitter

The hash rate of bitcoin increased from 13 EHash / s at the beginning of the year to more than 40 EHash / s in recent months. The difficulty of mining in the present conditions depends on the circumstances of the specific miner. The cost of bitcoin mining for some of them is $ 4,400, while others spend about $ 5,800. However, in 2018, cloudy mining is called an even more dubious occupation than before, especially when it comes to mining bitcoin.