Bitcoin Account Suspended by Twitter

Twitter has suspended the original account of @Bitcoin which was immediately noticed by such major figures as Charlie Lee and Roger Ver
09 April 2018   560

There are a lot of news every day regarding the cryptocurrency regulations, but Twitter blocking the accounts of major cryptocurrecnies is something new. Twitter was always blocking fake accounts, or the ones impersonating famous figures and those which were trying to steal money from other users by posting fake challenges and airdrops. But on April 8, Twitter has suspended @Bitcoin account, which was supposedly violating Twitter Rules.  

Charlie lee tweet regarding bitcoinCharlie Lee tweet regarding Bitcoin account

The news of suspension did not remain unnoticed by crypto community, and such major figures as Charlie Lee, Roger Ver and others have posted about it on their Twitter profiles. Moreover, the news received a lot of attention among Reddit users.

Roger Ver tweet regarding Bitcoin accountRoger Ver tweet regarding Bitcoin account

Ther opinions of the community towards the news of @Bitcoin account suspension were divided, as some of the users thought that it is good news as the account was for years and years "basically a price bot". Others were unsatisfied stating that Twitter banned @Bitcoin account, but did not bother to suspend thousands of other fraudulent and fake accounts, which certainly violate the Twitter Rules.

Currently the @Bitcoin account name is taken by a new user with around 1600 followers, supposedly not related to cryptocurrency, and the account is private, so there is no possibility to view the tweets.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   92

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.