Crypto Ups and Downs on 13 - 19 Feb

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 13 to Feb 19
19 February 2018   769

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

This week was rather successful for some coins and tokens with high market capitalization, for instance, Genesis Vision is currently the leader of our charts as it rose almost 90% within past 7 days. ZClassic keeps growing, as it did last week, and its price increased from $114 on February 13 to $197 on February 19.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
ZClassic 654 391 255 195,51 17 548 600 + 88.41
ChainLink 273 424 550 0,781213 25 963 900 + 72.52
Santiment Network
Token
195 220 266 3,12 13 216 100 + 79.41
BridgeCoin 147 307 410 121,85 10 925 800 + 89.96
Genesis Vision 224 350 609 5,46 44 001  + 89.99

Nevertheless, past week was not so fortunate for some of cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, losing popularity among the users.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
U.CASH 143 760 361 0,097432 538 643 - 41.00
XPA 122 331 000 0,122331 270 543 - 22.71
SIRIN LABS Token 85 075 963 0,859879 22 809 000 - 18.56
SpankChain 68 903 163 0,229644 490 178 - 16.43
Unikoin Gold 51 653 452 0,367769 587 161 - 16.81

The greatest downer of this week is U.CASH, which fell 41%, having its market capitalization decreased from $273 million to $147 million only within 7 days. Moreover, XPA token has also had a relatively unsuccessful week, as it fell 22,71%, having its price dropped from $0,16 to $0,12 from February 13 to February 19.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   98

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.