Crypto Ups and Downs on 20 - 26 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 20 to Feb 26
26 February 2018   736

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, Pura is currently the leader of our charts as it rose 41% within past 7 days. DigixDAO is also rising, it managed to increase almost 40%, having grown from $278 on February 20 to $414 on February 26. This week was less profitable for the cryptocurrencies than the previous one, when most of the coins rose more than 80%.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Nano 1 606 321 451 12,06 112 009 000 + 33.74
DigixDAO 832 954 000 416,48 64 577 200 + 39.82
Dent 326 836 982 0,030791 8 200 760 + 21.61
ReddCoin 291 099 654 0,010119 30 387 000 + 31.69
Pura 106 018 209 0,613156 296 182  + 41.37

Nevertheless, past week was not so fortunate for some 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)
ZClassic 391 019 127 115,03 18 808 700 - 39.87
Experience Points 105 810 567 0,000490 762 735 - 39.99
U.CASH 76 218 239 0,041318 194 322 - 61.12
Agoras Tokens 37 934 274 0,903395 797 652 - 61.87
All Sports 34 782 212 0,079059 2 382 300 - 45.31

The greatest downer of this week is Agoras Tokens, which fell 61,87%, having its market capitalization decreased from $106 million to $37 million only within 7 days. Moreover, U.CASH token has also had an unsuccessful week, as it fell 61,12%, having its price drop from $0,083 to $0,036 from February 20 to February 26.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   108

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.