Cryptocurrency capitalization exceeded $ 300 billion

The total value of the digital currencies on the market exceeded the $ 300 billion mark
27 November 2017   644

According to the analytical service of Coinmarketcap, at present the capitalization of the cryptocurrency is $ 304.9 billion; the cumulative daily turnover of trades - $ 12.4 billion. Such a rapid growth in market capitalization is largely due to the recent rally of the first digital currency, whose price is confidently approaching the mark of $ 10,000.

The index of dominance of the first cryptocurrency is still relatively high and is 53.5%. Also bitcoin is the undisputed leader in the daily trading volume ($ 5.8 billion). Recently many other cryptocurrencies have demonstrated strong growth too, which could not but affect the growth of the market.

On the first day of 2017, the total value of digital currencies hardly exceeded the $ 18 billion mark. Mark of $ 200 billion market cryptocurrency overcame at the beginning of November. Since the beginning of the year, the cryptocurrency market has grown more than 16 times.

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.