Ebay might start accepting Bitcoin payments

Senior vice president of eBay Americas claimed that Ebay might integrate payments in Bitcoin due to mainstream cryptocurrency adoption
13 December 2017   887

Scott Cutler, a senior vice president who oversees eBay’s Americas business unit, told Yahoo Finance in an interview that eBay, a multinational e-commerce corporation headquartered in California, is seriously considering adding the function of payments in cryptocurrency, particularly in Bitcoin.

This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept Bitcoin as a form of payment. We’re seriously considering it as cryptocurrencies become more of a mainstream payment instrument, but we’re not quite there yet.

Scott Cutler

SVP, Ebay Americas

There are some retailers who accept cryptocurrency, for example, American internet retailer Overstock lets users pay in Bitcoin since January of 2014. But mostly, major retailers and wholesalers refuse to launch function of payments in Bitcoin becasuse of its high fees, volatility and existence of more suitable for payments cryptocurrencies like Monero or Tether. For instance, Steam digital distribution gaming platform has recently refused to accept Bitcoin as a payment method because of high transaction fees.

Currently eBay accepts payments through PayPal, credit cards, and debit cards, but does not accept any cryptocurrency as means of payment yet.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $17 096.80
  • Marketcap: $286 174 786 800
  • 24h volume: $14 326 600 000

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.