Ukrainian Shipping company accepts bitcoin

The company believes that to use of bitcoin will bring many benefits to the global shipping industry
30 November 2017   626

Varamar Ltd. a Odessa shipping company will be among the first shipping operators to accept payments in bitcoin. The company is negotiating about its first transaction in bitcoin with a client. Then it is going to accept the cryptocurrency too. Working with bitcoin will reduce the time and quantity of documents than is used in standard banking applications. It can also help in dealing with countries affected by sanctions.

Paperwork for transactions is a complicated issue with banks, and bitcoin payments will help solve that by being faster.It could also help solve payment problems in countries like Pakistan, Russia, Sudan, Yemen, and Qatar, which have safe companies but are victims of sanctions being imposed against their governments.


Alexander Varvarenko

founder of the Varamar Ltd.

Other shippers are also considering using bitcoin deals. For example, Russian Interchart Shipping Inc. is working on a system to let them pay in bitcoin because some their customers aren’t able to easily transact in dollars due to bank restrictions.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   117

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.