Venezuela to Educate Its Citizens on Crypto

After the launch of the national crypto Petro on February 20, the Venezuelan government has launched a free cryptocurrency training course  
26 February 2018   441

A free cryptocurrency course will teach citizens how to trade and mine cryptocurrencies, particularly the national oil-backed Petro, which was issued by the government on February 20. The courses will be based in Caracas, in Granja Laboratorio Petro school.

According to Carmen Salvador, a teacher of cryptocurrency trading at the established training course, the school offers a completely free training. He also noted that in any international market a trading course cost more than $500 to $800.

Many of our young people here find it impossible to have this amount of resources but the Venezuelan state is guaranteeing that all can participate through these plans.

Carmen Salvador

The teacher of cryptocurrency trading

The national oil-backed cryptocurrency was launched by the Venezuelan government in order to in order to attract foreign investors, bypassing the economic sanctions that are enforced against the country by the United States and the European Union.

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.