Whalepool rejects SegWit2x

Another big Bitcoin-related organization rejected the upcoming hardfork
19 October 2017   1002

The largest community of bitcoin traders called Whalepool has announced its refusal to accept the SegWit2x hard fork. It had insisted on adding it to the list of industry representatives supporting Bitcoin Core developers.

The list was launched by the CEO and founder of Coinkite Rodolfo Nowak.

The Whalepool administration asked the Canadian entrepreneur to add the community to the nob2x list, and the answer was not long in coming

The list of nob2x includes companies and organizations that have not signed or withdrawn from the so-called New York agreement, where a decision was made on SegWit2x behind closed doors and without the participation of Bitcoin Core developers. It is expected that the hardfork will be held during the second week of November.

HashFlare Users to Face Withdrawal Issues

Looks like Bitcoin cloud mining is not super profitable
18 July 2018   70

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.