Weak Bitcoin Value Forces CEX. IO to Suspend Cloud Mining Services
CEX. IO, one of the leading bitcoin exchanges and cloud mining service providers, has announced the temporary suspension of its cloud mining services. They can attribute this policy change to the sudden and drastic drop in bitcoin value in the past weeks. The suspension is set to begin at the next bitcoin mining difficulty increase and it is unclear how long the suspension will continue. Jeffery Smilth, Chief Information Officer of CEX. IO, stated that this is a forced temporary measure, and. "...as soon as we get an opportunity to upgrade mining hardware, or come to more efficient terms....
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