ZeusMiner’s CEO Terry Li On Changes From Hardware Sales to ZeusHash Cloud Mining
Recently ZeusMiner decided to cancel their anticipated Volcano next gen Scrypt miner. The move to stop manufacturing chips and miners is being made in favor of shifting completely to their cloud mining platform ZeusHash. The move was a difficult one for ZeusMiner as it is a successful chip and hardware manufacturer who provided Scrypt ASIC miners to miners directly and also to vendors as ZeusMiner branded and OEM. The change was one that was especially difficult for Terry Li the CEO of ZeusMiner who’s vision brought them to the forefront of Scrypt mining manufacturers. Terry was able to....
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ZeusMiner recently launched its own cloud hashing service, ZeusHash, and within a week of going live the company had already signed up thousands of users, according to CryptoCoinsNews. We had a chance to speak with Zeus Integrated System’s CEO Terry Li about his company’s new cloud mining platform. CoinTelegraph: Tell us about some of the unique features of ZeusHash. Terry Li: First of all, let's start with the boring and usual stuff. All of ZeusHash customers receive real mining output related to our pool. Because we have decent pool size and no pool fees, the coins generated should be....
ZeusHash, the cloud mining service operated by mining hardware company ZeusMiner, has announced that it may be forced to shut down its bitcoin cloud mining operations. The news comes weeks after ZeusHash announced that it would suspend its scrypt cloud mining offering due to unprofitability. In a message dated 15th January, the service said that bitcoin cloud mining contracts would be frozen after 10 days of unprofitability, in accordance with its terms of service. The company also advised customers against purchasing additional mining contracts, stating that "it's not the best time for....
Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
Cloud computing and crytpocurrency mining may have seemed like an odd combination back in the days of GPU, and later FPGA, bitcoin mining. The rise of ASICs for SHA-256 transaction processing on the Bitcoin network, however, meant that something had to give. That's where Cloud Hashing comes in: the company charges a per-gigahash contract fee that allows users to harness the company's own mining equipment. It's bitcoin mining in the cloud. Given the fact that mining equipment is loud and noisy, Cloud Hashing could easily be compared to any other type of 'heavy lifting' computational process....
Cloud mining service providers have been facing hard times ever since the Bitcoin price dropped below $320. Whereas major Bitcoin cloud mining service providers had to shut down operations for an undisclosed amount of time, new companies started appearing all over the internet. XScrypt is one of those cloud mining companies, but it looks like the “company” has gone bust after multiple issues with payouts. Running a cloud mining company is not as easy as it may sound. Not only does a cloud mining operator need access to mining hardware — either self-hosted or remote — but there are tons of....