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Bitcoin Miner ZeusHash Faces Cloud Service Shutdown
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....
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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....
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....
ZeusMiner and Rockminer recently formed a partnership to bring both Bitcoin ASIC miners and ASIC Scrypt miners to the market. They also have used this partnership to bring both Bitcoin and Litecoin mining to ZeusHash cloud mining platform. ZeusMiner recently debuted the ZeusHash Beta test to 400 invite only beta testers. This partnership is one that seems odd as the two are technically competitors in the miner hardware space. ZeusMiner has made a name for itself by selling Scrypt miners in a competitive and growing segment of the cryptocurrency market. Not only do they sell their miners....
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