Zenminer Cloud Mining Disabled - Indefinitely Put On Hold
GAW & Zenminer Cloud mining operations have been 'indefinitely put on hold' [sic]. That is the message that greets the Zenminer cloud users while logging into their portal. Zenminer cloud informs the logged in users that this is a move to protect the user's value and to reduce risk. The reasons given are these two, as shown in the image on the right: Continued mining places customer's value at risk. Customers mining efforts at risk. Thanks to all of the factors mentioned below: Bitcoin Roller Coaster Price fluctuations. Unstable Market Conditions. Diminishing Bitcoin Value. Unbalanced Cost....
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A former employee of GAW Miners is claiming that the company's previously announced $8m investment in the cloud mining firm ZenMiner never took place. In a new post on the GetHashing forum, former ZenMiner chief Eric Capuano set forth the allegation, the latest in a string of controversies affecting the mining firm. Capuano is among a number of individuals to depart the company earlier this year. While rumors that the ZenMiner purchase never occurred have circulated for months, this is the first time a former GAW staff member has stated the $8m investment was a fabrication. GAW said in....
In a ground breaking move Zenminer partnered with GAWMiners to bring a new miner operating system control unit and ecosystem to the market place. Groundbreaking Deal Between GAWMiners and Zenminer Will Revolutionize Mining! The new controller is called the zenController and will allow for simple setup and use of almost any miner that needs a controller. It will do so in a secure environment and will allow anyone to pick up mining. I spoke on the phone with Thomas Fraser of Zenminer, Josh Garza, and Rami Abramov of GAWMiners for an hour getting details of the new controller, hardware that....
The Geniuses at Work Corporation, the parent company of bitcoin mining hardware specialist GAW Miners, has acquired a controlling stake in cloud mining provider ZenMiner for $8m. GAW Miners had originally announced a partnership deal with ZenMiner earlier this month. At the time, ZenMiner agreed to provide cloud hashing services as part of a broader strategic partnership. In the latest deal, GAW Corp. acquired a controlling stake in the cloud hosting company. GAW CEO Josh Garza told CoinDesk, the stake purchase follows a period of close collaboration between the two companies, and that the....
2015 hasn’t started in the best way for bitcoin. The constant decrease in its price has been dizzying and miners have been without any doubt the most affected by the skydiving price. This steady decline of the bitcoin price began to question the profitability of big mining operations due to high energy costs. This led to some of the major cloud mining companies to adopt more extreme measures. Two weeks ago, the well known cloud mining company Cex.io sadly announced on its official blog, it was temporarily shutting down its cloud mining operation because of the extreme instability at the....
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....