Cloud Mining Czech Style: How to Get Most Out Of Your Bitcoin
Pavel Veselik from Maximus Coin on the Bitcoin cloud mining industry, its challenges and opportunities in the Czech Republic. Everyone can be an investor. Maximus Coin, a Bitcoin cloud mining company based in the Czech Republic, is quite a new industry player which focuses on developing New Age crypto-mining algorithms. The company aims to offer returns through their transparent, realistic and short-term investment plans. With the introduction of cloud mining it became easier to mine Bitcoin and other cryptocurrencies in the comfort of your own home without having to invest in huge data....
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Bitcoin cloud mining company Maximus Coin recently announced that it has moved its headquarters to Malta. The Czech-based firm, which offers 200-300% returns on principal Bitcoin cloud mining investments, cited risky Bitcoin laws as the major reason behind its decision. It explained how their services, which require people to deposit and withdraw notable amounts of Bitcoin on daily basis, cannot be supervised by Czech Republic regulation authorities, for they neither consider Bitcoin cashless means of payment nor electronic money. Maximus Coin added that moving to Malta will not affect its....
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....
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....
On January 22, the Czech Bitcoin exchange, WBTCB, launched a new service that will allow Czech residents to buy bitcoin at over 8,000 terminals around the country. After completing three steps, users will be able to have bitcoin in their hands. The ATMs do not require extensive identification documents and allows for anonymous purchases. The transaction is fee is 7%, which is higher than other Bticoin ATMs. According to Czech citizen and Reddit user Kamilosas, the ATMs will vastly improve the Czech Bitcoin economy, despite the high fees.
In the world of cloud-based bitcoin mining, you never know what you are going to get. Most operators should be scrutinized and researched thoroughly before signing up as there are definitely some legitimate operations. However, there are quite a bit of shady practices as well in the cloud mining space. Recently, a lot of discussions have been aimed at....