Archive for the ‘Crypto News’ Category

Potential Class Action Lawsuit Against KnCMiner

13, Oct 2014

kncclassaction

The Law Office of Charlotte C. Lin has announced that it is investigating KNCMiner for possible breach of implied warranty of fitness, misrepresentation, and other violations of law by failing to provide a functional or usable product, false advertising; failing to deliver product within adequate time frame, and failing to provide refund upon demand. The Law Office of Charlotte C. Lin is inviting everyone who is not satisfied with his Titan order from KNC to contact them in order to get more details on what possible legal actions can be taken against the company.

Under the terms of the advertised Titan, it should “Yield a minimum of 300 MH/s” and “purchasers shall also receive the Titan during Q3 of 2014” both of which have certainly been up for debate in the mining community at large. The investigation relates to whether the Titan delivered hashing power below advertised, whether the Titans were delivered late, whether such violations breached its Implied Warranty of Fitness and whether KNCMiner made misrepresentations.

– For more information about the possible class action lawsuit against KnCMiner…

The New ZeusHash Cloud Mining Service Now Officially Open for Users

3, Oct 2014

zeushash-cloud-mining-platform

After a short period of closed beta testing the new ZeusHash cloud mining service by ZeusMiner has been officially launched and is now open for registration. The users that have previously purchased ZeusHash Scrypt cloud mining hashrate will have their hashrate transferred to the new platform in the form of 1 year contract with no maintenance fees. The hashrate that can now be purchased directly through the new ZeusHash platform however does come in the form of unlimited contract with maintenance fees. The current cloud mining BTC/LTC hashrates are with prices of $0.889 USD per GHS for Bitcoin mining hashrate and $15.99 USD per MHS for Litecoin mining hashrate. Currently the service operates with maintenance fees fixed at $0.003 USD per day for each 1 GHS Bitcoin cloud hashrate and $0.059 USD for each 1 MHS worth of Scrypt cloud mining hashrate.

The initial closed beta test included 400 people, and now since the service is open for everyone to try it out and it was just launched there could be some issues with too high demand for users initially. Especially considering the fact that ZeusMiner has already announced that the first 100 users (number 1-100) who register for Zeushash will receive 4 GHS BitCoin node power and users between 101 and 1000 we will get 1 GHS BitCoin node power and 100 KHS LiteCoin node power for a month. At the moment it seems that the service appears a bit slow in terms of speed and may occasionally be unavailable, but hopefully this will soon be resolved. We already have our account and the hashrate from the old service already transferred to the new platform. The prices for the hashrate being sold are not bad, however the maintenance fees for the BTC hashrate are not so low as with some other alternative services. This is to be expected however as ZeusMiner does not make SHA-256 ASIC miners on their own, so as a Scrypt ASIC manufacturer their terms and prices for LTC mining are expected to be better.

– For more information about the new ZeusHash BTC and LTC cloud mining service…

ZeusHash Cloud Mining Platform Now in Closed Beta Testing

29, Sep 2014

zeushash-cloud-platform

ZeusMiner has started a closed beta testing of their new ZeusHash cloud mining platform, we have been using the old basic Scrypt cloud mining service they have been offering for a bit, the same platform that they used for hosted miners. So we are really looking forward in seeing what they have to offer in the new version after the closed beta test finishes, which according to them should take about a week before the platform is open for everyone. It seems that the new ZeusHash cloud mining platform will offer both Scrypt and SHA-256 cloud mining options and there will apparently also be a trading functionality to sell your hashrate. The prices are $0.889 USD per GHS for Bitcoin mining hashrate and $15.99 USD per MHS for Litecoin mining hashrate. ZeusMiner is still selling Scrypt cloud mining hahrate that will be allocated in the old platform for the moment, but once the new one is open it will most likely be moved there.

– For more information about the new ZeusHash BTC and LTC cloud mining service…


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