Posts Tagged ‘BTC cloud mining’

The Bit-Mining Cloud Mining Service Experiencing Problems Again

19, Apr 2014

bit-mining-cloud-mining-service

We’ve been testing the Bit-Mining cloud mining service for a while already and our experience with it was actually Ok while the service was working properly. The problem is however that the service was not functioning properly pretty much most of the time since we started testing it and yet again it seems to be experiencing some serious issues. The last time that the service was apparently “hacked” it took more than just a few days to restore the normal operation, then there were some issues with the SSL certificate of the service and now again they have been having some issues for more than a few days already. What we do not like is that the people behind the service are not very active in communicating about the problems when they have some, so the users can be rest assured that they are going to be fixed. And since they do have problems so often what is happening is that their users are going away and so are we. We decided to give a second chance after their last problem was fixed, but now we can already draw our conclusion – stay away for the service. They do have too much problem, take a lot of time to fix them and you as the user only get some headaches from all of the trouble associated with it to be worth it.

Currently users are unable to login, resetting the password could work for some, but after loging in successfully the service is still not properly functioning. The last official news from the service was a short post on April 15th at the Bitcoitalk forum quoted below:

Hello Bit-Miners,

We apologize for the lack of communication during these last few days. As you all have noticed, there have been many issues and down times as of late with the website. We have received many hack attempts in the last few days at Bit-Mining.Co, which has caused us many issues. All our staff members are working together to fix all the issues and bring the website back to normal activity as soon as possible.
All open tickets should be resolved and withdrawals processed in the next 48 hours.
If you don’t see your issue resolved in the next 48 Hours, please email us
at: Support@Bit-Mining.Co . Again, we apologize for the lack of communication.
From now on, we will keep you updated more frequently by using social media pages.
Please follow us on Facebook: https://www.facebook.com/bitmining
and Twitter: https://twitter.com/Bit_Mining

Bit-Mining.Co

The problem is that since then nothing new has been available as information, no communication through the Facebook or Twitter pages that are supposed to be used for things like that. And the service is still not properly functioning after a few days have passed already. Again, we’ve had enough of issues and recommend to stay away from that service and if you are using it and still haven’t withdrawn your coins you should consider doing so after they finally fix this problem as well.

– For more information about the Bit Mining BTC/LTC cloud mining service…

CEX.IO Bitcoin Commodity Exchange Adding Trading Fees

3, Apr 2014

cexio-trade-fee-introduction

The Bitcoin cloud mining service and exchange CEX.io has announced its plans on introducing trading fees on their exchange. Up until now trading there did not have any fees, making the exchange very attractive place to trade due to the large trading volume as well. The lack of fee was also interesting if you were using an automated trading solution as it could more easily realize a profit without having to take into account a fee when executing trades. It was expected that sooner or later a fee would be imposed as crypto currency exchanges usually do get their profit from trading fees.

The introduction of the trade fee should happen within two weeks according to the official information and it will be implemented in two stages. Starting with a fixed commission of 0.2% for everyone and and then a month later moving from a fixed to flexible fee between 0.2% and 0.5%, depending on the 30-day trading history of each user. It is interesting to note that the reason given for the addition of the fees is because the platform is currently preparing the necessary foundation for the introduction of US dollars trading on the exchange and apparently BTC/USD and USD/GHS trading pairs will soon be introduced. CEX.io has also announced their plans on soon introducing Litecoin cloud mining as well, though no date for that is yet announced and it could take some more time before they have the right ASIC hardware available to provide the mining power they need for that.

PB Mining With an Improved Website Interface and Functionality

25, Mar 2014

pb-mining-new-website

Today the Bitcoin cloud mining service PB Mining has updated their website, something that they have previously announced. Earlier today there was a message about the update pointing to the new IP address of the website, though some of you might still see that message until the DNS cache is refreshed. The new website is not a complete makeover, but more like adding new features and improvements to the interface of the service. We are happy to see that some of the things that we did not like about it initially are now fixed, such as the ability to update your Bitcoin payment wallet address. There is now more clearly structured and detailed information about your cloud hashrate and when your cloud mining contract expires and so on. There could be a few more issues n the next days that need to be worked on, but hopefully things will be back to normal and the support of the service is working to bring everything back to normal after the update.

We’ve been testing the service for a month already and though we had some concerns when we first started, now we can say that most of them are gone. The service has been running stable and problem free and we were getting our mined coins each week on time. We are still not ready to invest a lot of coins in the service as we are still testing it, but we are gradually adding more hashrate pretty much each week or when the difficulty has increased. The reason or that is the decrease in price per GHS that the service has with each difficulty adjustment to the already most attractive price they have for cloud mining.

At the moment they have 78 THS worth of hashrate and the option to buy a contract at 0.0075 BTC per GHS currently says that it has all been sold out. This however can be a result of temporary disabling the option to purchase new hashrate until everything is operating normally after the move, the same can also be true about new registrations. If you are already using the service and are having some issues try contacting the support or post in the dedicated thread about the service on Bitcointalk linked below.

– To the PB Mining cloud mining service dedicated topic at the Bitcointalk forum…


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