But the company wants to offer its customers a 10 % discount off the price of their
first cloud mining contract purchased using discount code.
The Securities and Exchange Commission of the Philippines has declared that cryptocurrency
cloud mining contracts qualify as securities underneath the Howey test.
The advisory warns that entities selling these contracts may «be prosecuted and held criminally liable,» and recommends that the public stop investing in
unregistered cloud mining contracts.
China's crypto mining pool ViaBTC increases its maintenance fee ratio for AntMiner
S9 cloud mining contract, citing mining resource scarcity in China.
One of Genesis Mining's most
popular cloud mining contracts is the unlimited bitcoin mining contract, which will run indefinitely as long as the price of bitcoin does not drop to a level where the costs of mining exceed the revenues it generates.
China - based ViaBTC, a Bitcoin mining pool and
cloud mining contract provider announced today that in order to meet growing demand for mining diversification from users all over the world and to provide a wider range of mining selections, ViaBTC is launching a new ETH mining pool.
In purchasing
a cloud mining contract, an entity buys the rights to some portion of the tokens mined through the use of mining equipment that is owned by a different person or group.
Once issued,
some cloud mining contracts can be bought and sold.
According to the document,
cloud mining contracts would be deemed securities under the Howey test because they involve an «investment of money,» that investment is made in a «common enterprise,» investors expect profits in return for purchasing the contracts, and those profits «are generated from the efforts of» the «cloud mining company.»
Cryptocurrency
cloud mining contracts will now be thought to be securities within the Philippines, and entities that intend to promote them will have to follow for licensure.
Some miners are already taking steps to close down with ViaBTC just announcing they are closing
their cloud mining contracts:
In other news, CloudHashing has being buying back
cloud mining contracts.
You can also mine Litecoin through
a cloud mining contract with Hashflare or Genesis Mining.
But until enough tokens become available on exchanges, Zcash enthusiasts are poised to acquire their ZEC first - hand by mining for it, either by setting up a home rig or by signing up for
a cloud mining contract.
The cloud mining contracts on HashFlare offers numerous features, such as proof of hash rate, mining pool selection, and instant payouts.
HashCloud crypto
cloud mining contracts are the first cloud mining contracts that guarantee customers 100 % mining rewards on a pay - per - share (PPS) basis.
Cloud mining refers to the process through which a person buys a crypto mining contract at a large mining operation, which will then share part of their mining returns with
the cloud mining contract holder.