Cloud Mining Suffers as Hash Rate Plateaus

By January 25, 2015Bitcoin Business

The latest bitcoin price crash has started a new debate on the long-term viability of many aspects of the mining industry.

Notably, one of the first segments to take a hit in the days leading up to the crash was cloud mining – services that lease out hashing power from usually large-scale mining enterprises based in data centres.

On January 12th CEX.io announced it would suspend cloud mining activities due to low prices. In a blog post […]

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