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Bitcoin Miner ZeusHash Faces Cloud Service Shutdown

16 January 2015 | Stan Higgins | Coindesk.com

ZeusHash, the cloud mining service operated by mining hardware company ZeusMiner, has announced that it may be forced to shut down its bitcoin cloud mining operations.

The news comes weeks after ZeusHash announced that it would suspend its scrypt cloud mining offering due to unprofitability. In a message dated 15th January, the service said that bitcoin cloud mining contracts would be frozen after 10 days of unprofitability, in accordance with its terms of service.

CoinTerra Silent Amid Alleged Cloud Mining Payout Freeze

8 January 2015 | Joon Ian Wong | Coindesk.com

Bitcoin mining hardware firm CoinTerra has been the subject of speculation this week, as emails purportedly sent by the company to customers of its cloud mining service suggest the firm has defaulted on debt obligations.

The email, signed by a representative of the CoinTerra support staff, claims that the firm is no longer capable of making payouts to customers.