ViaBTC closing its marketplace for mining contracts

posted 6 months ago
Chinese bitcoin mining pool ViaBTC has announced that it will close its marketplace for mining contracts this week, a move that comes amid new reports of a ban by authorities in the country.

In a Jan. 8 statement, ViaBTC said that it would shut down the market – through which users can purchase contracts entitling them to a certain amount of hashing power (and the associated cryptocurrency payouts) – on Jan. 10. The reason: the company wants to "control speculation and protect the interests of our investors."

"Please finish all your cloud mining contract trading ASAP. Thank you all for your support," ViaBTC added.

ViaBTC first launched its cloud mining service in November 2016.

The closure comes months after ViaBTC shut down its cryptocurrency exchange.
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