Latest Cloud Mining News

  • Philippines SEC warns of 'cloud mining' Ponzi related to Bitcoin Vault
    Philippines SEC warns of 'cloud mining' Ponzi related to Bitcoin Vault
    The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. The Philippines SEC has released an official warning about Bitcoin (BTC) “cloud mining” company Mining City, advising the public to steer clear of the scheme and others like it.
  • BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer
    BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer
    The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself. China-based mining pool Btc.top wants to upgrade the concept of cloud mining, which allows users to mine crypto remotely by buying a certain amount of hash power from a third-party, with what it calls “joint mining.” Announced on July 25, the company’s new “joint mining” subsidiary B.top aims to reduce the risks associated with “popular cloud mining products” by offering more flexibility. Specifically, B.top claims to charge service and maintenance fees to its users only after they have reached the break-even point, meaning that its customers start to share profits when their revenue is equal to the cost they initially paid to purchase the equipment.
  • Cryptojacking and Ransomware Cases Grow in Mexico
    Cryptojacking and Ransomware Cases Grow in Mexico
    Mexican media report on a new study that reveals a lack of trust from locals towards public cloud network security as cryptojacking cases rise. Mexican users of public cloud networks report a surge in cryptojacking and ransomeware attacks in recent months. According to El Economista, almost three quarters of Mexican companies that use cloud networks including Amazon, Google and Microsoft, report security incidents resulting in negative perceptions by citizens.