Things have been rather tumultuous for Cointellect over the past few weeks, as many customers have voiced their negative feelings towards the company. When we wrote our article yesterday about the contract payouts being changed all of a sudden, the mood turned even more sour than it already was. However, Cointellect made another announcement today that could offer a glimpse of hope to their customer base.
Cancelled & Frozen Cointellect Contracts
As mentioned yesterday, Cointellect’s contract structure would undergo some drastic changes, both in regards to payouts and availability. Older lower tier contracts have been effectively cancelled as of now, simple for the reason of them being obsolete and unprofitable due to the rising mining difficulty and falling Bitcoin price.