Other Bitcoin news sites are claiming that ZeusHash is facing a cloud mining shutdown in the near future. After we reached out to ZeusHash, we learned this is not yet the case, although the company issued a warning in regards to the current unprofitable state of Bitcoin. Let’s report on what is actually going over at ZeusHash.
Current Bitcoin Price is Unprofitable for Cloud Mining
It is no secret that Bitcoin cloud mining at current prices is far from profitable. In fact, most miners are cloud mining at a loss on a nearly daily basis right now. Popular bitcoin cloud mining service CEX.io has already suspended their cloud ;ining operations for the time being, and other companies may have to follow the same route.