ZeusHash, one of the few remaining legit Bitcoin cloud mining services, recently announced their new cloud mining contract. In order to stay profitable for miners, the ZeusHash team had to work out a deal with their partners in order to further reduce maintenance costs while the price per BTC is lower than anticipated at this time of year.
New Bitcoin Cloud Mining Contract
When the bitcoin price loses value, it becomes harder and harder for (cloud) miners to make a profit. And seeing how the Bitcoin price keeps going up and down in very similar patterns throughout the day, it is hard to judge when cloud mining will become profitable again. ZeusHash is one of those cloud mining companies that will not sit around waiting for things to turn around, they will go to length to ensure their customers are not making significant losses/
As a result of that dedication, ZeusHash managed to strike a deal with their current partners in order to offer a new Bitcoin cloud mining contract. Not too many details have been made available just yet, other than the fact it will be presented one week from today. What we do know is that the new GHS contract will be supported by much more advanced miners, and both energy and maintenance costs will be lowered.
All of the preparations for the new ZeusHash contract are in the final stages as we speak, and current GHS contract customers will be able to purchase the brand new GHS contract with a serious discount. No official word yet on how big this discount will be, but we are monitoring the situation closely.
GHS Contracts Freezing Warning
Several major Bitcoin news outlets labelled the ZeusHash GHS contract freezing warning as “the demise of their services”. The ZeusHash team would like to stress that these kind of articles were extremely premature and taken out of context. Granted, the current Bitcoin price is not doing cloud mining businesses any favors, but things are starting to look up again as the Bitcoin price increases.
Furthermore, ZeusHash stresses that cloud mining operations will remain one of the important foundation of the ZeusHash ecosystem. And as the customers keep supporting ZeusHash; things can only get better from here on out. ZeusHash will be bringing more possibilities and unique features to the community in the near future.
Source : ZeusHash newsletter
Website : http://zeushash.com