ViaBTC increases the fees for the services of cloud mining on the background of increasing pressure on miners in China

ViaBTC increases the fees for the services of cloud mining on the background of increasing pressure on miners in China

Chinese mining pool ViaBTC published a new tariff plan on services of cloud mining.

It is assumed that the tariff changes impact of new regulatory policy in relation to mining industry in China.

In a statement issued on January 11, ViaBTC said that will temporarily increase the support ratio for the mining contract AntMiner S9 from the previous 6 percent to 50 percent. Currently, this mining pool accounts for 13.8 percent of global computing power.

The new rates will go into effect starting 8:00 UTC January 12.

Lately because of changes in public policy some of our long-term hosting partners are faced with a crisis and forced to close their mining farm, the conditions for mining in mainland China are becoming more sophisticated, resulting in serious increase in the cost of cloud mining.

The notice appeared just a few days after the company announced the closure of its market mining contracts on 8 January. Then the company noted that Chinese regulators have taken steps to reduce the tax, the electricity and other benefits for companies involved in mining.

Although the company did not indicate at what period introduced a temporary tariff increase, users can submit request to break contracts for cloud mining AntMiner using the S9 until January 18.

Meanwhile, the statement said that the support ratio for contracts using AntMiner D3 or L3 remains unchanged at 6 percent.

Let's Disqus