Did ZEUS really halt the VOLCANO (gen III) project?

[Cyberman]

I saw many different speculations about ZEUS halting the GEN III project and some people like me still hope that someday ZEUS would change their mind and restart this project.

Actually, I feel confused that ZEUS would keep those GEN III chips to build a mining farm instead of selling them. Because selling those miners would bring a lot of interest and business risks would be transfer to the buyers.

If they really keep those miners in hand, then ZEUSHASH would get a great support and the price would be very competitive in the near future. As you guys realize, Zeus just reduced the maintenance fee to $2.3/THs for SHA mining, supposedly they own their powerful miners as a  great support. However, they owed it to its partners, like AsicMiner, XBTec and Rockminer. Who knows Maybe soon they’re going to lower the fees for scrypt mining.

[07Ghost]

Let's think about it, dude. Why not zeus selling mining rigs ? You hear the voices of a desire of Volcano or GEN III Chip Blade? Many people cant wait to upgrade their rigs with a blade. And Zeus can earn the reputation from it and honor the delivery term. The premise is that they Really have Volcano and blade!!! Why would zeus prefer to offer a refund rather than ship out miners?  The answer is : they've never produced it at all !!! A manufacturer will never risk itself breaking its promise. Besides, honestly with the price of coin right now its not worth the investment in any mining hardware considering how much it cost.

[redmonski]

Who would want to expand a mining farm with power hungry chips.

[Rabinovitch]

Besides, honestly with the price of coin right now its not worth the investment in any mining hardware considering how much it cost.

But who knows what will be the price several monthes later?..

[jawitech]

http://minerdesk.com/zeushash-may-start-terminating-scrypt-cloud-mining-contracts/?utm_medium=twitter&utm_source=twitterfeed

Nothing more to say, you got busted

[ajw7989]

http://minerdesk.com/zeushash-may-start-terminating-scrypt-cloud-mining-contracts/?utm_medium=twitter&utm_source=twitterfeed

Nothing more to say, you got busted

That is terrible and makes me glad I did not invest in zeushash. They should offer some kind of conversion to gh at the least. I doubt any mh contract reached ROI