Zeushash scrypt cloud mining contracts will be cancelled

[snowcrawl]

All Zeushash customers who purchased lifetime MHS contracts will most likely lose their entire investment on Boxing Day.  Based on current information, they will have no recourse, except an invitation from the company to buy new GHS contracts.  Their contract stipulates that Zeus reserves the right to cancel the contracts after 10 consecutive days of negative litecoin mining returns.

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

[jawitech]

Thanks for sharing. Wow, after cancelling the Gen3 products they forced people to buy their cloud shit and now this...

[snowcrawl]

As per Zeus’ latest statement, our contracts will go dormant for a period of 15 days, effective today. The miners have already been turned off. This in in the hope that the value of litecoin rises within the next 2 weeks to a point where profitability is such that the miners would be turned back on. This is a last ditch effort to turn things around, however I seriously doubt that litecoin will recover to workable levels within 2 weeks.  At the very least, it will delay the bad news of lost investment to sometime after the Christmas holidays.