ZenMiner Shuts Down Cloud Mining Services

[Coinbuddy]

ZenMiner, a popular cloud mining service, has halted operations due to “unstable market conditions.” The Bitcoin cloud mining company announced this decision as an update notice on the ZenMiner website. The company is planning to adjust its operations to changing market conditions in the future.

[Remember remember the 5th of November]

You know what? I see this as Bitcoin fixing the problem, which cloud-mining is. It is killing these horribly wrong businesses.

[Divinespark]

Yep, creative destruction playing itself out. Whoever deserves to live, will thrive. Whoever doesn't, doesn't anyway..

[foxkyu]

ZenMiner, a popular cloud mining service, has halted operations due to “unstable market conditions.” The Bitcoin cloud mining company announced this decision as an update notice on the ZenMiner website. The company is planning to adjust its operations to changing market conditions in the future.

just another cloud mining stop their mining service
and there will be more service doing that
as you know mining bitcoin is not profitable right now

[Skinnyman]

You know what? I see this as Bitcoin fixing the problem, which cloud-mining is. It is killing these horribly wrong businesses.

I think they were just catering to the market, though most of them were ponzies anyway. I don't think we should be glad too see any businesses ceasing operations because of the low price. This is very bad for bitcoin in my opinion.