The Chinese Mining Pool ViaBTC announced its intention to increase the commission charged under the contracts for cloud mining, citing increased pressure from regulators.
ViaBTC reports that it will temporarily raise the commission for servicing the AntMiner S9 miners, which are provided to customers through cloud mining contracts, from 6% to 50%. At the time of preparation of the material, ViaBTC accounts for 14.1% of the hash-capacity of the bitcoin network.
As a reason for such a decision, ViaBTC called the deficit of the mining resources in China, caused by the latest actions of local regulators.
"Recently, due to policy changes, some of our long-term partners have faced a crisis caused by the closure of farms. Mine-growing resources in China are becoming more limited, which is why the cost of cloud-based mining operations soared, "ViaBTC explains.
On January 8, the company announced that it is closing the marketplace of the mining contracts in the light of the abolition of tax, tariff and other benefits that until recently the Chinese government provided to the miners.
Although ViaBTC reports that these measures are temporary, the specific time frame for the company results. At the same time, users who are owners of mining contracts for AntMiner S9 have the right to cancel them before January 18.