ViaBTC raises commissions for cloud mining services

One of the leading mining pools in China announced a temporary increase in the coefficient to 50% for cloud contracts, due to a shortage of resources in this industry.

The company's management explains such an unpopular decision by changes in Chinese government policy towards miners. With increasing pressure from regulators and significant increases in cloud mining costs, many Chinese enterprises operating in this area are ceasing operations. Therefore, ViaBTC considers a jump in the interest rate from 6% to 50% a necessary measure today. 

ViaBTC sent a notification to its users about the changed conditions of mining contracts a few days after the announcement of the closure of the direction. We previously reported on the company's intention to cease activities in the mining contracts market. The latest announcement from ViaBTC does not indicate a time frame for the fee increase, but it does indicate that users will be able to terminate their AntMiner S9 contracts until January 18th. At the same time, for contracts using AntMiner D3 and L3, the interest rate remains at 6%.   

New tariff plans came into force on January 13 of this year.

According to coindesk