ZeusHash Offers Up To 30% Off Bitcoin Cloud Mining Batch II And Launches Extensive Cryptocurrency E-Commerce Platforms

With over 90 000 customers worldwide, cloud hashing platform ZeusHash is pleased to announce a new batch of Bitcoin cloud mining with up to 30% price drop and 15% cut in maintenance fees. Up to 20% discounts are offered for existing customers. Cryptocurrency e-commerce platforms are also under development.

CHINA / ACCESSWIRE / January 30, 2015 / "ZeusHash's efforts to deliver the best cloud hashing services has never stopped and we hold a strong belief in the future of the crypto industry." Stated ZeusHash management earlier today.

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ZeusHash was launched on October 3rd 2014. In only 3 months, ZeusHash has successfully signed up over 90,000 users from 190 countries and regions around the world. The innovative cloud mining platform has just announced new batch II GHS cloud mining available for purchase. In the current climate of Bitcoin price instability, ZeusHash's commitment to their regular clients is highlighted by rewarding all customers who registered before January 27th 2015 with 10% off all GHS purchases. Recognized VIP users also receive a 20% off any cloud mining purchased.

Brand new users will also receive one week of zero maintenance fees if they are one of the first 10 orders of the day. This special offer lasts from January 27th to January 31st 2015. Cloud mining prices start as low as $359 for 1 THS and $0.002 per GHS in maintenance fees per day.

As well as extensive cloud mining infrastructure Zeus also retails Bitcoin ASIC Antminer S5's. Customers that wish to purchase a $399 Antminer S5 for $20 off can use coupon code "ZEUS-1501-399-20", $50 off a $799 purchase with coupon code "ZEUS-1501-799-50", and a $200 discount on Antminer S5 orders in the $1,999 price range can be claimed by using coupon code "ZEUS-1501-1999-200".

ZeusHash Ecosystem

1. Cloud Mining2. E-commerce3. ZPAY.io

Besides cloud mining services, ZeusHash is also working on its unique and interconnected ecosystem supported by two pillars: a cross border e-commerce platform that offers discounted goods with adoption of coin payment, and ZPAY.io, a wallet/payment service that will integrate international crypto businesses offering diversified and secured consumer services.

Crazy Wednesday (zeusminer.com/forums/forum/4-zeushash_crazywednesday) is now the early stage of the e-commerce platform. With special products offered with major discounts every Wednesday it has gathered a lot fans worldwide. More will come for Crazy Wednesday in the near future and it will gradually grow into a mature e-commerce platform.

Upcoming Zeus project ZPAY.io will feature cryptocurrency web wallets, online shops, merchant services, cryptocurrency crowdfunding, charity projects, and much more in one integrated platform. ZPAY.io is under intensive development and its diversified features will be released to the public in the near future.

ZeusHash is also seeking partnerships with different Bitcoin and cryptocurrency businesses, anyone interested in future cooperation may send a request to bd@zeushash.com.

Pillared by cloud mining services, e-commerce and ZPAY, the new ZeusHash ecosystem will serve as an integrated network that provides the best services for all cryptocurrency enthusiasts.

About ZeusMiner and ZeusHash:

Hong Kong based ZeusMiner is one of the largest distributors and retail sellers of Litecoin and Bitcoin ASIC mining hardware worldwide. With data centres spanning the globe clients worldwide can also cloud mine Bitcoin and Litecoin with ZeusMiner's in-house cloud mining platform ZeusHash.

Story Continues

Pooling the best resources in the industry ZeusHash offers reliable, scalable and affordable Bitcoin and Litecoin industry grade cloud mining infrastructure. Moving forward ZeusHash aims for more industry partnerships, continued scaling of mining infrastructure, and to continue building out their infrastructure with a unique ecosystem in development.

*This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

For more information about us, please visit https://zeushash.com.

Contact Info:

Name: Fei HongEmail: info@zeushash.comOrganization: ZeusHash

SOURCE: ZeusHash

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Syan Technologies in talks with LAOS PDR government to deploy hydroelectric-powered cryptocurrency mining facility

Syan Technologies of Hong Kong have been in discussion with the government of Laos PDR regarding the possibility of a partnership to deploy a hydroelectric-powered cryptocurrency mining facility on the Mekong River, close to one of their hydroelectric power plants.

Laos PDR has a number of hydroelectric power plants, and is keen to capitalise on this source of cheap, environmentally friendly energy in order to offset their own significant development and running costs. Syan Technologies - FinTech subsidiary of the multi-national investment and finance conglomerate the Zahrani Group - believe they have reached a preliminary agreement to supply the required mining hardware for the first crypto-currency mining facility to be launched in conjunction with the Laotian government, who will be providing the basic infrastructure and electricity. Though the exact location of the farm is as yet undecided, sites close to the Nam Ngiep 2 hydropower station have been suggested and will be surveyed for suitability. 

Syan Technologies are just about to launch the first machine in their Vega series of currency miners, the Vega Home Bitcoin Miner, incorporating their new 14nm ASIC STA1220 chip and delivering 13.5TH/S and an efficiency ratio of 0.078 J/GHs, a good 20% better than its nearest competitor, the Bitmain Antminer S9. The retail price for the new machine has been set at US$1,895.00. With batch 1 consisting of only 1700 machines of which the first 500 have already been reserved, Syan intends to ensure that the remaining 1200 miners in batch 1 will be sold to small independent miners as opposed to big corporates; with this in mind they have limited the individual order size to a maximum of just 5 machines per customer and these will be sold on a first-come first-served basis once the order books are opened. There is also a SCRYPT miner in the pipeline though no performance, release date or price details are available as yet.

“We are delighted the way talks have gone, the agreement to proceed is in place and the details are being discussed,” said a spokesperson from Syan earlier today. “There are many potential problems to overcome, technological, economic and political, but Syan Technologies wants this to succeed and the Laotian government wants this to succeed so the will is definitely there. They have a practically limitless source of cheap, clean, sustainable energy and we have the expertise and equipment to turn that power into revenue. We are all very excited to be involved in such a huge project; the Laotian hydroelectric projects are an amazing feat of engineering, and absolutely perfect for a currency mining venture.”

Syan Technologies are a Hong Kong based designer and producer of digital currency mining machines and FinTech, currently focusing on the forthcoming release of their Vega Home Currency Mining series. They comprise a dedicated and highly motivated team of designers, technicians and mathematicians of diverse backgrounds – from as far afield as California, London, Sweden, Russia and Vietnam – with just one thing in common; they aim to design and produce the most cost-efficient and durable ASIC mining machines in the world.

For further information please visit: www.syanmining.com

Media ContactCompany Name: Syan Technologies LimitedContact Person: Samuel CornwellEmail: Send EmailPhone: +852-2861-8794Address:Yen Sheng Centre, 64 Hoi Yuen Rd.City: Kwun TongState: Hong Kong SARCountry: HongKongWebsite: https://www.syanmining.com

Press Release Distributed by ABNewswire.comTo view the original version on ABNewswire visit: Syan Technologies in talks with LAOS PDR government to deploy hydroelectric-powered cryptocurrency mining facility

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How to Trade Bitcoin (And If You Should)

There's a digital gold rush sweeping the globe as investors try to cash in on Bitcoin, the notoriously volatile cryptocurrency. Getting involved yourself is easier—and riskier—than you think.

As with any exchange or speculative market, trading in Bitcoin is a risky venture that could cost you real money—and lots of it. So the most important advice is to proceed with caution. If you're game, though, here's what you need to know to get started.

How Bitcoin Works

Bitcoin is a currency much like any other, albeit digital. It can be saved, spent, invested, and even stolen. The rise of Bitcoin, the most widely circulated cryptocurrency, began in 2009 by someone (or someones) using the alias Satoshi Nakamoto. It came to prominence earlier this year when its value suddenly jumped 10-fold from $2 to $266 between February and April, with a peak market valuation of more than $2 billion.

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As a cryptocurrency, Bitcoin is generated through the process of "mining"—essentially using your computer's processing power to solve complex algorithms called "blocks." You earn around 50 Bitcoins once a block has been decrypted. The catch? Depending on how powerful your CPU is, solving a single block can take a year or more. Another means of obtaining Bitcoin is to simply buy it, exchanging physical currency for digital at a Bitcoin exchange like Mt. Gox or Bitstamp, or through a service like BitInstant.

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The simple answer is: just like physical currency exchanges. You're essentially buying one currency with another. The relative value of a nation's physical currency is a reflection of the country's economic and financial health, especially since we moved off of the gold standard. The U.S. dollar, for example, is worth more than that of the Mexican peso due to the discrepancies between the two countries' economies—therefore you can buy lots of pesos for very few dollars (the dollars being relatively more valuable).

The same holds true for Bitcoin, except that its value comes not from an industrial economic base but from the work performed by your computer. That means it can be traded like a commodity, no different than pork bellies or Florida oranges.

That said, exchanges like Mt. Gox act as intermediaries for currency transactions, converting wealth from Bitcoin to US dollars to other national currencies, back to dollars or Bitcoin. And that's how you make money. By exploiting the constantly shifting relative values of various currencies, savvy investors can make a tidy sum simply from moving money around these markets, in a process known as arbitrage. But they can lose it just as easily.

How to Become a Player in the Bitcoin Market

So, even knowing the risks involved you still want to foray into the Bitcoin Market. There are a number of ways of doing so, each with their own strengths and weaknesses.

Mine It: The easiest—but slowest—way into Bitcoin is to mine it. Set up a dedicated computer to do nothing but decrypt Bitcoin blocks, install some Bitcoin-mining software and let it do its thing. Again, doing so on a mid-range desktop could take upwards of a year or more to fully decrypt a single block. That's not going to be worth the time or effort.

If you want your coins faster, it's going to cost you; purpose-built mining rigs start around a few thousand, like the $2,400 128 GHs Bitcoin Miner from Advance Mining Technology, and only go up from there. You can also build your own rig, however mining cards such as the Monarch BPU 300 C from Butterfly Labs aren't much cheaper.

Basically, mining Bitcoin has gotten to the point that it's almost impossible to recoup your investment. So maybe you're better off not going it alone.

Gang Up: You can also join a mining pool. These Internet-connected computer clusters break the work of a block into pieces that are shared among the group. Once the block is decrypted, the resulting Bitcoin is doled out according to how much work your rig contributed. There are a number of variations to this basic model, however, depending on how the pool is set up. Bitcoin.it has an expansive listing of popular mining pools with explanations of how each operates, pays out, and taxes users for their participation.

The level of security among pools also varies greatly, from simply requiring a BTC username to requiring a 2-Step Google Authenticator code before paying out. Luckily, given the anonymous nature of Bitcoin, you generally won't have to include any personable, stealable, information. Still, money and complete strangers can be a particularly combustible situation.

Play the Markets: The fastest—but riskiest—method is to go straight to the markets. So, say, for Mt. Gox, the reputed "world's oldest and largest Bitcoin exchange," you first have to sign up, create a user name and then respond to the confirmation your email verifying your address.

Then the system will ask that you scan and send confirm your real address and residence there for the last six months, and provide a government-issued photo ID. You will not however, have to include sensitive information such as your SSN.

Then it's simply a matter of depositing funds into your account and carefully watching the market for opportunities to make money. Like any exchange, Mt. Gox does charge a fee on your transactions, ranging from .60 percent per trade down to .25 percent per trade, which the company uses to support the business as a whole:

But, once again, be warned. Just because it's a digital currency doesn't mean you won't lose real cash money trading in it. And given that the current Bitcoin market is more volatile than a bag of plutonium nitrate, multi-explosive, sound seeking projectiles, you stand a very good chance to lose a lot of money, especially if this is your first foray into day trading. So unless you have cash to burn or you're already a grizzled day trading veteran, you might want to take one more look at mining after all.

Risks and Rewards

So that's how you make your foray into Bitcoin. It's important, though, to first ask yourself if you really want to in the first place.

For conventional currency markets trading in the monies of stable, profitable countries, the fluctuations within the value of each currency is measured in fractions of a penny. Bitcoin values, on the other hand, rise and fall dramatically throughout each trading day, jumping in whole dollar amounts. This means that if you don't have your act together and place a transaction order at the right time, you will lose magnitudes more cash than you would have trading dollars for yen. The value of Bitcoin as a whole, for example, dropped more than 50 percent over the 36 hours after China banned the cryptocurrency. A lot of speculators lost their shirts during that day. And it will almost certainly happen again.

What's more, unlike traditional arbitrage play, the inherent volatility of the BTC market all but forces investors to offload their coins as quickly as possible to avoid getting caught in a crash. However only when investors hold onto their digital commodities for longer periods of time will the market actually stabilize. It's a catch-22. And without commercial institutions like banks, which have huge reserves of liquid capital they can rely on, individual investors often can't afford to just sit on their Bitcoin and wait for a rainy day.

Conversely, if one were to take the super-long view and, say, bought a few shares in 2012 at a sub-$100 price point, even with Bitcoin dropping half its peak value, that investor would still theoretically make over a 600 percent return on his investment just by waiting. Granted, the sub $100 days are likely now over, what with the currency's new-found stardom so we'll have to wait and see how the market plays out.

Even those big hits, though, come with big tax implications. As Forbes contributor Cameron Keng points out:

Bitcoin is taxable, whenever a taxable event occurs. A taxable event is whenever you cash out your bitcoin for any fiat currency (dollars, euros and etc.) or when you trade a bitcoin for anything (bartering). In taxation, bitcoin is best understood as an "asset." Whenever you hold an asset, it can increase or decrease in value. When you trade the bitcoin for fiat currency, then you're trading an asset for dollars. It works the same way as when you trade gold bullion for dollars.

Bartering or exchanging bitcoins for anything is also a taxable event. For example, Bob trades 1 bitcoin for a year's worth of hugs. Bob traded or bartered 1 bitcoin for a year's worth of hugs or a service. This is a taxable event. The same is true, if you traded 1 bitcoin for a tangible or intangible object. This even applies if you're trading 1 bitcoin for another bitcoin.

Simply put, if Bitcoin is to be treated like legitimate currency, it's going to be taxed like legitimate currency.

Nor should you assume that your Bitcoins are completely secure either. As Mark Vankempen, senior advanced R&D engineer at LogRhythm, explained to the IT Business Edge:

A BTC wallet is like a real wallet filled with cash. You should never keep all your eggs in one basket and the BTC wallet is no different from this age old idiom. So far there is no air tight solution to keeping your BTC safe and secured...the following action items that can help protect your BTC investment: Backup and encrypt your wallet, make multiple copies of your backup, store them in more than one secure location and finally, don't keep all your BTCs in one wallet.

Don't pull a Bitomat.pl. This former mining company lost 17,000 BTC (worth about 14.5 Million USD) during a routine maintenance restart when the server hosting the company's digital wallet ate itself.

The Bitcoin's meteoric rise in value and the relatively low risk of being caught stealing it have also combined to make the currency a huge target for cyber criminals. Smaller online exchanges that have skimped on security systems can be hacked. The Sheep Marketplace, for example, had 96,000 Bitcoins (worth $220 million) stolen earlier this year, as did GBL and Tradefortress. Criminals also routinely target internet-connected computers that store individual Bitcoin wallets, attacking them with everything from malware and phishing tactics to old-fashioned social engineering. And as recently as last November, thieves stole nearly a million dollars worth of Bitcoin from Bitcoin Internet Payment System (BIPS), a Denmark-based Bitcoin payment processor.

In short, even if you trade Bitcoin brilliantly, you're still susceptible to giant losses the good ol' fashioned way: theft.

What's Next?

Regulation. It's the only way to bring the BTC markets under control, push out the criminal element, and make them safe for commercial interests to enter. While some investors see the upcoming regulatory crackdown as a death knell of the Bitcoin, it should actually do the opposite and finally reign in the currency's wild value fluctuations. Just as the crash of the poorly monitored sub-prime mortgage market led to the Great Recession, allowing the Wild West days of Bitcoin trading to continue will only lead to more and bigger crashes.

[Forbes 1, 2 - Bitcoin.it - Bitcoin.org - Campbx - IB Times - Vice - IT Business Edge - Bitcoin Charts - Top Image: 123dartist]

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