Hi Steemians,
I know most of us uses Eobot for either faucets or cloud mining, well, if you are a user then you probably already received an email from "[email protected]" that they may be forced to terminate cloud mining/GHS contracts earlier.
Reason: China Bans ICO
Its well known that 2 months ago, China has implemented bans on ICOs (initial coin offerings) and now Bitcoin and other cryptocurrency trading. They have implemented the order to ban all exchanges starting Oct. 1, however, it is unclear if they are going to ban Bitcoin mining.
Eobot on the other hand currently runs the majority of their Bitcoin mining in China, Dependent on China's decision if Bitcoin mining will be affected, Eobot has announced to all users that they may be forced to end cloud mining contracts earlier than what was agreed.
This is to allow all of us the option to trade and sell their GHS earlier and before China ban Bitcoin Mining.
I am not sure if ICO ban has anything to do with the Mining? It remains unaffected. Why would they announce closure? doesn't makes sense to me.