26 Jun 2016 has stopped working HashOcean!
This project worked for about 1.5 years, paying a daily profit of more than 700 000 users.
What is the main reason for this?
As you know, in March 2016 the rate of bitcoin stood at approximately 400 $, and buying 5 600 KH/s at a price of 0.23 $ per 1 KH/S at the time you paid 3.22 btc. The payback period was 81 days. In June 2016 the bitcoin exchange rate was 670 $, and buying 5 600 KH/S at a price of 0.23 $ per 1 KH/S, you pay at 1.92 btc, getting the same profit, and that in March only while making a smaller investment! Payback was already 48 days! Profit in the year was up 760%!
Administration HashOcean could not pay such interest and 26.06.2016 the most successful cloud mining closed.
I really didn't matter what it paid out or what the price of BTC was. They ran out of new investors to pay the old...Ponzi. The price of BTC vs Dollars may have had something to do with it, but in the long run Ponzi's never last(although this group was a pretty good one, lasting so long). I am sorry for all the people who lost on this one.