Can Hobbyist Bitcoin Miners Still Make a Buck?
Bitcoin's low price is making things tough for hobbyist miners. Should they ditch the rig and buy bitcoins instead?
CoinTerra has filed for Chapter 7 bankruptcy, naming hundreds of creditors in court documents filed on 24th January.
In a new interview, CoinTerra CEO Ravi Iyengar confirmed that his Austin-based company is currently in default and speculated on its future.
The FTC has only received 39 customer complaints against CoinTerra to date, far less than other troubled bitcoin mining companies.
A new lawsuit has accused bitcoin mining company CoinTerra of late payment, breach of contract and unjust enrichment.
Amid reports that cloud mining payouts have ceased, signs have emerged that bitcoin mining firm CoinTerra is experiencing debt problems.