Yeah very good point. Twentyseventhy could always migrate over to a smart asset in that case and utilize GHcloud.
Anyway, I do believe that the provider has a clause in the contract regarding such an event. I’m not 100% sure but based on some quotes in this article and “if” this is the provider then a Havelock meltdown should be covered.
[quote]“Here is how it should work: cloud service enters business agreement with mining company; mining company approves cloud service and allocates certain amount of hash power for sale (wholesale); cloud service sells virtual GHs to its client,”
“This way,” he continued, “the end client receives GHs straight from the mining company, so the deal is backed/guaranteed by the mining company through smart contract.”
Should something happen to the cloud service provider, he noted, the client would still have the hashing power from the mining company.
“This scheme eliminates maximum risks and is a win-win-win situation for all parties,” [/quote]
…so they make like 0.2 BTC in fees per week?
Hmmm,GHxchange collected more this week and it’s not even Sunday yet.