LOL good question.
Got the ZeusHash newsletter earlier and apparently the SHA contracts are not being terminated but frozen until BTC goes up a bit. They also said they have new hardware coming online etc etc.
Dear Zeus friends,
Things may be a little bumpy lately since the Bitcoin price was constantly on the down side in the past week. Good news is we’ve seen it regaining momentum and we are all holding our breath for a turnaround. And we’ve brought you even better news today:
NEW CONTRACT Coming Soon
As the profits of our cloud mining contract keeps shrinking with the plunging Bitcoin price, we’ve been doubling our efforts to strike the final deal with our partners for a new cloud mining contract. And we are glad to tell all of you it will be available WITHIN A WEEK!!
The new GHS contract will be supported by much more advanced miners and lower costs for both energy and maintenance. Therefore it will be operating MUCH LONGER!! We are in the final phase of all the preparation and it’s only a week before the BRAND NEW GHS CONTRACT is coming to you!! You will be AMAZED then to find out about it!!
Good news for our CURRENT CUSTOMERS is that you will enjoy a privileged purchase of the new contract with a BIG DISCOUNT!! It’s a gesture to honor your long-term support in ZeusHash.
GHS FREEZING WARNING
Considering the dropping Bitcoin price, we issued a notice (http://news.zeushash.com/news/29) a couple of days ago to warn you not to buy more GHS contracts, as it’s not a good time for investment.
And we may have to freeze all GHS contracts when daily payouts of GHS are not able to cover maintenance fees for 10 consecutive days, according to our term of “lifetime” contract (https://zeushash.com/about).
We didn’t expect the collapse of price and we surely don’t want to cease your cloud node contracts. But if the condition for freezing GHS contracts is met, shutting down the miners will be the most ideal method to avoid further losses. We care a great about your interests. As the price climbs up a little bit, the GHS contracts are operating fine
Rumor has it that ZeusHash will no longer provide cloud node services and we want to clarify that it’s anything but true. Our efforts to deliver the best and most profitable cloud hashing services have never stopped and we hold strong belief in the future of crypto industry.
For those who spread the rumors, please come back a week later and see for yourselves? Cloud mining will continue to be an important foundation of ZeusHash Eco-System. And with your support, it will be unique and dynamic.
ZeusHash will bring more possibilities into the community and nothing will stop us from providing wonderful services to our beloved friends such as you, supported by a lot more unique features.
ZeusHash’s newsletter formatting and writing style is horrible