Altcoins Removal and Multipool Suspension

Altcoins Removal and Multipool Suspension

Dear users,

We at CEX.IO have decided to focus on higher volume markets such as BTC and LTC, which would allow us to provide you a better exchange service and trade opportunities.

Thereby, please be informed about GHash.IO Multipool suspension and removal of altcoins

GHash.IO Multipool Suspension

December 1st, 2015, GHash.IO Multipool will be discontinued. Mining of IXC and DVC will be stopped as well.

Continue reading Altcoins Removal and Multipool Suspension at CEX.IO Official Blog.

Warning: Bitcoin based products and scams

OKCoin is reminding all users and the wider investment community:

There has been recent growth in third party financial products advertised as “social financial help” which have promised high-return and high yield using virtual currencies as a funding medium.

OKCoin officially declares:

OKCoin is a neutral exchange offering no assurances or advice on investments in virtual currencies. OKCoin has never cooperated with operators of MMM or any other similar financial schemes nor has OKCoin engaged in any advertising of such schemes. Any third party scheme operator using the OKCoin name in any material has not obtained the right to do so.

OKCoin is a professional Bitcoin exchange, and we are dedicated to the security of our user assets. OKCoin also seeks to give users prompt warnings and information about matters related to the safety of user funds. We wish to remind investors to take caution of investments associated with multi-level marketing ponzi  schemes based on Bitcoin, in order to avoid financial loss.

OKCoin will always fulfill our obligation to follow government requirements pertaining to anti-money laundering and KYC to ensure market stability. Our customer service team as always is online 24/7 by phone, email, and live chat in both English and Chinese, ready to serve you. If you have any questions, please contact us. Customer service can be reached at support@okcoin.com.

Related links: OKCoin posted on October 8th, 2015 the first warning against fraudulent financial schemes based on Bitcoin. https://www.okcoin.cn/t-1009687.html.  This announcement was posted only in Chinese at the time as the scheme targeted Chinese nationals.

Official Statement on Cloud Mining

Official Statement on Cloud Mining

Dear Users,

Please be informed that despite considerable Bitcoin price growth, it is still not enough for profitable Bitcoin mining, taking into account current difficulty and maintenance cost.

Take a look at the following calculations:

There’s an average number of more or less 3,600 BTC gained from mining each day. The hashrate is currently about 480,000,000 GH/s. Thus, the expected Bitcoins/month with 1 GHS can be calculated this way:

1 GHS/overall network hashrate * Bitcoins generated per day * 31 day

1GHS / 480*10^6 GHS * 3600 BTC per day * 31day = 0.0002325 BTC ~ $ 0.09 per month (at 400 USD/BTC rate)

Meanwhile, 1 GHS maintenance per month is $0.105/month.

Continue reading Official Statement on Cloud Mining at CEX.IO Official Blog.

Official Statement on Cloud Mining

Official Statement on Cloud Mining

Dear Users,

Please be informed that despite considerable Bitcoin price growth, it is still not enough for profitable Bitcoin mining, taking into account current difficulty and maintenance cost.

Take a look at the following calculations:

There’s an average number of more or less 3,600 BTC gained from mining each day. The hashrate is currently about 480,000,000 GH/s. Thus, the expected Bitcoins/month with 1 GHS can be calculated this way:

1 GHS/overall network hashrate * Bitcoins generated per day * 31 day

1GHS / 480*10^6 GHS * 3600 BTC per day * 31day = 0.0002325 BTC ~ $ 0.09 per month (at 400 USD/BTC rate)

Meanwhile, 1 GHS maintenance per month is $0.105/month.

Continue reading Official Statement on Cloud Mining at CEX.IO Official Blog.

OKCoin App – The Price Tracking App for Bitcoin

Our customers enjoy using and trading directly on the OKCoin iOS and Android apps. 

To our surprise, during the recent price action, we have received so much love for the app from people who may not be with OKCoin but love using it to stay on top of the Bitcoin action. With that, here are some…

Cool things you can do with the OKCoin app even if you don’t trade with us

Real time price and volume data from OKCoin, Bitfinex, Bitstamp, Coinbase, itBit, HuoBi, BTCC, and BTC-e auto-refreshed every 2s, 5s, 10s or 30s. 

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Set custom price alerts for each exchange. 

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The most sophisticated mobile charting experience with time-interval candlesticks, moving averages, and technical indicators. See volume and the OKCoin order book. 

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Freely capture charts and share insights across social media to WeChat contacts and post on Moments, Weibo, Facebook and Twitter. 

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To download the OKCoin app for iOS and Android, scan the below QR codes. 

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BitBank built on OKCoin for trading in Japan reaches 824m JPY in first month volumes

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OKCoin is excited to feature the success of companies building services on top of our platform. One of these companies is BitBank, whose Japanese exchange is built on OKCoin’s exchange API, offering Japanese users a localized experience and access to OKCoin’s liquidity and advanced technology as the world’s largest exchange.

We have seen continued growth in the number of companies partnering and building on OKCoin, and BitBank is a fine example of working together to broaden Bitcoin access to more people in a localized manner” – Jack Liu, International Head at OKCoin

“In the first month since launch, we have seen the trading volume exceed 824 million Japanese Yen as we take a leading role in the Japanese bitcoin trading market.” – Yasutaro Watanabe, Head of Global Business Development

BitBank, inc. is a Bitcoin company founded in May 2014 and located in central Tokyo, Japan. Its services include wallet, trading, and media. BitBank’s trading service is a gateway to OKCoin exchange, providing local customer management and Japanese Yen deposits and withdraws. 

Relevant contact information: 
corporate@okcoin.com
api@okcoin.com