Hashpower Transfer for CryptoNight Users

A lot has happened over the last few weeks regarding the situation with CryptoNight contracts and the Monero ASIC-resistance fork that changed the mining landscape quite a bit. Because of this, we have prepared a thorough blog post and video for you explaining the situation of your CryptoNight contracts.

Long story short, all our CryptoNight users will be able to transfer their current CryptoNightV0 hashpower to CryptoNightV1, the original and updated Monero mining algorithm in a 1 to 1 ratio.

This update is scheduled for approximately June 30, 2018, on which date you will be able to natively mine Monero (XMR) for the rest of your contract period. Plus, every XMR user will receive three additional months of mining for free to compensate for the switchover time frame.

As CryptoNight user, you will find a pop-up in the next few days shortly on your next login to the account dashboard, in which you can opt-in to the hashpower transfer until June 10th, 2018. Please also note that we will not be adding more mineable cryptocurrencies for the old CryptoNightV0 algorithm, besides Monero Classic.

We want to thank you all for sharing your thoughts. As always, your feedback and interests are what drive our service decisions in this emerging market. We are committed to continuously improving our service.