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I am not the author of this article, however, I can confirm that all of the information is true. I am a VBit Mining / Advanced Mining customer. I have been for about a year now. They have not let me make a withdrawal of my bitcoin since June 1st. It took us weeks to get a response. I am hoping that I get a refund on my purchased equipment and hosting as they mention, however I am not very hopeful. Not your miner, not your hashrate. Not your keys, not your coins.
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That sucks :(
I hope that you at least get your money back.
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This is such BS. For me it's one of two things: either mine yourself, or invest in public mining companies. What's absolutely baffling is how a hosted mining company halts withdrawals. Purge this goddamn environment clean goddammit.
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I started mining for myself about 7-8 months ago. I was mining with a hosting company and mining at home. I wanted to get into mining when priced dropped last spring/summer and wasn't sure if I was able to do it at home. I didn't want to miss the opportunity and wait while I figured things out.
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These assholes are going to need to get bonded and let the insurance companies rake them over the coals and make sure there solvent before they offer any services.
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