Has WeMineLTC Pulled Off a Major Mining Pool Uitgang Scam, Bitcoin Insider

It looks like one of the popular Litecoin mining pools has all of a sudden shut its doors without prior warning. WeMineLTC Is no longer ter operation spil of right now, with the webstek being taken offline and twitter accounts deleted. No one knows for sure what is going on, albeit it seems the pool may have held on to a fair bit of miners’ money te the process.

WeMineLTC Abruptly Vanishes

It is never good to see a mining pool go offline without any reason or prior warning. WeMineLTC, one of the top Litecoin mining pools, is no longer accessible through their front-end for some unknown reason. It also shows up miners can no longer connect to the mining pool through their software. This is a very surprising turn of events that leaves many people baffled right now.

One user on Reddit claims how the pool has gone through some user authentication issues spil of late. Then again, this is an unconfirmed report, so make if it what you will. Wij do know the mining pool has shut down the webstek and social media accounts have bot deleted. This latter act raises a lotsbestemming of questions, to say the least.

What is unclear is whether or not miners have lost funds ter the process. One user claims there could be a few thousand LTC still residing ter the pool’s wallets. Once again, this has not bot officially confirmed at this point. Then again, it is not unlikely to think some users will have had funds te their wallet on WeMineLTC. How much funds are missing ter total, remains to be seen.

Moreover, it also appeared WeMineLTC halted their automatic withdrawals some time ago. This could hint at a loterijlot of user funds being left te the pool, spil all withdrawals had to be requested and processed by hand It is possible WeMineLTC pulled off a major uitgang scam, which does not postbode well for Litecoin at all. If a lotsbestemming of coins are missing, they may get dumped across exchanges sooner or zometeen.

Watching mining pools vanish all of a unexpected always personages a dark shadow overheen the cryptocurrency ecosystem. Especially when the pool had issues with withdrawals before miners should just stir on and get their money out spil soon spil possible. Unluckily, some people have kept their faith te WeMineLTC and they may now pay the ultimate financial price for doing so.

Fortunately, there are still slew of Litecoin mining pools around. The disappearance of WeMineLTC will not influence the network or overall hashrate all that much. The concern of coins potentially being dumped across exchanges will – most likely- not be a big punt either. It shows up the Litecoin value is holding its own around the US$29 mark for now.

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