Well what if no one went for the deal? Cloudhashing would have to keep running the miners, hoping that each customer's hashing power would make enough btc to pay for the maintenance fee. But what if no one paid the maintenance fee but withdrew it instead? The miners would run for 30 days while each account was in arrears, until they were eventually canceled.
Thoughts?
I don't think they're running any miners anymore. They haven't made any contract payments in 2 weeks, and that's after promising weekly payouts from their pool mining.
All contracts will be gone in 45 days, either by buyout or cancellation, unless someone wants to pay maintenance fees out of pocket.
can these bozos be sued? or reported to the feds?
Yep, breach of contract in shutting down the miners. Go after Emmanuel Abiodun personally.