Unfortunately, we would like to inform you that the mining operation inside the Flits Wallet app will be canceled, as the current cost structure of the operation exceeds the revenue. We are, therefore, forced to completely abandon this feature. This means people will no longer receive mining payouts and the payments made in Week 16 will be the last payment for all users that are in the possession of Flits Workers.
We are very sorry it has come to this, we have been very open about the situation and the many issues we have faced with this operation. Unfortunately, we have reached a point where it is not feasible anymore to continue this operation without taking a loss. In the last couple of months, many of you have already been experiencing lower payouts, missing payouts, and delayed payouts, and we can not support this anymore.
We know this will be very upsetting news for many of you, but we hope everyone understands that it is not feasible to keep supporting an operation that is no longer profitable for the users and the project itself. Please take a look at the ToS (Terms of Service) users have agreed to when buying the workers, the ToS is included at the end of this announcement. We ask users to reach out to the support team in case they have more questions about this affair. Please keep in mind there is no possibility for Flits to reimburse users who bought workers. This will also mean that mining will no longer be supported inside the new version of the Flits Wallet app (v5).