Bybit To Launch Cloud Mining To Democratize Ethereum Mining | The Daily Hodl
May 4, 2021 – Singapore, Singapore
In May, cryptocurrency exchange Bybit will launch Bybit Cloud Mining, a mining-as-a-service (MaaS) product that gives users instant access to Ether (ETH), mining from as little as $100.
Democratizing and de-risking crypto mining
The relentless growth of cryptocurrencies in recent months has caught mainstream attention and fueled a surge in interest in crypto miningr receiving crypto tokens for verifying blocks of transactions.
The profitability of this endeavor, however, is hampered by a number of factorsthe supply and price of the computer system, operation and maintenance cost and electricity fees that render crypto mining costly and painstaking.
As the first entry to Bybit’s ByFi product suite, Bybit Cloud Mining aims to help users navigate the booming yet ever-changing industry by lowering the barrier to entry and ensuring a hassle-free approach to mining,thus opening the door to greater profitability and fewer risks. Bybit Cloud Mining offers hashing power, or hash rate, to a remote data center with shared computing power to mine Ether. Users can start from as low as $100 and without ever having to run their own hardware.
Hop on, hop offhigh visibility and profitability
Bybit Cloud Mining offers flexible 7-, 21-, and 42-day plans. Users can customize a short-term investment plan for greater profitability, while minimizing the risks of price fluctuations and unforeseeable market activities in the long term. The service will be instantly available upon purchase, come with 100% usability and have any downtime covered by Bybit, allowing users to mine with greater confidence.
Bybit’s head of financial products, Bill Xing, said,
“We are really excited to introduce Bybit Cloud Mining, and think it is an ideal solution for users who are interested in crypto mining but don’t want to be bogged down by the hassle of operations and hardware maintenance. With Bybit Cloud Mining, all that users have to do is to purchase the amount of hash rate they want and sit back to see ETH harvested directly ‘from the cloud.’”
Bybit is a cryptocurrency exchange established in March 2018. The company provides online trading and mining services, as well as API support to retail and professional clients around the world. For updates, follow Bybit’s social platforms on Twitter and Telegram.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram