The China-based mining pool Btc.top would like to update the concept of Cloud miningthat enables users Mine Crypto remotely by buying a certain amount of hash power from a third party with what it calls “joint mining”.
On July 25, the new “Joint Mining” subsidiary of B.top has set itself the goal of reducing the risks associated with “popular cloud mining products”“offers more flexibility.
In particular, B.top states that it only charges its users for service and maintenance fees when they break even, which means that Your customers will start to share the benefits when their income equals the cost they originally paid to buy the equipment. According to the company, they calculate between 17.5% and 30%, depending on how much their customers have invested.
Also, B.top offers the mining machines “at wholesale prices”.that allows users to cBuy shares in individual miners depending on the amount of hash rate terahash (TH) they fully own or want to buy. This last option is said to allow customers to withdraw their equipment from B.top mining operations across China and send it to a destination of their choice, or to resell their miners to the company at the resale market price.
“I estimate that other industrial-scale mining companies will soon offer similar common mining products,” Jiang Zhuoer, founder and CEO of Btc.top, told Cointelegraph, adding Expects the offer to be popular with both private and institutional customers::
“Although the goal of B.TOP is Make it easier for individuals to participate in cryptocurrency miningI also think would attract institutional customers from all over the world who want to use our industrial infrastructure, strategic industry partnerships and the lowest electricity tariffs in our data centers all over China. “
According to Zhuoer some of the users of joint mining from B.top in China, where they premiered this show in March, are ready to invest up to RMB 10 to 20 million or USD 1.4 to 2.8 million. The platform has now been introduced internationally.
B.top claims to charge around 3.3 cents per kilowatt houralthough it seems so The price can change as soon as the rainy season in Sichuan has endedbecause there are at least some of his mining operations there. The users are charged the electricity that their devices consume throughout the program.
China remains king when it comes to mining
While China is currently responsible for up to 65% of Bitcoin’s total hash rateAccording to the Bitcoin Mining Map developed by the Cambridge Center for Alternative Finance, some countries choose to stop activities.
At the beginning of this month, Venezuela, which ranks 10th on this map, banned crypto mining in government apartments.
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