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Cloud Mining
Cloud Mining is a popular method of cryptocurrency mining that allows individuals to participate in the crypto market without the need for expensive hardware or technical know-how. It involves leasing or purchasing mining power from a remote data center, typically located in regions with low electricity costs. This process enables users to earn cryptocurrencies like Bitcoin or Ethereum without having to manage the complexities of mining rigs and software. Cloud Mining services are provided by specialized companies, offering various contract options to suit different investment capacities. However, potential investors should be cautious, as the sector has seen instances of fraudulent activity. It's crucial to research and select reputable cloud mining companies. This method is an accessible entry point into the crypto world, making it a significant aspect of the blockchain network and cryptocurrency exchange ecosystem.
BitFury Exploring Options in Bitcoin Cloud Mining Market
BitFury elaborates on its plans to begin offering the cloud mining solution it hinted at during the North American Bitcoin Conference in Miami.
Cloud Mining Suffers as Hash Rate Plateaus
The latest bitcoin price crash has started a new debate on the long-term viability of many aspects of the mining industry.
BitFury Announces Hosted Mining Services for Business Customers
One of bitcoin's biggest mining infrastructure providers, BitFury, has launched a new hosted mining service for business customers.
CoinDesk Mining Roundup: Dividend Coins, Viper Updates and a CloudHashing Giveaway
Vault of Satoshi has announced a new cloud mining feature while Alpha Technology and Bitmain have released ASIC updates.
Amazon Awarded Bitcoin-Related Cloud Computing Patent
The patent envisions bitcoin's potential use in cloud computing services on Amazon Web Services.
Canada's Vault of Satoshi to Test Cloud Mining Market
Bitcoin exchange Vault of Satoshi has announced the launch of a beta test for a planned cloud mining service.
FinCEN: Digital Currency Cloud Mining, Escrow Services Aren't Money Transmitters
FinCEN has released two new rulings that offer clarity and guidance to digital currency service providers.
Bitcoin Commodity Exchange CEX.io Imposes Trading Fee, Prepares for USD
The CEX.io bitcoin commodity exchange is to introduce a trade fee in two stages within weeks.
KnCMiner Offers 'Plan B' in Case of Neptune Miner Delivery Delay
'Plan B' will help compensate customers if setbacks occur for the company’s 20nm chip, due out later this year.
