Bybit to Launch Cloud Mining to Democratize Ethereum Mining

Bybit to Launch Cloud Mining to Democratize Ethereum Mining


Place/Date: Singapore - May 4th, 2021 at 10:50 am UTC · 2 min read
Contact: PR,
Source: Bybit
Photo: Bybit
Cryptocurrency exchange Bybit will launch in May 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 mining – or receiving crypto tokens for verifying blocks of transactions.
The profitability of this endeavor, however, is hampered by a number of factors: the supply and price of the computer system, operation and maintenance cost, and electricity fees that render crypto mining costly and painstaking.

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