Coinspeaker
Binance Cloud Mining: Exchange Floats New Product for Mining BTC
The weight of regulatory pressure from the US Securities and Exchange Commission (SEC) appears to have little or no effect on the activities of crypto exchange Binance. This follows after the exchange recently announced the Binance cloud mining product and services.
According to the announcement, the service goes live on Thursday, June 15th, and access to it will be subscription-based. That is, from Thursday, Binance users who would love to mine Bitcoin but lack the capacity, may now subscribe to its new service to access the hashrates to do so.
Recall, hashrate describes the computing power used to mine and process transactions on a Proof-of-Work blockchain such as Bitcoin.
Binance Cloud Mining Not Available to US-Based Users, Says Exchange
About the cloud mining subscription, Binance confirms that 1 Terahash per second (Th/s) currently goes for $10.7280. The exchange explains the pricing as being the total c
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