The UAE-based telecom giant du has launched its “Cloud Miner,” a mining-as-a-service platform, which will take care of hardware, electricity, and maintenance for its customers.
According to a report by The National, du’s Cloud Miner allows UAE residents to subscribe to crypto-mining capacity instead of buying hardware. This lowers the barrier for everyday users to participate in crypto mining.
Per the report, the Cloud Miner subscribers will be offered multiple plans, starting at 250 terahashes per second (TH/s) of computing power. Contract owners will subsequently receive results in the form of mined Bitcoin (BTC) into their crypto wallets.
A publicly available calculator will show subscribers how much Bitcoin they could earn monthly and its equivalent value, helping users estimate their returns.
The cost of these plans hasn’t been disclosed in the report, but The National wrote that customers can take part in an online auction between Nov. 3 and 9 to secure a con
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