SINGAPORE – Media OutReach – May 4, 2021 – Bybit Cryptocurrency Exchange will launch Bybit Cloud Mining in May, a Mining as a Service (MaaS) product that gives users instant access to Ether (ETH) mining for as little as $ 100.
Democratizing and Reducing Mining Risks
The steady rise in cryptocurrencies in recent months has caught everyone’s attention and sparked a surge in interest in mining cryptocurrencies or obtaining crypto tokens to verify blocks of transactions.
However, the profitability of this venture is hampered by a number of factors: the supply and price of the computer system, the cost of operation and maintenance, and the electricity bill, which makes crypto mining costly and painstaking.
As the first entry to the Bybit ByFi suite of products, Bybit Cloud Mining is designed to help users navigate a fast-paced but ever-changing industry by lowering the barrier to entry and providing a hassle-free approach to mining, thereby opening the door to greater profitability and less risk. Bybit Cloud Mining offers hashing power or hashing speed for a remote datacenter with total processing power for ether mining. Users can start at $ 100 and not even use their own hardware.
Hop on, hop off: high visibility and profitability
Bybit Cloud Mining offers flexible plans for 7, 21 and 42 days. Users can customize a short-term investment plan for greater profitability while minimizing the risk of price fluctuations and unforeseen market action in the long term. The service will be available immediately upon purchase, will be 100% user-friendly, and the downtime will be covered by Bybit, allowing users to mine with greater confidence.
“We are thrilled to present Bybit Cloud Mining and believe it is the ideal solution for users who are interested in mining cryptocurrencies but don’t want to get bogged down in the hassle of operating and maintaining equipment,” said Bill Sin. Head of Financial Products Department Bybit. “With Bybit Cloud Mining, all users have to do is acquire the desired hash rate and relax to see ETH being collected directly from the cloud.”
Bybit is a cryptocurrency exchange established in March 2018. The company provides online trading and mining services, as well as API support for retail and professional clients around the world.
For more information visit: https://www.bybit.com/
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