DGAP-News
Bybit to Launch Cloud Mining to Democratize Ethereum Mining
DGAP-News: Bybit / Key word(s): Market launch
Bybit to Launch Cloud Mining to Democratize Ethereum Mining |
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.
As the first entry to Bybit's ByFi product suite, Bybit Cloud Mining aims to help users navigate the booming yet ever-changing industry by lowering the barrier to entry and ensuring a hassle-free
approach to mining, thus opening the door to greater profitability and fewer risks. Bybit Cloud Mining offers hashing power, or hash rate, to a remote data center with shared computing power to
mine ether. Users can start from as low as $100 and without ever having to run their own hardware.
Hop on, hop off: high visibility and profitability
Bybit Cloud Mining offers flexible 7-, 21-, and 42-day plans. Users can customize a short-term investment plan for greater profitability, while minimizing the risks of price fluctuations and
unforeseeable market activities in the long term. The service will be instantly available upon purchase, come with 100% usability, and have any downtime covered by Bybit, allowing users to mine
with greater confidence.
"We are really excited to introduce Bybit Cloud Mining, and think it is an ideal solution for users who are interested in crypto mining, but don't want to be bogged down by the hassle of operations
and hardware maintenance," said Bill Xing, head of financial products at Bybit. "With Bybit Cloud Mining, all that users have to do is to purchase the amount of hashrate they want and sit back to
see ETH harvested directly 'from the cloud'."
About Bybit
Bybit is a cryptocurrency exchange established in March 2018. The company provides online trading and mining services, as well as API support to retail and professional clients around the world.
For more information please visit: https://www.bybit.com/
For updates, follow Bybit's social platforms on Twitter and Telegram.
Contact:
Mavis Wu
mavis.wu@hkstrategies.com
+852 2894 6356
04.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: | English |
Company: | Bybit |
Germany | |
EQS News ID: | 1192382 |
End of News | DGAP News Service |
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1192382 04.05.2021