{"id":14446,"date":"2021-05-04T10:00:00","date_gmt":"2021-05-04T10:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/05\/04\/bybit-to-launch-cloud-mining-to-democratize-ethereum-mining\/"},"modified":"2021-05-04T10:00:00","modified_gmt":"2021-05-04T10:00:00","slug":"bybit-to-launch-cloud-mining-to-democratize-ethereum-mining","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/05\/04\/bybit-to-launch-cloud-mining-to-democratize-ethereum-mining\/","title":{"rendered":"Bybit to Launch Cloud Mining to Democratize Ethereum Mining"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p> SINGAPORE &#8211;  <a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>  &#8211; 4 May 2021 -&#13;<br \/>\nCryptocurrency exchange <a href=\"https:\/\/www.bybit.com\/\">Bybit<\/a> will launch in May Bybit Cloud Mining, a&#13;<br \/>\nmining-as-a-service (MaaS) product that gives users instant access to ether&#13;<br \/>\n(ETH) mining from as little as $100. <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p> \u00a0 <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b> Democratizing and de-risking crypto mining <\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p> The relentless growth of cryptocurrencies&#13;<br \/>\nin recent months has caught mainstream attention and fueled a surge in interest&#13;<br \/>\nin crypto mining \u2014 or receiving crypto tokens for verifying blocks of&#13;<br \/>\ntransactions.  <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p> The profitability of this endeavor,&#13;<br \/>\nhowever, is hampered by a number of factors: the supply and price of the&#13;<br \/>\ncomputer system, operation and maintenance cost, and electricity fees that&#13;<br \/>\nrender crypto mining costly and painstaking.  <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>As the first entry to Bybit&#8217;s ByFi&#13;<br \/>\nproduct suite, Bybit Cloud Mining aims to help users navigate the booming yet&#13;<br \/>\never-changing industry by lowering the barrier to entry and ensuring a&#13;<br \/>\nhassle-free approach to mining, thus opening the door to greater profitability&#13;<br \/>\nand fewer risks. Bybit Cloud Mining offers hashing power, or hash rate, to a&#13;<br \/>\nremote data center with shared computing power to mine ether. Users can start&#13;<br \/>\nfrom as low as $100 and without ever having to run their own hardware. \u00a0  <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b> Hop&#13;<br \/>\non, hop off: high visibility and profitability <\/b><b\/><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p> Bybit Cloud Mining offers flexible 7-,&#13;<br \/>\n21-, and 42-day plans. Users can customize a short-term investment plan for&#13;<br \/>\ngreater profitability, while minimizing the risks of price fluctuations and&#13;<br \/>\nunforeseeable market activities in the long term. The service will be instantly&#13;<br \/>\navailable upon purchase, come with 100% usability, and have any downtime&#13;<br \/>\ncovered by Bybit, allowing users to mine with greater confidence.  <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;We are really excited to introduce&#13;<br \/>\nBybit Cloud Mining, and think it is an ideal solution for users who are  interested in crypto mining, but&#13;<br \/>\ndon&#8217;t want to be bogged down by the hassle of operations and hardware&#13;<br \/>\nmaintenance, &#8221; said Bill Xing, head of financial products at Bybit. &#8220;With&#13;<br \/>\nBybit Cloud Mining, all that users  have to do is to purchase the amount of hashrate they want and sit back&#13;<br \/>\nto see ETH harvested directly &#8216;from the cloud&#8217;. &#8220;<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-05-04\/76679\/bybit-to-launch-cloud-mining-to-democratize-ethereum-mining\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211; Media OutReach &#8211; 4 May 2021 -&#13; Cryptocurrency exchange Bybit will launch in May Bybit Cloud Mining, a&#13; mining-as-a-service (MaaS) product that gives users instant access to ether&#13; (ETH) mining from as little as $100. &#13; &#13; \u00a0 &#13; &#13; Democratizing and de-risking crypto mining &#13; &#13; The relentless growth of cryptocurrencies&#13; in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14446"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14446"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14446\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}