world’s largest cryptocurrency exchange Binance announced the launch of cloud mining services on Binance Pool.
Cryptocurrency Exchange Binance Announces Launching Cloud Mining Service With Official Blog Post
Cryptocurrency company used the following statements in its announcement:
“Binance Pool is pleased to announce the launch of its Cloud Mining service that will allow users without access to mining equipment to earn mining rewards from Binance Pool.
Effective from 07:00 on November 22, 2022 Turkey time, users can complete Cloud Mining product subscriptions to purchase hashrate and mine BTC on the cloud.
However, the company also issued a risk warning on the subject in its announcement:
“Cloud Mining products are not without risk. Fluctuations in the market price of tokens and adjusting the difficulty of computing power can affect the actual revenue of cloud computing power products and even losses may occur.”
It has been announced that there will be no administration fee for all users exclusive to the first month:
“Due to the launch of the Cloud Mining service, all users who subscribe to Cloud Mining products during the Activity Period will be able to enjoy zero management fees for Mining Pool Rewards for one month.”
Users must verify their accounts to complete their subscription to Cloud Mining products and qualify for zero administration fees during the Activity Period.
All products were sold out in a short time. The company stated that the current activity period will continue until the 22nd of next month.
*Not investment advice.
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