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Bitcoin News

Binance Launches New Cloud Mining Products for BTC

Cloud Mining for BTC: Binance Launches Subscriptions with Competitive Rates.

Written By Ronak Kumar
Published 2023-05-25·Updated 1 year ago
Make The Crypto Times preferred on GoogleGoogle
Binance Launches New Cloud Mining Products for BTC

Binance has introduced a new batch of Cloud Mining products focused on Bitcoin (BTC) mining. Users can now subscribe to purchase hashrates and begin earning mining rewards in their Funding Wallets. 

#Binance is launching a new batch of Cloud Mining products for #BTC mining!

Find out more ➡️ https://t.co/0NBlC6q3KO pic.twitter.com/czqIt5zqoO

— Binance (@binance) May 25, 2023

The subscription period starts on May 25, 2023, at 02:00 (UTC), and follows a first-come, first-served format. Mining operations are estimated to commence on June 1, 2023, at 04:00 (UTC).

Binance offers a 180-day Cloud Mining period starting from June 1, 2023. Users can start with a minimum purchase of 1 TH/s for $11.8980. Each additional 1 TH/s costs about $0.0661. The estimated daily output during the mining period is 0.00000261 BTC, resulting in a total estimated output of that multiplied by 180 days.

Users are required to have verified accounts to participate. Binance emphasizes that in case of any discrepancies, the English version of the terms and conditions takes precedence over translated versions.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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