Binance Pool has just launched Cloud Mining, a service that allows users to purchase hashrate and mine Bitcoin in the cloud.
According to the announcement, registrants during the first month through December 22 will enjoy a zero management fee. According to the tariffs, it is 1.5%. The service also charges a 2.5% commission on mining rewards.
The service’s site reads:
“With Cloud Mining, you can completely forget about the equipment, as well as finding and renting sites for mining farms. Entrust operation and maintenance to your reliable partner.”
Recall Binance announced the launch of cloud mining products for BTC in October. At the same time, the exchange announced the creation of a $500 million fund to provide debt financing to struggling miners.
With its entry into the field of cloud mining, the exchange pool becomes a competitor to Bitdeer.