• Binance has recently decided to venture into the cloud mining world after launching a group of BTC mining products.
• Bitcoin’s hash rate typically represents the number of calculations achieved in a second and it reached an all-time high earlier last week at 320 EH/s.
• Many institutional (large-scale) investors and private miners dominate the industry, so small-scale miners should manage their expectations.
Binance Ventures Into Crypto Cloud Mining
Binance has recently decided to venture into the cloud mining world after launching a group of BTC mining products. Cloud mining typically means BTC miners do not have to purchase and maintain expensive equipment.
BTC Hash Rate at ATH
Bitcoin’s hash rate typically represents the number of calculations achieved in a second. The computing power (hash rate) required for the Bitcoin network reached an all-time high earlier last week at 320 EH/s, a 10% increase since the start of February and a 44% increase since December 2022.
Top Crypto Mining States
As of 2021, the U.S., China, Russia, Iran, and Kazakhstan were declared as the top crypto-mining states. Google Cloud also started offering mining services in 2021; however they do not offer a free trial.
Stormgain & Nicehash Platforms
Stormgain is multilingual and features an easy sign-up procedure with its sophisticated anti-fraud engine being one of its best characteristics. On Nicehash platform miners can select the amount of hash they want to buy, as well as pay for it.