KuCoin announces the launch of a new cloud service called KuMining that will allow users to participate in Bitcoin and Dogecoin mining.
Industrial Power and Retail Access
At launch, KuMining controls over 10 EH/s in Bitcoin hashrate and 200 TH/s for Dogecoin and Litecoin through merged mining. The platform is backed by up to 2 gigawatts of energy across multiple sites.
User Accessibility
Users can rent genuine hashrate and receive daily payouts in BTC or DOGE, which allows them to avoid hardware costs and maintenance. COO Jolie Du noted that this solution equalizes opportunities in cryptocurrency mining.
Future Steps for KuCoin
The platform officially opens on September 16, offering consistent outputs, risk management tools, and integration with KuCoin's broader ecosystem. The launch of KuMining indicates KuCoin's ambition to become a key player in the cryptocurrency industry.
KuCoin continues to expand its services by providing retail users with access to industrial-scale mining, which could redistribute market shares within the cryptocurrency sector.
