Cryptocurrency exchanges have frequently come to the fore with their recent work. This time, Binance came to the fore with its work amid the SEC pressure in the USA. Binance has launched Bitcoin mining cloud services.

Bitcoin Mining Cloud Service from Binance

Crypto exchange Binance announced the launch of new subscription-based mining products focused on the leading cryptocurrency, Bitcoin. Users who are interested in Bitcoin mining but do not have the hardware can subscribe to Binance's cloud mining services and purchase hashrate for it.

Binance is currently selling 1 Terahash per second at $10.7280. This hashrate and electricity costs are split between $1.17 and $9,558 respectively. A higher number of hashrate increases the likelihood of a higher income in terms of Bitcoin earned through mining.

Binance's BTC mining subscription service will be active for 180 days, or approximately six months. Users will be able to earn 0.0004338 BTC throughout the timeline for each TH/s purchased.

Also, as a reminder, Binance had previously clarified in its statement about the latest Securities and Exchange Commission crackdown in the US that “Binance is a separate entity and our users will not be affected by the issues at Binance.US.”

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