Bybit To Launch Cloud Mining To Democratize Ethereum Mining

Bybit To Launch Cloud Mining To Democratize Ethereum Mining


May 4, 2021 – Singapore, Singapore

In May, cryptocurrency exchange Bybit will launch Bybit Cloud Mining, a mining-as-a-service (MaaS) product that gives users instant access to Ether (ETH), mining from as little as $100.

Democratizing and de-risking crypto mining

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The relentless growth of cryptocurrencies in recent months has caught mainstream attention and fueled a surge in interest in crypto mining – or receiving crypto tokens for verifying blocks of transactions.

The profitability of this endeavor, however, is hampered by a number of factors – the supply and price of the computer system, operation and maintenance cost and electricity fees that render crypto mining costly and painstaking.

As the first entry to Bybit’s ByFi product suite, Bybit Cloud Mining aims to help users navigate the booming yet ever-changing industry by lowering the barrier to entry and ensuring a hassle-free approach

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