BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer
The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself. China-based mining pool Btc.top wants to upgrade the concept of cloud mining, which allows users to mine crypto remotely by buying a certain amount of hash power from a third-party, with what it calls “joint mining.” Announced on July 25, the company’s new “joint mining” subsidiary B.top aims to reduce the risks associated with “popular cloud mining products” by offering more flexibility. Specifically, B.top claims to charge service and maintenance fees to its users only after they have reached the break-even point, meaning that its customers start to share profits when their revenue is equal to the cost they initially paid to purchase the equipment.
Coin Telegraph - 25th Jul 16:07