Place/Date: New York, NY - December 15th, 2020 at 11:44 am UTC · 4 min read
Contact: Doris Yu, Source: BitFuFu
BitFuFu, the first HashRate-standardized mining platform in the world will provide users with HashRate-standardized cloud mining product services, and enable users to buy BTC with one-click ordering.
Today the cloud mining industry is piled up with service providers, and a huge variety of platforms. Pricing of HashRate contracts varies from platform to platform, and users are plagued by multiple variables.
Although somewhat developed over the last several years, the industry is still unable to provide direct service for the user’s core demand – “mining out”. The industry is in urgent need of standardization of mining output, transparent measurement, but the current “standardization” only lies in the “draft”, or “slogan”.
For users, commodity standardization avoids cluttered conditions and multiple variable factors and only requires attention to commodity price changes. Commodity standardization enhances the transparency of commodity prices, creates industry standards, reduces information asymmetry between trading parties, and increases industry openness. Similarly, the standardization of HashRate as an abstract digital commodity after the creation of Bitcoin is the way to go for better circulation in the future.
Right now the core inspection index of mining machine output (energy consumption, or J/T) is the only indicator of product standardization. However, the energy efficiency ratio (J/T) of each brand and model of mining machine currently on the market all vary.
BitFuFu is the first concept of standardization of mining HashRate, with multiple models of mining series equipment proportioned into a unified standard power consumption (energy efficiency ratio) BitFuFu’s different models are made with similar energy efficiency ratios through its efficient HashRate allocation center, to become standardized products with 30, 40 and 50 power consumption series of HashRate.
This allows users to focus solely on the energy efficiency ratio of each series to trade, rather than multiple factors. BitFuFu standardized products of HashRate will represent an effective breakthrough for the mining industry.
Users will be able to intuitively make calculations and selections for mining output. This will bring more efficient trading and liquidity of HashRate products will promote the healthy development of the industry, and all involved in it.
The BitFuFu platform also has all the generic advantages of a cloud computing platform, including:
The platform will be launched to promote the 30/40/50 series mining products, covering star mining machines such as S19pro, S19 and M30S in the market. Preferential activities include:
Additionally the most significant discount on the “30 series” products include Ant Mining Machine S19Pro model, S19 model and other mining machine models will be made on the day of platform launch, so stay tuned.
Interested parties can join the official BitFuFu global community now to take advantage of a special offer on 40 series HashRate products. Everyone can be a miner, and make money by inviting others to BitFuFu for rewards. The maximum reward for inviting friends is 5% and there is no upper limit for a single reward.
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Disclaimer: BitFuFu is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.