April 11th, 2018 at 11:46 pm UTC · 2 min read
FinCloud, a cloud mining service owned by the Swiss blockchain holding company Finom AG, has begun accepting orders for the purchase of mining power. All FinCloud users will be entitled to earn income for one month following their initial purchase.
At the pre-order stage, FinCloud is offering a 40% discount valid until 15 April 2018.
Cryptocurrency mining, as a form of wealth creation, started becoming particularly popular in mid-2017. Around this period the value of the cryptocurrency market rose sharply, along with the mining profitability.
However, mining remains out of most people’s reach. Setting up and maintaining mining rigs is technically complex and takes up a great deal of time.
Another challenge in this activity is the considerably expensive nature of the individual mining equipment. Companies offering clients the opportunity to rent mining rigs sold out of their power so quickly that the market is now experiencing a deficit as a result.
The Finom company has announced the launch of a new cloud mining service called FinCloud, which will happen later this month. Mining power for this service is already being sold.
FinCloud offers the mining of the most popular and profitable cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Ethereum Classic, ZCash, and Electroneum.
“FinCloud is a part of the wider Finom ecosystem that contains five large crypto services including TabTrader trading mobile app and Nanopool, one of the world’s largest Ethereum mining pools. The equipment is owned by Cryptal mining center, which also forms part of Finom holding. Having provided the other profitable services in our ecosystem, we can offer much more competitive prices. FinCloud’s rates are lower than the rest of the market,”
said Rustam Kutuev, founder of Cryptal mining center and head of business development at Finom AG.
FinCloud accepts payments in US Dollars but not Euros, to aid its users in conserving value on the exchange.
The Cryptal center mines most cryptocurrencies through Nanopool, with the exception of Bitcoin and Litecoin. In the future, the company plans to launch its own pools for these two coins, so that they can be easily mined with the platform’s ecosystem.
Disclaimer: Finom AG is the source of this content. 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. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Finom AG token sale is closed to US participants and participants of all countries in which ICOs are illegal.