ViaBTC Mining Pool Brings Back Crypto Cloud Mining Services

ViaBTC, the popular mining pool, decided to bring back the crypto cloud mining services because digital assets are becoming profitable again. When the bullish cycle ended, mining became less profitable and most services like cloud mining disappeared but now ViaBTC is bringing them back so let’s read more in today’s crypto news.

The lucrative opportunity caused a return of demand for the cloud crypto mining services and the ViaBTC mining pool re-launched a new version of the popular cloud mining services. The mining pool is a well-known mining pool that decided to bring back the cloud mining contracts for BTC and ETH. The new contracts featured top-of-the-line machinery that is ready for a consistent and strong hash rate. About 17/PH/s is offered for BTC while the ETH contracts are pegged at 44GH/s.

The customers can sign up for various length terms and will be able to pay for a variety of crypto assets like BTC, BCH, ETH, USDT, and LTC. Cloud mining services and rates are perfect for enthusiasts and individuals that are looking to get into crypto mining. It’s a smart way to invest funds in the high-end equipment and proper setup so cloud mining contracts will also be able to leverage the hash power of the pool and to provide the best possible ROI.

As institutions start growing their operations, good mining equipment is becoming harder to come by. Eddie Jiang, the COO of ViaBTC says that the solution can be found in their cloud mining services:

 “By launching the cloud mining service, we have lowered the mining threshold. Though there are more institutional players entering this industry to set up large mining farms, individual miners can still participate and benefit from purchasing cloud mining contracts.”

Crypto mining for individuals is now becoming more expensive to start because of the high yields. This has also made it more attractive for bigger players that are now coming into space with droves. By leveraging contracts instead of buying expensive equipment, the ROI will get better overall and it is also far less risky. For example, if you take a scenario where the mining equipment breaks down or overheats, you will be stuck without the income to make up for the money that you put down and you could even get stuck with a functionless rig.

ViaBTC can help you out in these situations as they take on the risk of broken equipment and will help you get back on track.