- Binance has announced a pre-sale for its new cloud mining products aimed at facilitating BTC mining.
- Participants will accrue APR rewards on their purchases from the pre-sale’s conclusion until the mining’s start.
Binance, a leading player in the digital currency ecosystem, is set to revolutionize the BTC mining landscape with the introduction of a pre-sale for its cloud mining products. Starting today, users can participate in this venture that promises to redefine Bitcoin mining strategies and opportunities.
— Binance (@binance) June 30, 2023
The subscription period for the pre-sale commences from June 30th, 2023 at 02:00 (UTC) and will run till July 31st, 2023 at 02:00 (UTC). The availability of these cloud mining products is restricted, and allocation will be on a first-come, first-served basis. The cost associated with the hashrate is set at 0.0200 USD/T/Day while the electricity rate is earmarked at 0.0531 USD/T/Day.
For the uninitiated, hashrate pertains to the measure of computational power per second that miners dedicate to the Bitcoin network. It directly impacts the efficacy and profit of mining operations. In this case, the anticipated mining start time is slated for September 30th, 2023 at 04:00 (UTC).
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To partake in the pre-sale, users can access the Binance App homepage, navigate to the ‘More’ tab and select ‘Cloud Mining’ listed under the ‘Earn’ section.
Binance takes a unique approach to bridging the gap between the pre-sale and mining commencement. Participants will start receiving APR rewards on their purchases through Simple Earn Flexible Products, commencing from the pre-sale’s end till the mining start time. Subsequently, these rewards will be calculated and deposited into the users’ Funding Wallets within a month after the mining start time.
However, the caveat here is the possibility of delivery delays due to force majeure or unforeseen factors. If the hashrate isn’t delivered by the stipulated mining start time, affected users are assured of a refund on their purchases, which will be credited to their Spot Wallets.
As with any digital currency initiative, the participation in the pre-sale is subject to certain conditions. Participants must have their accounts verified for subscriptions to the cloud mining products. Binance asserts its right to modify or revoke any activity or rules at its discretion. In case of any discrepancies between translated and original English versions of this announcement, the English version will be the deciding authority.
Binance cordially invites its users to join the pre-sale and explore the future of BTC mining. Let’s embark on this innovative journey together!
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