KuCoin targets 10% of Dogecoin mining capacity via new mining platform

2 weeks ago

KuCoin’s caller cloud-mining level is aiming to power 10% of Dogecoin mining capacity, portion offering investors caller opportunities to put successful hashrate.

KuCoin targets 10% of Dogecoin mining capableness via caller mining platform

KuCoin cryptocurrency speech is aiming to seizure 10% of the blockchain mining capableness down the world’s largest memecoin, the Dogecoin network, done the motorboat of a caller unreality mining platform.

KuCoin speech is launching a unreality mining level that offers retail and organization investors entree to verifiable hashrate backed by planetary mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of powerfulness resources.

The caller platform, KuMining, volition connection investors entree to Bitcoin (BTC) and Dogecoin (DOGE) hashrate and merged mining for Litecoin (LTC).

The level is launching with a hashrate of astir 10 exahashes per 2nd (EH/s) and astir 200 terahashes per 2nd (TH/s) for DOGE/LTC, which represents 10% of the Dogecoin network’s mining power.

Controlling 10% of the Dogecoin network’s mining capableness would marque KuMining the fourth-largest Dogecoin mining entity, pursuing F2Pool, ViaBTC and AntPool.

F2Pool is presently the largest Dogecoin miner, with 910 TH/s, which accounts for implicit 33.1% of the network's known hash rate, according to information from miningpoolstats.stream.

KuMining aims to “decentralize” the hashrate from “institutional control”

The inaugural aims to “decentralize the hashrate distant from organization control, with auditable information and transparent fulfillment,” wrote KuCoin successful a Wednesday announcement shared with Cointelegraph.

KuMining whitethorn equalize “opportunities successful cryptocurrency mining,” said Jolie Du, main operating serviceman of KuMining, adding:

"Users tin rent genuine hashrate from nonrecreational facilities, with regular yields automatically credited, eliminating hardware acquisition, vigor management, and attraction complexities.”

“This low-barrier attack suits those seeking unchangeable information without method resources, fostering sustainable wealth,” helium added.

The level plans to adhd caller water-cooled mining rigs each period to guarantee users payment from expanding mining capacity.

Purchasing hashrate done the level volition beryllium disposable opening September 16.

KuCoin is the world’s ninth-largest cryptocurrency speech with $1.6 cardinal successful regular spot trading measurement and implicit 3.7 cardinal play progressive visitors, data from CoinMarketCap.com shows.