KuCoin Launches KuMining, Cloud Mining Platform for BTC, DOGE, and LTC with 10% DOGE Hashtag

KuCoin has launched a cloud mining platform called KuMining, which offers cloud mining services for Bitcoin, Dogecoin, and Litecoin. The platform boasts 10% of the Dogecoin network hashrate and allows for merged mining with Litecoin. KuMining is designed to provide low-barrier access to cryptocurrency mining for retail investors, with scalability and risk management features. The platform integrates with KuCoin's ecosystem and allows users to receive rewards via the native token KCS.

KuCoin, a leading global cryptocurrency exchange, has launched KuMining, an innovative cloud mining platform designed to democratize cryptocurrency mining for retail investors. The platform offers cloud mining services for Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), providing users with access to 10% of the Dogecoin network's hashrate and merged mining capabilities for Litecoin [1].

KuMining aims to lower the barriers to entry for cryptocurrency mining by offering a user-friendly, transparent, and cost-effective solution. The platform allows users to rent genuine hashrate from professional facilities, eliminating the need for hardware acquisition, energy management, and maintenance. Daily yields are automatically credited, making it an attractive option for those seeking stable participation without technical expertise [1].

The platform is built on a robust infrastructure, featuring 300 MW to 2 GW in verifiable global power resources. It initially offers over 10 EH/s (equivalent to 10,000 PH/s or 10,000,000 TH/s) in real-time BTC hashrate and 200 TH/s for DOGE/LTC, capturing about 10% of the Dogecoin network. The platform's data is auditable and publicly monitored for reliable delivery [1].

KuMining is integrated with KuCoin's ecosystem, enabling seamless settlement, enhanced rewards through the native token KCS, and greater participation in crypto's core infrastructure. The platform is expected to expand monthly with thousands of state-of-the-art water-cooled machines, ensuring capacity growth and real-time transparent monitoring operations [1].

The launch of KuMining marks a significant shift in the cryptocurrency mining landscape, providing retail investors with a low-barrier entry point into mining. The platform's scalability and risk management features make it an attractive option for those seeking consistent outputs and effective risk management [1].

References:
[1] https://www.prnewswire.com/news-releases/kucoin-presents-kumining-embodying-simple-mining-smart-gains-for-effortless-crypto-accumulation-302544722.html