KnCMiner has unveiled a fresh cloud-mining service, suggesting six-month contracts out of its Arctic bitcoin mine.
KnC Cloud, launched on 2nd September, leverages the company’s existing gegevens center space ter northern Sweden. The so-called Clear Sky mine boasts more than 7 petahashes vanaf 2nd ter estimated mining power.
KnCMiner said the program will benefit from the cheap cooling and local renewable energy sources afforded by the Arctic Circle. Thesis geographical advantages have led many companies ter the bitcoin mining space to look to the Arctic, potentially establishing the region spil a key battleground ter the wedstrijd to generate bitcoins.
KnCMiner director of marketing and public relations Nanok Bie told CoinDesk that the launch reflects a demographic shift taking place among the bitcoin community, with more miners opting to outsource their hashing power rather than operate huis mining equipments.
“Wij’re launching cloud services because of shifts te the market and request from would-be customers. Huis mining is becoming more and more difficult because of energy costs etc. Having your mining te the cloud has demonstrable advantages – wij can source green electro-therapy cheaper for example, and have other bulk advantages.”
The KnC Cloud service consists of three different packages inbetween 1 and Three TH/s, with the cost averaging inbetween $1.99 vanaf GH/s to $1.79 vanaf GH/s, respectively. According to the company, the hosting costs account for any mining-related fees and reflect the actual price of the service.
Bie explained that the service is indicative of how next-generation mining services may evolve ter the months and years ahead, with offerings including more sophisticated resources and value-added services driven by request.
He told CoinDesk:
“Wij think our offerings will stand out overheen the long run, spil customers don’t have to stand te line te an auction, don’t have to worry about the Chinese renminbi currency exchange versus USD or BTC to calculate costs going forward and wij’re also not suggesting strange products where the users don’t know where they are mining, if they are mining at all etc. Our fees can not rise overheen time spil there are no fees.”
Like other cloud hosting solutions ter the mining space, KnC Cloud offers a proprietary user interface that provides implements for miner configuration and balance management, spil well spil gegevens for spectacle analysis.
Product expansion proceeds
The launch of its fresh cloud hosting goes after a string of announcements from the Sweden-based mining company.
Earlier this month, the company said that its Titan line of scrypt miners had entered the final stages of production and that it wasgoed moving to the testing phase at its facilities. At the time, KnCMiner clarified the unit’s final projected hashing power spil well spil its expected power requirements.
KnCMiner’s software offerings also received an update this week. Joining a growing list of companies that opt to use the denomination, KnCMiner announced on 27th August that its mobile wallet app would use ‘pinnig’ instead of BTC.
The summer hasn’t bot entirely rosy for the company, however.
Te June, KnCMiner took to social media to defend itself against a rising customer backlash regarding its policies. Customers accused the company of reneging on earlier promises related to its then-delayed Neptune line of bitcoin miners.
The leader ter blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.