KuCoin Introduces KuMining, Providing Confirmable Bitcoin and Dogecoin Mining Power

KuCoin, a leading cryptocurrency exchange, has announced the launch of its new cloud mining platform, KuMining. This innovative service aims to equalize opportunities in cryptocurrency mining by providing users with access to verifiable hashrate from top-tier facilities worldwide.

Set to open for purchase on September 16, KuMining offers a unique solution for users who wish to engage in cryptocurrency mining without the need for buying and running hardware themselves. Instead, users can rent hashrate from KuMining's professional facilities.

The platform caters to both retail and institutional users, providing a range of benefits such as generating steady outputs, managing exposure, and dollar-cost averaging into crypto assets without directly trading or holding volatile coins.

KuMining's total hashrate currently supports about 10% of the Dogecoin network, and it already supports more than 10 EH/s of BTC hashrate and roughly 200 TH/s for DOGE/LTC. The platform is designed to be auditable and transparent, without hidden fees or middle-man markups, and its facilities are monitored in real time.

Daily yields are automatically credited to user accounts, removing the need for hardware purchases, energy management, or onsite maintenance. Moreover, potential rewards through KCS are available within the KuMining platform.

It's worth noting that KuMining has been developed in collaboration with mining-equipment manufacturers, operators, and energy providers to create an end-to-end ecosystem. The platform is also integrated with KuCoin's ecosystem for settlement.

KuMining's rapid expansion is evident in its addition of thousands of water-cooled machines every month. The platform operates on a large, geographically distributed power base, between 300 MW and 2 GW across verified sites worldwide.

While specific companies involved in the development of KuMining were not explicitly mentioned in the provided search results, other significant players in next-generation cloud mining infrastructures include InvroMining, IEByte, and Rich Miner. These companies, known for their emphasis on renewable energy and innovative solutions, represent leading forces in the sector.

The goal of KuMining is to decentralize hashrate away from large institutional pools and give individual users verifiable, auditable access to mining infrastructure. By offering direct access to verifiable Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) hashrate, KuMining is set to revolutionize the cloud mining landscape.