FinCloud, a cloud mining service by the Swiss blockchain holding company Finom AG, has begun accepting orders for the purchase of mining power. The service’s clients will begin receiving income one month after their purchase. At the pre-order stage, FinCloud is offering a 10% discount valid until April, 28th 2018.
The new cloud mining service FinCloud intends to offer mining of the most popular and profitable cryptocurrencies: Bitcoin, Litecoin, Ethereum, Ethereum Classic, ZCash, and Electroneum.
Mining, or obtaining cryptocurrency by solving labor-intensive mathematical problems, became particularly popular in mid-2017. At that time, the price of cryptocurrency rose sharply, along with the mining profitability. However, mining remains out of most people’s reach. Setting up and doing maintenance on mining rigs is technically complex and takes up a great deal of time. In addition, individual equipment purchase is expensive. Companies offering clients the opportunity to rent mining rigs sold out their power so quickly that the market is now experiencing a deficit of such services.
“FinCloud is part of the wider Finom ecosystem that contains five large crypto services including TabTrader trading mobile app and Nanopool, one of the world’s largest Ethereum mining pools. The equipment is owned by Cryptal mining center, which also forms part of Finom holding. Having provided the other profitable services in our ecosystem, we can offer much more competitive prices. FinCloud’s rates are lower than the rest of the market.”
The Cryptal center mines cryptocoins, with the exception of Bitcoin and Litecoin, via Nanopool. In the future, the company plans to launch its own pools for these two coins, so as to mine them within Finom’s ecosystem.
In November 2017, Finom AG completed the first private tokenized shares offering in accordance with USA regulations.