- Telecom service provider du has launched a cloud mining service.
- du’s Cloud Miner is available exclusively for UAE residents.
- Crypto users can participate in du’s cloud mining by subscribing to the service.
du, a leading telecom and digital service provider, has launched Cloud Miner, a Cloud Mining as a Service (MaaS) project in Dubai, making it the first telecom company in the UAE to venture into this sector. The firm unveiled its latest project via a laser show, which it held at Burj Khalifa, the iconic building in Dubai.
A Cloud Mining Service for UAE Residents
According to reports, du will offer the innovative mining service under its sub-brand, ‘du Tech’ portfolio, and will leverage its extensive data centre skills, ICT Infrastructure to pioneer sustainable crypto innovation.
Related: Basics of BTC Mining: Understanding the Process of Bitcoin Mining
It is crucial to note that du’s recently launched Cloud Miner is exclusive to UAE residents who can rent computational power on a subscription basis to participate in the cloud mining process. According to du’s latest announcement, the Cloud Miner subscription renting will open between November 3 and 9, and subscribers can bid online through the Online Auction website.
According to Jasim AlAwadi, the CICTO at du, the company’s goal for launching Cloud Miner is to offer an easy entry point into the world of cryptocurrency whilst leveraging on du’s reputation for reliability, transparency, and security. AlAwadi stated that the newly launched service embodies du’s commitment to innovation, leveraging the firm’s robust data centre skills & ICT infrastructure to secure a sustainable future for digital finance in the UAE.
Simplifying How Investors Earn Bitcoin
It is worth noting that du has structured its cloud mining innovation such that users can enjoy all the benefits of mining, such as potential Bitcoin rewards and participation in the blockchain ecosystem. According to the firm, it will ensure that subscribers earn mining rewards without the burdens of hardware management, electricity costs, or maintenance concerns. It also noted that subscribers can start earning rewards immediately after subscription.
Related: France Plans Using Surplus Electricity for Bitcoin Mining, Earn $150 Million in Revenue
du boasts a rich heritage in telecom and claims to adopt a forward-thinking approach to adopting new technologies. The firm noted that the newly launched service stands out for its transparency, reliability, and du’s proven ability to deliver.
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Source: https://coinedition.com/du-launches-cloud-miner-for-uae-crypto-enthusiasts/
