KuCoin, the parent company of the KuMining service, announced the official launch of KuMining at Token2049, a premier crypto event happening on October 1-2 in Singapore. The event brings together top crypto leaders, exciting projects and blockchain enthusiasts from across the globe, giving a perfect opportunity for KuMining’s launch.
The event will be the official launch, despite already going live to the public on September 16. According to the team’s press release, KuMining will have a booth at the event, flying the “Simple Mining, Smart Gains” banner, introducing the audience to a “revolutionary way of mining”.
“KuMining reflects KuCoin’s mission of advancing ‘crypto for good.’ At TOKEN2049, we reaffirm our commitment to building an inclusive Web3 by empowering individuals to participate in mining’s foundational role.” BC Wong, CEO of KuCoin.
KuMining is a new way of mining cryptocurrencies, which democratizes industrial-scale mining, offering transparent, cost-effective, and user-friendly solutions for everyone. KuMining allows users to mine Bitcoin, Litecoin and Dogecoin by decentralizing hashrate (mining power) to the individual.
About 43 per cent of Bitcoin’s hashrate is currently concentrated among five corporations, which is against the ethos of decentralization on Bitcoin. The launch of KuMining is expected to give back power to the individual miner without the need for expensive equipment, high costs and high energy consumption. The service will offer transparent, cost-effective, and verifiable hashrate access for retail and institutional users alike.
KuMining sold out 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 shortly after launch, a clear indication of the demand for mining.
Unveiling The Next Evolution of Cryptocurrency Mining
KuMining is redefining mining participation by including everyone in the mining process by removing the barriers of centralization, high capital requirements and energy consumption. Speaking on the official launch at Token2049, Jolie Du, COO of KuMining, said:
“TOKEN2049 is the ideal venue to showcase KuMining’s vision of making mining accessible to everyone. By returning hashrate to real users at fair costs, we enable a future where mining is no longer a privilege, but a shared opportunity.”
The platform delivers direct access to authentic, industrial-grade hashrate for Bitcoin (BTC) and Dogecoin (DOGE), with merged mining for Litecoin (LTC). Every contract is backed by audited machines in top-tier facilities, ensuring transparency and trust.
Token2049 offers KuMining the perfect opportunity to grab the attention of thousands of crypto enthusiasts, as they build the next evolution of crypto mining. To maximize attention, KuMining will have a booth at the Exhibition, offering a full customer experience on the cloud mining service.
Attendees will be able to have direct discussions with KuMining’s team to explore how cloud mining bridges the gap between retail investors and crypto’s core infrastructure. In addition, the conversation will continue through KuMining’s social media channels using the hashtags #TOKEN2049 and #KuMining.
For KuMining, the goal is to revolutionize mining and scale the platform to become the leading user-mining retail services. In future, the service aims to expand the platform, allowing multi-coin mining, integration of green energy solutions, and deeper synergy with the KuCoin ecosystem to enhance liquidity and rewards.
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Author: NixCoin