Bitcoin Miner HaoBTC Launches a Hashrate Exchange

HaoBTC, one of the biggest miners with around 110 Petahash, controlling slightly more than 4% of bitcoin’s network, has launched a new hashrate exchange where you can buy or sell part of Bitcoin’s mining network with a minimum purchase of 1 Terahash.

According to Xiong “Tyler” Yue, Vice President of HaoBTC, they have already sold 10 Petahash in just five days, with the company stating they are sole proprietor of the mining hardware, therefore “do not lean on any accidental factors.”

“Our mining farm might be one of the most famous ones all over the world. Many media have reported us, for example: They located in Sichuan and Xinjiang, China. Tens of thousands of Avalon A6, and Antminer S7 S9 were used,” Yue told CCN.

The service appears to be a typical cloud mining offer, but the company states they have “cheap electricity and NO any FEE for maintenance and management.” Perhaps slightly more interestingly they have launched an exchange. Yue states:

“We don’t provide margins and futures now, but we will provide margins in the future.

Read more ... source: TheBitcoinNews

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