Key Points:

  • Binance Cloud Mining products could face a power interruption for around 24 hours due to the severe weather in North America. Binance will prolong the order time of cloud mining products to account for potential power outages and protect against the unpredictability of outside weather variables.

  • Binance Cloud Mining products may undergo a power outage on December 24 for around 24 hours for the same reason.

Binance Cloud Mining products are facing difficulties in North America as a series of problems caused the operation to be suspended.

Products from Binance Cloud Mining lost power as a result of the severe weather in North America. Binance will add three extra days to the end of affected Cloud Mining Product subscriptions to make up for the power interruption.

Users who don’t have access to mining equipment can still earn mining rewards from the Binance Pool, thanks to Binance Cloud Mining. Hashrates are available for purchase from the cloud mining goods, and users can then begin earning rewards in their funding wallet.

Binance Cloud Mining products may undergo a power outage on December 24 for around 24 hours for the same reason, the exchange previously warned. Additionally, to account for a potential power interruption and protect against the unpredictability of outside weather elements, Binance will extend the order time for cloud mining products. In accordance with the contracts customers have purchased, the average online rate will be determined.

In the event of another power interruption, Binance will extend the length of all Cloud Mining Product subscriptions appropriately, and no more notice will be made.

Binance Pool declared that it would participate in cloud mining, a service that enables investors who might not otherwise be able to own and run their own equipment to rent cryptocurrency mining equipment, as well as establish of its own $500 million financing fund for Bitcoin miners.

Although the market is in a harsh winter, mining activities are still active. For example, CleanSpark is going on a buying spree of mining rigs and data centers to prepare its mining facilities.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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