Cryptocurrency exchange Binance currently sells 1 Terahash per second (Th/s) for $10.7280, with hash rate and electricity costs of $1.17 and $9.558 respectively.
Cryptocurrency exchange Binance announces new subscription-based Bitcoin mining product
Starting June 15, users who are interested in bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining service and purchase hashrate. Hashrate is the computing power required to confirm and legitimize bitcoin transactions through the blockchain.
Binance currently sells 1 Terahash per second (Th/s) for $10.7280, with hash rate and electricity costs of $1.17 and $9.558 respectively. In terms of Bitcoin earned through mining, a higher hash rate increases the likelihood of earning higher income.
Binance’s BTC mining subscription service will last for 180 days, or about six months. For each TH/s purchased, users will be able to earn 0.0004338 BTC over the timeline.