Innovative Mining Service from HashByte Introduces New Benefits to Crypto
HashByte offers services for cryptocurrency cloud mining, and their goal is to continue to innovate for this already thriving industry. However, even though they are not the only company to offer cloud-based mining projects, they have discovered a way to use their services to take mining to a new level through “sustainable energy” practices that would reduce the cost of minting new bitcoins by contributing hashing power to the network.
In a press release in Australia on June 1st, 2018, the HashByte brand announced their intention to help consumers create a safer and less costly option for mining.
They have been involved with cryptocurrency for almost a decade, so they understand the stress of having to make time to mine, along with gaining the resources required to do so.
Now, consumers can mine through HashByte, while they sit back and relax and use their allegedly better-margined mining operation.
HashByte uses the existing cloud mining services that they provide and allow users to rent out the hash-power they need annually. The total cost that investors pay will vary, starting at $100, and they will be able to enlist the support of smart contracts.
These small investments help with low fees in the pools, less electricity used, and low pricing for hardware. However, the experienced user can see that these are all services that other brands offer already, leaving them wondering how HashByte is any different.
In a statement during an interview, the head of engineering at HashByte said:
“Essentially, we are trying to offer the lowest possible contracts, both to beat our competitors but to also save the environment.”
He continues to explain that these companies use an excessive amount of energy just to keep machines online and functional, and that energy comes direct from the grid.
Unfortunately, the use of that energy is incredibly bad for the planet, and HashByte wants to pull away from that concept. He continued,
“So we changed things. We opened up centers throughout Europe that are being sustained entirely from green energy, from both wind and solar with the goal of even utilizing biomass at some point in time. This means, we have no electricity fees, no maintenance fees, because we feel that should be on our shoulders, not our investors.”
This powerful move has already results in many investors contributing, and it has made amazing strides for the cryptocurrency world as a whole. Bitcoin and other tokens were taking a major hit last year, so any positive attention is welcomed.
For consumers and investors that want to contribute, the company is accepting Bitcoin, Litecoin, and Ethereum tokens, which are the top coins on the market right now. However, as the mining services thrive, consumers should see the less popular tokens as well, like Monero, ZCash, and others.
When investors first visit the website, they will most likely be surprised by how low the prices are, but they are legitimate. With the low fees for both the mining setup and the transactions, the success of this endeavor entirely depends on how the low fees and lack of electricity fees play out.
The release of this information comes at a strange and potentially ill-timed moment, considering the recent issues of Envisions in their mining. However, it also provides momentary relief from the issues that have been occurring in the industry as of late. With this new innovation in the market, HashByte could be the catalyst needed for the changes that this community needs to see.
To learn more about HashByte, consumers can either check out the website at hashbyte.io as well as read more guides on mining and the bitcoin minting process.