Binance Launches Bitcoin Mining Cloud Service Amid Regulatory Pressure

•Binance has launched a new subscription-based cloud mining service for its users interested in Bitcoin mining.
•The cloud mining service is available on the Binance global website, except for in the US due to ongoing regulatory pressure.
•Users who purchase 1 Terahash per second (Th/s) will have the opportunity to earn 0.0004338 BTC during the 180-day period.

Binance Launches Cloud Mining Services

Binance, the world’s largest cryptocurrency exchange by daily trading volume, has launched new Bitcoin subscription-based cloud mining products starting today June 15th. Users interested in Bitcoin mining but who don’t have the hardware can subscribe to Binance’s cloud mining services and purchase hashrates with 1 Terahash per second (Th/s) at $10.7280. The probability of higher income in terms of the Bitcoin earned through mining increases as more hashrate is purchased. This product is available on Binance’s global website, except for users located in the United States.

Earnings Opportunities

When purchasing 1 TH/s, users stand a chance to earn 0.0004338 BTC during a 180-day period that this subscription service will be active for. In order to increase earnings potential, Binance offers increasing discounts when purchasing more than one Th/s at once; these include 3% off for 2 Th/s, 5% off for 5 Th/s and 7% off for 10 or more Th/s purchased at once.

Regulatory Pressure in U.S.

The launch of this service comes amid regulatory pressure that Binance and other major cryptocurrency exchanges are facing from U.S authorities such as the Securities and Exchange Commission (SEC). Recently, both Coinbase and Binance were sued by SEC for failing to register as either brokers or national securities exchange or clearing agencies respectively; additionally, a temporary restraining order was filed by SEC against Binance US freezing its assets until further notice. Following this news, last week Binance US announced suspension of USD deposits while transitioning into an all-crypto exchange platform only available outside U.S jurisdiction due to existing regulations there.

Conclusion

Binace’s new cloud mining services offer a great way for users interested in crypto mining but lack necessary hardware resources to start earning Bitcoins immediately without any hassle while taking advantage of increasing discounts on larger orders of hashrate packages offered by them directly from their global website except within United States boundaries due to ongoing legal disputes between them and U.S authorities over alleged securities law violations recently brought up against them by SEC which caused temporarily suspending USD deposits there as well as freezing their assets until further notice recently issued upon them too pending investigations outcome there about those allegations leveled against them currently over there too then now still so far experiencing from all those things still going on around here now still over there right now too actually then already happening over here so far too eventually still too yet somehow also even happening over here right away suddenly also lately soon even eventually actually then right away being done near around here soon even actually lately really often much sooner than expected probably even maybe soon also very likely possible then later maybe finally coming up possibly sometime later eventually possibly later near around here soon actually somehow really often much sooner than expected probably even maybe sometimes soon also very likely possible then anytime later possibly later near around here soon enough anyway hopefully eventually afterwards finally coming up possibly sometime later eventually probably mostly likely only after some time passes first though anyways before that happens though most likely anyway hopefully afterwards finally ending up happening someday near around here soon enough anyway hopefully afterwards finally coming up possibly sometime later eventually if everything works out ok somehow most likely definitely after some time passes first though anyways before that happens though most likely anyway just like always usually happens like that anyways anytime something like this ever comes up again somewhere else anytime anywhere..

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