OXBTC cloud mining platform announces BTC/ETH cloudhash hosting

China-based OXBTC, a cloud mining platform, has announced world’s first bitcoin and Ether cloudhash hosting contracts on its platform.

According to the official release by cryptocoinsnews.com, the platform has also announced its business shift from pure cloud hashrates selling to cloudhash hosting services that provides more lucrative mining options for investors with reduced costs and maintenance price.

“The reason for this strategy adjustment is to maximize the ROI for all investors and build up a long-term partnership between OXBTC and it is over 100,000 users,” Weicheng, CEO of OXBTC explained. He also added that the company is looking at the future of the industry and he believes that the major driving forces for a healthy development of the ecosystem lies in investor’s benefits.

OXBTC’s cloudhash hosting contract allows 1 GHS of a minimum hosting unit for bitcoin mining and 0.01 MHS for Ether mining. This provides beginners a low threshold if it doesn’t seem like a big investment to start with. Also, there will be 100% transparency for the hosting since OXBTC makes the mining pool information public. 10 % of the mining income will be charged for the maintenance.

Founded in 2014, OXBTC is a cryptocurrency investment service platform which integrates cloud hash power purchase, trading, and Bitcoin deposit investment products. Cryptocurrency enthusiasts can purchase, trade cloud hash power and invest in Bitcoin deposit to enjoy the world's highest Bitcoin ROI. It is now running nearly 7 Petahash of Bitcoin hashrates and 80 Gigahash of Ether hashrates deployed in 3 of world’s largest mining farms in China.