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KuCoin Unveils KuMining Cloud Mining, Opening Sept. 16 With Industrial-Scale Hashrate

KuCoin describes KuMining as a way for individuals to rent professional hashrate with automatic daily payouts.

Overview

  • KuCoin announced KuMining, an incubated cloud-mining platform for Bitcoin, Dogecoin and Litecoin with company-claimed over 10 EH/s BTC capacity and 200 TH/s for DOGE/LTC.
  • KuMining’s Scrypt offering supports merged mining of Dogecoin and Litecoin, with KuCoin saying its DOGE/LTC power equals about 10% of the Dogecoin network.
  • The operation is backed by verified global power resources ranging from 300 megawatts to 2 gigawatts and includes public monitoring and auditable data.
  • User access begins on September 16, with rentable hashrate and daily rewards credited in BTC or DOGE and options to settle and earn through KuCoin Token (KCS).
  • KuCoin positions the venture as a retail-focused alternative to institutional mining, built with hardware manufacturers, mining operators and energy partners and slated for monthly capacity additions including water-cooled rigs.