The Aussie tech scene has a new kid on the block in the form of new global Bitcoin mining operator, BitcoinCloudMining.com, an Australian owned and operated cloud based mining platform.
The high power mining platform, which has been mining Bitcoins since mid 2013, aims to reduce complexity of getting into the crypto-currency game for investors and offer the easy creation of a passive Bitcoin income without incurring the cost of mining hardware and operations.
BitcoinCloudMining.com is a key business of the Bitcoin Corporation (BTC Corporation), founded by Australian digital media pioneer and entrepreneur Domenic Carosa.
This specialist Bitcoin investment group also includes BuyaBitcoin.com.au, where Australian users can buy the currency. It also has several Bitcoin based products and services in the pipeline for the online interactive gaming industry.
Why is BitcoinCloudMining.com relevant right now?
A recent report from investment firm Wedbush Securities estimates that over US$200m was spent on Bitcoin mining equipment globally during 2013 and unsurprisingly, the utility costs of running the equipment are continuing to rise.
The entry of BitcoinCloudMining.com provides relief from these rising operating costs for individual Bitcoin miners by removing the overheads from the process and delivering simple access and an easy to use interface to the Bitcoin process.
“The Bitcoin mining market continues to shift rapidly from isolated operators to more evolved, entrepreneurial ventures creating the opportunity for individuals to get involved without onerous investment in fast equipment and utility costs,” BTC Corporation CEO, Simon Oliver remarked.
Further enhancing ease of use, BitCoinCloudMining.com offers users subscription-based services and has expressed that it is committed to securely and consistently providing newly mined Bitcoins over the long term.
“As an early adopter of the Bitcoin technology, the Australian market also provides an accommodating regulatory ecosystem. The recent launch of Australia’s first Bitcoin ATM’s is a promising sign that the market is seriously embracing this new digital currency,” Oliver commented.