CLOUD MINING WEBSITE INTRODUCTION
CLOUD MINING WEBSITE is running as a separate entity under the umbrella of their parent company. Because of lack of regulation regarding bitcoin in the country, They decided not to form any separate company. Moreover, because of NDA between their parent company and the investors they are bound to keep their operational details as private. So, to keep up with the competition they started to procure ASICs under the name of their parent company and its different subsidiaries.
Like most other bitcoin businesses they also made a big profit at the end of 2013 price spike as well as took the hit of price slump afterwards. But, their existing infrastructure allowes to keep mining at an optimum cost. This was the time, they thought of the idea, why not open their mining infrastructure for the public ? This would allow them to minimize risk as well as garner more mining power. There came the idea of cloud mining.