- KuCoin launches KuMining, a cloud mining platform for BTC and DOGE.
- KuMining holds about 10% of Dogecoin’s network mining power.
- Platform backed by global energy resources and scalable infrastructure.
Global crypto exchange KuCoin announced on Wednesday the launch of KuMining, a new cloud mining platform that gives users direct access to Bitcoin and Dogecoin hashrate. The platform is already live with enough power to control 10% of the entire Dogecoin network’s hashrate.
What is KuMining? A New Platform for BTC and DOGE
KuMining is a cloud mining platform designed to give retail users access to industrial-scale mining operations without needing to own or maintain any hardware.
What is the scale of the operation?
The platform is launching with over 10 exahashes per second (EH/s) in Bitcoin hashrate and about 200 terahashes per second (TH/s) for Dogecoin and Litecoin (via merged mining).
KuMining is backed by up to 2 gigawatts of power from global sites and is adding thousands of new water-cooled mining machines monthly.
How does it work for users?
Users can rent “genuine hashrate” directly from professional facilities, with daily mining yields automatically credited to their accounts. This allows them to dollar-cost average into BTC and DOGE through mining rewards rather than direct market buys.
The “Decentralization” Angle: Shifting Power to Retail
KuCoin has framed this as a move to decentralize mining power away from large institutions back into the hands of individual retail investors.
The business model
KuMining was built in partnership with global mining manufacturers and energy providers. KuMining to remove intermediary markups. This gives users direct access to hashrate at competitive costs. KuCoin said this approach decentralizes mining power, shifting it from institutions to retail users.
“We are immensely proud to introduce KuMining, a platform that equalizes opportunities in cryptocurrency mining,” said Jolie Du, chief operating officer of KuMining. “Users can rent genuine hashrate from professional facilities, with daily yields automatically credited.”
KuCoin’s Commitment to Retail Investors
KuCoin CEO BC Wong said the launch reflects the company’s commitment to its community. “KuMining’s incubation reaffirms our community commitment, advancing ‘crypto for good’ by bringing hashrate back to retail investors at competitive costs,” Wong said.
Notably, the product will be available for purchase starting September 16. KuCoin said KuMining offers consistent mining outputs, risk management tools, and the ability for users to dollar-cost average into digital assets without direct market exposure.
Looking forward, KuMining integrates into KuCoin’s broader ecosystem, offering settlement and rewards through KuCoin Token (KCS). The initiative expands KuCoin’s role in core crypto infrastructure while opening mining access to a wider user base.
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