Coinspeaker
Extreme Weather Conditions in North America Affect Binance Cloud Mining
Yesterday, cryptocurrency exchange platform Binance reported that from December 24 to December 26, its cloud mining products experienced issues as a result of a power interruption caused by severe storms in North America.
Binance Cloud Mining
According to the announcement released by Binance, the company decided to extend its users’ subscriptions to cloud mining products for three days. In case a power outage takes place again, another extension will be done. The average online rate will be counted based on the contracts customers have purchased.
Further, Binance noted that those without access to mining equipment can still earn mining rewards from the Binance Pool, thanks to Binance Cloud Mining. Hashrates are available for purchase from the cloud mining goods, and users can then start earning rewards in their funding wallet.
Binance launched its Cloud Mining service in November of this year. The s
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