CryptoUniverse, one of the leading providers in the cloud mining industry, has announced a partnership with Binance as part of the launch of a new mining program. The new mining program allows users to join forces to purchase collective mining contracts and partake in the rewards.

CryptoUniverse was founded in 2017 and has long been a mainstay of the global cloud mining scene. The mining center that houses the project is located in the Karelian Republic in northern Russia, where it has access to large stores of cheap energy. The facility is equipped with over 41,000 world class miners, the power of which is available to users who wish to benefit from low entry fees and high rewards.

Because of its ideal location and setup, CryptoUniverse has been able to build a loyal user base made up of many who have preferred mining with the platform over more traditional mining endeavors. Given the high electricity prices in most parts of the world and the exorbitant prices for new mining equipment, getting into mining can seem bleak. Because of these challenges, CryptoUniverse has been able to find a sizable niche of mining enthusiasts looking to try cloud mining.

In addition to the standard services, CryptoUniverse offers its users – including the rental and purchase of miners – the platform has just announced a new collective mining contract service and has partnered with Binance to ensure the highest level of transparency for participants.

The new collective mining service gives users the opportunity to come together and collaborate with their friends from other CryptoUniverse users. Miners who team up together buy a certain amount of hashrate that is managed by CryptoUniverse specialists. The purchased mining power produces rewards each day which are then shared by everyone in the mining pool in proportion to the individual hashrate amounts purchased.

The contracts are offered for an indefinite period of time, which means after purchase they remain valid until either the equipment is no longer functional or mining is no longer profitable. However, these contracts are resellable, so users can sell them to other miners at any time.

Binance is involved in the program through its Binance Pool platform. All collective mining contracts are backed by equipment running in the Binance Pool and all daily mining rewards are calculated and shared by Binance Pool. In addition, the mining capacity of CryptoUniverse is checked and verified independently from Binance and users can monitor the performance of their equipment and see what their daily earnings numbers are on the Binance Pool website via watcher links generated by Binance Pool.

Because the collective mining program offers users rewards based on the shared mining power, there is less risk than if they did it with either of the individual cloud mining programs alone. This release from CryptoUniverse comes amid mounting pressure in the industry to develop more sustainable mining models and will serve those in search of one well.

About CryptoUniverse:

CryptoUniverse is a cloud mining company based in Northern Russia. Since 2017, CryptoUniverse has been dedicated to delivering the highest quality cloud mining services available to its user base.

With a state-of-the-art mining facility and over 41,000 of the best miners, CryptoUniverse is able to provide comprehensive services to its users at low prices and has made transparency a priority by involving its users in every step of the cloud mining process.

Disclaimer: This is a paid post and should not be treated as news / advice.

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