Over 2 Million USD Invested into HashByte Cloud Mining in 2 Months

HashByte, a cloud-mining service running purely off of renewable energy launched earlier this year, bringing with it wave of change to what has become a struggling industry.

Perth, Australia - July 12, 2018 —

Since launch, HashByte has seen a huge growth in both investors and resources, growing by the day an estimated $75,000 (in contract purchases) and have achieved a total contract investment of over $2,000,000 USD, divided among Bitcoin, Litecoin, Ethereum and Monero. With figures so staggering, HashByte is quickly becoming one of the fastest growing cloud-mining services to date and is creating an ever-increasing workforce, with an estimated 50+ employees. Alongside this success, HashBytes mission for change has already had impacts globally.

What is HashByte?
HashByte is a renewable energy backed cloud-mining service that is fighting to keep crypto-mining clean and ethical. For them, that means leaving no carbon footprint. Cryptocurrency mining can be very expensive and with most electricity being derived from fossil fuels with toxic emissions, HashByte is making it their mission to mine entirely with green energy. Backed by an European renewable energy firm, HashByte utilise leased windmill-farms and SunPower panels allowing them to offer mining contracts worldwide with ZERO electricity costs, cutting down ROI (return of investment) times drastically for investors.

In a past interview, HashBytes Head of Engineering stated that HashBytes main intentions may be to offer the lowest prices on their mining contracts but also to bring change to an industry that is becoming detrimental on the planet. And so far, from what we can see, that has been a success with big-time actor William Shatner vowing to also tackle fossil fuel emissions by running his mining farm purely from renewable energy, just two weeks after HashByte gained worldwide media attention.

How Can They Maintain Such Low Prices and Zero Fees

In an interview with Patrick Corsino, a well-known YouTuber, HashByte was asked how they maintain such a high daily return as well as such low prices and they replied with quite a lot of detail:

James Edwin – Chief Operating Officer at HashByte

“That is how we hope it’ll stay. That amount will go up and down, but at the beginning of each week (unless of course something drastic happens), we fix the payout per GH, which we feel is a pretty big incentive for those that stick with us. Don’t be expecting huge changes like you might have seen with other companies, the amount only adjusts a very small fraction, but it can make a few dollars/cents difference. All of our miners are running, whether they have been bought or not and as we sell contracts across the board we also then buy through bulk contracts with companies more miners (that also run). Because we are running green, we don’t really need to worry about anything besides the cost of keeping them running. Before we launched, we had the miners going for months non-stop, that set us up with a pretty decent pool to protect us if one week the miners suddenly were to stop working, Bitcoin crashes, or anything. Think of it sort of as a protective barrier from bad stuff happening”.

Alongside this, HashByte did mention that by offering contracts with zero fees did ensue additional risks, but hopes that through their current structure (which has shown to be successful) they can stay afloat without needing to adjust.

How Do I Get Started

With Bitcoin mining contracts starting at $0.50 for 10GHs it is no surprise that HashByte has become wildly popular. To start investing in cloud mining with HashByte, first navigate to their website. From there, users can create an account and deposit the currency of their choice into the available contracts. The users newly leased miners will instantly fire up and they start earning straight away. HashByte pays out daily to all of its investors, sending payouts directly into their HashByte account to either be reinvested or withdrawn upon reaching the minimum threshold.

Visit the Website: https://hashbyte.io
Follow on Twitter: https://twitter.com/Hashbyte_mining
Join the discussion on Telegram: https://t.me/hashbytemining

Media Contact
Contact Name: James Edwin
Company Email: james@hashbyte.io
Location: Perth, Australia

HashByte is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact Info:
Name: James Edwin
Email: james@hashbyte.io
Organization: HashByte

For more information, please visit https://hashbyte.io/

Release ID: 376680

More News From Daily World Web

China files WTO challenge to US $200B tariff plan

Jul 18, 2018

BEIJING — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute. The Trump administration has criticized the WTO as unable to deal with the problems posed by China, suggesting a challenge there might have little impact in Washington. But it might help Beijing rally support from governments that criticized Trump for going outside the WTO to impose tariffs on Chinese and other imports. The move is unusually swift, coming less than one week after the U.S. Trade Representative...

EU official urges Trump, Putin not to destroy global order

Jul 18, 2018

BEIJING — A senior European official on Monday urged U.S. President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. Speaking before Trump and Putin were due to meet in Helsinki, European Council President Donald Tusk appealed for leaders to avoid wrecking a political and economic order that nurtured a peaceful Europe and developing China. Tusk spoke at a news conference with China's No. 2 leader, Premier Li Keqiang, following an annual EU-Chinese economic summit also attended by the president of the European Commission, Jean-Claude Juncker. They met...

China's economic growth cools amid trade tensions

Jul 18, 2018

BEIJING — China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing as its tariff battle with Washington escalates. The world's second-largest economy expanded by 6.7 percent over a year earlier, down from the previous quarter's 6.8 percent, the government reported Monday. Key drivers of growth including spending on construction and other investments were weakening even before the dispute with Washington erupted. Forecasters have expected a slowdown since Beijing tightened lending controls last year to rein in surging debt. Growth was "generally stable" but "the uncertainties of the external environment are mounting," said Mao Shengyong,...

The Latest: Death toll leaps to 128 in Pakistan bombing

Jul 18, 2018

LAHORE, Pakistan — The Latest on Pakistan's upcoming national elections and the return of Nawaz Sharif (all times local): 12:55 a.m. A Pakistani government official says the death toll from a suicide bombing at an election rally in the country's southwest has risen to 128. Provincial caretaker Home Minister Agha Umar Bungalzai says about 300 people were also wounded Friday when the bomber targeted a rally for candidate Siraj Raisani, who was running for a seat in the provincial legislature. The attack took place in Mastung, a town in the southwestern Baluchistan province. The attack was the deadliest yet ahead...

China's June trade with North Korea falls by more than half

Jul 18, 2018

BEIJING — China's imports from North Korea plunged 92.6 percent in June compared with a year earlier under U.N. sanctions imposed to stop Pyongyang's nuclear and missile programs, the customs agency said Friday. Exports of Chinese oil and other goods to the North fell 40.6 percent, a customs agency spokesman, Huang Songping, said at a news conference. He gave no financial totals. The trade curbs have remained in place despite diplomatic contacts including U.S. President Donald Trump's June meeting with North Korean leader Kim Jong Un. American Secretary of State Mike Pompeo, who visited Pyongyang this month, said sanctions wouldn't...

About Us

Daily World Web took the initiative to utilize the development in cloud and AI technology to create a free, instantaneous and borderless flow of news, the way it should be.

Contact us: sales[at]dailyworldweb.com

Subscribe Now!