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BitFuFu to Onboard Leading Cryptocurrency Wallet Cobo on their Crypto Mining Standardization Platform
Bitcoinist | Jan 11, 2021 | 18:15
HONG KONG, January 12th, 2020 – BitFuFu, the world’s first crypto mining standardization platform, is making preparations to give their users the ability to use the leading cryptocurrency wallet, Cobo wallet, onto their interface. The feature will be fully integrated onto the web service on January 12th, 2020.
Following their December 15th, 2020 launch, BitFuFu, the world’s first crypto mining standardization platform, has officially announced that their customers will be able to use their Cobo wallet to receive funds from using their service. Slated to be ready on January 12th, this allows for the direct transfer of earnings from BitFuFu into the users’ wallets as soon as purchased hashrate services take effect. These transfers will be free of withdrawal fees between the user’s account balance and their Cobo wallet address. To follow with this, on January 15th, BitFuFu will enable mining earnings to be transferred to the user’s designated wallet address by the mining pool. Prior to the new feature, BitFuFu customers received emails from the platform on a regular basis, informing them of the mining performance of their accounts.
According to BitFuFu, hashrate standardization is their answer to the need for transparent and reliable commodity trading in the market, which has not been made available by other providers before them. The standardization of hashrates in crypto mining refers to the process in which multiple models of the same series are intelligently proportioned into units with the same standard power consumption, otherwise known as the energy efficiency ratio (J/T).
BitFuFu uses their hashrate allocation center and matching algorithm to bundle the available mining machine models into a series of standardized hashrate products of 30 J/T, 40 J/T, 50 J/T, and others. The aim is to give more flexibility to a wide array of users who have different risk appetites, perspectives on the future market trends, and needs for liquidity in their portfolios. The significance of this is that users can select their packages according to the projected energy efficiency ratio, as opposed to comparing different mining machine brands and models. Aside from this, BitFuFu promises its customers guaranteed mining services through their easy-to-access online platform and ensures a proof-of-work (“POW”) of between 1% to 3% for the mined currencies.
BitFuFu plans to further bolster their array of cryptocurrency mining services through the addition of new features, such as launching a hashrates trading market on their platform during early February 2021.
About BitFuFu
BitFuFu is the world’s first platform to offer crypto mining services to users with standardized mining hashrates. The aim of BitFuFu is to provide users access to Bitcoin at a lower cost. By collaborating with F2Pool, its hashrate products have achieved the first-class service through one-click transactions, eliminating complicated steps, such as selecting proper mining and mining machines, maintenance of machines, and connection of mining pools. The BitFuFu Platform allows customers to access the world’s top miners, such as Bitmain, Shenma, and Yibang, and international mines in Russia, the United States, and China.
For more information, visit their official website: https://www.bitfufu.com/
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