Mining is the new banking

In the current market conditions, when the popularity of BTC and other cryptocurrencies is inexorably growing, and the technological properties of the blockchain continue to change (we mean DeFi), it becomes clear that "transparency" will be the main trend of the coming decades. At the same time, financial products based on blockchain have already set, and this continues to this day, such a level of confidentiality, the discrepancy of which will inevitably lead to the loss of modern businesses of their liquidity.

We are witnessing a change in the classical banking sector and the transition of public finance to a new level of transparency. Deposits, loans, investments, insurance. All these institutions are changing right now and forever. DeFi projects like YFI, ATOM, SNTHX, Uniswap and COMP inspire our team to start changing the traditional world of finance with an eye on your own industry, the craft that you understand best.

BitMine refuses to ignore modern trends, which is why BitMine comes to DeFi!

How will DeFi affect the cloud mining industry?

One way or another, it had to happen. The opportunities that DeFi projects offer to their investors are amazing. Now we can confidently and absolutely safely trust our funds to smart contracts of various decentralized networks, but the transition to DeFi requires a comprehensive approach, especially in cases where the possibilities of decentralization are not obvious.

Cloud mining requires DeFi!

Our industry is full of scams, we are all used to it. We can't see fully centralized services like Amazon and Facebook, which endlessly lose our data, as "trusted", nor can we say that tomorrow they will not become objects of pressure, under which they will provide all the stored data to everyone who knows how to ask well.

Just like cloud mining.

Despite all the similarities, cloud mining still has much more trust problems than these services. Multiple closures and openings of cloud computing farms, and the loss of equipment and funds by customers are not a pleasant sight. Times are changing, technologies continue to develop, it's time to revive the industry that many have long put an end to, although initially it pursued good goals.

We need a trusted cloud computing service, one that can be trusted without any fear, in which you can participate, a service that is ready to become a fair alternative to fully centralized cloud companies.

We can easily imagine a world in which cloud computing services on ASIC miners do not lend themselves to criticism for unfair treatment of the client, a world in which everyone is free to make decisions, but is closely linked to the opinion of the majority. We believe that DeFi and similar alternatives to the use of blockchain will spread further, covering more and more areas. Sooner or later, it will come to cloud mining, so what are we waiting for?
In an industry where the biggest problem is the lack of trust, new solutions are needed and we will be happy to share with you our assumptions and discoveries.