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Home » news » Mining company HaoBTC has launched a hash rate-exchange

Mining company HaoBTC has launched a hash rate-exchange

HaoBTC

HaoBTC

Chinese mining company - HaoBTC has informed about the launch of Hash-Ex, a new Bitcoin-exchange, which offers utilizers the ability to acquire and sell hash rate - parts of Bitcoin mining network. The minimum possible purchase is one terahash; the services are available not only to residents of China, but also to foreign utilizers.

Pursuant to vice-president of HaoBTC Siun Yue, they've managed to sell 10 petahesh capacity, and the company is the sole owner of mining equipment and does not depend on any external points.

Siun Yue said to CNN that they had probably one of the best farms in the world. They worked in Sichuan and Xinjiang provinces; they had tens of thousands of Avalon A6, and utilize Antminer S7 and S9.

At first glance, HaoBTC proposed service is a typical contract for cloud mining, but the concern stresses that it has at its disposal dime electricity and does not charge for the applying and maintenance of equipment. More interesting is the proposed model itself.

Suin Yue explained that they did not offer margin trading or futures, it would be later. In contradistinction to other Chinese exchanges, OKcoin and Huobi, they utilized the maker / taker regime, took a commission for exchange operations.

Traditional exchange HaoBTC acts from April 2016 and supports the trade in a pair CNY / BTC. Per the company's website, the diurnal volume of transactions is 3000 BTC. The network power-mining of the pool is about 110 metahash (4.9% of net on bitcoinchain.com).

Besides trading in a pair CNY / BTC and Hash-Ex, HaoBTC offers offchain- wallet with multi signatures function and cold storage

The company was founded in 2014 and belongs to Beijing Inevitable Technologies Ltd. As stated on the website of HaoBTC, its founders are graduates of the best universities in China in the past had worked in Baidu, Microsoft, and others.

One of the most prominent founders of HaoBTC is Wu Gang; one time has actively supported Bitcoin Classic.

In December, in China, it plans to open a new mining farm with a capacity of 140 th. kWh. One of its founders is Bitmain Technologies.

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