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BTC $44147.47 (5.31%)
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USDT $1.00 (-0.0%)
BCH $548.47 (6.92%)
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LTC $161.62 (7.41%)
BNB $382.34 (9.11%)
ADA $2.27 (12.9%)
DOGE $0.22 (11.2%)

GHPEX Announces the Launch of its BTC and ETH Hash Card

GHPEX Announces the Launch of its BTC and ETH Hash Card
  • GHPEX launches its BTC and ETH Hash Card.
  • The exchange is dedicated to the hashpower spot market, futures trading, etc.
  • It offers convenient short-term and long-term cloud mining plans.

Global Hashpower Exchange (GHPEX), a leading hashpower exchange, offers the first ever platform to trade hashpower futures. GHPEX is reportedly offering traders a number of options to choose from trading hashpower that delivers BTC or ETH with a monthly contract.

Of note, Hashpower or ‘hashing power’ is the power that your computer uses to run and solve different hashing algorithms. Wherein, these algorithms are used for generating new crypto and allowing transactions between them. Another term for this process is also ‘mining’.

According to GHPEX, they have gained a deep understanding of crypto mining and the crypto market over the past three years. Consequently, they established a global network of trustworthy mining and exchange partners for everyone. Thus, the team behind GHPEX further studied and developed cloud mining.

Global Hashpower Exchange CEO, Eno Chen stated,

“As part of our growth strategy, we are thrilled to announce the launch of our BTC and ETH Hash Cards mining plans. This new product marks the beginning of a new stage as we aim for GHPEX to become a trading platform that delivers an exceptional experience to our customers”.

The GHPEX Hash Cards is meant to make ‘mining crypto secure and accessible for all crypto-enthusiasts and common users’, Chen further added.

Understanding Cloud Mining

Over the years, the crypto market needed an innovative way of mining cryptocurrencies. Mining used to be a way of earning crypto passive income. Through this, miners were using their computing power (called “hashing power” in crypto terminology) to validate transactions on the blockchain.

However, the algorithms securing the blockchain are complex and require huge amounts of hashing power. Thus, mining digital assets like Bitcoin (BTC) needs special hardware called ‘mining rigs’. Besides being expensive and energy-consuming, configuring them is also complicated.

To resolve this, cloud mining was invented to empower everyone with the ability to profit from mining by turning it into a community-based experience. Hence, traders won’t need high initial investment and advanced technical knowledge. As GHPEX wanted to revolutionize crypto-trading by enabling people to easily purchase hashing power on an exchange, it introduces the GHPEX Hash Card.

GHPEX Hash Card: The Key to Cloud Mining

Based on GHPEX, it dedicates its product to become a customer-centric and intuitive trading platform. Not only for spot markets but also hash power futures and other game-changing crypto products. By opening up the spot market and futures trading for miners, GHPEX helps usher crypto into the mainstream commodities market.

GHPEX introduces Hash Card with the traders and miners in mind. For traders, it gives them the ability to increase their leverage to take short and long positions, earning higher returns. Meanwhile, miners get to mitigate risk by selling futures contracts at attractive prices.

GHPEX

Notably, the GHPEX Hash card is the easiest, most accessible, and most transparent way of investing in BTC and ETH hashing power. Thus, traders will not worry about price volatility and the changing profitability of crypto mining.

Apart from this, investing in hashpower with the Hash Card is very simple in 3 steps (Sign up, Choose, Buy). What traders have to do is just choose whether to purchase the hashing power of BTC or ETH. Also, whether a trader prefers to buy a 1-month or 2-year plan.

Clearly, there’s a lot of benefits that this product offers such as stables earnings, transparency, easy withdrawal, and security.  As cryptocurrency prices change constantly, it is not always profitable to buy BTC or ETH from the miners.

Conclusion

Cloud mining empowers millions of people with the opportunity to profit from mining crypto without a high initial investment and advanced technical knowledge. In order to avoid losing a huge amount of money because of volatility, the smart way to invest is by directly investing in hashing power to protect yourself from market volatility.

Global Hashpower Exchange is similar to the traditional crypto exchanges like Binance and Coinbase. The advantage of GHPEX is it gives you the ability to eliminate the middleman and allows you to go straight to the source. As a result, it increases your profit when buying cryptos by directly investing in the hashing power used to mine cryptos. It lets you buy hashing power on your own and avoid buying coins and token from the miners. With this, you traders get to share a part of the income that crypto miners make.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.