All markets are cyclical, and the cryptocurrency markets are no different. At the height of the crypto bubble in 2017, everyone wanted to get into Bitcoin. People scrambled to buy the asset and altcoins on exchanges like CoinEx, while others took the mining approach by contributing to the underlying blockchain network.

But as the bullish cycle ended, crypto mining became less profitable, and services like cloud mining disappeared. However, mining digital assets have become profitable once again, now that these assets are reaching the valuations that they attained at the dizzying heights of the 2017 rally.

The lucrative opportunity has caused a return of demand for cloud crypto mining services, and the mining pool ViaBTC has relaunched a new and improved version of its popular cloud mining services.

ViaBTC, the well-known Bitcoin mining pool, and crypto mining services and products provider, has brought back its cloud mining contracts for Bitcoin and Ethereum. 

The new contracts featured top-of-the-line machinery capable of a consistent and strong hash rate. As much as 17PH/s is offered for BTC, while ETH contracts are pegged at 44GH/s.

Customers can sign up for various length terms and pay with a variety of crypto assets, including USDT, BTC, BCH, ETH, or LTC. Cloud mining services and rates are ideal for individuals or enthusiasts who are looking to get into cryptocurrency mining. 

It’s a smart way out of investing substantial funds on high-end equipment and a proper setup. Cloud mining contracts that leverage ViaBTC’s hash power provide the best possible ROI.

And as institutions begin to grow their sizeable operations, good quality mining equipment is becoming harder to come by. The solution, Eddie Jiang, Partner and COO of ViaBTC says, is their cloud mining services.

“By launching the cloud mining service, we have lowered the mining threshold,” said Eddie Jiang, Partner, and COO of ViaBTC. “Though there are more institutional players entering this industry to set up large mining farms, individual miners can still participate and benefit from purchasing cloud mining contracts.”

Crypto mining for individuals is becoming even more expensive to begin because of the high yields. This has also made it more attractive for larger players who are now coming into space in droves. By leveraging ViaBTC contracts instead of buying costly equipment, not only is the ROI better overall, but it is a far less risky situation.

For example, consider a scenario where the mining equipment you spent a fortune on, suddenly breaks down or overheats. You’re stuck without any income to make up for the money you put down, and you could end up stuck with a dud of a rig. 

ViaBTC can rescue you out of situations like these as they take on the risk of broken equipment and get you back on track immediately without any hiccups. Essentially, it’s like paying for an entire mining workforce at your disposal, for just a fraction of the cost.

To learn more about ViaBTC’s newly launched cloud mining services, visit www.viabtc.com/cloudmining/products.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

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