Key Notes

Telecom company du has launched a cloud miner in the UAE.

The contracts reportedly begin at 250 TH/s.

The first auction for these contracts runs from November 3 - 9.

The UAE-based telecom giant du has launched its “Cloud Miner,” a mining-as-a-service platform, which will take care of hardware, electricity, and maintenance for its customers.

According to a report by The National, du’s Cloud Miner allows UAE residents to subscribe to crypto-mining capacity instead of buying hardware. This lowers the barrier for everyday users to participate in crypto mining.

Per the report, the Cloud Miner subscribers will be offered multiple plans, starting at 250 terahashes per second (TH/s) of computing power. Contract owners will subsequently receive results in the form of mined Bitco

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