What Mining Machines Does Cloud Storage Coin Use (What is Cloud Storage Coin)?

What mining machines does Cloud Storage Coin use? The distribution of computing power needed to mine Bitcoin with Cloud Storage Coin varies greatly between different platforms. For example, in a well-known domestic company’s exchange, cloud computing is used to convert the price of Bitcoin to electricity prices. Another way is to distribute the shipping cost of the mining machines to other users for purchasing. So what exactly is this mining machine for Cloud Storage Coin? Let me briefly introduce it to you: Bitcoin mining mainly falls into three categories: “Ethereum,” “Tron,” and “Stellar.”

What is Cloud Storage Coin

What is Cloud Storage Coin? Cloud Storage Coin is a decentralized digital asset custody service jointly created by Odaily Planet Daily and 36kr. It provides users with secure and convenient services. The cloud storage system adopts a “point-to-pool” model, which supports one-click purchase of mainstream cryptocurrencies such as BTC, BCH, and ETH on exchanges and automatically calculates profits through smart contracts. At the same time, it can set minimum margin requirements based on trading volume and liquidity to achieve zero slippage and fast exchange, ensuring users’ fund security and privacy.

According to official introduction, the “point-to-pool” model is a decentralized Bitcoin collateral lending platform built on the Ethereum blockchain, supporting multiple tokens as collateral for loans. Currently, more than 1000 tokens have been included in this ecosystem.

For ordinary investors, participating in DeFi projects or mining requires certain investment costs or time commitments, while cloud storage is more suitable for the general public as it provides a better user experience. For example, users can transfer their idle assets into their chosen wallet addresses through the built-in wallet function and start earning interest.