The demand for cloud mining is increasing. How so?

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2018-12-07 00:15:06

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The demand for cloud mining is increasing. How so?

Some of the miners does not stop the fall of cryptocurrency, they are still investing in production of digital assets. Recently, a British company, Argo Blockchain grew by 146 per cent increase in sales of own tariff plans for the cloud of mining. The surge in popularity of the service occurred in the last two months.

Due to this the company was able to implement their sales plans until January 2019. At the moment analysts predict Argo 6.2 million dollars in profits for the year 2018. We will remind, during the listing of its shares on the London stock exchange the figure was around 260 thousand dollars.

How profitable cloud mining

Co-Founder of Argo Mike Edwards bragged that the recent fall of the stock market did not affect the net profit of the company. In September, the company expanded its resources to take in seven times more customers. As expected, the demand for cloud mining greatly increased by the end of autumn.

The Demand for tariffs of the company continues to exceed supply, however, we look confidently to the future.

Chief analyst at Mirabaud Securities brokerage house Alan Howard sees no prerequisites to the decrease in revenues of Argo in the future.

In the long term the company has all the chances to create a global service cloud of mining. Now Argo is already enough sources of cheap electricity for 3-4 cents per one kilowatt to cover the queries more than 150 000 tariff plans from their date canadian cents.

image Source — Bitcoinist

The Drop in difficulty mining Bitcoin also plays a leadership Argo on hand. The firm can mine more crypto-currencies, thus financing more capacity for their customers. The latter, incidentally, are fully confident in the future of the company, because she is under the constant supervision of financial regulators. And they, in turn, will not allow a Scam.

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