Bitcoin Updates: UAE's du Makes Bitcoin Mining Accessible Through Licensed Cloud Platform
- UAE telecom du launched Cloud Miner, the nation's first regulated Mining as a Service (MaaS) platform, enabling residents to mine Bitcoin without hardware or technical expertise. - The subscription-based service, operating via 24-month contracts and online auctions, leverages du's infrastructure while enforcing KYC/AML compliance through UAE Pass verification. - By eliminating high electricity costs and hardware management, Cloud Miner aligns with UAE's digital finance strategy to expand blockchain adopt
UAE telecommunications leader du has introduced Cloud Miner, the country’s inaugural regulated Mining as a Service (MaaS) platform, allowing residents to mine
Cloud Miner is available through a 24-month agreement, with entry-level plans offering 250 terahashes per second (TH/s) of computing power, as detailed by the Times of India. Customers pay clear, fixed rates, and their Bitcoin earnings are sent straight to their digital wallets. The platform removes the usual hurdles of traditional mining, such as equipment upkeep and energy expenses, Gulf News noted. From November 3 to 9, users can join an online auction to obtain a contract, according to
Jasim Al Awadi, du’s Chief Information and Communications Technology Officer, highlighted that the service is fully aligned with the UAE’s regulatory standards. “For people to trust mining, they need a trusted partner that follows all the rules and regulations of the country,” he said. The platform utilizes du’s established data centers and ICT resources to guarantee secure and reliable operations, according to
The debut of Cloud Miner also signals growing corporate interest in crypto mining within the UAE. Companies such as UAE Phoenix Group and Marathon Digital have already set up mining operations in the region, CryptoRank noted. However, du is the first telecom operator to enter this field, indicating a move toward broader acceptance. The platform’s adherence to local laws, including data privacy and financial regulation, enhances its attractiveness to cautious investors, Gulf News observed.
Those interested in Cloud Miner should consider aspects like potential returns, contract conditions, and security. Although the service lowers initial investment, factors such as fees and network fluctuations may affect earnings, the Times of India warned. Al Awadi explained that the two-year contract is intended to promote sustained engagement and stability. The platform’s openness and du’s established reputation help address common doubts about trust in cloud mining, Tech Africa News mentioned.
As the UAE strengthens its status as a crypto-friendly destination, du’s Cloud Miner highlights the nation’s dedication to digital finance innovation. By reducing entry barriers and maintaining regulatory standards, the platform may encourage wider involvement in the global blockchain sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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