Category: Press Release

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Crypto.com Cryptocurrency Tax Press Release

Crypto.com Expands Free Crypto Tax Reporting Service to the UK

Following the successful launches of Crypto.com Tax in Australia, Canada and the US earlier in August, Crypto.com has announced that this service is now also available in the UK, with more markets to come.

Crypto.com Tax makes it easy to file complicated crypto taxes in a matter of minutes and at no cost. This service is tailored to meet UK tax requirements and supports more than 20 of the largest wallets and exchanges, including the Crypto.com App and Exchange.

We’re excited to expand our free-to-use crypto tax reporting service to Australia. We have long been committed to offering the most compliant and easy-to-use crypto platform in the world. As part of that commitment, we are proud to offer all Australian crypto investors an easy solution to filing their taxes. More markets will be added soon.

Kris Marszalek, co-founder and CEO, Crypto.com

Crypto.com Tax enables users to quickly generate accurate and organised tax reports, including transaction history and records of capital gains and losses, as well as other crypto-related taxable and non-taxable transactions.

Crypto.com has worked with professional tax advisers to make sure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in the UK.

Try it now

Helpful Facts About UK Tax Rules
2020/21 Tax Year: April 2020 – April 2021
Paper Returns Deadline: October 31, 2021
Online Tax Returns Deadline: January 31, 2022
UK Tax Logic: Share Pooling

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card – the world’s largest crypto card program – the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

With over 2,600 people in offices across the Americas, Europe and Asia, Crypto.com is accelerating the world’s transition to cryptocurrency. Find out more at: https://crypto.com

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Coinjar Press Release

CoinJar Partners with English Premier League Club to Raise Fan Understanding of Crypto

Melbourne, 13th August, 2021: CoinJar, the Australian cryptocurrency exchange, is pleased to announce it has become a Platinum Partner of Brentford Football Club ahead of its debut season in the English Premier League, which kicks off against Arsenal this Friday. 

As Official Cryptocurrency Partner, the two-year agreement will see CoinJar feature prominently on LED signage across all 19 EPL home games at the new Brentford Community Stadium, broadcast live and on-demand via Optus Sport, as well as on the club’s media wall. 

Jon Varney, Brentford FC CEO, said: “The success of both CoinJar and Brentford is a result of rigorous data analysis, thinking differently and strategic planning. For many, cryptocurrency remains a complex area, so we look forward to working with CoinJar as part of the partnership to help educate our fan base as both parties continue their rise in our respective industries.”

Asher Tan, CEO of CoinJar, added: “As two teams built on data, insights and market fundamentals, we are jointly committed to supporting and championing innovation and growth and look forward to seeing what we can achieve together in the top division of English football.”

CoinJar CEO Asher Tan with Brentford FC strip

CoinJar is no stranger to the sporting world, having recently announced its partnership with AFL premiership contenders the Melbourne Demons, making it the first cryptocurrency company to sponsor an AFL club with both the men’s and women’s teams enjoying their best seasons in years. 

Through both partnerships, CoinJar has plans to educate fans about cryptocurrency. The new CoinJar Card Mastercard has just been unveiled in Australia and is soon to launch in the UK, with CoinJar focused on empowering people to embrace a digital currency future.

Established in 2013, CoinJar, which hails from Melbourne, is one of the longest-running digital currency exchanges in the world. Amid the continuing surge and popularity of cryptocurrency, CoinJar is the ultimate platform to buy, sell and spend Bitcoin. 

To find out more visit coinjar.com/au/

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Press Release Zipmex

Zipmex Announces Partnership with Visa in Asia Pacific

Zipmex announces partnership with Visa in Asia Pacific to bring the benefit of revolutionizing payments to business across its four markets.

With the direct partnership with Visa, Zipmex forges new connections between digital currencies and payment networks to create new innovative payment products.

SINGAPORE, August 6, 2021 — Zipmex, Southeast Asia’s leading digital asset platform announced a major strategic partnership to take advantage of the combined strength of Zipmex and Visa’s global payments platform and network. This will allow the company to revolutionise how people spend their digital assets across its markets. Already a regional leader in digital asset payments, Zipmex plans to launch an innovative new payment product later this year.

Extending the flexibility and convenience of Zipmex’s payment program, ZipSpend, customers will soon have the option to get access to the 70 million merchants in Visa’s global network as it seeks to bridge digital assets with traditional payment infrastructure. Visa, the world’s leader in digital payments recently announced that US$1 billion had been spent using its crypto-supported cards in the first half of 2021.

“Visa is the perfect partner for us as we move forward with our innovative payment products,” said Zipmex CEO Marcus Lim. “Visa has proven itself over the last 10 years to be at the forefront of payment innovation, a strategy which aligns very much with our own. We thank Visa for its support and look forward to a strong and lasting relationship.”

Zipmex is the only exchange that is live and operating in four jurisdictions in a legally compliant manner, and this is a path the company will continue to follow. Through its easy-to-use mobile apps and websites, users get access to a variety of financial services, including digital payments, an exchange, and interest-bearing accounts. To date, the platform has transacted over US$1 billion in gross transaction volume since its launch in late 2019. In January this year, the company secured $6 million in a funding round led by Jump Capital.

“The partnership between Zipmex and Visa represents a ground-breaking development for Southeast Asia which is backed by the integration of digital assets and blockchain infrastructure and the mainstream payment platform which will offer compelling opportunities to expand their use in payments and fintech applications,” added Mr. Lim. “We are glad to be the market-entry partner for Visa into markets like Thailand. Any payment product we release will have been approved by the respective regulatory bodies first. As we are in the unique position of launching the first product of this kind, we have been able to provide support and guidance to help regulators pass effective digital asset legislation. This has been one of the more fulfilling aspects of this project.”

Zipmex and Visa will work together to educate and enable Visa’s global network of global fintech

partners and marketplace partners looking to benefit from the power of digital assets for worldwide payments. The innovative new payment product, a Visa-branded payment card, will give cardholders the freedom to convert their digital assets to fiat currency to spend anywhere Visa is accepted, backed by the reliability, speed, and security of the Visa network. The new payment card will be available to anyone who has passed its KYC process, subject to local compliance and regulation. Further details will be announced later this year.

For more information, please visit zipmex.com.

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Giveaways Press Release Zipmex

Zipmex Has Launched in Australia and to Celebrate is Giving Away 3 Bitcoin!

Zipmex is on a mission to make crypto easy for Australians with a vision to become the most trusted cryptocurrency exchange in the Asia Pacific Region. With more than 3 billion USD in trades and 300,000 registered users across Singapore, Thailand, Indonesia and Australia, they are well on the way.

After phenomenal success across South East Asia, Zipmex has recently launched into Australia. To celebrate this launch they are giving away 3 Bitcoin. To enter, simply purchase $250 worth of any crypto currency through Zipmex to go into the draw. 

With two clicks on the phone, Aussies can install the Zipmex iOS and Google Play app and start trading digital currencies in the palm of their hand. Zipmex provides the comfort of knowing that the trading platform is AUSTRAC registered in Australia and that up to $100 Million of funds are insured by BitGo Digital Asset Insurance. 

Depositing and withdrawing funds in AUD through a Zipmex account is quick and incredibly easy. They have some of the lowest trading fees in the market at 0.2% with further discounts available if you hold Zipmex Token (ZMT). Zipmex Customers also have the ability to earn interest paid daily on their digital assets.

Security is core to Zipmex, they use the most advanced tech solutions to ensure the security of their trading platform and its users. This is possible because of the decades of tech and financial experience from the Zipmex team.

Zipmex Co-Founder and CEO Marcus Lim grew up in Australia and graduated from the University of New South Wales. He worked as an Australian Management Consultant for Deloitte before founding Oneflare.com.au. Oneflare was Australia’s fastest-growing marketplace connecting customers with local service providers which sold to Fairfax Group in 2015.

Marcus founded Zipmex three years ago and leads the Zipmex team from its Singapore HQ. With a senior management team of fellow Aussies, including Jonathan Low (Chief Operating Officer), Ken Tabuki (Chief Product Officer), James Tippet (Chief Technology Officer), and a dedicated Australian HQ in Sydney led by Nathan Halliday (Australian Country Manager) Zipmex is in a unique position to lead Australians to a prosperous crypto future.

There isn’t long left until the first Bitcoin is drawn on 30th of July so get in quick. For more details on this giveaway and the full terms and conditions please visit zipmex.com/au/

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Press Release

StormGain Levels the Crypto Mining Playing Field by Catering to Billions of Smartphone Users

The concept of cryptocurrency mining has a somewhat negative connotation to it these days. Many people see it as a waste of electricity as it requires dedicated and expensive hardware. But what if that was no longer the case, and anyone could mine cryptocurrency with their smartphone?

Equal Mining Opportunities for Everyone WithStormGain

In the current crypto mining landscape, there is an inequality waiting to be resolved. Suppose one does not have access to cheap/renewable electricity or the finances for upfront investments for mining hardware. In that case, it won’t be easy to play any meaningful role in this industry. This “skewed” nature of cryptocurrency mining is a problem that seems to grow bigger over time. The time has come to introduce a solution that makes crypto mining more accessible and appealing to the billions of smartphone users out there.

Cloud mining is quickly gaining traction in this industry segment. Not necessarily cloud mining in the way most people think, but rather by leveraging the power of smartphones. StormGain’s solution makes it easy and approachable to venture into cryptocurrency mining. There is no need to worry about logistics, hardware, electricity, or anything else. Instead, it is entirely mobile-based, which has the potential to empower billions of people.

One hurdle to overcome is the cloud mining industry’s lack of transparency and correctness. As a result, many providers claim to offer high yields yet cannot meet expectations. Through its mobile-based cloud mining solution, StormGain lets users mine crypto assets directly. By connecting to remote cloud servers, a risk-free and convenient mining solution remains unmatched by other providers on the market today.

Gaining access to StormGain’s solution is possible through a smartphone or desktop computer. The registration process is quick, easy, and without unnecessary bells and whistles. With potential earnings as high as 0.0318 BTC per day – equivalent to $1,275 – it is essential to make this process as straightforward as possible. Once an account is confirmed, users can mine Bitcoin right away. StormGain’s mining solution has no impact on the smartphone’s performance itself, creating a hassle-free experience.

For users to withdraw and exchange their crypto assets through StormGain, they must meet the $10 USDT profit threshold. It is not possible to withdraw earnings without trading first, yet one can move all profit generated via trading out of one’s account at any time without restrictions. There is no commission for trading and exchanging for all users. Moreover, the platform provides all standard and advanced instruments, including fiat-based purchasing of crypto assets.

None of this would be possible without strong partnerships. StormGain works with the Blockchain Association within the Financial Commission, football club S.S. Lazio, and many others. As a result, the trading product has surpassed a 30-day volume of $6 billion, courtesy of tens of thousands of global traders. StormGain is also the top interest rate provider for crypto traders by CoinMarketCap, further enhancing the project’s market position.

An intriguing aspect about Stormgain is how its mining rewards are calculated. By directly linking rewards to a user’s trading volume, an intriguing correlation is created. Those who trade more volume can earn better rewards from mining. Being active on the platform can significantly impact one’s profit potential, either as a trader, miner, or both. Increasing one’s trading volume and mining speed is relatively easy, as it is possible to trade with up to 200x leverage.

As an added feature, traders can make use of cryptocurrency trading signals. With profitability and probability signals, traders can make well-educated decisions on which signals to follow. Every trading signal has Stop Loss and Take Profit options and Increase and Auto-Increase options to enhance one’s market position if the trend is favorable. Users can also plan their trades through the native Telegram bot.

About StormGain

As part of its services, StormGain’s cloud mining service effectively removes all entry barriers to the mining market. Consequently, there’s no longer a need to invest in expensive mining chips that take up space, make noise, and consume electricity. Contract prices are inherently small, so on-going investments can translate to significant profits over the long term. Since the bitcoin mining service is readily available via the cloud, accessing it via desktop and mobile devices couldn’t be easier, with no hardware and time investments involved.

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Binance Press Release

Australian Artists, Sports Stars, Musicians Join ‘100 Creators’ Campaign of Binance NFT Marketplace

June, 2021 – Binance NFT Marketplace, the NFT platform of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced to support the NFTs of various creators from Australia, including James Newbury, Bianca Beers, Lil Bubble, Lushsux, Sekure D, Demas Rusli, Eddie Betts and John Aloisi, through the ‘100 Creators’ campaign.

The ‘100 Creators’ campaign aims to support and promote innovative creators from around the world and spotlight NFT collectibles from different cultural backgrounds. As an invite-only campaign, creators participating in the campaign will be the pioneers of the Binance NFT marketplace and will list their exclusive artworks on the first week of the Binance NFT Marketplace launch.

Through collaboration with the 8 Australian creators, Binance NFT can offer users with NFTs of different fields like sports, art, photography, etc. The creators will exhibit the collections that represent them the best.

“We are glad to work with celebrities and creators of Australia through the ‘100 Creators’ campaign and hope to introduce and promote the innovative collectibles around the world. We believe these 8 creators will provide eye candy to Binance NFT Marketplace users,” Helen Hai, the Head of Binance NFT, commented.

James Newbury, one of Australia’s elite CrossFit athletes, displays NFT card collectables by digital artist ALLCAPS to portray a commitment to dream, which will include features of hard work, consistency and a never say die attitude to achieve a goal in the athletic space. Australian football players, Eddie Betts and John Aloisi, will feature famous sporting moments.

Designer and Artist Bianca Beers will exhibit 10 artworks, each embodying a different theme. Lil Bubble, a Musician and Artist who produces crypto meme music videos, presents new music alongside pixel animations. The “notorious” Australian street artist, Lushsux, exhibits meme painting with edgy imagery. Sekure D, a sneaker artist, teased that the collections will be part of a series of characters that are called ‘RoboGhosts’. There will also be disruptive artworks that may question the boundaries of photography and animation from Demas Rusli, a photographer and designer.

Lil Bubble, a parody musician with the crypto anthems “All Time Lows” and “When Moon?”, said “I’m super keen to release these NFTs as an extension of the Lil Bubble catalogue on Binance NFT.”

Launching June 24th, Binance NFT prioritizes optimal user experience, minimal fees, high liquidity and high-value NFTs. Binance NFT Marketplace will share the same account system as Binance.com. Existing Binance users will be able to access the NFT marketplace and trade with their current Binance accounts. New users will simply have to register on Binance.com to create or trade NFTs on the Binance NFT platform.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

For more information, visit: https://www.binance.com

Trade on the go with Binance’s mobile crypto trading app. Download for Android or iOS.

About Binance NFT Marketplace

Binance NFT Marketplace offers an open market for artists, creators, crypto enthusiasts, NFT collectors, for creative fans around the world with the best liquidity and minimal fees. Consisting of two parts, premium events and marketplace, Binance NFT features valuable collectables and an easily accessible trading market for all of its users.

For more information, visit https://nft.binance.com/

For creators and artists’ collaboration; contact email [email protected]

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Blockchain Press Release Recruitment

Bigturn Brings Blockchain to Australia’s International Recruitment & Migration Industry

With over 13 years of experience in the international recruitment/migration industry, BigTurn HR has been filling critical skills shortages in regional locations in Australia. Through sourcing skilled migrant workers from across the globe, they help skilled workers fulfil their goals for working and living in Australia,and help sponsor businesses find the best suited employees.

BigTurn HR is taking the steps to introduce visa streamlining to the digital world. Bigturn plans to develop a blockchain technology for migration services used to verify document authenticity and create a secure system for storage. This system will ensure safe and secure handling of documents and ensures protection from any mishandling or malpractice. This system will also provide streamlining of tailored visa advice, which will be delivered via A.I to provide detailed and prompt information regarding visa choice and timelines. The A.I system will also ensure the migration advice is legitimate, transparent, and follows all rules and regulations.

Furthermore, this platform will include the use of smart contracts, which will be utilized to help protect migrants from fraud or malpractice. The system will also answer accreditation issues of documents such as qualifications. The blockchain platform will provide an online currency system which eliminates the problems that arise from international exchange rates. People from all over the world will be able to pay via an app on their phone. With this currency system, there will be no need to experience the arduous process of transferring money.

Bigturn’s innovative technology will surely shake up the international recruitment and migration industry. By ensuring security, safety, and protection by the blockchain technology, Bigturn will leave you asking – why has this not existed before?

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Coinjar Crypto Exchange Crypto News Press Release

CoinJar Exchange launches 0% fees on all “taker” trades

CoinJar is pleased to announce that they’re now offering zero-fee taker trades through their CoinJar Exchange platform – becoming one of the first cryptocurrency exchanges in the world to offer zero fees for crypto-fiat trading.

“From the moment CoinJar was founded in 2013, our mission has been clear: to make crypto as simple and accessible as possible,” says CoinJar CEO Asher Tan. “Trading with 0% fees is simply the next step in this journey.”

Drawing on the runaway success of zero-fee trading companies like RobinHood and 212 Trading, CoinJar Exchange offers 0% fees on all taker trades – an order to buy or sell an asset at the current market price – including crypto–fiat pairs like BTC/AUD and ETH/GBP.

Traders who create maker orders – orders to buy or sell below or above the current price – will still only pay fees as low as 0.04%.

“While other fee-free trading platforms make their users pay by offering wide spreads or high deposit or withdrawal fees, CoinJar is still offering the same fair prices, lightning fast execution and free deposits and withdrawals we always have,” says Tan.

Together with the recently launched CoinJar Instant Buy, which allows customers to buy crypto using a credit or debit card with only a 2% fee, Tan says it shows CoinJar’s dedication to improving the crypto experience for the everyday user.

“As believers in the long-term future and importance of cryptocurrency, we think it’s vital to try and remove the barriers to its use and adoption. By offering fee-free trading, we’re hoping to make it easier than ever for people to join the crypto community.”

About CoinJar Exchange

CoinJar Exchange is an advanced trading platform designed for CoinJar users who want greater control over buying and selling cryptocurrency. This includes the ability to set order prices, as well as a Trading API to manage your accounts, orders and trades.

If you want to learn more about CoinJar Exchange, you can read our dedicated Knowledge Base article, explore the CoinJar Exchange Support articles or take your first steps towards using CoinJar Exchange.

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Australia Coinjar Press Release

CoinJar Announces Partnership with the AFL’s Melbourne Demons

MEDIA RELEASE: Melbourne, 19 May 2021: CoinJar, Australia’s longest running cryptocurrency exchange, today announced its partnership with the Melbourne Football Club, making it the first crypto company to sponsor an AFL club for both its men’s and women’s teams.

CoinJar’s CMO Dominic Gluchowski and Melbourne Demon Mascots

The Melbourne-founded platform, which has over half a million customers in Australia, says it wanted a partner that could match crypto for excitement and momentum.

“CoinJar is thrilled to be joining forces with a champion club that shares our passion, professionalism and innovation mindset – as well as a proud and very vocal fanbase,” says Asher Tan, CEO of CoinJar.

Tan says the partnership is a long term play, which will be supercharged by short term tactical marketing activities. “At a time of increased credibility, proven strength and swelling of interest in cryptocurrency, we are focussed on building an iconic brand which will stand the test of time – much like the Melbourne Football Club.”

Melbourne Demos Coach Simon Goodwin with CoinJar’s CMO Dominic Gluchowski

CoinJar makes buying and selling cryptocurrency like Bitcoin and Ethereum simple, a key message that will be communicated to fans and spectators via content partnerships, player engagements, stadium branding and exclusive offers for Melbourne Football Club members. CoinJar is also the club’s List Management partner which will see the logo across all club recruiters and list management kit.

With cryptocurrency in the middle of a record-breaking run – up 300% since the beginning of the year –  this partnership firmly shines the spotlight on a growing industry and a team on the rise. “Both our teams are having breakout years, so the decision was an easy one,” says Tan.

Melbourne CEO Gary Pert agrees. “CoinJar is operating and excelling at the absolute cutting-edge of digital technology and we’re tremendously excited to welcome them to the Melbourne Football Club family.”

“As organisations we share a strong passion and commitment to innovation, and we look forward to seeing what we can achieve together.”

“Like the Demons, cryptocurrency has been written off for years,” says Tan. “But now it’s going mainstream and becoming impossible to ignore.”

Research suggests that almost 1-in-5 Australians already own crypto, and that number is growing by the day. “By the end of the year, we’re hoping that’s 1-in-2,” says Tan.

“CoinJar’s mission has always been to make it as easy as possible for everyday Australians to invest in the cryptocurrency future. By partnering with a legendary club like the Demons, we’re hoping to take the next step on our journey to becoming as widely known and proudly Australian as the AFL.”

About CoinJar

CoinJar is the simplest way to buy and sell cryptocurrency in Australia. Founded in 2013, our mission is to create best-in-class financial apps and products that make digital currencies such as Bitcoin and Ethereum accessible to everyone.

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Bitcoin Bitcoin Mining Press Release

StormGain Makes Mining Hardware Obsolete – Crypto Mining Now Available on All Smartphones

For many years, cryptocurrency mining has only been reserved to a select few – those people with enough time and capital willing to invest resources into setting up their own mining rigs. However, cloud mining has been quickly gaining speed, and StormGain’s solution removes the technical barriers from the equation in hopes of creating a more even playing field.

Since miners need to keep several factors in mind, including electricity costs, upkeep and maintenance, and the overall investment return, mining has become less lucrative for the smaller players. StormGain wants to change this narrative, and give everyone the chance to participate in the verification of cryptocurrency transactions, earning a nice income whilst doing so.

Cloud mining is a prevalent trend in the cryptocurrency industry today. However, many providers claim to offer significant yields and fail to deliver on those promises. StormGain is a different breed, as it provides a mobile-based cloud mining solution. Every user can mine cryptocurrency directly from their mobile phone without dealing with the hardware side of things. Mobile app users connect directly to remote cloud servers, allowing StormGain to provide a risk-free and convenient mining solution, incomparable to those offered by other cloud mining service providers.

The first step is to register at StormGain platform using smartphone – or desktop computer for those who prefer that option. StormGain purposely opts for a pain-free registration process to get as many people acquainted with cloud mining as possible. The registration process also involves a lucrative bonus of $5 USDT, delivered directly to users’ mining accounts. The process is simple – upon registering, use the promo code MINER to receive the bonus. After confirming the account, users can begin mining Bitcoin right away by connecting to the cloud mining server, with no impact whatsoever on the smartphone’s performance.

After meeting the minimal $10 USDT profit threshold, users are free to trade and exchange their crypto assets with StormGain. Withdrawal of mined currency is not possible without going through the trading process first, but all profit generated via trading can be transferred out of one’s account at any given time – a fair trade-off.

The trading and exchanging via StormGain is available at 0% commission, with users benefiting from all standard and advanced instruments at their disposal. The service also introduces fiat-based cryptocurrency purchasing for those who want to expand their crypto portfolio quickly and effortlessly.

StromGain has contracted incredible partnerships since its inception, making it the 1# interest rate provider for crypto traders by CoinMarketCap, a member of the well-known Blockchain Association within the Financial Commission, but also a S.S. Lazio official trading partner, and the market’s best cryptocurrency trading & exchange platform, according to The European. To date, StormGain’s trading product notes a 30-day volume of over $6 billion, generated by tens of thousands of traders worldwide.

What sets StormGain apart from other cloud mining providers is how mining rewards are proportional to trading volume. Users with a higher trading volume will earn a higher daily mining income. Mining with StormGain over more extended periods can have a significant impact on one’s profit potential, showcasing huge capital inflows for the most active miners and traders. 

Cloud mining rewards are distributed every 30-40 minutes. Then, users are free to withdraw the funds to their trading accounts, within less than 72 hours. For newcomers, the first mined Bitcoin rewards will become accessible within 4 hours, a feat that is available nowhere else within the cloud mining industry.

About StormGain

As part of its services, StormGain’s cloud mining service effectively removes all entry barriers to the mining market. Consequently, there’s no longer a need to invest in expensive mining chips that take up space, make noise, and consume electricity. Contract prices are inherently small so on-going investments can translate to significant profits over the long term. Since the bitcoin mining service is readily available via the cloud, accessing it via desktop and mobile devices couldn’t be easier, with no hardware and time investments involved.