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UAE telecom operator du has launched ‘Cloud Miner’, a cloud-based Bitcoin mining service designed to make cryptocurrency mining accessible to UAE residents without the need for specialised equipment or technical expertise.
The service, part of du’s new sub-brand du Tech, allows users to rent computational power from du’s data centres across the UAE through a subscription-based model. Bidding for contracts will take place on Online Auction from November 3 to 9.
du said the service simplifies cryptocurrency mining by removing barriers such as high electricity consumption and equipment maintenance. Subscribers can begin operations immediately after signing up and will have access to 250 TH/s capacity under 24-month contracts.
du Cloud Miner service to offer an entry point into cryptocurrency ecosystem
“With the launch of Cloud Miner, our cloud mining as a service, we aim to offer an easy entry point into the world of cryptocurrency whilst leveraging du’s reputation for reliability, transparency, and security,” said Jasim AlAwadi, chief ICT Officer at du.
The company said the offering is compliant with KYC and anti-money laundering regulations, using UAE Pass for identity verification and two-factor authentication for account security.
The initiative positions du as the first UAE telecom operator to introduce a coud mining as a Service platform. The company unveiled the service during a launch event at Dubai’s Burj Khalifa, featuring a laser show.
Read: UAE’s du sees net profit climb to Dhs2.18bn in 9-month results
