Hassan Maishera
KuMining, a cloud mining platform incubated by KuCoin Global Exchange, will be launching today at the TOKEN2049 crypto event in Singapore on October 1-2. The launch comes a fortnight after the product went live to the public, introducing the world to a new form of Bitcoin mining that is cost-effective, giving everyone a chance to share in BTC mining rewards.
The strategic decision to launch at TOKEN2049 Singapore gives KuMining the ideal venue and audience to highlight the platform’s capabilities and drive adoption of the platform. According to BC Wong, CEO of KuCoin, the launch of KuMining is part of the growing vision for the exchange to advance ‘crypto for good’, opening up the restrictive, industrial-dominated Bitcoin mining for all.
"At TOKEN2049, we reaffirm our commitment to building an inclusive Web3 by empowering individuals to participate in mining’s foundational role,” Wong added.
KuMining To Showcase at Crypto’s Premier Event
KuMining will make its official debut at TOKEN2049 Singapore, the world’s premier crypto conference. The product will be marketed to the attendees under the banner “Simple Mining, Smart Gains”, showcasing its mission of providing simple ways to mine and BTC rewards for everyone. During the event, the platform aims to market its product via this mantra.
KuMining will present its mission to democratize industrial-scale mining, offering transparent, cost-effective, and verifiable hashrate access for retail and institutional users alike. KuMining currently offers direct access to authentic, industrial-grade hashrate for Bitcoin (BTC) and Dogecoin (DOGE), with merged mining for Litecoin (LTC). The platform sources the hashrate from top-tier mining companies and distributes it to retail/institutional customers, reducing the centralization and the overall cost for the miners, which has become a challenge in the past decade.
KuMining aims to bridge the gap between the mining industry and the broader digital asset ecosystem, making it easier than ever to participate without the hassles of hardware ownership. TOKEN2049 provides the perfect stage for KuMining to demonstrate how mining can shift from an exclusive pursuit into an inclusive gateway for everyday users.
KuMining will be exhibiting at the event, offering attendees an opportunity to have direct contact with the team and to explore more about the cloud mining service. Additionally, the team will also be posting live highlights on their social media pages using the hashtags #TOKEN2049 and #KuMining.
"TOKEN2049 is the ideal venue to showcase KuMining’s vision of making mining accessible to everyone," said Jolie Du, COO of KuMining. "By returning hashrate to real users at fair costs, we enable a future where mining is no longer a privilege, but a shared opportunity."
A Massive Scaling Opportunity
According to reports, KuMining's global power resources range from 300 MW to 2 GW, to ensure instant activation and uninterrupted operations. During its activation, on September 16, the platform offered over 10 EH/s (equivalent to 10,000 PH/s or 10,000,000 TH/s) in real-time BTC hashrate and 200 TH/s for DOGE/LTC—capturing about 10% of the Dogecoin network. The hashrate was quickly sold out as retail and institutional investors continue to pile up demand for BTC mining services.
The company is already looking forward to scaling operations as it targets to become the world’s largest user-mining retail service and a benchmark for others offering cloud mining services. In the future, KuMining is planning to also include expanded multi-coin mining options, integration of green energy solutions, and deeper synergy with the KuCoin ecosystem to enhance liquidity and rewards.
