KnCMiner offers mining contracts via KnC Cloud, 6 month contracts for $1.79/GHs

KnCMiner has launched KnC Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term, its hosted mining services. They are offering 6 month contracts with 1, 3 and 5 TH/s options. The pricing ranges from $1995 to $8995, which works out to $1.79-1.99/THs.

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KnC will be making use of excess miners from their "Plan B- Hash while you wait" offers, which were offered to customers in response to delays in their orders.

The company notes its Clear Sky mining farms in the polar region:

"Our farms are naturally cooled by the surrounding arctic air and exclusively powered by renewable energy. Our miners and workers enjoy a clear sky view as we keep our hangar doors open for natural circulation."

Throughout 2014, mining equipment manufacturers have moved more in the direction of marketing hosted cloud mining services. One of the more recent examples is GAWMiners, who have partnered with ZenMiner to launch such services. Per the explanation of KnC, such a business model can be advantageous in making the most of excess hardware and by streamlining workflows. Depending on the contract duration, it can also secure a recurring stream of revenue.