Altonomy announced today that it has launched of AltMiner a new cloud mining service for larger scale investors.
AltMiner products have a minimum buy-in of $500,000 and each product is sold as a two-year contractual commitment. Payouts are issued to product owners daily in bitcoin and are proportional to the owner’s hashrate, as well as the hashrate of the entire Bitcoin Network.
“We’e delighted to launch AltMiner and provide larger investors with high-quality miner exposure at a lower relative cost than retail-focused alternatives,” said Ricky Li, co-founder of Altonomy. “As the crypto market moves from strength to strength, this product allows institutions to recoup bitcoin generated by the most advanced miner technology available, without requiring coverage for mining overheads such as setup fees, hosting costs and utility expenses.”
Altonomy is a trading desk and asset manager for cryptocurrency assets and derivatives.
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