Hong Kong -- (SBWIRE) -- 10/04/2013 -- Phoenix Technologies have just announced their cloud mining operation for bitcoins. The new mining center is based in Hong Kong New Territories and boasts a premier Tier III Data Center with a long standing history for traditional hosting deployments.
The facility is carrier-neutral, offering a greater level of connectivity designed to meet the demands of enterprise level mining. The center has established on site security, powerful network connectivity and power redundancies ensuring that mining operations can adhere to the web hosting standard of a 99.9% uptime guarantee.
Company Jin Li explained, “The network hash rate is still climbing quite rapidly and we have identified that this pattern will make timely delivery of increased hashing power to our customers even more important. To create a system that can offer a quick method of upgrade without being tied to traditional shipping should prove to be a welcome introduction for those miners wishing to stay at the pinnacle of mining productivity”.
The cloud mining concept has been made possible due to recently secured investment and is empowered by the release of their new 28nm NanoFlow™ ASIC chip Technology. All contracts for the mining cloud are for a 12 month period with customers having access to a mining dashboard with each new account. The dashboard also accommodates hashing power upgrades with an approval period of 24 hours.
This new addition to the bitcoin mining industry is a milestone for the company and the marketplace providing a hands-free way of mining for investors and people who are not so tech savvy but wish to leverage the profits available in bitcoin mining.
The first phase of the operation is open for pre-orders and has limited space. It is due to come online in mid-November. Phase 1 promises hashing power redundancy allowing fast upgrades due to the capacity to clock the chips from 80% to 100% to increase their performance. Once all chips are clocked, additional upgrades and new customers will have to wait for phase 2 which is expected to be rolled out in January 2014.
About Phoenix Technologies
Phoenix Technologies found at bitcoinminingcenter.com are a new company that design and produce ASIC powered bitcoin mining rigs. They are introducing a new line of hardware called the X series. They are striving to be one of the main competitors in the bitcoin mining industry. For further information about cloud mining, you can find Phoenix Technologies at: http://bitcoinminingcenter.com/cloud
For further questions or inquiries, you may contact Jian Lee at:
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