LONDON--(BUSINESS WIRE)--Argo, a UK-Canadian venture, is set to transform crypto-mining with the launch today of a new low-cost, flexible and easy-to-use service for users.
The service is aimed at addressing pent-up demand from users who want to benefit from mining digital currencies but have been put-off by its complexity and significant up-front cost.
The company’s solution is mining-as-a-service (MaaS), which enables users to commence crypto-mining without the need to have significant computing expertise or acquire complex and expensive hardware and have the frustration of setting up their own systems. Users can start mining for digital currencies within minutes of accessing Argo’s website on a mobile phone or computer.
Using state-of-the-art computing hardware and mining software, the Argo platform also saves time and vastly improves user-experience.
Argo’s system was developed by a team of experienced technology experts including its co-founders Jonathan Bixby and Mike Edwards.
Mr Bixby said: “We have launched this service to take the pain and heartache out of participating in the biggest new technology breakthrough since the launch of the internet.”
Mr Edwards said: “Setting up a computer rig to mine cryptocurrency is challenging, inefficient and expensive. I knew that we had to change the game and democratise the process so that crypto-mining could become a mainstream consumer activity.”
The service is available to adults with a credit card for an introductory subscription fee as low as US$25 (£18) per month. Users have a choice to mine four digital currencies: Bitcoin Gold, Ethereum, Ethereum Classic and Zcash. Miners choose contracts on a monthly renewable basis.
Argo is headquartered in London, UK, with its initial data centre located in Quebec, Canada.
Argo is a mining-as-a-software (MaaS) service provider that makes it easy for anybody to mine Bitcoin Gold, Ethereum, and other alternative coins (altcoins) through the cloud. To get started, users access Argo’s website on a mobile device or personal computer, register with Argo, select a cryptocurrency and press go. By doing so, they are remotely connected to mining computers that do the mining for them. These machines are based in Argo’s datacentres in Canada. Mining through Argo avoids the need to acquire expensive hardware as well as incurring large electricity bills. Argo has sought to minimise its environmental impact by pooling more efficient resources and using green energy from hydropower. Users can also switch packages on a monthly renewable contract so they always have control over how much they spend and which currency they’re mining.