Du becomes UAE’s first telecom to enter crypto mining
The post Du becomes UAE’s first telecom to enter crypto mining appeared com. du, one of UAE’s telecom and digital services provider, has launched its Cloud Miner service offering UAE residents the opportunity to mine crypto by renting computational power on a subscription basis using its existing data centers across the country. The cloud mining-as-a-service (MaaS) offering, called “Cloud Miner”, an ICT infrastructure, aims to pioneer sustainable crypto innovation. “Cloud Miner” is designed exclusively for UAE residents in line with du’s commitment to transparency, security, and regulatory compliance. Customers can bid through an online auction that will be hosted on the Online Auction website, starting from the 3rd to the 9th of November. As per du, the cloud-as-a-mining service will offer a cloud-based solution that simplifies traditional processes. Clients will be able to mine, benefit from potential Bitcoin rewards, and participate in the blockchain ecosystem without the burdens of hardware management, electricity costs, or maintenance concerns, and operations can commence immediately after subscription. Jasim AlAwadi, CICTO at du, noted that the telecom operator aims to offer an easy entry point into the world of cryptocurrency while leveraging du’s reputation, reliability, transparency, and security. He explained, “The service embodies our commitment to innovation, leveraging our robust data center skills & ICT infrastructure to secure a sustainable future for digital finance in the UAE.” The telecom operator distinguishes its Cloud Miner with competitive pricing and a transparent, no-hidden-fee contract available for 24 months, allowing clients to conveniently enjoy 250 TH/s capacity, where subscribers can access crypto mining through a straightforward web application. Furthermore, du ensures adherence to KYC/AML compliance for high-value transactions with the use of UAE Pass and by bolstering account security with two-factor authentication, demonstrating its commitment to providing a secure and trustworthy service. “The launch of Cloud Miner under sub-brand du Tech highlights du’s rich heritage in telecom. With du’s Cloud Miner,.
