Bitfinex launches mining contracts trading
Bitfinex has announced its launch of cloud mining contracts and their availability for trade, joining a host of other companies with such offerings.
Each contract will be for 100 THs and last for 3 months. Total mining pool capacity is roughly 3500 THs. Contracts will trade under the symbol TH1 against BTC.
Pool fees are 3%. All other costs (Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term, power and maintenance) are included in the contract purchase price. There is also the standard trading fee of 0.1% for market takers, who remove Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from the market with orders immediately executable. There is no fee for market makers adding liquidity to the market. The fees are the same as for other alternative products such as Litecoin and Darkcoin and are lower than for Bitcoin.
"Holders of record" are awarded "dividends" in accordance with mining profits. The value of the contract decreases toward zero as the expiry date approaches.
As with its other traded products, TH1 can be borrowed and sold short- a rare offering for mining contracts. Currently, the initial margin requirement is 25% but it may be lowered to 12.5% in the future.
The company notes that the offering is in live beta phase.
Bitfinex has announced its launch of cloud mining contracts and their availability for trade, joining a host of other companies with such offerings.
Each contract will be for 100 THs and last for 3 months. Total mining pool capacity is roughly 3500 THs. Contracts will trade under the symbol TH1 against BTC.
Pool fees are 3%. All other costs (Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term, power and maintenance) are included in the contract purchase price. There is also the standard trading fee of 0.1% for market takers, who remove Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from the market with orders immediately executable. There is no fee for market makers adding liquidity to the market. The fees are the same as for other alternative products such as Litecoin and Darkcoin and are lower than for Bitcoin.
"Holders of record" are awarded "dividends" in accordance with mining profits. The value of the contract decreases toward zero as the expiry date approaches.
As with its other traded products, TH1 can be borrowed and sold short- a rare offering for mining contracts. Currently, the initial margin requirement is 25% but it may be lowered to 12.5% in the future.
The company notes that the offering is in live beta phase.