Introduction
BitFuFu, a key name in crypto mining, has launched a new Bitcoin mining pool. The pool, called BitFuFu Pool, offers low fees for Bitcoin mining starting at 0.4%. It aims to help both small and large miners save costs when mining Bitcoin. The company wants to meet the needs of many miners, from individuals to big firms.
A Bold Move BitFuFu’s New Pool
BitFuFu has put all its mining power into this pool. As a result, this step makes the pool stronger and more competitive. Moreover, it brings all of BitFuFu’s resources together for better results. Additionally, the pool is part of BitFuFu’s app. Users of its cloud mining products can use the pool with ease. This move, in turn, makes mining simple and quick for all its users.
Serving Big Clients
BitFuFu has plans for big clients too. It gives special services to large miners. These include sales advice, tools to check mining stats, and repair help. The company also plans to add new tools to make mining work better. This pool launch comes at a time when many miners are looking for better and faster services.
Mining Success and Results
In November 2024, BitFuFu mined 84 Bitcoin. It used a total power of 2.4 EH/s. Right now, the company holds 1,664 Bitcoin. It uses a smart plan. It mines Bitcoin to keep for itself and sells cloud mining services for income. The launch of the pool comes as Bitcoin prices jump up and down. Recently, Bitcoin went over $100,000 but dropped 4.81% to $98,106. This change caused $649 million in liquidations. Bitcoin made up $216.95 million of this amount.
Expanding to Ethiopia
BitFuFu is also growing its business by buying a stake in an Ethiopian mining site. This site has a power capacity of 80 megawatts. Power prices in Ethiopia are low, at less than $0.04 per kilowatt-hour. This is much cheaper than in other places, where costs range from $0.05 to $0.08. This step will help cut costs as power prices go up worldwide. BitFuFu is staying ahead with smart and cost-saving moves.
Strong Growth for BitFuFu
BitFuFu is also seeing good financial results. For example, in the first quarter of 2024, the company grew its income by 149%. It is using smart plans to adapt to a fast-changing market. With a strong pool, better tools, and new markets, BitFuFu is, therefore, ready to grow. Its focus on cutting costs and improving mining is a clear sign of its future success.
