Argo launches crypto-mining service for consumers
Argo, a UK-Canadian venture, has its sights set on transforming crypto-mining with the launch of a new service aimed at addressing demand from users looking to cash in on the mining of digital currencies but have been put-off by the associated complexities and up-front costs.
The company's solution is what it calls "mining-as-a-service", which enables users to commence crypto-mining for digital currencies within minutes of accessing Argo's website without the need to have significant computing expertise or acquire complex and expensive hardware.
Argo's co-founder Jonathan 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."
The London-based service, which will give users the choice to mine Bitcoin Gold, Ethereum, Ethereum Classic and Zcash, will be available to adults with a credit card for an introductory subscription fee of $25 per month.
Argo's launch has been timed with a flotation on the London Stock Exchange to raise new money for the business' growth.
Mike Edwards, Argo's other co-founder, 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."