Argo Blockchain is a cloud-based crypto mining company that operates on a subscription-based model. It bgan its business last year considering the increasing difficulty in the mining cryptocurrencies because of the involvement of ASICS and big mining players. The company’s operations are based in Canada’s Quebec province and also is to extend its base to Iceland and China.
Crypto mining enthusiasts can mine any of the 4 cryptocurrency options - Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash - provided by the company remotely on its mining rigs. This is a huge plus for the blockchain-built companies as this will be the first crypto organization to get listed on the London Stock Exchange.
Setting up a computer rig to mine cryptocurrency is challenging, inefficient and expensive. I knew that we had to change the game and democratize the process so that crypto-mining could become a mainstream consumer activity.
Argo is aimed to charge clients $25 or £18 a month for the mining activity. Nevertheless, it is not planning to establish a separate mining pool and will stick to the existing ones. Also, it will not support any digital tokens for its users and will limit one contract at a time for each customer.