Posted September 19, 2018 05:17:40 Amazon.co.uk has said it will start selling mining hardware from cryptocurrency mining firms to miners in the US, with a price of up to $10 to $20 per month.
The move follows a decision by Coinbase, the popular Bitcoin exchange, to make Bitcoin mining hardware available to miners through its new service Coinbase Cloud.
The service offers mining equipment at a discounted price, with an estimated monthly cost of $100, according to a post on Amazon.
It comes after Coinbase announced that it was buying mining hardware company BlockCypher from the Bitcoin Foundation.
The Bitcoin Foundation had bought the company for $15 million.
Amazon.com and Coinbase have said they plan to offer mining equipment to miners and provide cloud mining services through the service.
Amazon has already started selling mining equipment, but it is still in its pre-launch stage.
The announcement comes after a flurry of news about cryptocurrency mining, which has raised questions about the safety of mining equipment.
Bitcoin has been on a tear, and has more than doubled in value since the end of 2016, with the total market capitalisation reaching more than $150 billion, according a CoinDesk report earlier this month.
The cryptocurrency mining market is valued at $15 billion, with bitcoin mining companies being the largest players.
The mining industry is often described as the “gold rush” and is largely unregulated.
It has been estimated that the average miner uses around 1.4 bitcoins per day, which is about $5.50 per day.
However, it is estimated that less than 1 percent of all miners use more than one bitcoin per day or more than 50 percent of mining machines use only one bitcoin.
Coinbase Cloud, which allows Bitcoin mining, was announced by the Bitcoin company on August 31.