Siton Mining Launches Multi-Currency Cloud Mining Service
Siton Mining has launched a multi-currency cloud mining service that allows traders to invest in Bitcoin mining, as well as Ethereum, XRP, Dogecoin and USDT mining contracts. Available worldwide via a mobile app, the platform offers daily returns, security protections from McAfee and Cloudflare, and signup bonuses. Investors can start with contracts as low as $10, choose durations from one day to long-term plans, and monitor earnings 24/7 across 200 data centers. Daily payouts are credited automatically, with withdrawals unlocked at a $100 balance. Founded in 2016 and headquartered in Benfleet, UK, Siton Mining operates over 100 mining farms and serves more than 9 million users in 180 countries. This cloud mining solution aims to turn idle crypto assets into daily cash flow, catering to both crypto newcomers and experienced traders.
Neutral
The launch of a new cloud mining service is unlikely to trigger significant price swings in major cryptocurrencies. While the offering may boost demand for mining contracts and increase user engagement, historical launches of similar services (e.g., Genesis Mining, Hashflare) had limited effect on market prices. In the short term, trader interest in cloud mining could support crypto trading volumes, but daily payouts may lead to periodic selling pressure. Over the long term, easier access to mining could slightly improve network security for Bitcoin and other assets, but it won’t fundamentally alter supply dynamics. Overall, the market impact is expected to be neutral.