Home » Guide to choosing the best hosting for miners
The process of cryptocurrency mining is quite resource-intensive and labor-intensive. Even professionals sometimes face certain difficulties and need prompt solutions to it. Many of them resort to the help of bitcoin mining hosting services and colocations to simplify this process and make their business more clear and structured.
Hosting is a truly one-stop solution for miners and is becoming more and more popular nowadays. This is also due to the fact that many investors join this field and invest huge sums in cryptocurrencies and their mining, trying to maximize their profits and increase investments. Hosting companies are great at this.
We decided to develop our own guide to choosing the best hosting for miners and to describe all the advantages of this choice.
The Meaning of Bitcoin Miner Hosting and Its Benefits
To begin with, it is worth understanding what types of hosted crypto mining providers exist and what these spaces are like in general. It is not as difficult as it seems at first glance. In simple terms, hostings are specially created spaces that are provided with all the necessary elements for comfortable, fast and uninterrupted cryptocurrency mining. There are several examples of where and how hosts can be located.
The first variation is the location of hosting in transport containers or building containers. The predominant feature of this type of space is its mobility and ability to move. Electricity in this case can come both from the network and be completely autonomous.
The second hosting option is more stable and static. These can be various pavilions, huge technical premises of former factories, industries and manufacturers. Such “unnecessary” spaces are great for organizing colocations in them and they are quite easy to equip with everything needed: electricity, shelving and other important things. This format will be difficult to serve with wireless power sources, so this implies the need to connect to the power grid.
Another option for space is purpose-built mines, which are initially conceived as hosting. This entails huge investments, since it costs a lot of money to build even a small room from scratch, not even talking about such a colossal scale. However, this path is usually chosen by large investors and huge corporations who are ready for financial costs and usually they expect the greatest results.
What Colocation is and Why You May Need It
What are the benefits of сolocations and why does it cause such a wide stir among cryptocurrency fans? Let’s analyze together and find out why you may need this solution.
Of course, we will talk about the convenience and comfortable organization of the process in the first place. Many entrepreneurs are ready to delegate part of the tasks to other people paying them money, in exchange for calmness and relaxation. And this is partly correct, since by trusting the work to professionals, you also guarantee yourself the quality of the result. Not always saving money and trying to do everything on your own, you achieve the same profit as if you agreed to share the efforts with other partners. In this case, colocations suit you well: fully organized premises, equipment and ready-made resources really justify their price and these investments.
Another important point is safety. When you use the best mining hosting service, you also delegate risks. You no longer have to worry about equipment overheating, problems with the power grid or any other issues – it’s all done for you. Often these premises are also well guarded and the safety of equipment is as high as possible.
Another point that is important to remember. Since cryptocurrency mining requires the highest electricity costs, it is not always even physically possible to organize such a process at home. Large colocations have special partnership agreements with energy companies and negotiate special prices. The most progressive companies are switching to more profitable energy solutions. For example, minery.io bitcoin mining hosting already established a key partnership with major renewable energy providers. Such a moment allows you to get rid of the number of problems and will give you the opportunity to just enjoy the process.
Given all of the above, we can assume that the advantages of hosting are obvious.
Miner Hosting: Is Colocation the Right Thing for You?
So how do you make sure that bitcoin mining hosting or colocation is right for you and that you can benefit from using it? There are a few simple things you need to ask. After receiving the answers, you will be able to clearly understand whether this type of service suits you, or whether this is absolutely not your option.
What exactly does hosting offer and does this offer meet your needs? At a minimum, it should be high-quality equipment that will be able to work without interruptions and stops and also have personnel who will maintain the technical condition of the crypto mining hosting tools. If colocation can fill that need of yours, that’s a good start. But that’s not all.
Finance and payments. You need to understand exactly in what format of financial interaction you are cooperating. Are these monthly payments or one-time payments? How is the commission calculated? Does hosting have additional costs? And, most importantly, is the price fair enough for you?
The next question is security guarantees. Does mining hosting provide your servers with reserves? This is an important point, because such reserves allow you to avoid losses and continue working even in a critical situation.
The answers to these questions will help you understand whether the case is right for you, or vice versa, you should not waste time and look for other options.
Colocation and hosting can really make your life easier and become a lifesaver in your business. The main thing is to pay due attention to this and choose the right option that will meet all your criteria. A simple algorithm will help you figure out whether the benefits of hosted crypto mining are significant for you or not.