Bitcoin mining is quite in demand today as well as bitcoin mining hosting services.
And despite the many alternatives, it is still difficult to choose the best mining hosting service.
The reason for this is simple: not everyone knows what criteria determine the best option.
Because of this, miners stop at bitcoin mining at home. But this is not the best idea.
Overloaded networks, blown fuses, and constant noise lead to miners being kicked out of their apartments and offices.
So, the best way is to research the hosting market, choose the right service, and mine without difficulty.
Bitcoin Mining Is…
Cryptocurrency mining is a process that requires special, expensive equipment.
Bitcoin mining refers to complex mathematical tasks.
The most effective way of mining cryptocurrencies is considered ASIC.
Mining is essentially a distributed system used to validate pending transactions by including them in a blockchain.
Mining ensures the chronological order of transactions on the blockchain, network neutrality, and allows different computers to agree on a single state of the system.
In order for transactions to become validated, they must be packaged in a block that satisfies strict cryptographic requirements and must be validated by the network.
What Does It Mean to Mine Bitcoin on a Hosting
Bitcoin mining hosting refers to the process of placing services in a data center.
That is, your equipment is placed in a certain place.
Bitcoin mining hosting allows you to rent the capacity to generate digital money, as well as buy the necessary hardware.
Regardless of which way you choose, you don’t have to make any extra effort.
Every specialized rack has power, internet, and cooling connections.
These three components are the ones that directly affect the speed of mining, the working life of the equipment. It will be controlled and monitored by IT experts.
Their main goal is to ensure that the equipment is working properly.
All you need to do is remotely monitor the performance of your equipment.
Criteria for Perfect Hosting
Let’s understand the parameters by which you may evaluate services to choose the best hosting.
First of all, you need to know more about:
Data about the hosting provider is one of the most important aspects.
You need to know the age of the company. The more it is, the better.
It is also important to read reviews about the company. Find out whether there were any legal cases/ problems, etc.
Also, contacts of the company’s managers in the public domain are a guarantee of quality services.
Any employee should know that if they provide poor service to a client, the customer can complain directly to the head of the company.
Companies can’t operate without feedback.
Technical Criteria of the Bitcoin Mining Hosting Platform
Here we are talking about the region of location.
More logical, of course, choose a hosting which is located near you.
But there are many cases where the nearby does not meet the criteria for selection, so do not be afraid to choose a hosting even from other continents.
It is desirable to ensure that all the licenses of the chosen company are in place.
This will guarantee the legality of your actions.
This draws attention first because the company should provide exactly those services that you need.
Cost of Services
This aspect is often rated last, because if all of the previous ones suit you, then the price does not matter.
But still, make sure that it is not outrageous because often the rate is overpriced.
Key Advantages of Bitcoin Mining Hosting
The huge demand for mining engenders a lot of firms that offer their services.
Among this variety, you need to find a reliable company.
Before identifying the advantages, let’s understand if there are any disadvantages of bitcoin mining hosting.
Of course, they do! Primarily, it is the probability of hacker attacks. Any data centers are not 100% secure.
If there is an attack on the center, it means that your funds are also in danger.
Another disadvantage is the unstable bitcoin market.
It can lower your income but at the same time, the costs will be the same.
But these cons occur in every mining method.
And hosting is just more secure.
Now let’s define the benefits. The key ones are:
- no need to allocate a separate room for equipment,
- lower cost per bitcoin (crypto-mining hosting places it in economically more profitable regions)
- saving time and resources,
- control is carried out by real professionals,
- support and access 24/7,
- repair service if necessary,
- environmentally friendly process.
- legality (no legal problems).
The Best Mining Hosting Service
As we have already realized, it is quite difficult to determine a reliable bitcoin mining hosting service.
But we can present a company that fits all the criteria of a perfect hosting service. This is Minery.
If you have already experienced cryptocurrency and mining, you probably heard about this hosting company.
Despite its young age (founded in 2018), Minery provides its customers with hydropower at very competitive prices.
They are licensed as well as certified and anti-fraud verified.
It gives great assurances that your mining will be in reliable control.
The company’s services include the following:
- A complete package that includes the purchase of the equipment directly from the manufacturer (saving you money), setup, installation, and maintenance. It also covers equipment monitoring by certified specialists.
- Service and support, which covers the web application (real-time equipment monitoring), daily billing, assistance every step of the way, and personalized service.
- Professional hosting followed by data centers, active monitoring, a team working around the clock, setting up the device for a full and long working time.
- Maintenance and repair, which covers temperature and cooling control, diagnostics, and repair of errors, preventive maintenance.
- Miner insurance and buy-back program. The company offers guarantees, among which are getting money even if the performance decreases. You can also sell your equipment.
- In just a few years of work, Minery has established itself as a team of real professionals who can organize your mining efficiently and correctly.
Let’s Bottom the Line
The best mining service is a rather complicated concept.
To find your perfect company, you need to put in as much effort as possible.
As practice shows, it is not profitable to choose a highly advertised service.
Gather as much information as possible about the selected companies.
If it is convenient for you, compare them in the table.
This will help you clearly understand which bitcoin hosting is better.
Petr is a serial tech entrepreneur and the CEO of Apro Software, a machine learning company. Whenever he’s not blogging about technology for itechgyan.com or softwarebattle.com, Petr enjoys playing sports and going to the movies. He’s also deeply interested in mediation, Buddhism and biohacking.