Mining is a whole process of calculating the location of Bitcoin and obtaining it through a computer. Obviously, this workload is relatively large, so the miner hosting business has appeared. So what is the specific miner hosting, and what are the advantages of the miner hosting? This article will give you specific acceptance.
What is the miner hosting?
Simply put, you put the purchased miner in the mining farm of a professional hosting company, and the hosting company will provide you with electricity, network, mining pool, and professional miner troubleshooting, etc. Of course, these hosting companies’ electricity price is lower than the market price of electricity. Although IPFS mining is different from BTC mining, which requires an ultra-high hash rate, even everyone can participate in mining. Still, due to the influence of geographical location, bandwidth resources, geographical location and other factors, it is difficult for individual mining to reach the highest level of profit, so choose a legal enterprise that meets national standards and use the most professional team to manage it to achieve the highest profit from mining.
The management, maintenance, and software upgrades of miners all require professional knowledge, and it is difficult for ordinary people to take care of all aspects.
Miners need 24-hour supervision, and miner hosting can save time and cost. It can also give priority to guaranteeing mining resources and improving the mining efficiency of miners.
However, new problems will arise after the miner is hosted, such as how to ensure that the hosting company fulfills its duties. How to check the mining income of your miner; and how to ensure that your mining revenue will not be stolen.
What are the advantages of miner hosting?
Investing in the miner custody business still has certain advantages over self-built mines. First, the time cost is saved to a certain extent, and the mining business can be started immediately. Secondly, the labor cost, electricity cost, and other expenses are saved. Since the hosting concentrates multiple miners in a mining farm, the cost is all the investment. Finally, there are even lower electricity prices. The ultimate goal of hosting companies to develop a miner hosting business is to make money. If they can’t get electricity prices lower than usual on the market, it will be difficult for hosting companies to profit. So, they give investors the electricity price will be lower than the average price on the market.
This article explains what miner hosting is and the advantages of miner hosting. Investors should note that the number of miners is small (less than 20), usually considering that the necessity of custody is not too great, and the custodian may not necessarily accept it. Once the quantity goes up, it is recommended to find a reliable custodian. Safety is the number one factor. Otherwise, you will cry if the custodian takes your miner and runs away. Therefore, you should be cautious when choosing a mining farm, and regular and legal enterprises are safe and stable.