The popularity of Bitcoin has grown by leaps and bounds in recent years and with such a mounting popularity, numerous companies have come into the scene for providing Bitcoin Mining Hosting solutions. Bitcoin Mining Hosting is an outsourced hosting which comes in a variety of options such as shared hosting, dedicated hosting or cloud hosting. For all those who are thinking about getting into Bitcoin mining, finding an excellent host for their mining rigs and devices is crucial. With several companies available, it gets difficult to find the one which is worth your time and money.
To make sure you find the best Bitcoin Miner hosting company, it is necessary to keep few things in mind. Here we have listed a few points to make the task of finding a host a bit easier for you.
Bitcoin Mining Experience
When it comes to Bitcoin mining you know how intricate the process may become. Bitcoin mining is still in a nascent stage and many companies have entered the field without accurate knowledge and experience in this particular type of hosting. This means it is crucial to find a host who has proven experience in Bitcoin mining and can provide you with features and services according to your needs.
For those miners who are not sure about from where and how to start mining, there are hosts with already set up mining equipment. On the other hand, Bitcoin miners with their own servers, router, switches, and other computer equipment, just need a place that can host the rig for them. For such miners who are looking for a secure, surplus, and cost-effective way, a colocation hosting provider can be the ideal choice.
Colocation is a service provided by data centers that take your equipment, set it up within their system and take care of the monitoring. This means miners can simply lease rack space, power, and bandwidth.
The mining rigs and traditional servers are vulnerable to overheating because they often run very hot. This means you should look for a hosting company which can provide you mining rigs with space and the care that they need. The best company will offer miners the latest and the best hookups. It ensures to provide a cooling system that can keep the rigs safe and temperature under control.
As we know, the central and most crucial part of Bitcoin mining is the Internet. In order to mine Bitcoins, we need to connect our Bitcoin mining rigs to the Internet. Without a network connection, mining is impossible. This means you have to find a company which offers a high uptime, as high as 99.9%. Check the uptime guarantee that a hosting company is providing.
Check Security and Insurance
The equipment used for mining are sensitive, as well as, expensive. Therefore, you cannot afford the risk of working with a company that doesn’t cover the damage to your property, in case of any mishap. In addition to insurance, check the hosting company’s infrastructure. Make sure the building where the company hosts the equipment is safe, and that they have proper fire suppression and cooling systems.
Know your Contract
Another very important thing to consider is to clearly know the contract before signing it. Make sure you completely understand the contract you are signing with your Bitcoin mining host and that it doesn’t include any hidden fees. Always double-check fact like the duration of the contract, all costs involved, and hidden terms and conditions. If you’re not satisfied with any point, don’t hesitate to ask for changes.
Find out the total cost involved in hosting the equipment and power you will be using. To make a profit, a good price on the power usage is essential.
Last, but not the least, the hosting company you select must have highly trained and knowledgeable staff. The staff should be an expert in mining technology, capable of monitoring the machines, and dealing with every potential problem.
Now, when you consider, you know what to look for in an ideal host. Selecting a company with the most efficient hardware and lowest power rates is the most crucial task, so make sure you make a wise decision.