The world of cryptocurrency is not standing still, in fact, it is developing at a rapid pace. That is why many people are eager to try their hand at this business. In addition, mining has been gaining momentum lately. And with that came the need to use different places for the equipment.
That’s why we’re going to look at a topic as interesting as hosted mining and break down everything that goes along with it. We will also pay attention to the concept of placement and tell you everything you need to know about it. And of course, we’ll talk about the right choice of hosting provider.
Mining accommodation and its advantages
Let’s not delve too deeply into this concept, but just say in simple words what it is and what it is for. In general, when you host your servers and computers, you use a placement center. When you use this service, you are completely relieved of all worries. After all, specially trained staff will take care of everything.
Yes, convenience is one of the main advantages of this type of hosting services. After all, hosting staff do most of the hard work, and you relax and enjoy the results. For example, you no longer have to worry about electricity, cooling your equipment, and so on. There are many ASIC placement hosting options that you can choose from depending on your needs.
What is Colocation
If you’ve ever wondered what placement is, we’ll answer it now. In essence, it is hosting. Placement is a service that involves placing your servers in a specially equipped place, that is, a data center. This is physical hosting, that is, you place the server and choose the software and hardware.
Why do you need it?
First of all, this service is necessary for companies or individuals who have their own server equipment, but do not have the space to install it.
Of course, convenience and ample space availability. The convenience lies in placing the servers in racks and cabinets and all in one place. All are connected to the Internet and have electricity and special cooling systems. Plus, your entire computer is secure. It is in one place and no one can have unauthorized access to the data.
ASIC or GPU?
ASIC is a device that performs only one function: mining cryptocurrency. Because it only focuses on one task, it is much more powerful than conventional processors or video cards for mining. Therefore, it is able to extract more coins. Each type of this equipment is only capable of undermining certain types of cryptocurrencies. They are determined by the hash method. Due to the high energy costs associated with using ASICs for mining, these devices are only profitable for high-capitalized currencies. For example, bitcoin, etherium, etc.
Other devices can also be used, but they are not powerful enough to make a decent profit. ASICs are much more powerful than other options and therefore produce a lot of noise and generate a lot of heat. That is why one of the best options for using this equipment is mining hosting.
As for video cards, they are also good for cryptocurrency mining because they can do repetitive work for long periods of time. In addition, they are much cheaper than the ASIC miners themselves. However, you should always keep in mind that you will not make much money with just one graphics card, you will need a significant number of them. GPUs are best suited for home mining.
Is Mining Accommodation The Right Choice?
As cryptocurrencies grow in popularity, so does the number of companies offering placement services. Therefore, choosing a good service provider is not an easy task, but we will help you decide and make the right choice. That is why we have selected for you several important criteria that your chosen mining accommodation must meet.
High quality equipment service
Attention needs to be paid to the quality of the services provided. There is no middle ground here, you don’t need good quality, you need the best, but you run a risk. The service must have everything you need to repair your equipment.
Staff and Customer Service
You should take into account the fact that you are putting your computer in someone else’s hands. So it’s a good idea to make sure they have professionals who know your business. You can usually tell by the reputation and opinions of the service provider. In addition, a very important factor is a high level of technical support.
You should also make sure that the center where your computer is placed is highly secure. The placement center must have an organized access control. It must be impossible for unauthorized persons to enter the territory or the technical facilities of the data center. There should be a guard shift and regular rounds, as well as a contract signed for the departure of the armed guards. Service personnel should have a panic button.
Industrial-scale Bitcoin mining is experiencing tensions far beyond the soft standards of conventional office counterparts. Hence the progression of hardware failures and, as a consequence, the decline in mining profitability due to downtime and repair costs.
So try to find a company where internal insurance covers everything in these cases.
A big advantage will be if there is also a hardware store when choosing a mining accommodation service. In some companies, if you buy them equipment, the purchase price will include the connection at the same time, and there may be good discounts for long-term cooperation. In addition, if you need to end your cooperation with the hosting company, you will easily buy back your computer for enough money.
Now that we’ve looked at all the important steps in choosing a mining hosting service, you know what to do. However, it is always worth remembering that this issue must be approached with great care. To reduce the risk to yourself, always try to contact only reputable companies.