This does look amazing but talk about it taking a huge joy out of mining when it is your main source of income and you have so much riding on it. A panic attack anytime the price dips and a constant watch on it.
That, and also constantly checking and replacing faulty miners or any malfunctions in pools/hardware.
While ASICspace would have the definitive comment, I thinks it's worth noting the difference between a
hosting facility, and a
cloud mining facility. A hosting facility doesn't actually
own the mining gear inside, nor do they receive any Bitcoin from what is mined. They are paid in whatever currency they work out with their clients, who actually own the mining gear.The hosting facility supplies electricity, cooling, Internet access and so forth for a price. In general they don't care at all about the price of Bitcoin, or difficulty, or the price of mining gear. They probably do have to provide some level of hand-holding for gear that needs attention for their client. Their revenue is derived entirely from what their clients pay them to host the mining gear.
A cloud mining facility looks very similar, though it's more likely to have more uniformity in the type/kind of mining gear inside. The big difference is that the cloud mining facility
owns the mining gear, and receives the Bitcoins that are mined. Because of this they really do care about Bitcoin price, difficulty, and the price of mining gear. They have to cover their expense out of what is mined, and whatever they are paid by their clients. It's a really different business model, though at a gross level, the actual facility looks virtually identical to a hosting facility.
I think ASICspace is a hosting facility,
NOT cloud mining facility.
