Topic: Who are the Reputable Mining Hosting Companies? (Read 390 times)

Or maybe there was fraud in the contract, according to which your partner could not give up the equipment for a long time and pay minimal compensation?
In Russia, too, this is a dangerous business, and when you bring the equipment, everyone will smile at you. But then everything will be different.
It will be possible to pick up the equipment, but intermediaries (bandits or officials) will take up to 50% of the cost for the service.

Forget it, unless you personally know someone with a hosting facility and have 100% trust in them. You would be better off to purchase Bitcoin with your cash and hold it.

Even the hosting companies that aren't 'outright' scams (e.g. they actually exist and actually host miners), will still scam you one way or the other. There will be an 'unexpected delay' for your miners to come online (while they've already been installed and mining away), or they will hold on to your equipment at the end of the term for several months before returning (and mining with it for their own benefit). Or maybe they will refuse outright to return your equipment, telling you your only option is to sell them second hand at a fraction of the value (which is what Wattum.io did to me for a whole 6 months after my hosting contract expired - YES 6 MONTHS). It doesn't take a rocket scientist to work out why they'd want to hold on to your miners...

You should check out https://hashbranch.com - it has the most comprehensive list for reputable mining hosting companies in the US. They include customer reviews, pricing and terms, and verified uptime data for the hosts listed on there.

Waw, that's a lot of "charge", it would be pretty difficult to make any profit while paying this much, anyway, if you want to advertise yourself here you might post some pictures, background, contact details, and a bit more info, that website you posted means next to nothing and probably nobody would take it seriously.


They are certainly over but in a few decades after all the halvings, it would be a bit hard for the large companies to sustain their operations, if those large guys leave, the small folks will be able to make a few bucks again, but as it stands right now, the difficulty isn't stopping regardless, those large players have a lot of money to throw away, the average joe stands no chance.

He can get 10-11 S19 Jpros for $10,000 or 3-4 XPs, or 3 L7s, or 4-5 K7s.

Your only going to get maybe at best two miners. Not worth the trouble. The days of garage mining are basically over.

Like allot of people said just put in actual bitcoin itself, DCA or lump some read allot

Good luck

A friend I host for sent me this link.  I just joined.  We are a small hosting company located in Western Kentucky.  We will have 135 spots available sometime around September 20th.  We charge $.085/kWh with a $50/miner setup fee.
What miners are you looking to get?  I can help find the best price to compare with what you find.  We don't require you to buy from a supplier we know though.

Feel free to reach out with any questions.  Here is a link to a review site with some customer reviews.

https://app.hashbranch.com/companies/5deaedde-1492-4b29-8404-3736d9e88462

Thanks!

The only two mining hosting companies that I can personally recommend in terms of reliability and trustworthiness are:

US: Teslawatt
https://teslawatt.com/

Canada: D-Central
https://d-central.tech/

Whether you will make a profit or not you will have to do the calculations yourself.

Smells like Chatgpt copy-paste this is what I get for the same question


Right now only two out of all ASICs are not losing money at 12 cents and you're advising him to...? 

Genesis Mining: Genesis Mining is one of the most well-known cloud mining companies in the industry. They offer mining contracts for various cryptocurrencies and have a transparent fee structure. However, the profitability of cloud mining can vary, so it's essential to calculate potential returns carefully.
HashFlare: HashFlare was another popular cloud mining service provider. They offered contracts for Bitcoin, Ethereum, and other cryptocurrencies. Please note that the landscape of cloud mining providers can change rapidly, so verify their current status and reputation.
Bitmain Antminer Hosting: Bitmain, a prominent manufacturer of mining hardware, also offers hosting services for its Antminer machines. They have data centers in various locations around the world.
Hive Blockchain: Hive Blockchain is a publicly traded company that operates cryptocurrency mining data centers. They provide hosting services and have mining facilities in multiple countries.
Coinmint: Coinmint is known for its large mining facility in upstate New York, USA. They offer hosting services for Bitcoin and other cryptocurrencies.
Bitfury Hosting: Bitfury is a well-established blockchain technology company that also offers hosting services for mining equipment.
DMG Blockchain Solutions: DMG Blockchain Solutions provides hosting and management services for cryptocurrency mining operations. They have facilities in North America and provide a range of services.
Compute North: Compute North operates mining facilities in the United States and Canada and offers hosting services for miners. They focus on providing a secure and reliable infrastructure for mining.
Giga Watt: Giga Watt was known for its ICO and hosting services. They allowed users to rent mining facilities and purchase WTT tokens that represented mining power.
CoinGeek: CoinGeek is associated with Bitcoin Cash (BCH) mining and offers hosting services for miners interested in mining BCH.

OP was asking about hosting companies, you told him to ditch the idea and look for a data center, are you smoking something or are you a bot with unsolved bugs?  .

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OP, doesn't matter how legit a hosting company may seem the end results are usually not too great, The problem is within the structure of BTC mining profitability, Imagine you are a hosting company, and you buy electricity for 5 cents, you sell it for 7 cents, your profit is 2 cents per kWh but then 1 cent * overall consumption goes to maintaining the farm and to pay employees, so you are now making 1 cent per KwH.

What happens next is one of two

1- BTC Price goes to the moon, the host still makes 100k a month while the miners he hosts make 100M a month, What is it going to be? they would either want to run their own gears now that the profit margin is huge, or they would want to charge you more if they can't do either of those, they would start making your life difficult by shutting your gears down, or pointing them to their pool for a few days and claim they have some technical issues and all that b.s.

Not saying nobody on planet Earth is honest, but for most people, it would be pretty hard to resist not getting a piece of that 100 M and just sticking to that 100k, but fine, you may get lucky and find an honest host, when things moon, another investor will show up with more gears and cash and will be willing to take your place, alongside many others, now the host has to choose between you (the average joe with 5 gears) and your other 200 (average joe friends and their grandmothers) who all combined have 1000 gears VS the rich investor who wants to host 5000 gears and pay 20% more.

Honest or not, you are going to get that email explaining how sad the host is to part ways with you due to technical and legal reasons that they can't disclose.

2- BTC Price goes down or sideways, the difficulty will keep climbing, you will be kicked out by the other guys who don't have to pay hosting fees, they will remain in profit and keep adding gear while you can't, that leverage they have over you will destroy you


The other plan to avoid scenario 2(or at least used to be) is to host your gear with a trusted company that has facilities in other countries at a cheaper rate, but then, your country might wave some sanctions on that country and you will be forced to sell the gears where they are for dirt cheap, this happened to Compass mining not too long ago.

Hosting a miner is like hosting a cow, when milk is cheap, the other farmers will outperform you because they don't pay someone else to take care of the cows. When milk prices go up your host would be better off just getting his own cows, or hosting a larger cow with more milk at a higher price, so I have to agree with phill, forget the cow, just get the milk since you are not a farmer and don't own a farm.

Apparently you have nowhere to put your money if you are looking for the use of your funds through mining hosting sites. You can use these funds to simply purchase a couple or three miners and simply find the nearest data center for placement, while investing in cloud mining you will simply lose your funds since reputation and cloud mining are not joint things in 99% of cases.

In other words invest, you won't have to worry about electricity   period.

Buy Bitcoin is a better option or you can ask your relatives who live outside Texas in this case states like Idaho have the lowest at
10.79¢ according to https://www.energybot.com/electricity-rates-by-state.html or just move to another asic algo like Scrypt Ethash or X11 but I doubt you will get the miner hardware so soon 

I would mine coins only on my equipment and on my territory. If you don’t have such an opportunity now, then buy bitcoin. Any mining hosting ways work in their own interests and find a way to outsmart you with a contract to purchase and maintain your ASIC.

8.5 cents per kW and you have to buy the equipment from them?
Take Phil's advice, for 10k nowadays mining is not really worth it, you won't get discounts, you won't get the best deals for 2-5 miners, and you'll end up making a few bucks each day counting the days till you might ROI.


Did you type this while being serious? Cause I can't stop smiling while reading!  

Dude buy 10000 worth of btc and call it a day.

if you are nervous do 2000 a month five months in a row.

bleak. haha. I called the guy at at Musk Mining. He seemed pretty legit, but if you crunch the numbers the pay back periods aren't that great even when you freeze at todays price and difficulty.

Hosting solution to mine Bitcoin? You will probably be scammed in the end if you keep up with this, your electricity is high? Fine, accepted, you only have two to three options left and it will be better if you listen.

1. Move out of Texas and go the electricity bill is not very high.

2. Forget Bitcoin mining and invest in Bitcoin.

3. Invest more on solar energy or other.

Bitcoin mining is not a do or die investment, there are other legal ways you can make money with Bitcoin and in your own situation it's better you change location or invest more on solar energy or just forget Bitcoin mining and buy Bitcoin direct and hold.

Any other ways apart from what I said is scam, especially anything cloud or rent space, etc.

I'm new to bitcoin mining. Looking to make an initial investment of about $10k with more to follow if things go well. My electricity costs at my house are not so great about $.15/kwh, so I'm looking for hosting solutions. When searching for a hosting company, almost all the websites look the same. I know quite a few can be scams. No one lists their prices on their website. Who are the reputable hosting companies? Are there review sites where people discuss their experiences?Is there a way for me to easily compare different hosting companies?

I'm in Austin Texas. It's definitely a plus if I can visit the facility and it's located in Texas.

Thank You in Advance!