Are you interested in mining hosting for cryptocurrency, such as Bitcoin or Litecoin? If you are, then you have probably started your research and have discovered that it is no longer possible to use just some graphics cards or CPUs as a means to mine and make a real profit, at least in the case of Bitcoin. There is simply too much competition, and there are better ways of doing it, namely with quality ASIC miners.
There are many options when it comes to ASIC miners today, including those from companies like Bitmain and their Antminer. Having on or more of these machines allows you to start mining cryptocurrency relatively quickly and easily, and there are several ways that you can do this.
First, there are many who choose to keep the miners on their own property. They will hook them up to their Internet and use their own electricity for their mining operation. While this can work well in some cases, it does have some drawbacks. The rooms that have the miners in them tend to be quite loud and they can get very warm, especially when there are multiple machines. In addition, the cost of electricity in your area might not be ideal for mining.
For these reasons, and the fact that having a full room in your home dedicated to using these miners is simply not feasible for most people, colocation has become a better option. This is especially true when you want to set up multiple ASIC miners.
Why Use Colocation?
Colocation simply means that you are using another facility to house your miners. This facility might be in your same city or state, another state, or even in another country entirely. A colocation company can offer some great benefits.
First, they will have the space needed, along with special rooms that they can keep cool to ensure your equipment does not get too hot. They also tend to be in locations that have good electricity rates, so you will not be overpaying for electricity. Even though you might be paying for their services, they can help to make the entire process much easier.
In some cases, they will have equipment that you can buy and then use on their site, or they will allow you to send your own miners to their facility. They can hook up the ASIC miners to the system, which you can then control remotely. They help to make the entire process of getting a rig set up – and out of your own house – much easier.
Choosing the Right Company for Colocation
Of course, when you are choosing a company that can take care of the setup of multiple ASIC miners that you can control remotely, you do need to be careful. You want to be sure that you are working with a quality company that can offer great security, and that can ensure your equipment is safe and in good working order. You want to work with a company that offers fair rates, and that makes it possible for you to make a profit.
Always check to see that they can provide you with reliable service. You need to have an uptime of more than 99%. After all, if your mining rigs are offline, that means you are not making money. Choose a company that can take care of the setup for you, and that will make it as simple as possible to get your mining rigs up and running, no matter what type they are or how complex they might seem. When you find the right colocation partner, they can make mining much easier on your end.