Bitcoin Forum

Hello guys,

I wonder if you know some serious mining hosting services. Looking to host 10 x S21 with good elecrticity price and security. Being sure, miners or hashrate won't get stolen.

Thank you.

What country are you in.

I use this guy in Iowa

https://www.youtube.com/@IowaMining

https://iowamining.io/


he is an okay price but there are cheaper out there.

my gut is he is honest.

he could be okay for you if you are in the USA

i see them charge 10 cents per kWh and $50 setup fees, I don't know which Sha256 miner that can still profit at that rate, maybe LTC+Doge miner can.

anyway, integrity is as important as price, most hosting companies are bad at best, so be very careful dealing with them.

$50 for installing an ASIC is a very good price.
But with such a price for electricity, you will be paying extra to the hosting for mining ;D
https://www.asicminervalue.com/miners/bitmain/antminer-s21-200th   set the price to 10 cents
Unfortunately, even for some new ASIC models, 10 cents is already mining at a loss.

$50 for installation is no where near cheap,  it's a month or two worth of gear income, it takes 60 seconds to set up a mining gear to up-and-running state, it's maybe a $10 job at best.

$50 would be fine if the gear was used and needed some dusting and all, but for a brand new gear it's way too much IMO.

I'm talking about the total fee for installing the equipment. Many companies charge such a fee for each kilowatt of power consumed during installation.
This is the payment for the use of the data centre equipment, which is very expensive.
If an asic is installed on a rack in a warehouse, it is expensive, but if it is installed in an authorised data centre designed according to all security standards, then this service costs several hundred dollars for each kilowatt.

i saw a hosting company offer that for $20, saw compass mining claim 0% setup fee, so why would anyone charge setup fees per kilowatt?

Maybe it's the PDU, wiring and everything else? so if I have to pay for all that then what service I am getting for paying 10 cents per kWh?

i know this is a free market, i am not complaining, I don't deal with any hosting company, I just think setup shouldn't be high.

Sazmining is doing great

Let's do a little calculation.
A container for 360 ASICs with all the equipment costs $20,000. There are some for $15,000, but I took the best model.
But we also need to take into account the cost of delivery and installation

20,000/360= $55.55
I'll assume that the cost of placing 1 ASIC in a container will cost $60-70.

Then we can add $10-20 for maintenance and so on.

If a company offers you this for free, then you will have a high electricity tariff.

Therefore, if you do not install ASICs in your container, then a fee of $60-90 for each ASIC looks fair.
If it is not a container, then the fee may be more expensive.

Or do you think that the data center should pay for this?

setup  means unbox the miner, plug it in, set pool details, you are talking about something else which is the infrastructure, and yes, the host must pay for that or else they would give it back to you once you are done?

if the client pays for the infrastructure then what service does the host provide? if i send 300 gears you expect me to pay for the entire container and then pay you fees for hosting? so when the contract is over i take the containter or is it still yours?

it is like renting a house and asking the tenants to pay for the concrete, hosts charge you for maintining the operation of the gear not for the space, and all of that is included in the power bill, all these extra fees are just confusing, like saying I host for 1 cent per kWh but you have to pay rent fee of $100 a month.

My advice is avoid hosting companies like the plague, they're all rotten to the best of my knowledge. Even if they don't steal your miners, they'll rip you off one way or another. The last time I hosted miners, I bought $100k+ worth. At the end of the term I asked for miners to be sent to me, which they refused and said they would have to be sold on my behalf. They then strung me along for over 6 months following end of contract, giving excuse after excuse, where one excuse contradicted the last etc. They said there was no market for the miners, nobody interested etc before finally sending the sale proceeds. Allegedly they sold the miners for $500 each. At the end of the contract, these miners were moving for over $2k a piece second hand, and selling like hotcakes. Whilst I can't prove it, I'm pretty certain these miners were left running during this time, accumulating profit for the hosting company and nothing for me.

This particular hosting company is called WATTUM.IO, and they're meant to be one of the better ones :(

Every person I know that has hosted miners somewhere has a similar tale to tell, OR much worse in most cases (including outright theft of the equipment).

If you aren't in the position to host your own miners on free (or extremely cheap power), invest in BTC and HODL instead.

That's a perfect explanation of how things usually end with hosting, if you read 10 hosting stories, it's safe to assume that 9 of them will have a sad ending, this is mainly due to a conflict of interest between the host and the client, hosting companies (similar to cloud mining) can be decent when mining profitability is but bad when it's great -- they show their true color.

You buy a miner for $3000, it makes you $20 in profit, you pay them $10 for hosting fees, you net $10, they make say $1 a day, you are taking a great risk, need 300 days to reach ROI, they make a small but predicted and guaranteed income, so everything is good.

A few months later, BTC does 5x, your miner now makes $200, you are still going to pay them only $10 and they are still going to net only $1, that's when they start envying you, they would be like "he is making $190 profit a day, we are making a tiny $1, we must figure something out to take some of that $190"

And then starts all the excuses of "power rate has gone up due to high gas prices", or " we would now charge you x amount of money for maintenance", and you can guess all the excuses they can come up with.

Since electricity is the backbone of BTC mining, hosting is like sending your cow to some farmer who would milk it, sell the milk, send you the money, and take a portion of it, when the milk price is too high, that person will think that you don't deserve all the profit since he is the one doing the work, so it's either he sends your cow back, or figure out means to steal it.

As for forcing you to sell your gears, Compass Mining did something similar (https://bitcointalk.org/index.php?topic=5396462.0) before.

I can also share a similar story that happened to me personally, I hosted gears with a guy who wanted a % of the income and didn't charge per kWh (it was during a bull market), everything ran smoothly for a while, and then in the worst moment of the bear market he wanted to change the terms, he reasoned that the % I was paying him is not even enough for the power cost and that it was way below average which was true despite the cheap power rate he had, but in the previous months I was overpaying since the % I gave him was a lot higher than the power bill or whatever everyone else was charging, I had to agree to his terms because moving the gears elsewhere was not easy as he was located very far from where I live and because I knew he would not just shut them down, pack them and send them, he would probably waste my time with excuses till he exhausts my gears.

Being in the mining business for so many years now, having run my own farms, managed other larger farms, and traded new and used gears, I can tell you that the quote below is perfectly accurate and will hold forever.

When you put your server in a data centre, you pay 1 time for the place and then you pay for maintenance and electricity as per the contract.
If you don't have such a space payment, then you get an increased electricity rate.  Only scammers have the cheapest electricity tariffs, no space fee and the asic starts working immediately after payment.

This is the practice of data centres in the USA and Europe. In Russia, you also pay a fixed payment 1 time and share the profit. And nobody touches your business.

If you come to the location with your own container, you will have different terms and conditions, but you will still pay the connection fee. It costs money to connect 1.5 Megawatts.
But if you want to install 10-20 asics, you will pay for зplaces. Check this info.

Check https://oneminers.com/ . I use it because they have a really  strong proof and are customer-oriented in terms of services. Also Support and Phone number included when you are a client and everything is just smooth really... Also they have launcehd a new application that is well working :)

We offer hosting at our purpose built facility in Kansas starting at 8.5¢/kWh all-in cost for MOQ 1. We can lower the rate for clients with more miners. 95% uptime guaranteed, on grid, and no curtailments. Check our reviews and you're welcome to stop by for a site visit anytime. You can get started at our website or reach out on telegram for more info