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.
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.
