Hello everyone
I am curious if many people actually prefer hosting their miners. Do they really feel comfortable giving their miners to someone else, or do they just not have the right setup for mining like electricity and heat management? Is the cost per kWh the main thing people consider for choosing a hosting place, or do they look at other factors too? Does the uptime of the service matter? Do people prefer having a specialist at the hosting site to fix their miners?
Thanks for any help you can give
Most hosting services will charge you just for the electricity you use. I’m with two hosting companies and I’ve had no issues. They are both running well, with only one downtime for infrastructure updates. I think you should think about all the points you mentioned
@Noble
I was curious if there are enough clients in this market because I could consider starting a hosting farm, but I could only guarantee around 80% uptime. This is due to electricity demand, as sometimes people use too much energy and power plants can’t keep up. This is also why I could potentially offer low-cost energy since miners can use waste energy which is available for almost nothing per mWh, and sometimes they have to pay just to get rid of it.
@patson
I might think about getting batteries, but that would raise my electricity costs since they are expensive.
patson said:
@patson
I might think about getting batteries, but that would raise my electricity costs since they are expensive.
Batteries aren’t really a good option if you’re only getting 0.08$ per kWh. Can I ask where you are located? I think 80% uptime might not be enough for a hosting service.
@Noble
I think I could get even lower costs.
patson said:
@Noble
I think I could get even lower costs.
That sounds good. Heat management is another thing you should consider based on your location. Most clients look for at least 95% uptime because otherwise, your return on investment will take longer.
@Noble
I am from Poland and want to find a way to fix the uptime issue, but I’m not sure how. Batteries could help, but they won’t be cost-effective.
patson said:
@Noble
I am from Poland and want to find a way to fix the uptime issue, but I’m not sure how. Batteries could help, but they won’t be cost-effective.
Hey, I’m from Germany. I’ve sent you a direct message.
Yes, some people choose to have their miners hosted because it’s cheaper than running them where electricity costs are high. It also saves on infrastructure costs like ventilation. There are many things to think about before deciding to set it up at home or in a dedicated space.
They usually have to either ship their miners or bring them in person (most people ship). The hosting service will set it up for you, and you can track your miner to make sure it’s working too. Doing research on the hosting service is key. Once you trust them and they prove to be reliable, it’s up to you to decide.
Uptime does matter, but it can be hard to know if what the farms say is true. For example, many farms claim to have 95-99% uptime, and most of the time that’s accurate unless there are short maintenance times or upgrades. If your miner has issues, that will also cause downtime while they fix it. Some problems are easy to solve, while others take longer. Having a specialist at the farm is definitely a plus because they likely have the tools to find and fix your issues much faster than most people can.
@Rian
Thanks for the info
Yes to all your questions
Valentine said:
Yes to all your questions
Okay, but would people be willing to sacrifice uptime for lower electricity costs?
Where’s a good place to host miners? My electricity rate is around 0.17 per kWh. Do you need to send in your miners or rent them?
Charley said:
Where’s a good place to host miners? My electricity rate is around 0.17 per kWh. Do you need to send in your miners or rent them?
It really depends on the hosting provider. I don’t have any experience with this, so I can’t help much.
Everything you mentioned is usually covered in the standard terms and conditions of any hosting service. If they charge you extra for those services, it’s better not to work with them. Good luck with your mining!