Those who are getting into Bitcoin mining, and who want to have a quality host for their mining rigs and devices need to make sure they are choosing only the best. Given the popularity of Bitcoin in recent years, it was only natural that there would be an influx in the number of companies that were offering these types of services. However, just because there happen to be a large number of companies offering these services today, they are not created equal. In fact, there are some that are simply not worth your time and money.
When you are searching for a quality Bitcoin Miner hosting company, there are certain things that you should be looking for out of the business. We will cover the hosting requirements that you should seek out when you are hunting for your host below.
Experience With Bitcoin Mining
One of the first and most often overlooked considerations when it comes to host requirements is experience with Bitcoin cloud mining. This type of hosting is still relatively new, and some companies have stated that they can work with Bitcoin miners to get their business without truly knowing what it all entails. You want to find a host that has some verifiable experience when it comes to Bitcoin mining, and who can provide you with the types of features and services you need.
State of the Art Facility
What type of facility does the company use for the Bitcoin miners? Is it capable of providing your mining rigs with the space and the care that they need? You need to make sure that the company has the latest and the best hookups, that they have a cooling system in place and that they can keep the rigs safe and the temperature controlled. These mining rigs, along with traditional servers, can run very hot, and you do not want to run the risk of overheating.
Some of the hosts out there have equipment already set up for Bitcoin miners, and that might be handy for some, including those who are not quite sure what they should be buying. However, many Bitcoin miners already have a rig in mind. They merely need to have a place that can host the rig for them. A colocation hosting provider can be the ideal choice. They can the equipment that you have and then set it up for you within their system and take care of the monitoring.
Flexible and Transparent Contracts
You always need to know exactly what it is that you are signing with any contract, and that is very true when it comes to your Bitcoin mining host. You need to make sure that there are not any hidden fees that they will start to charge, for example. You also need to know the length of the contract you are signing and how flexible it will be. If you find any elements of the contract that you do not like, and the company is not willing to make reasonable changes to the contract, you will likely want to work with another company.
Security and Insurance
How secure is the building where the company hosts the equipment? You do not want to worry about anyone sneaking into the facility or damaging equipment. You also want to make sure they have fire suppression systems in addition to the aforementioned cooling systems. These pieces of equipment are sensitive, and they are expensive. The hosting company needs to be able to care for these pieces of machinery properly.
Along the same lines, you need to be sure the company you are considering has insurance to cover loss and damage to your property in case it was to occur. Working with a company that does not have insurance is a big risk.
Your Bitcoin mining rigs connect to the Internet, so they can mine Bitcoin. If the machine is not able to connect to the network, it means you are not going to be mining, and that means you are not going to be making Bitcoins. Therefore, you always want to make sure that you are working with a company that can provide you with a high uptime. In today’s competitive world, it is not unreasonable to expect a company to guarantee 99.9% uptime. If they do have a guarantee and they are not able to live up to that guarantee for one reason or another, you need to know what they will do to make things right for you.
Of course, you also need to make sure that you can afford the hosting service. In addition to hosting the equipment, make sure you understand just how much you are going to be spending for the amount of power you are using. The ASIC miners and other types of miners tend to draw quite a bit of power. Having a good price on the power usage at the facility means it will be possible to start making a profit even sooner.
Trained and Knowledgeable Staff
You want a hosting company that has a staff that is highly trained and knowledgeable when it comes to your mining technology, as well. They need to be capable of monitoring the machines, letting you know if anything is wrong, and dealing with problems that might arise. While it is unlikely there will be a problem, you want to have staff on hand that can take care of these types of issues, and who can answer any questions that you might have. Good customer service and a knowledgeable staff goes a long way in providing you with peace of mind in your hosting choice.
These are some of the most important Bitcoin miner hosting requirements you will want to consider when you are choosing a host. You may have other requirements you need to have met, or questions you need the company to be able to answer. Never settle for anything less than the best when it comes to your hosting provider.