Are you considering Bitcoin mining? If you are, then you are probably wondering just what options are going to work well for mining, and if you really need to have an ASIC mining rig. First, it is important to note that some of the old ways of mining for digital currencies simply do not work well anymore, and they are not going to allow you to make any money. The graphics cards, or GPUs, and the CPUs that were once common for mining are not efficient, and you will not make a profit on them.
You will find that most people today are using ASIC miners because they are far more efficient. However, that does not mean that everyone is going to be capable of using these miners simply because they tend to be quite expensive, even when you are buying them used. Therefore, some have turned to dedicated VPS Bitcoin mining instead. Let’s examine some of the reasons people are choosing this method.
It Is More Affordable
One of the biggest reasons that people tend to choose this option is due to the cost. To get started with an ASIC miner, such as the Antminer S9, it will cost about $1,800 or more for a single machine. The cost of getting started with dedicated VPS Bitcoin mining is far lower than buying a mining rig of your own, even when you factor in the cost of running the server.
It Tends to Be Easy to Get Started
When you choose VPS, you will find that it tends to be easy to get things set up and running, as well. The companies offering the hosting will take care of the basic setup for you, meaning that you can deploy very quickly.
You Won’t Have Outdated Machines Piled Up
One of the other issues that often stems from ASIC miners is the fact that they are going to be vastly outdated in a few years. The old miners from a few years ago are nowhere near as powerful as today’s miners. If you have these pieces of hardware at your home, it means you are going to have to figure out what to do with them when they are no longer useful. This is not a problem when you are doing all of your mining through a virtual private server.
What Companies Are Available for VPS Bitcoin Webhosting?
One of the things you will need to realize is that not all companies that offer VPS hosting will want to host for Bitcoin mining because it tends to take up a substantial amount of resources. You want to make sure that you choose a company that advertises that they offer VPS hosting for Bitcoin miners. Several options are available today.
Bitcoin Webhosting is a company that is happy to provide hosting for Bitcoin miners. You can choose whether you want to base your operations from the US, Asia, or Europe, it is a private and anonymous system, and they have a guaranteed uptime of 99.99%. It is fast and easy to get everything set up through the company. Another option that you might want to consider is called Your Last Host.
As you can see, there are some good reasons to consider using VPS Bitcoin mining if you are getting into cryptocurrency mining. There are some nice benefits, but for those who are certain they want to stay in the field, the best option will be to eventually move on to ASIC miners because they tend to be more efficient and they can be more profitable.