With so many hosting solutions available, it can be difficult to determine which one is the best fit for your mining operations. Which one do you trust and does it really make sense to outsource your machines to them or will they scam you? In this review, I will look at the top Bitcoin mining hosting providers. I will tell you the pros and cons of each so that you can make your own decision about which one best suits your needs.
What is Bitcoin mining hosting?
Bitcoin mining hosting is when you buy mining rigs but send them to a specialized facility to operate. The facility provides electricity, maintenance, storage, cooling, and monitoring in exchange for a monthly fee.
You can think of this as a specialized workshop for craftsmen. You know those carpenters who start off their hobby at home but then when they want to professionalize they rent out a space where they can use advanced tools and machinery?
Bitcoin mining hosting is kinda similar.
While you can operate your own miners at home, and some people do, all the extra stuff that comes with Bitcoin mining is a headache to handle.
For example, mining equipment emits a lot of heat. This means that you need fans to operate a cooling system so that the machines don’t get overheated.
Then you need to buy a container to house your miners. Mining containers don’t come cheap with prices starting at $30,000 on average. You can find more details on Bitcoin mining container prices here.
Then there are security and maintenance considerations.
A hosting provider gives you peace of mind for all of these aspects.
The most important consideration however is access to cheaper electricity. Most colocation services have secured way cheaper prices than you would be able to from your home. This is the main arbitrage they offer and the main benefit of using them.
Bitcoin Mining Hosting Benefits
|✔||Cheaper electricity rates|
|✔||All the extras such as cables and shelving|
ok, so what options are available to you to choose from? Let’s take a look below.
7 Best Bitcoin Mining Hosting Companies
#1. Compass Mining
Founded in 2019, Compass Mining sells hosting services and Bitcoin mining hardware. Their mining farms are spread out across the following locations in the US and Canada.
Compass Mining Locations
Compass Mining’s mission is to make Bitcoin mining accessible to anyone, regardless of their technical expertise or financial resources. The company offers a user-friendly platform that allows customers to purchase mining equipment and have it hosted in a secure and reliable facility.
Compass Mining also provides customers with a bunch of goodies to help them maximize their mining profits, including access to expert support, real-time monitoring, and a dashboard that provides detailed analytics and performance metrics.
- On-site security
- Video surveillance
- Dedicated customer support 24/7
- Detailed guides for home mining and hosted mining
On Trust pilot Compass Mining scores 3.4 with 77% of raters giving it 5 stars and 18% giving one star. That’s a very polarizing result. There are mixed reviews on Reddit too. Most people who are unhappy with Compass are complaining about the company’s logistics. While the sales team is nice to talk to many people experience delays from the moment they send their money to Compass until the moment their miners are actually deployed. Some also complain about not getting the desired location.
So while the packages and pricing are attractive the company is experiencing growing pains as it tries to sort out logistics with its partners.
#2. Frontier mining
This crypto-miner hosting business helps you source GPU and ASIC Miners. They have facilities at four locations across the United States: Colorado, Pennsylvania, Soth Carolina, and North America. You need to check on their site to see which one has availability at any time.
Frontier offers you all the usual add-ons such as
- Enterprise Network Switches,
- Segregated VLANs,
- Network Cables,
- Power Distribution Networks,
- Regular Maintenance,
- VPN Remote Access,
- Hashboard Replacement.
They also offer Dashboard Access and Insurance for an additional fee.
Their ASCI miner hosting at $40 kW/month while their CPU Miner hosting starts at $55 kW/month
There is very little information on this company online. Some Reddit reviewers confirm that the company is legit. The testimonials on their site show some happy customers who are satisfied with the uptime and support they are getting.
#3. The Mining Future FZCO
This company is based out of Georgia (the country) and Dubai where they act as a mining broker. They list global locations on their website: UAE, Kuwait, Argentina, and the Dominican Republic to name a few.
Prices start at $0.047 kWh in Argentina all the way to $0.64 / kWh in the UAE.
- Online store to purchase miners
- Brokerage service that acts as liaison with mining facilities.
- 24/7 monitoring and maintenance
- Option to track live mining performance live via web or app.
- Send Bitcoin to a wallet. There are plans to be able to convert directly to US dollars or Euros and they also plan to offer a debit card.
- Assistance in selling your Bitcoin miner once your contract is ended.
- There is very little available online about this company in terms of reviews.
- Overall I am a little hesitant about using a broker. It is not clear to me what their value proposition is especially with miners being located so far away from home for US users.
With 9 hosting facilities across the US Wattum offer both equipment and hosting solutions. They claim an average uptime of 97% across all their facilities.
Prices start are fixed $0.089 across all US sites at the time of writing.
- 24/7 monitoring
- Routine maintenance and monitoring
- Fiber optic up-links to eliminate downtime.
- They also have a partnership with ViaBTC in case you want to pool your mining effort with others.
Overall Wattum comes across as a large and professional company. However, it has faced some criticism in the past.
Wattum came under significant criticism about a year ago for a plant that it operated in Kazakhstan. They have since exited Kazakhstan but the experience seems to have left a sour taste in people’s mouths.
On Trust Pilot, most of the unhappy reviewers tend to be voicing frustration with overseas facilities while all the positive reviews speak well of the service they are getting in the US.
QuoteColo.com is a brokerage service that connects you to mining services globally but with a focus on the US. They purely facilitate the handshake with the hosting provider and nothing else but they are well networked within this space. Their website looks like it was built in the 90s but they are getting good reviews on Reddit and elsewhere. They also sell Bitcoin mining machines.
This hosting provider is a good one for beginners. They will guide you on the type of machine to buy and will coordinate all the steps on your behalf to get up and running and start earning an income through mining. They also claim that their power consumption is from renewable energy or surpluses. On their website, they promote the Antminer L series and the Antminer S series both of which are popular ASCI miners to mine bitcoin.
b2Miner can host your miners in the following states:
- New York
- Washington state
Outside the US they have a data center in the UAE.
20% of miner revenue.
- Regular maintenance
- Sale of machines at the expiry of the contract,
- App to monitor performance
- Customer support
- Sales rep team to support the purchase of miners
- Pools: they connect to F2pool and Nice Hash.
The company is based and managed in Prague which is a distance away from the US. This suggests they are a broker without a stake in the actual facility they partner with. There are no reviews online about the company.
These guys operate out of Switzerland but they have facilities globally.
- Northern Europe
- New York
- North Carolina
Their European facility starts at $0.044 per kWh while in the US price start at $0.075 per kWh
- 24/7 Technical Service with language support for English, German, and Russian
- all-in tariffs
- Rack space
- energy supply
- cooling technology
- IT network.
There are no reviews online but Bitkern actually hosts Wattum facilities so these guys are big.
Other host providers
You might also want to check out these two providers. I have not looked at them in as much depth but listing them here for your convenience.
Is it still profitable to use a mining facility?
Yes. Look, if you are a retired electrical engineer with access to cheap energy then you can probably geek out all day and optimize your cryptocurrency mining operations. However, most people don’t want to do that. By outsourcing to a crypto mining host you gain access to all the technical support and machine repairs, network security, and competitive pricing for your electricity.
Alternatives to Bitcoin mining hosting.
If you don’t want to avoid the upfront investment in Bitcoin miners then you could opt for cloud mining. This is when you rent the processing power of machines that the cloud provider owns. However, this industry has had a bad reputation for scams as you cannot confirm for sure where your monthly fee is going.
If you are considering mining from home then check out bitcoin mining container prices below
So you’ve decided to get into bitcoin mining and you are thinking about buying a container to house your miners. However, finding the best price for a container can be challenging. Prices can vary widely depending on the manufacturer, size, power capacity, and other factors. In this guide, I will walk you through what factors you need to consider before buying a container and I will compare prices between the top manufacturers. Read more.