I've done some crypto mining in my time but not enough to call myself a miner. I used to have some GPU's churning away mining the coins of the day, mostly Ethereum in those days, all the while eyeing those fancy ASIC's that were so much more efficient and could get me those coveted BTC satoshis directly.
Of course they cost more than a GPU which make them a higher hurdle to get but they also have a less forgiving power draw which makes them less than ideal for home use, especially for people that aren't electrically savvy.
This want has followed me for years now. I want to take part in getting those mining rewards but I also like the idea of taking part in running the network. Now, considering the aforementioned problems that accompany an ASIC in your home, I've decided that to get my ASIC mining journey going I will use a hosting service. I came across Musk Miners that both sell and host the machines and their prices don't seem crazy. An S21 goes for $5600 at the time of writing and they charge 8 cents per kWh for their hosting which is less than my electrical rates. So far, so good.
To make a long story short, I decided to stop thinking about it and just try it out. I bought the machine and I asked them to run it for me. It is now up and running and the next few months I will be evaluating whether this was a good move and if I should add more miners.
Have you used a hosting service? Did you like it andwas it worth it?
My thoughts on Crypto.com which I think are still valid
Musk Miners ASIC hosting
By drazil | Amateur crypto | 29 Feb 2024
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drazil
Interested in a multitude of things from crypto to all kinds of games.
Amateur crypto
Trying to make some sense of the crypto world and how to get your hands on some coins.
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