Bitcoin Mining Hosting: 10 Crucial Questions to Ask Before Signing
Bitcoin mining hosting has become a necessary solution for many miners due to the high power consumption and heat generation of modern ASIC miners. However, this introduces new risks such as trusting a company with expensive hardware without physically visiting their facilities.
The industry has seen instances of providers facing issues, including US sanctions against Russia-based BitRiver in 2022, which left customer machines stranded. Additionally, Blockware Solutions was named in a federal lawsuit alleging it advertised '100% uptime' while one of its facilities sat curtailed for nearly two months.
To mitigate these risks, miners should ask the right questions before choosing a hosting provider. OneMiners, for example, publishes a 95% guaranteed uptime SLA with a calculation method and defined exclusions. They also offer a 7-year hosting warranty with technicians handling covered repairs on-site.