The Bitcoin Boom and How Cryptocurrency Hosting Services in Miami can help
Many cryptocurrency miners turn to cryptocurrency hosting services in Miami to help them widen the scope of their operations. This will additionally assist them with driving profits, and ensure their resiliency.
The lucrative potential of cryptocurrency mining is an opportunity that is captivating a massive number of users. These range from general hobbyists, to enterprising individuals with their eyes on a prize.
Cryptocurrency mining participants or “miners” essentially wield responsibility for processing cryptocurrency transactions utilizing purpose-built mining hardware. These rigs ensure that every transaction is recorded swiftly, efficiently, and accurately in a public ledger that the industry calls a blockchain.
This process is exorbitant regarding computational power and energy consumption. Nonetheless, a participant is rewarded for their time and effort with whatever crypto-coin they choose to mine. The more time these people spend mining, the more money they stand to make. Downtime is something they avoid at all costs.
In order to achieve maximized profitability, miners run their rigs 24 hours a day, 7 days a week. This also means requiring non-stop access to a reliable, dependable power source, as well as reliable high-speed internet connections.
These demanding requirements create a need for cryptocurrency hosting services in Miami, and for many companies, this colocation is a dream scenario.
The Bitcoin Gold Rush
Bitcoin represents the most well-known, popular, and high-profile example of a cryptocurrency. Designers invented Bitcoin in 2009, with continually increasing users and popularity ever since. As the popularity of Bitcoin increases, so too does mining interest, as well as a need for reliable cryptocurrency hosting services in Miami.
Many miners at the hobby level want to scale up their operations in the attempt to secure a significant profit. However, other investor-backed businesses are also getting involved.
As miners progressed from using standard home computers to application-specific, power-hungry rigs, they began looking for other resources that might better suit their needs. This evolution is due to the necessary computational processing power needed to compute the complex calculations a cryptocurrency solution requires.
A cryptocurrency mining rig is measured using a hash rate metric. This determination tracks the computation amount per second that the hardware can accomplish. These calculations help contribute to the supply of new cryptocurrencies, in addition to achieving solutions that aware the valuable crypto-coins. For this reason, the higher hashrate, the better.
For this reason, miners require improvements to their hardware. This power and computation potential directly influences how much money miners can make. However, this computing power comes at a price and represents the largest detriment against profitability.
Managing Cost against Profitability
Miners remain competitive by staying on the cutting-edge of efficiency. This efficiency ultimately correlates to profitability. However, every miner reaches a point during their endeavor where they question the value in further upgrading their hardware. This often comes down to how quickly a miner feels they might recoup their investment.
Hardware investment is not limited to just what resides inside of the rig. As rigs get more and more powerful, they demand more and more electricity to feed their hunger. Additionally, this situation cultivates an extremely hot environment for the hardware.
This cost is twofold for a cryptocurrency miner. Not only do they spend exorbitantly to feed their machines with power, they additionally must invest in cooling and ventilation to ensure the machine stays cool.
Improperly managed equipment will naturally result in premature to catastrophic failure. It is extremely difficult to maintain a profitable mining investment when you force yourself to replace hardware consistently due to improper cooling and ventilation.
This is where cryptocurrency hosting services in Miami step in to fill a necessary void. These facilities offer a safe, secure, controlled environment the enables miners to operate their equipment full-time. Many provide thermally-controlled provisions, as well as round-the-clock security. This is in addition to reliable power and networking connections for a flat fee.
Cryptocurrency Hosting Services in Miami from Crypto Realm
Crypto Realm is a cryptocurrency hosting provider located in the Miami area. We serve the South Florida community as a resource for their cryptocurrency needs. This includes training and hardware provisions, in addition to the opportunity to operate their equipment in our hosting datacenter.
Through our training provisions, we can help you go from possessing a tertiary interest in cryptocurrency to imparting a knowledge mastery in the cryptocurrency field. We extend this preeminent offering to our hardware selection. We only provide the absolute best in regards to cryptocurrency rigs, and hardware offerings.
The Crypto Realm store offers both ASIC and GPU-based mining systems capable of mining the most popular cryptocurrency coins. Of course, this includes Bitcoin and Ethereum, however, you can employ our equipment for Litecoin and other crypto-coins as well.
Our goal in any service we offer our customers is helping them get the most out of cryptocurrency, regardless of where their initial interest may lie. We take this dedication to service one step further with our penultimate hosting solutions.
You can contract a hosting slot in our secure, reliable, and thermally-controlled facility. This ensures that your machine(s) run nonstop, providing you with the best possible chance of securing a transaction. Crypto Realm assures that our facility is safe, letting you engage in daily life while your hardware works away at securing your profit in a monitored environment.
For more information on cryptocurrency hosting services in Miami, contact Crypto Realm’s expert team of professionals today!