How does hosted mining work?
You buy a machine, or buy one through the host, and it goes to their site instead of your home. The host plugs it in, keeps it cool and connected, and points it at the pool and wallet you choose. You watch it from your pool’s dashboard.
Hosts usually charge an all-in price per kWh the machine uses. Contracts often add a minimum term, a setup fee or a deposit, and fees for repairs.
What does hosting cost for one machine?
An Antminer S21 draws about 3,500 W, which is 84 kWh a day. At an example hosting rate of $0.07 per kWh that’s $5.88 a day, or about $176 for a 30-day month. That runs whether or not the bitcoin the machine mines covers it, so hosted miners compare it with the live hashprice.
Many hosts can switch machines off when the local grid is short of power. That can lower your bill, but the machine mines nothing while it’s off.
Hosted mining vs cloud mining
With hosting you own a specific machine with a serial number. You can sell it or ship it home, and if it breaks, that’s your problem to solve with the host. With cloud mining you rent hashrate for a time and own no hardware at all.
Before signing, check who owns the machine if the host goes under, how uptime is measured, and who pays for shipping and repairs. The CloudMineCrypto app is simpler: a plan gives you hashrate for a set time with nothing to buy or ship. It doesn’t give ownership of any machine or pool.
Sources
- Bitcoin miner catalogue and specifications · Bitmain (manufacturer)
- Cambridge Bitcoin Electricity Consumption Index · Cambridge Centre for Alternative Finance
- Mining hardware comparison · Bitcoin Wiki
Live figures on this page come from the CloudMineCrypto API and public chain data, refreshed regularly, and are labelled where they appear. Educational only, not financial advice.