Bitcoin mining is one of the ways you can reap the rewards of the growing crypto market, but it’s also resource-intensive.
Mining hosting services make mining more accessible, and our team of crypto experts has rounded up the top options to consider in this space.
Comparison: Best Crypto Mining Hosting Service
| Bitcoin mining hosting service | What it’s known for | Pricing |
| ECOS | Best for affordable mining hosting | Contracts start at $150 |
| Compass Mining | Best for beginners | $500+ for mining rig, $200+ monthly fees |
| Frontier Mining | Best for mining analytics | Custom pricing, expect to invest at least $2K+ and monthly fees |
| Wattum | Best for large mining set ups | Custom pricing, $10K+ initial investment and monthly power fees |
| Galaxy Digital | Best for broader blockchain investments | Custom pricing, $10K+ investment |
| Miningstore | Best for customer experience | $7K for one year minimum |
1. ECOS
Best for affordable mining hosting
There are three types of crypto mining available through ECOS: buying an ASIC, renting a mining rig, or cloud mining. Application-specific integrated circuits (ASIC) miners are hardware devices created specifically for crypto mining.
ECOS handles the end-to-end process of buying or renting a mining rig, including equipment purchase, installation, setup, and maintenance.
If you opt for cloud mining, you select the plan that fits your budget and goals, add a payment method, and start earning crypto for as little as $150. You’ll start earning Bitcoin within 24 hours of setting up your plan.
The data center is patrolled by 24/7 security surveillance and receives regular maintenance.
Pros
- Multiple options for hosted mining
- Mobile app to monitor your earnings anywhere
Cons
- Popular contract options are often sold out
TLDR: ECOS has a variety of affordable, profitable options to get started with crypto mining.
More details
ECOS allows individuals and businesses to participate in cryptocurrency mining without purchasing and managing their own hardware. The platform provides access to mining equipment, infrastructure, and support and maintenance services. Furthermore, it offers different crypto wallets so users can invest directly on the phone without much trouble.
However, ECOS has received mixed reviews from users. Some claimed it is a positive and reliable mining farm, while some expressed dissatisfaction with low profitability and technical issues.
-
Low withdrawals
-
Flexible mining contracts
-
ASIC miner hosting service
-
24/7 customer support
-
Limited control of mining equipment
-
Limited information about the company
-
Technical issues
2. Compass Mining
Best for beginners
Compass Mining has mining farms across both the US and Canada, founded back in 2019.
This is a beginner-friendly platform with an easy setup and a minimal learning curve for their platform. Compass Mining’s tagline is “Now everyone can mine Bitcoin.”
Compass makes it straightforward to purchase mining equipment and set it up. They offer several mining rigs, starting at $2K, on top of monthly hosting fees starting at $200. There’s a certified reseller marketplace if you’re looking to save money.
They offer real-time performance monitoring, analytics, on-site security, and 24/7 customer service.
Pros
- Beginner friendly
- 24/7 customer service
Cons
- There can be delays from payment to set-up completion
- Need to purchase a mining rig outright
TLDR: Compass is a user-friendly, reputable option if you can invest in your own rig and pay the monthly fees.
3. Frontier Mining
Best for mining analytics
Frontier has two available hosting facilities in Colorado and South Carolina. Founded in 2017, it is a traditional colocation data center that also provides services for blockchain and other emerging technologies, such as ML.
Frontier helps you create a tailored mining portfolio aligned with your goals, purchase miners, access financing options, and deploy your miners.
They take a more customized, high-touch approach to mining hosting. You can expect to spend a few thousand on a solid rig and around $40 per kW per month used, but there are financing options available.
Pros
- Offer extensive consultation and guidance
- Powerful analytics
Cons
- No out-of-the-box option
- Higher price point
TLDR: Frontier is perfect for those serious about investing in Bitcoin mining and looking for extensive analytics.
4. Wattum
Best for large setups
Wattum has nine mining centers in the US, offering equipment purchases and hosting.
To get started, you need to request a custom quote and purchase a minimum of 5 miners. You can expect to invest upwards of $10K into your setup with Wattum.
Wattum charges $0.089 per kW, so be sure to account for your monthly usage when budgeting. They have a partnership with ViaBTC that allows you to pool your mining efforts with other customers.
Wattum boasts 97% uptime and 24/7 facility monitoring. Its platform is well-designed, user-friendly, and offers live chat support.
Pros
- Offers best-in-class miners and facilities
- Trusted, well-established provider
Cons
- Expensive option with a high barrier to entry
TLDR: Wattum is a solid choice if you have significant funds to invest in Bitcoin mining and are looking to purchase multiple leading miners.
5. Galaxy
Best for broader blockchain investing
Galaxy operates at the intersection of traditional finance and blockchain.
In 2022, they acquired Helios, their Texas-based hosting facility, from Argo Blockchain to enter the realm of mining hosting services.
Custom quotes are required for Galaxy hosting services, but there are financing options available. As with other custom mining hosting services, you should anticipate an investment of at least $10K. They publish a helpful annual report on the state of Bitcoin mining and the average costs, equipment prices, and returns.
Galaxy provides opportunities to continue your mining journey by investing in a portfolio of other hosting solutions like Compass.
Pros
- Blend Bitcoin mining with your investment portfolio
- High-quality mining hardware and infrastructure
Cons
- Requires a quote followed by set up, higher cost and waiting time
TLDR: Galaxy provides a unique opportunity to get access to top-tier hosting facilities and Web3 investment guidance.
6. Miningstore
Best for customer experience
Miningstore is an Australia-based Bitcoin mining hosting provider with an excellent reputation. While it largely caters to Australia, it’s available globally.
They have a marketplace of available Bitcoin miners with dedicated technical support and a user-friendly platform.
Mingstore offers full transparency into expected hosting prices and profits broken down by miner, based on their platform data and updated live right on the home page of their site.
They estimate the annual power cost to be $5K per miner, but the hardware itself impacts your investment and mining profits. For example, a $35K miner is estimated to earn you $90K per year in actual profit.
More affordable Bitcoin miners start at $2K, so you can opt for a less expensive entry or invest in larger profits. They offer a 10% discount if you schedule a meeting with their team.
Miningstore has great customer reviews, especially compared to other cryptocurrency mining operations, so it’s definitely worth considering.
Pros
- Transparent about costs and maximizing profitability
- Great customer experiences
Cons
- Requires a quote for higher-end miners
TLDR: If you’re based in Australia, Miningstore is the obvious choice, but it’s also a solid choice for the US.
What Is Cryptocurrency Mining and How Does It Work?
Bitcoin mining is essentially the process of lending computing power to create new Bitcoins.
New blocks need to be connected to the blockchain through solving complex cryptography, which requires significant processing power. The miners who contribute to solving it (more accurately, whose computers contribute to solving it) are rewarded with Bitcoin.
Why Use Crypto Mining Hosting in Your Mining Operations?
Mining has become more resource-intensive as the crypto world becomes more mature and Bitcoin continues to go through halvings.
To stay competitive in a much more crowded space, you need high-end equipment costs and complex infrastructure.
It’s not feasible to build your own facility, but hosting services give you access to Bitcoin mining. These mining operations have capital to set up a facility with proper cooling mechanisms, mining equipment, security, and support.
What We Consider When Selecting a Hosting Service
To curate this list of the top hosting services, we assessed various factors, including costs, profitability, security, physical location, and customer support.
Profitability & Costs
We consider the estimated upfront costs weighed against the expected profitability, which is based on how quickly the miner can hash and the amount of power it’ll consume.
We value transparency, so we looked for public pricing and profitability estimators and reviewed the fee structure.
Security
As with every guide we produce, security is top of mind when choosing hosting solutions. Mining operations require expensive equipment, so theft is a risk.
Network security is also a risk, including stolen funds. We ensure the hosting facility has up-to-date network infrastructure and advanced protocols to prevent and quickly respond to cyber threats.
Location
Some countries have a more favorable regulatory or financial landscape for mining operations, while others may have outright bans on crypto or mining.
Customer Support
Another feature of hosting solutions we look at is customer support, which is important throughout the purchasing process, installation, maintenance, and the entire lifecycle of your contract.
Getting Started with Crypto Mining Hosting
Miner hosting is the most realistic and convenient option for getting involved with Bitcoin mining.
The Risks Involved in Bitcoin Mining
Every investment comes with risks. Bitcoin prices can fluctuate rapidly and significantly, so be prepared for this market volatility.
There are also risks around security, whether theft of your equipment or of your digital assets. There’s the risk of regulatory and tax changes that can impede cashing out or maximizing your return.
What Are the Basic Requirements for Crypto Mining Hosting?
Miners cost anywhere from $1K to over $50K, and their hashing rate and profitability range greatly.
If you already own miners or find secondhand equipment, you need to pay to ship them to the facility. In this case, using a domestic location to host miners can result in significant savings.
Monthly service fees are also based on your unit’s power consumption, contract length, and local electricity rates. For larger mining setups, you can expect to spend a minimum of $50 and upwards of $1K.
Advanced Mining Strategies
If you’re looking to get deeper into Bitcoin mining, there are more advanced strategies to explore and weigh as options.
Pool Mining vs. Solo Mining
Pool mining offers a chance to combine your computing power with other miners to increase your hash rate and profitability.
Payouts should be proportionate to each miner’s hash rate, and this data should be made available to the entire pool.
Pools can further capitalize on the benefits of hosting solutions by collectively investing in security, support, infrastructure, and negotiation power.
Overclocking ASIC Miners: Weighing the Risks Against the Benefits
Another method to try to maximize profitability is overclocking, which means pushing the limits of your miner’s performance to try to earn more crypto.
One method is to install a new power supply to deliver more electricity, allowing the miner to operate at a higher clock rate. Another strategy is customizing the firmware to provide increased control over the hardware performance settings, including clock speeds, voltage, and fan speed.
One risk with these methods is potential hardware damage since overclocking can cause overheating. Overclocking also increases electricity costs and hosting fees while putting more stress on your mining hardware.
FAQs
Yes, mining crypto is safe as long as you’re using a high-quality miner and hosting your hardware in a secure, well-maintained facility.
While Bitcoin mining has become more expensive to do effectively, it’s still profitable if you have money to invest in it up front and choose reputable mining hosting services.
Hosting involves purchasing miners, renting rack space in a data center, and paying for monthly power consumption and any additional fees.
ECOS is the best hosting service if you don’t want to invest a lot in mining, and Miningstore is the top option if you do want to purchase rigs.
Miner hosting varies greatly in cost depending if you’re purchasing or leasing equipment, how many miners you purchase, power consumption costs, and any maintenance fees. It can cost anywhere from $150 for a small cloud mining contract to well upwards of $50K.
