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What is a mining hotel? How do hotels for cryptocurrency mining work? Prices and reviews 825 670 621 173 The growing popularity of cryptocurrencies has led to the fact that an increasing number of people began to be interested not only in their purchase, but also in mining ( mining ). Crypto enthusiasts have created a huge demand for video cards, ASICs, power supplies and other components associated with the creation of home farms for the production of decentralized coins. Nevertheless, in the future they encountered a number of common problems for the entire community: equipment failure and the need for repair; network congestion, which does not allow increasing production capacities; huge bills for used electricity; constant noise, which disturbed either the crypto enthusiast himself or his neighbors, and led to conflict situations. These and many other inconveniences have led private investors to doubt the effectiveness of such a production model. This demand for new ideas was taken advantage of by entrepreneurs who launched fundamentally new types of use of capacities for cryptocurrency mining – cloud mining and mining hotels. A detailed review of cloud mining with the rating of the best services we published here , and in this article we will talk about how mining hotels work. What is a mining hotel? A mining hotel is a special room inside which the most effective conditions for the operation of equipment for the extraction of cryptocurrencies are created and maintained. The space in this room is provided to customers who install their mining equipment on rented areas. The main characteristics and bonuses that clients of such organizations can count on are: Stable connection to the electricity network and round-the-clock monitoring of its condition by the employees of the mining hotel. High power grid, which is sure to cover all customer requests. Constant control and support of the optimal indoor climate in the premises (the emphasis is on dry and cool air). Providing and monitoring an effective air ventilation system. Full fire protection and security systems that protect both the room and all the mining equipment that is in it. Implementation of an automatic fire extinguishing system that will fulfill its task even in the event of problems with the human factor. Insurance against damage and breakdowns of equipment from factors that are provided by the management of the mining hotel. Thus, mining hotels are the best solution for those who are interested in cryptocurrency mining, have the means to do this, but would not want to spend their time and energy supporting technical issues. How do mining hotels work and why are they needed? The working scheme of a typical mining hotel is extremely simple and straightforward. First of all, the client (the owner of the equipment for cryptocurrency mining) takes his equipment to the hotel. And the administration of this specific room takes on the task of supporting the proper conditions that are necessary for the normal functioning of the devices. Often, for an additional fee, the client can also order professional maintenance of their farms and ASICs. Thanks to this, he does not even need to visit a mining hotel. At least until he wants to stop working with the organization. In addition, sometimes mining hotels offer a service for those who do not want to invest in the purchase of equipment: it can be rented from the organization for a period of time. A good option for those who still have not decided on plans, but would like to try to accumulate a certain amount of cryptocurrency through mining. In this way, you can try whether the business in the field of digital money mining will go specifically to you, or you will quickly get tired and not worth a lot of investments. Benefits of mining cryptocurrency in a hotel Using mining hotels is extremely beneficial for those who do not have their own huge capacities and the ability to launch truly industrial production. The main advantages of renting space in these specific premises are: savings on electricity tariffs; lack of incidental costs for premises, their support, additional equipment, personnel, etc .; even a beginner in this field can start mining cryptocurrencies with the help of mining farms (great knowledge is not required, and customer actions are usually limited to paying rent and taking profits); the customer’s farm will be under round-the-clock security and vigilant supervision of technical experts and security services; fully resolved issue of conflicts and clarification of relations with neighbors; high-speed and stable internet of mining hotels, providing greater efficiency of the mining process; the possibility of remote earnings, because A mining hotel will not bind you to a specific place of residence (you can travel around the world for months, and the mining of your cryptocurrency will constantly and uninterruptedly occur in Moscow). Pluses are enough. In this regard, mining using mining hotels is one of the most promising areas of modern crypto mining. It is she who makes investments in mining truly accessible and massive. Tariffs and profitability of mining hotels It should be understood that there are no uniform tariffs for the country. The cost of hotel services for cryptocurrency mining very much depends on which city and where they are located. Nevertheless, certain average figures for some cities in Russia can be estimated: Mining in mining hotels in Moscow and St. Petersburg with a standard set of services will cost about 8,100 rubles per month on average. In the same Chelyabinsk or Nizhny Novgorod, about 4000 rubles are paid for the same help. In Ufa or Samara, the cost drops even lower, to an indicator of 1800 rubles. As you can see, it all depends on the region and the size of the city in which the service is launched. The profitability indicator will largely depend on the efficiency of your equipment, its relevance for the extraction of the selected cryptocurrency, as well as on the volume of electricity consumption. Comparison with other mining options Historically, the two main competitors of mining hotels are: cloud mining; mining using their own equipment in their premises. Let's discuss how each of these competitors is effective at the current stage of development of the industry. Cloud mining A mining option that many digital currency mining experts consider the best for most crypto enthusiasts, including the Mining-Cryptocurrency.ru editorial board. Cloud mining is the best cryptocurrency mining method that allows you to do this process without buying, preparing and launching expensive equipment. A cloud mining user gains the computing power of remote data centers, and systematically makes a profit from their work. As you can see, this option is very similar to using the full range of mining hotel services, but it is even simpler and more affordable for the average beginner in the field of cryptocurrency mining. Own equipment: GPU farms and ASIC Individual customization, support and use of GPU farms and ASICs for cryptocurrency mining is already a classic. But few will call it the ideal method for the modern beginner. Too many shortcomings are connected with it. First of all, these are : The need for a high level of technical and technological knowledge. The need for rental or purchase of special premises. Disputes with neighbors over the sound of the equipment, or the need to develop their own habits of noise, which is always nearby. The need for continuous monitoring of equipment performance. Many other problems that need to be solved quickly and independently. Thus, individual production, as it was, remains a very niche sphere, which is suitable only for units. The best mining hotels in Moscow The list of the best mining hotels in the capital is led by the following companies: HASHRATE RUSSMINING ITsoft Mineinvest; ECOS-M; Hotel Mining; IBMM BitHive The best mining hotels in St. Petersburg The best mining hotels in St. Petersburg are: BitCluster Hotel Mining; Bitrail; Bit processor; Cryptoindustry; 1GHS. Mining hotel reviews Most of the reviews from real users of mining hotels tell us that despite a slight decline in the market after 2017, using the services of such companies is still profitable, not as profitable as mining in cloud services , but still. The most comfortable hotel conditions for those who have money for an ASIC or a small farm from video cards, but have not found an adequate place to place them. Nevertheless, cloud mining is the best option for cryptocurrency mining for everyone who wants to try this type of investment for the first time, but still has not mastered many technical parameters, as well as operating and security requirements. Publication date 08/14/2019 Share this material on social networks and leave your opinion in the comments below.