Hosting Fee

This is the fee for hosting your equipment. This fee covers:

  • Electricity
  • Internet
  • Security
  • Insurance
  • Software Maintenance & Upgrades
  • Other Utilities
  • Customer Service
  • Building Rent
  • Building Maintenance

We have an innovative way of handling the hosting fee. Instead of paying a monthly fee by credit card, you pay nothing.  You simply give us permission to mine percentage of time on your hardware for ourselves.

We feel this is a great solution for our customers because it eliminates billing and issues with unpaid bills. If there was a problem with your credit card how would we handle it? It is your equipment after all. Do we turn it off and stop mining? Not with this solution! Every day we mine direct to your wallet address.  This provides transparency so you can see your stats for each of your rigs just like you were running your own rigs at home.

Hosting fees are scaled by how much equipment you own. The more equipment you purchase from us the lower your monthly fee and the more profit for you!

  • 1 – 5 GPUs are: 30 %
  • 6-23 GPUs are: 27.5 %
  • 24+ GPUs are: 25 %

PLEASE NOTE: Hosting fees are changing. We’re moving away from the “time” business model to charging a flat fee per GPU or ASIC miner. This pricing change will take effect in August 2018. See the new co-location hosting fees here.

Residential mining in some areas may cost as much as 30-40% for electricity services alone! It all depends on your location as well as the rate plan you are on.  Some states like California will have higher rates than a state like Texas or Washington.

We’re based in Austin, TX.  Texas is one of the cheapest states for energy in the country. We have power from three sources: hydroelectric, coal, and natural gas.  We also now have a lot of wind farms in West Texas and one of the world’s premier renewable energy companies is headquartered right here in Austin.

By | 2018-06-20T12:17:31+00:00 August 23rd, 2017|6 Comments

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6 Comments

  1. Mike Piehl September 14, 2017 at 4:55 pm - Reply

    Please let me know when we are able to purchase. I’m very interested.
    Thanks,
    Mike

    • benfitts September 15, 2017 at 5:10 pm - Reply

      Hi Mike.

      Long time no chat. How are you?

      We’re signing up a few test customers now with the plan for the “launch” in early October.

  2. David Ermer October 10, 2017 at 10:25 pm - Reply

    Have you factored in personal business property taxes for Texas?

    • benfitts October 10, 2017 at 10:31 pm - Reply

      I think you misunderstand.

      You own the equipment. You merely pay me rent for hosting it.

  3. Chris October 23, 2017 at 11:06 pm - Reply

    Is this still the hosting fee?

    Hosting fees are scaled by how much equipment you own. The more equipment you purchase from us the lower your monthly fee and the more profit for you!

    1 – 5 GPUs are: 30 %
    6-23 GPUs are: 27.5 %
    24+ GPUs are: 25 %

    • benfitts October 23, 2017 at 11:44 pm - Reply

      Hi Chris,

      That is still the hosting fee. I haven’t changed the fees.

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