What is Cryptocurrency Mining?

Cryptocurrency mining is the competitive process that verifies and adds new transactions to the blockchain for a cryptocurrency that uses the proof-of-work (PoW) method. Miners can ‘pool’ together resources to maximize their computing power to increase the likelihood of winning the competition. As miners win the competition, they’re rewarded with some amount of the cryptocurrency; if the miner is part of a pool, the reward is split evenly based on contributed computing power. Cryptocurrency mining also consists of handling transactions which result in receiving transactions fees for the computing work provided to the decentralized system. Cryptocurrency mining comes in many shapes and sizes depending on the specific cryptocurrency being mined.

Why do many of the largest cryptocurrency miners choose North America for hosting their equipment?

North America offers some of the lowest energy costs in the world and is home to some of the largest green energy power plants available on the planet. North America has many locations with very consistent weather conditions and reliable power grid systems making it easier to maintain high uptime percentages. North America is well established both Nationally and Internationally for business & trade which reduces many risks that might come from countries with less stringent and established business regulations.

Cryptocurrency mining rig hosting services in North America.

Choosing a location for hosting your mining rigs might be the biggest decision you make, aside from purchasing the actual mining rigs themselves. North America is arguably the best and safest place to host your mining equipment. All the cryptocurrency mining rigs we host are located in North America, specifically, the United States of America. Make sure you’re comfortable with the country you choose for hosting your cryptocurrency mining rigs.

<– Back to ASIC Hosting