Do you have any doubts about hosting mining and cloud mining while choosing mining products? Do you feel confused both 1 TH/s and 1 Set in contract details? Actually, it can be seemed as two kinds of mining types, hosting mining and cloud mining. Let me give you a brief but clear explanation about them.
What is Hosting Mining?
Without purchasing any hardware, you can start mining with hosting mining rigs. Most of miners start mining with a real mining rig, but it is not easy to select before mining and take care of its operation with electricity consumption and regular maintenance.
Now, OXBTC provides the hosting mining service which make home-miners more easier to mine with low power-consumption mining rigs. It is divided into two types, rig hosting mining and hash rate hosting mining.
Rig Hosting Mining
Generally, rig hosting mining supports the service withdrawal. At the moment users making an order, the purchased rig will be entrusted to the specific farm with all-around hosting service and professional rig maintenance.
Under this serving mode, users can obtain not only the actual mining profit but also the ownership of purchased rigs. Once withdrew, users need to pay for electricity fee, maintenance fee, management fee and other costs during the operation of rigs.
Hash Rate Hosting Mining
Hash rate hosting mining literally only for hash rates. Similar with rig hosting mining, once users purchased, not purchasing a whole set of rig, but a proportion of hash rate of a rig will be entrusted to the specific farm, enjoying hosting service and professional management as well.
Under this serving mode, users can not only obtain the actual mining profit but also own the share of the rig according to the proportion of purchasing hash rates to the total one. Without holding a rig, users only need to pay for electricity fee, maintenance fee, management fee and other costs according to the proportion of hash rates.
The Similarity and Difference between Rig and Hash Rate
The most difference between rig and hash rate hosting mining is the service withdrawal. But there is a little bit difference in service term of hash rate hosting mining.
If the hash rate hosting mining is for lifetime, it is available to withdraw miner. If the service term is limited, for example, BTC Antminer S19 160D, it cannot be withdrawn but users can get the share. If you are not clear about the service withdrawal, please pay attention to the FAQ under the contract details.
And the similarity is to apportion normal depreciation of rigs. Both of them apportion the normal depreciation among users of the same contracts. For example, if you purchased BTC Antminer T17+, you will apportion the depreciation with other users in this contract.
What is Cloud Mining?
Have you been clear about hosting mining? Now, let's turn to the cloud mining.
Different from the hosting mining, cloud mining means that renting rigs or hash rates from OXBTC platform within a fixed period to users. During the period, users who purchased can obtain the estimated mining profit and need to pay for corresponding electricity fee and management fee. Once the period is end, users cannot obtain any profit from purchased cloud mining contracts.
Under this serving mode, users do not have the ownership of mining rigs so that no need to cover maintenance fee, and get estimated mining profit according to the revenue. About the normal depreciation of rigs, hash rates will be replenished by OXBTC.
As a home-miner, leaving any hardware and software, you can enjoy mining without more technical steps. Take some time to distinguish mining types in OXBTC, at least you will not be misunderstood in selecting mining products.