If you are like me, you get excited about the prospect of joining the community of bitcoin miners. First, you realize that whatever compute capability you already have is woefully insufficient to make it worth the effort. Then you start shopping for "miner" system and get sticker shock. If you are thorough, you start looking at how much power it will consume (and your cost to provide it) and your great idea dies the painful death of many a great idea.
What if there were another way where someone has done all the homework for you and set up a platform and model that takes out of the equation most of the "scary" part of getting started mining. That is what I found when I stumbled across the Giga-Watt team in the US state of Washington. They set up shop in a location and jurisdiction where they have abundant, low cost power and combined it with deep experience setting up highly efficient facilities to accommodate the needs of the mining community.
No, this is not some marketing pitch - I don't get a penny out of it. I just got excited when I found the prospect of setting up a small mining operation that won't take years to pay for.
You can check them out at https://www.giga-watt.com.
You also may want to check out their ICO as an alternate way to get plugged in.
Cheers,
Lance
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Is it as profitable as genesis or hashflare??
As I have to go off the published fees for all the services, Genesis looks to be almost 3x the upfront cost of Giga and HashFlare at 2x the cost. That immediately means that a longer time to recover cost before profit. Not insanely huge, but enough to cause me pause. (I used Ethereum mining for comparison as it is currently available on all three platforms)
If we also factor in that both those services are contracts with a defined end date (2 year and 1 year, respectively). While you could argue that a hardware refresh every year or two is necessary, I would rather be able to get additional life out of a mining rig that is dedicated to me with no expiration date.
With those two factors considered, Giga Watt appears to offer a more profitable platform, due in part to their delivery model.
thank you for supporting me with a vote on my comment on my post. : 0)
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