A machine turns electricity into a share of the bitcoin the network pays out each day. Where it runs decides what that bitcoin costs. See the machines.
What a mining machine does
A bitcoin miner (an ASIC) does one calculation, trillions of times a second. Its speed is its hashrate, in terahashes per second (TH/s); its thirst is its efficiency, in joules per terahash (J/TH). Every machine on the network competes for the same daily reward, so your share is your hashrate divided by the network’s.
Why electricity decides everything
A machine draws power around the clock. At home, electricity usually costs 12 to 30 cents per kWh, which on most machines costs more than the bitcoin they mine. Hosting puts the machine where power is cheap and reliable, which is why the same machine can be profitable at one site and not at another.
What hosting with us changes
You buy the machine and own it outright.
We ship, install, cool, power and maintain it at one of our sites.
It mines to a pool that pays the bitcoin straight to your wallet.
You pay a monthly invoice for the electricity it used, at the site’s rate.