People are always looking for ways that they can mine Bitcoin while reducing their costs. One of the ways that some have tried to do this is by using a VPS, or virtual private server. However, most of the miners that you talk to will tell you that the only true and viable way to make a real profit with Bitcoin today is with an ASIC miner, and that VPS options are not going to work well at all. In fact, you will find that many of the companies that offer VPS will not allow this type of activity and will end up banning your account.
However, for those who want to try working with a virtual private server for their mining needs, there are some options out there. If you are not quite ready to invest in an ASIC machine, as they can be expensive, then you may want to work with what is considered the best in this field.
This company offers Bitcoin VPS hosting as an option, and they have a range of features and benefits that might appeal to you. The setup tends to be fast and simple with this company, and you can choose to operate from the United States, Europe, or Asia. The VPS is private and anonymous, and they have a guaranteed uptime of 99.99%. They also have a 15-day moneyback guarantee, which can be helpful for those who want to try it out.
The company offers premium bandwidth, fast SSD drives, Xeon processors for fast computing power, extremely fast deployment so you can get up and running quickly, and the ability to easily manage the VPS through the console.
In addition, the company can provide quality customer support around the clock. Having great support is important, especially for those who are new to this endeavor and who have questions about their system and getting everything up and running properly. The company has a range of options in terms of scaling. You could start with just a single processor and then expand all the way up to eight if you choose.
The current price for a single processor is $39 per month, while having eight processors would cost $209 per month. The more processors you are using the more cost effective it can be.
However, you will always want to make sure that you are going to be able to make a profit no matter how you are mining the Bitcoin. You will need to determine how much you can make over the course of a year and then compare that with how much you might be able to make with an ASIC machine. One of the advantages of the VPS mining operations is that you will not have the initial cost of an ASIC machine, which is one of the elements that drives many people away from Bitcoin mining in the first place.
Should You Consider an ASIC Machine?
While some may have luck when it comes to using a VPS, most will find that working with the tried and true ASIC miners is going to provide better results. It does take more work on your part, and you will need to house the machines yourself or work with a datacenter, which tends to be the better option. They initial cost is high, and you will need to replace them with faster machines over the years. However, most of the miners today will agree that the ASIC miners are going to give you more profit overall, and that’s likely what you want.