Cryptocurrency is a computer-generated monetary system. It’s created by specialized, powerful computers called “miners,” which compete mathematically to secure “transactions.” The transactions are bundled into a “block,” which the cryptocurrency miner digitally verifies to assure the validity of all transactions. The miner computes a “cryptographic hash,” a computerized method to ensure the block’s validity and prevent invalid block construction. Blocks are accumulated and accounted for in the blockchain, functioning as digital ledgers. Miners are rewarded for their transactions with a set amount of cryptocurrency.

Colocation is by far the most cost-competitive way to mine cryptocurrency. The increasing complexity of mining operations requires far too much power for at-home mining to be effective. Cloud mining requires high upfront costs that may never be returned and no rights to the hardware. Colocation gives you the best opportunity to enter the market and scale your operations quickly and profitably.

MiningStore partners with the most well-known brands including Bitmain, AvalonMiner, DragonMint, PandaMiner, Innosilicon, GPU rigs, and more. Our facilities are built with the power and resources to handle almost any mining equipment.