Investing in Cryptocurrency vs. Mining Equipment
Buying Cryptocurrency vs. Mining Equipment: It’s vital to keep in mind that mining cryptocurrency is possibly riskier than trading it.
One of the easiest ways to dip your toes into the world of cryptocurrencies is by purchasing tokens (or fractions of tokens) directly from a centralized exchange. These days, with a few quick taps or clicks you can become the proud owner of a wide variety of cryptocurrencies and trade (or hold) to your heart’s content. But wouldn’t it be great if you could cut out the middleman and begin generating the tokens yourself?
While the initial investment for a mining machine setup may seem high, its cost can end up being much less expensive than purchasing crypto tokens at their market price. Additionally, the value of your mined tokens can easily offset the cost of your mining hardware purchase in a relatively short period of time. The best part? Once you’ve began your mining journey, all you have to do is sit back, relax, and watch as the passive income comes rolling in. Since you own the mining equipment, the mined tokens are yours to keep and do with as you please, whether you’re a long-term “hodler” or looking for quicker swing trades. It’s that freedom that makes investing in a crypto mining machine or mining plan the gift that keeps on giving!
Buying Cryptocurrency versus. Mining Equipment: What’s the Difference?
So you may be wondering, is it better to do all the hardware mining myself at home, or should I go through an Internet Data Center (IDC) company? While hosting your own equipment is certainly an option, most homes don’t have the resources nor stability that an IDC offers. Additionally, operating a Filecoin mining machine independently isn’t for everyone. You’ll need to know Linux or Mac OS as well as how to use Lotus applications.
IDCs are specifically designed to provide an optimal environment for mining equipment operation and provide strict environmental controls, stable power sources, and Internet connections, as well as backup power and equipment in the event of an emergency.
Cloud Rush is proud to partner with Cyxtera, the second-largest data center in the United States, as our IDC of choice.
We strive to offer unbeatable prices and service, using only the best mining equipment and providing experienced technicians on call 24/7 at our Internet Data Center (IDC) Cyxtera to maintain your equipment and take care of any issues, should they occur. Additionally, for your security, Cyxtera’s LAX3 data center has 24/7 video surveillance/90-day video storage, two-factor authentication required to access, a biometric scanner and badge readers, as well as additional security features.
Cloud Rush USA vs. Other Cloud Mining Platforms:
With Cloud Rush, you’re purchasing the actual equipment to mine cryptocurrency. Conversely, with a traditional cloud mining platform, you are only purchasing the computing or storage power necessary to create the cryptocurrency coins or tokens.
If you are on our 512TB or 1PB plan, upon request you can take possession of all your mining equipment after the 5-year contract has come to an end. For all other plans, the storage drives are yours to keep, though Cloud Rush will not provide a warranty on used equipment.
Top Filecoin Miners California Info
Contact Cloud Rush USA for more information.
Cloud Rush USA is a Southern California based cryptocurrency mining facilitator specializing in Filecoin mining plans. The views and opinions expressed on this Site are solely those of the author(s) and do not necessarily reflect the views of Cloud Rush USA or its employees. The content provided on this Site is for informational purposes only and should not be construed as investment, financial, or other advice.
Cloud Rush USA
1 Pointe Dr. Ste 530
Brea, CA 92821