Hosted mining, as the name suggests, is to authorize mining farm administrators to help you host the mining machines, which is simpler than the “individual mining”. What you need to do is to find reliable mining farm administrators, and sign the contract with them. After that, you can purchase mining machines directly from them and ask them to manage and operate the machines for you at the same time. Then you can receive the corresponding mining profits every day.
This mining approach means that you pay the machine fee and the regular electricity fee to mining farm administrators, while they are responsible for all your mining needs including manpower and material resources.
Besides, if you have your own mining machine purchasing channel, you can send your machines to mining farm administrators directly and only pay electricity fees regularly.
Basis for choosing mining farm administrators:
1) The cost of electricity (generally between 0.2 to 0.4 CNY, the lower the electricity fee, the lower the mining cost)
2) Potential risks of mining farm administrators (operation ability and integrity degree)