Hi all . My electricity provider is joking up the rates again which is really eating into my mining profits . I'm wondering how many people have used hosting services and what the pros and cons are
I never used a hosting service so can't help you much. Years ago I worked out some plans, and decided to go with an Ant-miner, and had even done so much as to get ready to have an electrician install proper hookups. Worked out venting solutions, and planned to even take advantage of this to heat my house. I even went so far as to try to make this as green as possible and looked at getting discounts to install solar panels all over my roof and yard. In the end, I decided it would still only cost money and never be profitable, but was going to go along with it anyhow just for a hobby and to possibly learn a few more things along the way. Then covid hit... so I never completed that order for the Antminer. Good luck, I think you'll need it.
I know I understand at current rates its cheaper to just buy btc just trying to stay in the game so to speak
That's what I'm doing short term but if I had a good option to use a Bitcoin hosting service instead of selling my miners I'd consider that too .