Bitcoin Mining Community,
To be honest this has been a decision that we have been putting off making to see if the network’s unprecedented increased in difficulty would taper off at some point or at have the curve flatten a bit. As most of you know, we have been seeing rising at over 60% per month for a sustained amount of time. This has forced us to make a major change in our pricing model.
When we started this business we were miners dealing with the same issues that we all faced; electricity costs, cooling and secure hosting. We realized where the network was going with the mass deployment of ASIC mining hardware. We knew that independent and large scale miners needed a good option to help manage their costs of operation. This drove us to found the company. We thought about how we want to charge our clients for our services and we felt that a percentage of their output would work well because it helped align both parties incentives to get the most out of the hardware.
Initially we knew that difficulty was going to rise but we were not anticipating near-exponential growth. We have decided to move to a flat-rate fee hosting model for ASIC mining hardware. We literally watched our income get crushed while our fixed costs stayed the same and increased as more hardware has come under management. That is not a viable model long-term and we are determined continue to provide our high value service for miners.
We think overall this will be a positive change for everyone and allows for more flexibility. On top of that we are extending some options that has already gone well with some of our existing clients. One of the major ones is now we will allow clients to pay for their hosting in USD or BTC. We know that many miners would like the option to keep all their mined Bitcoins.
Next, to continue providing high value to our clients. No upfront prepayment requiredfor your hosting. Clients contacted and made us aware that other hosting outfits for ASIC hosting are asking for the hosting fee upfront for the length of their hosting term. Instead, we are offering discounted for prepayments on 3 or 6 month hosting packages.
Overall this model addresses the issues above and will allow us to continue to provide top notch service to our clients. Click here to see our new pricing.