U.S.-based crypto mining management company Wattum has recently partnered with data center operator Enegix to expand hosting availability at their Kazakhstan Bitcoin mining facility by 8MW.
Based in Kazakhstan, a nation that is home to a whopping 4,000 MW electricity surplus, Enegix’s data center is already one of the largest in the world, with plans to increase its capacity by an additional 500 MW in 2021. Based in an ideal shipping location, the country also presents a low 12% import value added tax (VAT) alongside import options as low as 0%. The fully compliant facility is optimized for safe mining operations thanks to an ideal climate for air cooling, on-site ASIC repair availability, and on-site personnel accommodation. Giving equipment owners peace of mind, the high-voltage infrastructure is protected by video surveillance and armed security. This facility was built to provide premier hosting opportunities for miners, which Wattum customers can now take advantage of.
Wattum’s Hosting Growth
As one of the leading providers of mining equipment hosting and maintenance services, Wattum offers the lowest prices for facilities within the U.S., Canada, Russia, and now Kazakhstan. Boasting a minimum of 99% equipment uptime, uninterrupted network operation, and uninterrupted power supply, Wattum is synonymous with reliability. Monitoring is provided by on-site technicians with 24/7 customer support. To ensure you get the maximum lifetime out of your mining equipment, Wattum’s specialists carry out routine maintenance and diagnostics of mining equipment. They also monitor mining equipment control of current conductors using a thermal imaging device, alongside routine visual inspections by certified technicians.
Declining Global Hosting Availability
With tightening regulations leading to a precarious Bitcoin mining climate in China, the global leader in hashrate production, many miners have looked to other regions with lower risk to host their mining hardware. This has resulted in an increased demand for credible hosting facilities around the world, particularly those headquartered in the U.S. Through this partnership with Enegix to increase available hosting space, Wattum is an American-based company taking proactive steps to ensure that its customers have ongoing access to secure, reliable hosting at competitive prices, even in an ever-changing global regulatory landscape. Wattum offers a variety of services such as new and used equipment sales, hosting, management, firmware, and mining pool opportunities.
An Investment Opportunity that Pays for Itself
With these shifts in the global playground of crypto mining gaining widespread recognition, developments have already been seen in the demand for mining equipment as participants from all over the world recognize the lucrative investment. While the current market price of Bitcoin sits at nearly $40,000 at the time of writing, purchasing a rig for under $10,000 and mining Bitcoin allows you to invest smaller increments every month whilst getting a significant return on your investment. Mining equipment is fully depreciable on your tax returns, and since it’s typically priced at a 12-month payoff from the current Bitcoin price, the period of time that it takes to pay off your equipment will decrease should Bitcoin prices increase, as they are now.