🛰️Mining hotels also run the risk

Mining contracts were designed to facilitate interaction with mining hotels, simplify the payment method, and reduce the risks of the agent (hotel) to non-fulfillment of its obligations exclusively. In contrast, the service fee and the contract itself already include all the agent's costs for mining.

We all understand what this has led to - the fee for the contract value is not transparent, unrealistic promises of profitability appear (most often unrelated to the extraction of their BTC by a real ASIC miner, users receive the extracted in USD, while they should depend basically on the formula:

"amount minted" - "cost of electricity"- "cost of maintenance" (if charged separately) = income BTC.

However, we still want to mine BTC + do not want to mess with our ASIC miner, and, most importantly, we want to trust the manager of our mining farm that he will not correct the basic numbers and will not raise the light fee today compared to yesterday.

In the case of a mining hotel, it is challenging to report on the equipment that is located on the farm. We cannot provide the client with full access to the mined funds. The client will be tempted to delay payment for electricity and maintenance, which is unacceptable if you are the owner of a mining hotel or a chain of mining hotels. As a result, drawdowns, cash gaps, shortages, and other troubles are obtained. As a result, mining hotels in Russia were closed more often than opened.