What people don't realize is that it is possible that the purchase of crypto currency mining equipment may seem to be cheaper with respect to cloud mining at first sight; still there are certain overhead and hidden costs related to the task of buying and ‘in real’ execution of the task of mining from a mining hardware. These overhead charges might alter the economics of crypto currency mining in a big way. For example, you need to pay the shipping costs, custom and excise taxes, value added taxes etc., as a part of the purchase cost of mining equipment. Also you need to invest your time in the delivery of crypto currency mining equipment as it may take substantial time and ‘time is money’. While with the case of crypto currency mining over a cloud mining facility like that of HashGains you will receive your hash power in an instant of your receipt of payments. Not an iota of delay!
Also you will need to purchase additional piece of equipment such as PSU which is an electric appliance which helps to match the electric supply statistics of your region or country. You also need to purchase control units so that the things get assembled properly.
In addition to this, you have to be a technically inclined person to benefit maximum from the crypto currency mining exercises done at home because the whole process requires tedious job of configuring and assembling of each and every of the parts. It often happens that people who are beginners in the field of crypto currency mining tend to underestimate the magnitude of labor and technical knowhow which is needed to be put; for making the device executable. It is often found that people who have never done crypto currency mining before, take up months even for the configuration of crypto currency. By delaying the opportunities you miss your time as well as your money.
Your electricity consumption bills might shoot up because these machines take up too much electricity. While, if you choose to mine from HashGains crypto currency facility which uses green energy for all its mining needs you would surely be at the profit side of the task.
Still we don't want to underestimate your technical as well as general knowledge; hence, we don't want to discourage you from trying your crypto currency endeavors at your home. People often come to us asking about the prices of our plans and compare these to the mining equipment costs. Hence, we would like to clarify that often people forget to add up the add-on costs which are to be borne by the customer if he chooses to mine at his home.