Farm to Miner: The Silver Lining in Crypto Mining

By Cory Hammer and Crystal J. Milburn

Farm to Miner: The Silver Lining in Crypto Mining 

2022 has been a hectic year for companies in the crypto space - that’s putting it politely. With the euphoric market peak in November 2021 now officially one year past, the consequences of overleveraging are now in the spotlight. From lesser-used lending platforms like BlockFi and Celsius to supposed industry juggernauts like FTX, even some of the most powerful players have been unable to weather the dramatic downturn in market price action. Needless to say, the bubble has popped (or is popping) which paves the way for legitimate companies to emerge (and be created), not unlike the dotcom bubble.

With the current state of affairs, we would like to take the time to shed some light on our own fiscal situation and outlook for 2023 and beyond.

Slow & Steady

While overleveraging is not unique to crypto, the volatility of the underlying assets can result in much graver consequences than in other industries. For this reason, DC Mining maintains a strict policy of operating in the black and taking on as little - if any - debt when financing our operations. This allows our clients to maintain the peace of mind that they may not have experienced had they opted to work with other mining companies. Make no mistake, we have big plans for 2023 as far as expansion goes, but with the long-term sustainability of our business model as a top priority.

Managed Hosting Hardware Mining

DC Mining is not a startup founded in an undisclosed location. We have not solicited obscene amounts of venture capital with a pitch deck. DC Mining began as an offshoot of a successful electrical construction company, MDI Access, with a long history of building top-tier data centers from scratch. Our operation focuses on leveraging our core competencies to deliver value to our clients day after day. We make our money by providing and maintaining the infrastructure you need to get your miners hashing faster for longer. We focus on making our operation (and by proxy, our clients’ operations) sustainable. We do so by seeking out renewable energy sources, implementing energy-efficient cooling systems and negotiating the lowest possible rates with our power providers.

Physical & Digital Security

As Bitcoin and other cryptocurrencies rise in price, so does the equipment used to mine. Whether you trust us with one machine or one thousand machines, you can be certain that your mining equipment is safe at a DC Mining facility. Our premises are under video surveillance 24/7, and our mining pod doors are always locked. Any mining rig that goes in or out of our doors is logged and accounted for every step of the way. Your property is always accounted for.

We are not a cloud mining service. We do not host wallets that hold your coins, we do not have full control of our pools and we certainly do not have the ability to freeze your earnings. What we do is host your machines, just the same as you would at home, but in our air-filtered and temperature-controlled environment. It is impossible for us to intercept any of your coins as they are mined. We also have IT staff on the job routinely updating our security procedures to make sure that unwanted access to your mining equipment is impossible.

The Silver Lining

That’s enough about us - let’s talk about the market. While we aren’t in the business of giving financial advice, we can talk about some relevant facts. Right now, mining equipment prices are at a low point. For people who have been interested but didn’t want to take on the risk of buying during the bull run of 2021, now might be a good time to reevaluate the pros and cons. We don’t know when crypto will have another bull run, but we do know that historically, those who have navigated the uncertainty of the bear market have profited immensely.  Just like dips in the stock market, crypto will bounce back. 

If you have the funds and patience, this could be a very good time for you to ride the wave. Keep in mind that, unlike investing in mining, investing in crypto is finite. In other words, the amount you buy is all you’ll have (one coin will only ever amount to one coin). Whereas investing in mining, especially when the price of ASICs and other mining equipment is at an all-time low, gives you the opportunity to amass more coins. 

That all being said, all business is risky. Now that the dust is settling after a long year of declining asset prices, we’re in a better situation to evaluate who the trustworthy crypto mining parties are. We’re looking forward to showing you that DC Mining is one of those trustworthy parties. If you’re interested in learning more about our managed hosting services, let’s chat!