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Frequently Asked Questions

6 FAQs

  • What is crypto miner hosting?

    To mine crypto currencies you need a mining machine. These are powerful, purpose built computers that work 24/7 working on the block chain to find the next link in the chain. These very power intensive machines cost a lot of money to run. RedX is in the business of  building facilities with access to affordable power and offer to host your machines so you can mine more profitably.

  • What are the long-term projections for cryptocurrency?

    The cryptocurrency market is projected to grow ten-fold by 2025. This decentralized form of money does not require a processor like a bank or credit card company (and their fees), offering major benefits over fiat currency or credit systems. Values may fluctuate, but they have continued to generate excellent value returns.

  • What are the advantages of colocation over cloud mining or running the equipment myself?

    Colocation is by far the most cost-competitive way to mine cryptocurrency. The increasing complexity of mining operations requires far too much power for at-home mining to be effective. Cloud mining requires high upfront costs that may never be returned. Colocation gives you the best opportunity to enter the market and scale your operations quickly and profitably

  • What types of mining equipment can Red X hosting operate?

    Red X hosting partners with the most well-known brands including Bitmain, AvalonMiner, DragonMint, PandaMiner, Innosilicon, GPU rigs, and more. Our facilities are built with the power and resources to handle almost any mining equipment.

  • Where are the Red X Hosting facilities located?

    Red X Hosting is headquartered in Redondo Beach, CA and owns colocation facilities in strategic locations around the North America. For confidentiality purposes, we don’t publicly reveal the exact locations of our facilities until you become a valued client.

  • How much does it cost for colocation services?

    Our cryptocurrency mining colocation services start as low as 10 cents per kilowatt hour. We can give you an exact quote based on the types and quantity of equipment you plan to colocate with us.

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