What Is MonBit?

MonBit is a company located in Mongolia that offers fully managed Bitcoin mining services at low rates compared to the market. The main aim of the company is to build an infrastructure for a completely decentralized future. The services offered by MonBit are fast and reliable. The company has a team of professionals that handles all paperwork when it comes to the importation of the equipment all through the Mongolian custom on behalf of the client.

Mongolia as a country has a variety of positive attributes that supports the hosting of cryptocurrency mining rigs. The country has cheap electricity and land, while its climate is extremely cold preventing rigs from overheating. It is also in close proximity with China, which makes it have a positive view on blockchain.

The pool used for mining is as per the client’s request. Hence, they give the best as specified by the client. The support given by the company includes the installation of rigs as well as a continuous management with onsite staff that always oversees operations all day long. The staff conducts routine maintenance including cleaning and firmware updates. The company aims at maximizing the operational lifespan of the rigs that their clients host with them.

The facility maintains a variety of cooling measures to ensure the equipment works well. Inwards, it contains a constant cool airflow powered by high-volume industrial fans. Outward the facility, there is availability of ventilation fans and tubes that draw out the heat released by the mining rigs. Besides, it comes with a deflector on the rooftop of the facility that ensures consistent circulation of air within the facility.

The company hosts all Bitmain ASICs machines in its facility and clients can easily mine any type of coin as long as their mining machine supports it. The client can monitor their rigs since the company provides remote access software that the client uses to check each of the rig's hash rate or temperature. The monitoring can also be done through the mining pool that the client registers in.

The MonBit clients are assured of the reliable and efficient service that the platform provides. The mining equipment is sent directly to the platform's facility based in Ulaanbaatar, Mongolia.

The platform contains in-house monitoring software and an automation system that ensures profitability of the clients through making sure that the rigs are hashing optimally.

The entire facility contains a total surveillance system with the availability of installed cameras both indoors and outdoors. There is also the presence of security personnel at all times onsite.

The platform's aim is to be 100% transparent with the services that they offer, thus encouraging the building of partnerships that last longer with their clients.

In order to work with the facility, there is an initial setup fee of $50 is charged to clients, which may vary depending on the machines that the client hosts in terms of quantity. The hosting fee works such that the clients choose the package they want from the list provided and pay accordingly for it. Clients pay before mining starts by the machines for the packages that are prepaid.

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