Can Cryptocurrency Miners have a Vacation?

Can Cryptocurrency Miners have a Vacation?

The summer is here. Unlike last year when vacationing wasn’t an option even for those who could, now is the best time to get a bit of that vitamin D in some peaceful location. But, for those used to the sound of GPU and CPU machines mining, there is a question if cryptocurrency miners can have a vacation at all?

Generally, there are three core questions that you will need to address:

  1. Is your equipment safe?
  2. How do you protect from hacking?
  3. Can you maintain your machines?

For large companies that mine for crypto, this is not an issue. Someone will always be home to check on the machines and fix anything that needs some attention. But if you are just one person with a sizable operation that you maintain yourself, things become a bit tricky.

There is always an option to take that L and switch off the rigs while you are away; few people like that option. The other option is to allow access remotely and to have at least one trustworthy person to do physical maintenance and security.

Thankfully, the latter option is possible with premium VPN providers like Le VPN. If you know how to use a VPN, you can connect both your device and the mining rig to the same server and enjoy safe and encrypted access for you and only you.

The Machines are Working 24/7

Can Cryptocurrency Miners have a Vacation? | Le VPN

A lot of people will say that mining crypto is not gambling but rather math. This would mean more if gambling wasn’t math, to begin with. You don’t want to take the rigs offline for the same reason you don’t want to get off the slot machine, as someone else will take your win.

Solving problems in the blockchain is a very tricky process, and if you want to stay in the game, you need to be ahead of everyone else. The fewer flops you waste, the better your profit margin will be.

Depending on the size of the rig, you can have parts of the system cooling while others are working. This will ensure the optimal lifecycle of the machinery and reduce your amortization.

For high-end miners, creating a minor construction project where you will use a lot of water to keep the optimal temperature (and even power the rig if possible) is the best way to go. Such a self-sufficient system might be the only way for you to go on a vacation.

There Is an Option to Work Remotely

You can operate and oversee your mining operation remotely. As a matter of fact, many miners don’t own any components but rather rent them from companies that are on the high end.

But, even if you have your own rig, you can always use a remote desktop to change the parameters if you need. This way, you can be anywhere in the world and operate your miners from the comfort of your mobile phone.

This option has two issues, as both your phone and your rig need to be protected from cyberattacks and have good encryption that will protect it from such malicious activities.

Your mining gear needs to be on VPN all of the time, and if you are going on a vacation, you need to have a mobile VPN hotspot app. Combine this with keeping a low profile, and you should be fine.

Cybersecurity

For something that is so deeply based on tech and online relations, protecting your mining operation from hackers is stunningly easy. Because there isn’t any chance of human error on the part of the mining gear, there isn’t a lot of places where this system can be hacked if properly protected.

Using a personal VPN to hide the position of the rig, as well as not telling everyone on Reddit about its existence, is more than enough to keep it operating covertly.

The main controlling computer can be used to run malware and spyware checks all of the time and delete anything that looks suspicious. This way, the only thing that could ever happen is reduced productivity because you need processing power to stop attacks, but this is marginal.

Physical Security

This factor depends on your location. If you are in the city and operating from your apartment, you might have an issue.

Regretfully, there isn’t an easy way around this. If your operation is not protected by the terrain, you will need someone to look over it. Maybe combine with more small miners to guard each other, which is the solution most have sought after.

Also, it’s always a great idea to ensure your components from theft and damage, especially when you are not around. This might bite into your margin, but it will give you the peace of mind you need when you are not there.

Maintenance

Here we return to the cooperative. Even if you have a trusted friend to look over your machines, that might not be ideal if something needs to be repaired. Only if you have someone who is both trustworthy and capable, you should be good.

For those who have already made their cryptocurrency fortune, this might be a good time to take on investors for the subsequent crypto rise that will happen in 2024.

Conclusion

Cryptocurrency miners can go on a vacation, but they can’t stop working. You can use premium VPN providers like Le VPN to protect your smartphone, laptop, and mining rig. But, you will also need to consider maintenance and protection.

Once that is done, there is only the issue of applying sunscreen and having a bit of fun.

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Written by Vuk Mujović @VukMujovic

Vuk Mujović is the founder of MacTíre Consulting, an analyst, data management expert, and a long-term writer on all things business & tech. He authored blogs, articles, and opinion pieces aimed to help both companies and individuals achieve growth without compromising their security. Vuk is a regular guest author to Le VPN Blog since January 2018, where he gives his expert opinion on the topics related to cybersecurity, privacy, online freedom, and personal data protection. He also often shares his tips and best practices in relation to internet security and digital safety of private individuals and small businesses, including some additional applications of using a VPN service.

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