It’s sure going to turn out to be a fascinated weekend for bitcoin enthusiasts and fanatics alike with the coming of The North American Bitcoin Conference in Chicago.
A number of companies attending are expected to make announcements, one of them being Ninja Colocation. This colo services provider says they will be announcing a little something they are calling NinjaCloud at the conference, a bitcoin cloud mining service.
The following is from Thursday’s announcement:
[blockquote style=”2″]The NinjaCloud is a state of the art cloud admin interface that allows users to lease reasonably priced mining hardware from NinjaColo and mine at their own leisure. Where other cloud services merely mine to set pools, the NinjaCloud allows users to direct the mining hardware to their own pools. The users will be able to monitor the progress of their miners on the dashboard and check the current hash rates. An integrated Google authenticator allows the user two-factor authentication for added security.[/blockquote]
Customers signing up for the service will be able to manage their own hardware with a proprietary cloud administrative interface.
“It’s all about directing our mining hardware to the pools of your choice,” said Alexander Geiger, who serves as Ninja Colo’s chief executive officer. “You will have the flexibility to either setup load balancing pools or prioritize pools as backups in case your own primary pools go down. Our miners, your pools!”
Ninja Colocation’s data center is located here in the United States in the state of Arizona (in the city Phoenix, specifically), and says they will “gladly” provide prospective customers tours of the facility, should they so wish.
Cloud mining has been increasingly popular over the past year as the cost for mining equipment has skyrocketed. It is viewed as a cost-effective means of mining bitcoin, though some argue it just isn’t worth the money.
Threader 
Arizona is not the ideal location for industrial mining farms due to the hotter than average natural environment and higher electricity costs. These higher operating costs are passed on to the investors. How about moving your operations to a northern most midwest state (e.g. North Dakota) with less expensive energy and where half the year or more you just need to vent in cold outside air to eliminate air conditioning energy costs altogether?