A real, long-running US Iowa hosting operator with a published (self-advertised) 6.7-7.5c/kWh rate, but unaudited and inconsistent capacity claims plus a self-published review site warrant caution.
by the bestcloudmining editorial desk · review version 2 · prose updated 2026-09-24 · facts as of 2026-09-24 · how we verify
MiningStore is a US-based ASIC hosting provider operating in Iowa since 2019, offering hosting, managed mining, and hardware procurement for SHA-256 Bitcoin mining. It presents as a legitimate infrastructure operator with a physical presence and long tenure, but all capacity and performance claims are self-reported and inconsistent across sources. The use of a self-published "review site" raises credibility concerns.
You can rent ASIC hosting services in Iowa for Bitcoin (SHA-256) mining, either by bringing your own hardware or joining a managed-mining program where you own a share of the fleet. The provider does not offer GPU or decentralized storage. You do not get direct access to the hardware or verifiable proof of hashrate; instead, you receive a service contract and, in managed programs, a monthly BTC payout. Minimum entry is $100 via the BitVault product.
Contract terms are not published on the website - only “fixed-term” arrangements are listed, with no specified duration. Maintenance fees are included in the hosting rate but not broken out. Payout frequency, thresholds, and uptime SLAs are not disclosed. Hardware returns are allowed within 14 days with a 25% or $1,500 restocking fee (whichever is greater), but hosting refund terms are not available. Minimum purchase is $100.
There is no independent proof of hashrate, audit, or real-time monitoring. The provider claims 62.5 MW across 11-14 facilities and 1.2 EH/s under management, but these figures are self-reported and internally inconsistent. The “MiningStoreReviews.com” site is operated by MiningStore itself and features non-independent testimonials. No public pool workers or on-chain attestations are provided to verify operations.
MiningStore has operated since 2016 under Board Basics LLC, with a physical address in North Carolina and facilities in Iowa. Founder JohnPaul Baric is publicly named, and the company appears in MISO/SPP power markets. No fraud findings or major outages are documented, but third-party verification is sparse. Given the data quality is “reported” and not verified, treat all large-scale claims as marketing until independently confirmed.
Pricing is advertised by the operator via Reddit as 6.7-7.5 cents per kWh for Iowa hosting, with a $100 annual fee per miner. This data comes from the company’s own promotional posts in December 2025, not a public tariff. Minimum entry is $100 via BitVault. Payments are fiat-only; no cryptocurrency options. KYC requirements are not published, and onboarding is sales-led, suggesting a focus on institutional clients.
MiningStore appears to be a real hosting operator with infrastructure in the US, making it more credible than many offshore or anonymous providers. However, the lack of transparent, audited data and the use of self-published reviews demand caution. Consider a small pilot order before scaling, and verify uptime and payouts independently.
| Documented price | $0.067 per kWh · $100 per year |
|---|---|
| Minimum | $100 |
| Notes | Website publishes no $/kWh (sales-led, 'industrial rates'). The operator's own Reddit ad account u_Miningstoredotco advertised Iowa hosting at 6.7-7.5 cents/kWh in Dec 2025 (an earlier post said 6.5-7.5c) with '10 MW immediate availability'. This is operator-published advertising, point-in-time Dec 2025, not an independent tariff. Hardware returns carry a 25% or $1,500 restocking fee (whichever greater). |
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Ready to try MiningStore? Start small, verify one payout, and only scale up once the hashrate or compute actually matches what you paid for.
Based on our checks as of 2026-09-24: MiningStore scores 5.4/10 in our weighted review. We logged 2 red flags (listed above). Facts are reported, not fully verified - test with a small purchase and a withdrawal first. User reports and operator background are documented with dated sources in the meta-review below.
You get a hosting contract for ASIC mining in Iowa, either with your own hardware or through a managed program that pays you BTC monthly. You do not own hardware directly unless you purchase and ship it.
Hosting is advertised at 6.7-7.5¢/kWh plus a $100/year fee per miner. Maintenance is included but not itemized. Hardware returns incur a 25% or $1,500 restocking fee, whichever is greater.
Yes, the BitVault entry product starts at $100. This allows small-scale participation, though exact terms and trial availability are not detailed.
In the managed-mining program, you receive a monthly share of BTC mined. Payout frequency, thresholds, and calculation methods are not publicly disclosed.
If operations cease, your hosting contract becomes unenforceable unless you have on-site access to hardware. For managed programs, you have no asset claim - your investment is only as secure as the company’s continuity.
Hosting avoids hardware logistics but adds counterparty risk. Buying BTC is simpler and more liquid. Buying and self-hosting ASICs gives full control but requires technical skill and capital. MiningStore offers middle-ground exposure - if their rates are accurate and stable.
Flat $225/machine/month all-inclusive Bitcoin hosting in six self-owned Oregon sites; customer owns the ASIC and keeps 100% of BTC.
US ASIC broker and hosting provider (MaaS) plus short-term hashrate rental (RentHash) and a P2P miner marketplace. Duplicate record of slug 'blockware'.
US ASIC broker and hosting provider (MaaS) plus short-term hashrate rental (RentHash) and a P2P miner marketplace.
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