The sale of the mining equipment is expected to generate funds that will be used to repay the company’s creditors. According to reports, BlockFi’s largest creditor is Silver Lake, which is owed approximately $25 million.

BlockFi mining hosting equipment

BlockFi’s mining operations, which were located in upstate New York, ceased operations in December due to high electricity costs and declining profitability. The company has since been looking for ways to recoup its losses and pay off its debts.

The decision to allow BlockFi to sell its mining equipment was made after a hearing in a US bankruptcy court on March 23. The equipment will be sold to Northern Data, a German data center operator, for $47 million.

The sale of the their used BTC Bitcoin mining hosting equipment is expected to close by the end of April, pending approval from the bankruptcy court. Once the sale is complete, BlockFi will be able to use the proceeds to pay off its creditors and emerge from bankruptcy.

What Led to BlockFi’s Bankruptcy Filing?

BlockFi’s bankruptcy filing came after the company faced regulatory pressure from the New Jersey Bureau of Securities. The bureau had issued a cease-and-desist order against BlockFi, alleging that the company had sold unregistered securities to its customers.

BlockFi denied the allegations and said that it was confident in its legal position. However, the company was still forced to halt its interest account product in New Jersey.

The cease-and-desist order from the New Jersey Bureau of Securities was not the only regulatory issue faced by BlockFi. In July 2021, the company received a warning letter from the Texas State Securities Board, alleging that it was offering unregistered securities in Texas.

BlockFi’s Mining Operations Cease Operations in December

BlockFi’s mining operations were located in upstate New York and were powered by hydroelectricity. The company had invested heavily in its mining operations, spending approximately $25 million on equipment and infrastructure.

However, the mining operations ceased operations in December due to high electricity costs and declining profitability. The closure of the mining operations was a major blow to BlockFi, as it was one of the company’s main sources of revenue.

BlockFi Authorized to Sell $47M in Mining Equipment

The decision to allow BlockFi to sell its mining equipment was made after a hearing in a US bankruptcy court on March 23. The equipment will be sold to Northern Data, a German data center operator, for $47 million.

The sale of the mining equipment is expected to close by the end of April, pending approval from the bankruptcy court. Once the sale is complete, BlockFi will be able to use the proceeds to pay off its creditors and emerge from bankruptcy.

BlockFi to Use Sale Proceeds to Repay Creditors and Emerge from Bankruptcy

BlockFi has stated that it intends to use the proceeds from the sale of its mining equipment to repay its creditors and emerge from bankruptcy. The sale is expected to generate approximately $47 million, which will be used to repay BlockFi’s largest creditor, Silver Lake.

Once BlockFi has emerged from bankruptcy, it will be able to resume its operations and continue to offer its products and services to its customers. The company has stated that it remains committed to complying with all regulatory requirements and ensuring the safety and security of its customers’ funds.

BlockFi is known for its cryptocurrency lending and borrowing services, which allow users to earn interest on their crypto holdings or borrow funds against them. The company has also recently launched a Bitcoin rewards credit card, which offers cashback in the form of Bitcoin on purchases made with the card.

Despite the recent setbacks faced by BlockFi, the company has continued to innovate and expand its offerings. In addition to the Bitcoin rewards credit card, the company has also launched a mobile app and introduced new features such as direct deposit for its interest account product.

The sale of BlockFi’s mining equipment to Northern Data is expected to be a win-win situation for both companies. Northern Data will be able to expand its mining operations and BlockFi will be able to generate funds to repay its creditors and emerge from bankruptcy.

The decision to allow BlockFi to sell $47 million worth of its mining equipment is a positive development for the company and its creditors. Once the sale is complete, BlockFi will be able to use the proceeds to repay its debts and continue to offer its products and services to its customers. While the regulatory environment for cryptocurrency companies can be challenging, BlockFi’s ability to adapt and innovate will likely help it to succeed in the long run.

What is Litecoin Halving, and Why Should We Care?

In simple terms, Litecoin halving is the reduction of LTC mining rewards by 50%. This event happens every 840,000 blocks, roughly every four years. The reason we care about this event is that it has significant implications for Litecoin’s price, mining profitability, and overall market dynamics.

The Impact of Past Litecoin Halving Events

History has a funny way of repeating itself, and Litecoin’s past halving events can provide valuable insights into what might happen this time around. In both 2015 and 2019, Litecoin experienced significant price increases leading up to the halving. However, the price dipped shortly after the event as the market adjusted to the new mining rewards. Will history repeat itself? Only time will tell.

Key Trends to Watch in the Upcoming Litecoin Halving

1. Market Sentiment: Keep an eye on how the overall market is reacting to the halving. A bullish market sentiment could push Litecoin’s price higher, while a bearish sentiment might lead to a dip.
2. Mining Profitability: As mining rewards decrease, some miners may decide to stop mining Litecoin, leading to a decrease in the network’s hash rate. This, in turn, could affect transaction speeds and overall network security.
3. Adoption: Widespread adoption of Litecoin could help counterbalance the decreased mining rewards, leading to a more stable price. Pay close attention to any major partnerships, integrations, or announcements that could boost Litecoin’s adoption rate.
4. Regulatory Environment: Changes in the regulatory landscape can have a significant impact on the entire cryptocurrency market, including Litecoin. Keep an eye on any new regulations or government policies that could affect Litecoin’s growth and adoption.

Will the Price of Litecoin Soar or Plummet?

As much as we’d love to gaze into our crystal ball and tell you exactly what will happen to Litecoin’s price, the truth is that predicting the future is a fool’s errand. However, based on historical trends and current market conditions, we can make some educated guesses.

• If the market remains bullish and Litecoin’s adoption continues to growwe could see Litecoin’s price soar like an eagle on a caffeine high. However, if the market sentiment takes a turn for the worse, Litecoin’s price could drop faster than a clumsy waiter with a tray full of expensive wine glasses.
  • Another factor to consider is the potential influx of new investors, who, like bees to honey, are drawn to the sweet nectar of potential profits. This could help buoy Litecoin’s price, at least temporarily.
  • Finally, we should never underestimate the power of FOMO (Fear of Missing Out). As the halving approaches and the hype machine goes into overdrive, many investors may decide to jump on the Litecoin train, hoping to ride it all the way to the moon. This could lead to short-term price increases, followed by a potentially sharp decline once the halving has occurred and reality sets in.

  In short, while we can’t say for certain what the future holds for Litecoin’s price, we can confidently predict that the journey will be a thrilling rollercoaster ride, filled with twists, turns, and perhaps the occasional loop-de-loop.

  Final Thoughts: To HODL or Not to HODL

  That, dear readers, is the million-dollar (or should we say Litecoin?) question. While we may not possess the psychic powers to foretell the future, we can offer you a few nuggets of wisdom to consider as the Litecoin halving approaches:

  1. Do Your Research: Stay informed about Litecoin’s development, market trends, and any relevant news that could impact its price. Knowledge is power, and in the world of cryptocurrencies, it could also be the key to making smart investment decisions.
  2. Diversify Your Portfolio: As the old saying goes, don’t put all your eggs in one basket. By diversifying your cryptocurrency portfolio, you can reduce your risk and potentially increase your overall returns.
  3. Keep Emotions in Check: Investing in cryptocurrencies can be an emotional rollercoaster, but it’s essential to avoid making impulsive decisions based on fear or greed. Develop a clear investment strategy, and stick to it.
  4. Be Prepared for Volatility: The cryptocurrency market is notoriously volatile, and Litecoin is no exception. Expect price fluctuations, and remember that, as with any investment, there are no guarantees.

  Whether you decide to HODL, trade, or take a more cautious approach, one thing is for sure: the Litecoin halving will be an exciting event to watch. So, grab your popcorn, strap in, and get ready for the ride of your life. Happy halving!

Curious how much you can get for your used Bitcoin mining ASICs? The answer is that it depends on where you are selling it, what exactly you are selling, and how willing you are to put in some work. If you are like many Bitcoin miners, when you started you bought the best and brightest machines to mine your cryptocurrency of choice quickly.

However, machines can become obsolete or less efficient as time goes on, leading miners to sell their used miners to grab the newest and best miners on the market.

Sell Parts of the Machine to Computer Lovers

Some miners on the market offer excellent components which can be sold one by one to different people online or off to outfit their own miners or computers. If you don’t mind the trouble of breaking down your Bitcoin mining ASIC, some of the parts might go for a larger amount than the entire machine would if you sold it as one piece. However, it’s important to do your research and find out if that is the case or you might lose out on profits.

Forum Goers Will Pay Plenty for Used Gear

Are you a part of any cryptocurrency forums? Many of them offer a space to sell your old gear and people are willing to part with large amounts of money for a machine that will work well. General computer forums can also be a selling spot, but you typically will make less money going through this avenue. Forums tend to be community spaces where those new to mining go to get their miners for a low price. If you aren’t having luck selling elsewhere, this is a great option.

Hit Up eBay to Make Some Cash

Want to make selling your miners quick and easy? Many people make a good amount selling both new and used Bitcoin mining ASICs on eBay and other online auction sites. A quick look at the top auction website shows ASIC miners going for anywhere from under $50 to hundreds of dollars depending on the model. It might take a little work to make up a listing that will get the miners to fly out of your hands, but it’s far less work than breaking down a machine and selling it that way.

Other Options for Selling

Craigslist can be another avenue for selling your old ASIC miners or mining hardware brokers, but make sure you are in-depth about what is for sale. List all the information about the brand, model, and the specifications for the best results. The amount you can make is going to depend on who sees your ads and what you have offered. Showing it in the best light is key to making the cash you want selling a user ASIC Bitcoin miner.

The truth is that prices vary to a huge degree for both new and used miners, so saying how much yours is worth is difficult. However, if it’s a model that was once in demand, it’s likely someone out there wants it and is willing to pay to get it.

Bitcoin Mining Defined

The term, Bitcoin mining colocation and “mining crypto” refers to the process used by expert cryptocurrency users or miners to compete and discover new coins while adding recent transactions to the Blockchain distributed public ledger.

#1
No single individual or entity regulates the Bitcoin. As an open-source platform, anybody who  does not own the currency can access it freely. For one, the creator of the BTC remains nameless until now so nothing can claim responsibility for the BTC’s creation.

#2
Cryptocurrency protocol limits Bitcoin to 21 million coins with the incentive for adding a block cut in two every 210, 000 blocks or roughly every four years. Sooner or later, this reward will diminish to zero which will reach c. 2140 and transaction fees will reward record-keeping. The limited number of coins makes the virtual currency stable and gives it a specific value. Anything restricted in this universe obtains excellent value because of the rare and inadequate quantity.

#3
The Bitcoin does not have a natural value which makes the currency stable although it differs depending on the provided services. Everyone can see the transactions on the worldwide web since nobody controls this information. After more than nine years of existence in this world, the cryptocurrency network continues to generate around 12 BTCs every 10 minutes regardless of prevailing economic conditions say most Bitcoin mining statistics in 2018. According to industry stakeholders, miners will produce roughly 675, 000 coins annually during the third generation.

#4
Mt. Gox collapses and no longer exists. The company used to handle nearly 70% of Bitcoin-based transactions in the past until the corporation fell apart. At the time of its fall, Mt. Gox held more than 850, 000 coins (BTC) valued at US$450 million. According to media reports, the Bitcoin exchange managed to recover only 200, 000 coins.

#5
Bitcoin mining will come to an end because of the limited quantity of BTCs globally. Mining will cease to exist after miners mine the final crypto coin. This culmination will reportedly take place in 2140 or more than one century from now.  Mining entails solving mathematical problems while utilizing the software that distributes the coins.

#6
With more BTCs in the market, the value of the cryptocurrency will drop and vice versa. Traders need to wait patiently for trends in the market.

#7
Nobody can reverse Bitcoin transactions although parties concerned should trust the safety of operations since users navigate a website that deals with all processes correctly. Digital currencies compare to traditional money.

#8
People can remit money at minimal or no cost at all because cryptocurrencies do not pass through banks that charge excessive transaction FEES.

Web-based Currency

As an online currency, the Bitcoin permits users to perform one on one transaction, purchase commodities and services, and exchange legal tender across boundaries without the need for involving conventional banking institutions, lending facilities, credit card firms, and other relevant third parties. Cryptocurrency investors must understand the following aspects:

No particular person, bureaucracy, or institution controls or influences the virtual currency because they did not create the Bitcoin. Miners (investors) require sophisticated applications to solve the complicated mathematical problems. Investing in the virtual tender remains precarious as market prices rise and fall from time to time. Only a handful of prominent enterprises accept the electronic asset for payments which include PayPal, Microsoft Corporation, Overstock.com, and Dish Network.

Bitcoin miners gave way to large corporations that operate in many countries and regions. After more than ten years, cryptocurrency mining became more complicated after significant players came out. Bitcoin also was known as the digital gold rose rapidly from only six cents in 2010 to a peak of $3, 025 last June, according to CoinDesk, the leading cryptocurrency digital wallet globally. Even as the BTC remains volatile, market capitalization increased considerably in 2017.

Impact of Bitcoin Mining

2017 appeared as the best year for this digital currency. In fact, this year promises more opportunities and problems. However, the energy and environmental aspects caused more apprehensions compared to positive responses. According to Money.CNN.Com, the exceptional growth of the Bitcoin caused a lot of fulfillment to investors, but environmentalists thought otherwise.

The mining operations for this virtual currency use up more electricity compared to 159 countries all over the world. Nonetheless, the number one electronic currency in the digital world that became more popular this year seems to threaten the very existence of this universe mainly because of energy consumption. The very success of Bitcoin does not bode well for its environmental impact.

What to Expect in 2018

This year, just like in the last nine years, B as well as liquidity. Miners may find it hard to plan logically and allocate resources for investments within the next few years. For example, the concealed expenses of hash generation will cost miners a fortune. Regardless of all the developments, the cryptocurrency will still depend on the global financial system that governs traditional currencies.

While the evolution of the Blockchain technology and the Bitcoin continues to evolve, experts need to address all issues and calculations. With more miners in the industry, competition will increase, and Bitcoin mining eventually becomes more difficult. For the ordinary layman, the idea seems hard to comprehend. Supporters of the digital asset can look forward to 2018 mining colocation improvements and beyond even as environmental issues will prevail.

Let’s summarize what we will learn today.

1. We are going to learn how a bitcoin is “mined,”
2. how we can begin mining own bitcoin,
3. the most efficient software we can mine with,
4. the most efficient hardware we can mine with,
5. what mining pools are and where they are found
6. and how to maximize our returns from mining,
7. and Bitcoin mining colocation prices.

How Does Mining Bitcoins Work?

Bitcoin mining is performing the necessary security measures for a transaction between two parties in the bitcoin public ledger. You are essentially verifying and providing the necessary security for the transaction. You are proving that the transaction is indeed valid. This is completed by executing SHA256 double round hash verifications. The rate at which you mine is understood as “hashes per second.”

Bitcoin mining works on an incentive model. Bitcoin miners are given the incentive to mine by earning bitcoin for putting up the necessary CPU necessary for the job. Bitcoin miners receive freshly mined bitcoin (fractional amounts) in addition to transaction fees paid by the parties transacting. The more CPU power you are capable of putting out based on your hardware resources, the larger the reward.

Mining Hardware

Mining Hardware is readily available on sites like Amazon. Make sure you check feedback and reviews before making a purchase.  The top of the line miners at the moment are manufactured by Bitmain.  The have created the Antminer series of ASIC mining hardware.  These are not your cousin’s GPU mining rigs but dedicated miners that can deliver almost 14H and .36 bitcoins a month.

Begin Mining

Due to the nature of the bitcoin protocol, bitcoin mining takes much more CPU power for a reasonable return now than it did it times past. There was a time when you could use your every day PC or Mac for mining profitably. At this stage of the game, you need chips specifically designed for the purpose of mining. Custom BTC ASIC chips are one hundred fold more powerful and efficient than legacy systems. If you decide to mine with legacy hardware, the truth is that you are going to end up consuming more in electricity than you are capable of earning via mining colocation. One provider of custom BTC ASIC chips is Avalon – they offer exceptional systems designed solely for mining purposes.

Cloud Mining Services

Another method to profit from bitcoin mining is by utilizing cloud mining pools. This relieves you of the burden of owning and housing hardware, but increases risk due to the same fact – not owning your own hardware means you need to trust the provider leasing and pooling their own hardware.

Here is a list of come cloud mining providers. Many scams exist so do not take the following as official endorsements:

Hashflare Review: Hashflare provides mining contracts; you buy into a mining pool. You will be paid out in bitcoin over the span of a year. Check out the calculator at https://hashflareprofit.com/ to see how profitable this can be for you.

Genesis Mining Review: Genesis is the number on provider in the mining space right now. They offer three different mining options and aren’t overpriced.

Hashing 24 Review: Hashing 24 offers high performance via their use of state of the art ASIC chips via Bitfury. Their facilities are located in the US and Europe. They have been offering cloud mining services since 2012.

Minex Review: Minex is unique in that they offer a simulated economy gaming platform. Clients can buy Cloudpacks which are in turn used to create a portfolio of lotteries, mining farms, real-life markets, casinos and many others.

Minergate Review: Minergate provides cloud mining, merged mining and pool mining.

Hashnet Review: Bitmain is the creator of the Antimer hardware and owns Hashnet. Hashnet has over 500 Antimer S7s which can be leased to end-users. Check out their website for current rates and stock availability.

Bitcoin Cloud Mining Review: While this company was once viable, the are currently sold out on all contracts.

NiceHash: NiceHash connects buyers and sellers via an online orderbook. Visit their page for updated rates.

Eobot Review: Eobot will allow an end-user to begin mining with a very small investment.

MineOnCloud Review: MineOnCloud offers about 30 TH/s total to end-users via their S4 and S5 Antiminers.

Comparing Bitcoin Mining Equipment

1. AntiMiner S7
2. AntiMiner S9
3. AntMiner L3

Avalon6

Step 2 – Gain Access to Free Bitcoin Mining

If you, in contrary to using a pool, decide to begin mining with your own hardware resources, you will need the necessary software for the task. There are quite of programs available right now, but two reputable programs are BFGminer and CGminer.

If you have more of a novice, you can use programs that come with a graphic user interface, such as EasyMiner.

Check out more information mining software here.

Step 3 – Join a BTC Mining Pool

If you’re not in the position of mining coins profitably using your own hardware resources, why not join a pool? BTC pools are an aggregate of miners sharing resources to solve blocks and sharing the rewards split across the pool. Without the use of a pool, you may be stuck mining for years without earning meaningful profits. It makes more sense to share resources with a larger group and earn rewards as a party.

For a pure pool without centralization, check out p2pool.

The following are believed to be offering 100% block validation with BTC Core 0.95 or later.

• BitMinter
• CK Pool
• Eligius
• Slush Pool

Step 4 – Open a BTC Wallet

This step in the process where you direct where profits are sent. A BTC wallet is very similar is a bank account or even an actual, physical wallet that you carry around with you and have sole access to.

• Software Wallets:
• CoPay
• Hardware Wallets:
• Trezor

Buying Bitcoin:

1. CoinBase
2. Local Bitcoins
3. Buying Bitcoin Guide
4. Kraken
5. GDAX
6. Binance
7. Cryptopia
8. Bitcoin.com
9. Gemini

Step 5 – Keep up With Bitcoin

Keeping track of bitcoin’s latest news and upsrWA can give you a better feel for where the market is going and where best to attribute your resources. As many of us in the space believe, bitcoin is here to stay. Keep hodling on and why not give mining a try?

Bitcoin Whitepaper: Brush up on your understanding of bitcoin by checking out Satoshi’s original whitepaper: bitcoin.org/bitcoin.pdf

By mining, you reap financial rewards that have nothing to do with the current market value of the cryptocoin, and everything to do with the consensus algorithm that powers the cryptocurrency. Of course, mining bitcoin today is not as simple as it once was, and there are quite a few difficulties that you might face as a new miner getting into the field. What should you know about the challenges you might face?

Cost of the Rig

If you intend to mine bitcoin on your own or with the help of a bitcoin mining colocation, you’ll need to build a mining rig buy some ASICs and/or join a mining pool. These rigs can cost thousands of dollars, and they can consume a great deal of electricity, meaning they cost a lot to operate, as well. Depending on your financial situation, this may not be a particularly achievable goal.

Alterations to Lifestyle

Having a bitcoin mining rig in your home will lead to some important changes to your lifestyle if you do not rent out mining colocation from a miner friendly data center.. For instance, all that technology will generate a lot of heat, which will raise the temperature within your home, causing your HVAC system to run more frequently. That further increases your costs. You also have other issues – where will you house the rig? How will you combat the constant noise from fans?

Difficulty

When discussing bitcoin mining difficulties, we need to mention the actual “difficulty” of mining – that is, how hard it is to hit the target. The difficulty of mining varies depending on the speed of block discovery, with the system striving to maintain an average of one block found every 10 minutes. The difficulty adjusts every 2,016 blocks, and can both increase and decrease depending on the speed of block discovery.

The Value

While mining bitcoin does not put you in quite the same position as buying it outright through an exchange, or trading it like a commodity, it does mean that you need to pay attention to bitcoin’s current price on the USA market. The mining reward is paid in bitcoins, which means that your take will vary based on market sentiment at the moment of payout. Bitcoin’s value has generally increased over time, but there have been some marked setbacks, such as during the early days of 2018 when most cryptocurrencies lost a significant portion of their value. This could put a crimp in your own finances should a market tumble occur at the same time you discover a block and are paid in bitcoins.

What’s Your Cut?

For most people, getting involved with bitcoin mining will mean joining one of the many bitcoin mining pools out there. This allows you to combine forces with other miners, reduce the time required to discover a bitcoin block, and increase the chances of discovery. Of course, it also reduces the amount that you will see in a mining reward. Currently, the reward is 25 bitcoins per block discovered, but what if you have to split that reward with hundreds of other miners, plus the company that owns the bitcoin mining pool? Pay close attention to the pool cut or you could find that you’re paying out more than you’re bringing in.

In the end, bitcoin mining difficulties are present, but they can be planned for and overcome with the right strategy.

Today, businesses generally have two choices when it comes to moving data away from their on-site locations: trust a cloud storage service provider, or use their own equipment in an off-site location that they control themselves.

Colocation And Cloud Hosting Services Haven’t Always Been Popular

In the past, before cloud storage became popular, many businesses didn’t trust their pertinent, private information with anyone outside of their own, private facilities. Today, however, most businesses outsource their data storage and security needs at some point in time, if not from their very first day of business.

Whenever it came time to upgrade in previous years, businesses typically built new data centers, or heavily beefed up existing locations.

The Difference Between Cloud Storage And Data Center Colocation

When a business or individual allocates their data storage needs to a full-time, third-party facility from which information can be accessed through the World Wide Web, it’s considered cloud storage.

Conversely, when an independent agent owns a building but allows agents to store their own infrastructure, it’s considered to be data center colocation. With colocation, business entities are able to secure their equipment with passwords nobody knows but themselves, hardware that meets their particular specification, and an IT infrastructure layout that’s entirely customizable.

Colocation providers must maintain consistently available sources of power, steady connections to the Internet, make sure no criminals or animals can access their physical facilities, and so on. These responsibilities are usually quite simple, as compared to cloud storage service providers.

Cloud hosts must deal with all of the above responsibilities, plus actually purchasing computer hardware and professionals to maintenance them.

How Data Colocation Centers Keep Customers Interested

Storing one’s information on a cloud server is unarguably many times easier than keeping up with their own hardware through colocation. As such, data centers offering colocation services must provide customers with loads of additional features to keep them sufficiently interested.

These service providers typically invest in armed security to make sure criminals can’t easily break in. Closed circuit television with remote monitoring is also typically available.

Providers of colocation services almost always give their customers advice on how to set up their infrastructures, as they’re force to compete with cloud hosting providers that deal with such responsibilities for them. Colocation can definitely provide businesses with loads of benefits, although cloud storage is unarguably more convenient than colocation.

These centers typically bill customers based on a per-unit-used basis, rather than flat fees. Some systems use significantly more power, Internet bandwidth, and other levels of commodities than others, making colocations’ payment for utilities significantly more attractive to those entities that don’t take up lofty levels of resources.

The Big Question In Deciding Whether Colocation Or Cloud Is Better

If a business desires to own the hardware that makes its information technology infrastructure possible, colocation is likely the most fitting option. However, business entities that don’t want to be bogged down with the responsibilities of keeping up with physical hardware shouldn’t consider data center colocation.

Choosing Data Center Colocation Or Cloud Storage Solutions

Businesses that deal with information technology or have strong links to the industry are likely to lean towards colocation. Clouds aren’t always secure. However, it’s likely that the technicians keeping up with such data centers are extensively experienced in repairing and maintaining computers and their components.

Entities that don’t want to expend on long-term physical equipment should probably consider cloud storage, oftentimes popular in the world of business.

Hybrid systems, further, might be ideal for most businesses. In such systems, companies’ in-house infrastructure is typically secured through colocation, whereas customers’ portals are supported by cloud storage.