Bitcoin Forum

if i rent a ring at miningrigrentals can i solo mine with it ?

1st of all, what youre describing is called cloud mining.. you should read up on that.

Also I never heard of that site or service so most likely could be a scam only based on 90% new business in btc are likely like that.  Do not choose new services over the old known ones.

Go with hashnest that people are rave about.

You seem to be new around here so firs of all, welcome!

Be very careful about mining. In essence, solo Bitcoin mining is about 98% unprofitable today unless if you don't live somewhere where you get a free electricity. This is about mining if you want to rent your or buy your own hardware.

Cloud mining as well. There are maybe 1 or 2 businesses that do it right out of 30 out there. The rest are very likely a scam. Even with these 2, you won't make much. Better look to invest in some other way in Bitcoin, not mining.

Whatever you decide to do, double check even triple check everything, do research, ask questions on this forum so that you don't get scammed.

Yeah you can, but you need to know that if you don't find any blocks you won't receive any Bitcoin.
Solo mining is like lottery!

Probably no and stop using cloud mining i got ripped off

I haven't heard on cloud mining extensively because it's something I strongly advise against. However, from what I've seen, you cannot chose where your hashing power goes. The cloud mining company does that for you and they will pay accordingly.

If someone would post a cloud mining service where you can direct the hashing power yourself, the answer to your question would be yes and you could simply just use a solo pool (or setup everything yourself but I doubt you'll be able to).

Cloudmining is usually operators having a array of machine mining and the earnings are distributed to the users. Or, in a worst case, it being a ponzi and they don't have actual hardwares mining. Mining rig rentals on this case allows you to buy the hashpower from various people and they act as a middle man to secure your trade. They are generally safe as the hashpower can be pointed at your pool and you don't need any investments. However, everyone there is attempting to make a profit hence the price would be higher than the profit you would be able to make.

Yes you can, I do every now and again :).

When I have some spare bitcoin I use my rentals to solo bitcoin mine on ck's pool: https://bitcointalk.org/index.php?topic=763510.0

miningrigrentals.com (http://miningrigrentals.com) have been around for a while and I've been using them for about a year without any problems what so ever.

I still haven't found a block though but 80 people have in the last 12 months.

If the service is been around for awhile go with it? But, just know theres other options for cloud mining.

just like many people mentioned, im also against cloud mining.. since most are ponzis.

Please do not confuse cloud mining ponzis with miner rental services like miningrentals (never worked with them), betarigs or nicehash.

With all of the above miner rentals you choose where to point the hash to, unlike with cloud mining where you get some profit based on some shady calculations.
I am personally using betarigs and nicehash a lot and can say they are completely legit and honest in what they offer.

And you can solo mine with them either on your private pool or - which is probably a very bad idea - pointing them directly to the rpc of your coind.

miningrigrental isn't a ponzi, it work like a charm, i did many many renting with them, everything went always fine, their support is top notch

and yes you can solo mine, you need to allow inbound connections in your machine or virtual machine, than point the mniner that you've rented to your esternal ip so not to 192.168.xx.xx

this ip must be allowed to recieve connection from your config file in the folder of the client you want to point at your miners

rpcallowip= your public ip(ISP ip)

1st of all if you don't know what you are talking about don't comment. It's not cloud mining. He wants to rent another persons mining rig. You should read OP more careful.

Also you shouldn't make bold statements about services you've never heard of before. Miningrigrentals is a legit site. Hashnest is cloud mining site. This has nothing to do with rig rentals.

Regarding to OP's question, yes you can solo mine with it. You can make all the adjustments you want.

oh kevindurant i thank you so much :)

can you tell me how to do that ?

So you want to rent a rig and want to experience solo mining eh? My suggestion is that don't solo mine bitcoins directly, instead, find an altcoin that has a low difficulty and has the potential to grow in price (or can even return your investment plus profit). In this way, you'll find it easier to make a profit rather than waiting to find a block of bitcoin.

To find the profitability of an altcoin per GH/s or MH/s, >> http://www.coinwarz.com/cryptocurrency

Did you just define those two terms yourself? Betarigs literally says "Cloud mining" in its header.

Rental mining to me would be physically renting a miner, plug it in your basement and return it after a while.

thanks for the advice but already im working for it :)

Yes you can. But, I'd prefer westhash or nicehash over miningrigrentals. Once you decide upon the hash power you want to rent, calculate the profitability...

i. www.cloudmining.website/calculator.php

ii. https://alloscomp.com/bitcoin/calculator

Techincally you can try solo mining with rented rig but practically it would be waste of time, money and resources. Difficulty is way too high to solo mine, unless you buy 50-100 THS mining power. :)

I have used them many times in the past to mine altcoins and have never had any issues, if there is downtime they compensate you for the difference.  I think solo mining Bitcoin will be quite expensive unless you are very lucky.

so is it true that if you do solo mining, if you dont find a block you wont get any satoshis?

maybe you can but those type of site are just a scam just trying to pay you a small fee for keeping your money here everyday

yes you can rent at miningrigrental or ETC
but you need more capital

solo miner is very hard, that like agambling

Yes. The main income for crypto currency mining is always from the block reward and transaction fees. In pools, the machine will submit shares to the pool to prove that they are working to solve the block. The more you submit, the more percentage of the BTC from the mined block you would get. For solomining, you are the only one mining for the block hence you would get full percentage of the reward only if you solve a block.

MiningRigRentals is by far not a scam , I have rented from them many many times and even put my GawMiners The Fury up on it for people to rent and have rarely had any issues , and if I did , either the owner of the rig fixed the issue or the staff would fix the problem accordingly . So don't be afraid to use them .

Pointed same as you mentioned, But i see no traffic from Rental hash,  Hashesperspec is not changing. Let me know if am missing something

{
    "blocks" : 1460,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 5.52731873,
    "errors" : "",
    "genproclimit" : -1,
    "networkhashps" : 421904705,
    "pooledtx" : 0,
    "testnet" : false,
    "chain" : "main",
    "generate" : true,
    "hashespersec" : 42794
}

I don't think solo mining will work for btc. If some new coins come out, and there is no too many pools yet, you can consider the solo mining. You are competing your calculation power with the whole world.

I wish I can have answers this coul help me out thanks.

•What is cloud mining? And just mining?

•I read to much about this scam and is there any list, thread and Websites? I want to be safe please and thank you for the answer.

You can solo mine, but don't rent rigs. Because I think it is not worth it. Go collect and save some money and you will be happy.

Yes if it's an altcoin and you rent enough hashrate yes. Why so you want to so this though ? It's usually almost always better to mine in a pool.


Please don't listen to that guy he has no idea what he is talking about. Miningrig rentals is 100% legit. You rent from people not them. They just facilitate it. Nasus you need to stop talking about things you know nothing about and state them as fact.

Of course you can. I know some people who are good at it, but I think the group would be easier for you. Especially at the beginning. Try to find trusted people and work together!

I solo mine on cks pool everyday lol and have used minigrigrentals for some time now more than a year probably, if, after renting the rig on a couple of occasions, and the hashrate is not as advertised, you can message the owner and generally they will give you a couple of hours extension - I have never had a problem there.

Can you please tell me how to setup my wallet to accept connections from miningrigrentals? tried but did not worked, used
rpcallowip=*
rpcallowip=my external ip
rpcallowip=127.0.0.1

Added my myip:PORT as stratum url, my user and passsword from my wallet conf file in miningrigrentals but they said no connection, offline pool.
Please send me a PM and i can donate if you or someone else help.

Thank you

You could join this    https://bitcointalk.org/index.php?topic=2207363.0

We are hosting a group block hunt it will increase your chances of finding a block in a group effort and the project is being escrowd by CK himself.

Pop over and have a look or check the signature in my status.

We are almost at 100TH target for starting the project.

Read about cloud mining, after getting knowledge in this part of crypto you can say if your wallet will grow or just go down, this will give you outlook on situation.

People regularly rent petahashes from MRR, I use them myself, and rent out my rigs.. Of course if you are going up against the big guys with your asica or gpus, they will certainly have the advantage, but, you are only one hash away for the effort is worth it, for 12.5 BTC  8)

yes but use nicehash

I am looking to create an ICO announcement thread here on bitcointalk. Looking for any one who provide that service I will appreciate it. Or I can get your junior member thread. Please contact me at @BoonTech (telegram handle)

Of course you can try it yourself, but personally I figured it was very difficult, laborious and unprofitable. At your place I would find a trusted partner or the whole team and I would try to work together for the common good.

Read about cloud minning at the beginning, but it is better that you expand your capabilities not necessarily alone because prices will ruin your budget, but find people and do it together.

Interesting site, but why would you ask here if you can do something on their site?

As for solo mining itself.  All depends on the coin and why you want to solo mine.  If it is a very small unknown coin solo mining can be profitable.  If you are attempting to solo mine something like BTC you can, but chances are you will never find a block, which will mean you will never get a payout.

The chance to find a coin solo mining even in a fairly low mined coin are quite low, unless you are pretty much keeping the coin alive.  

Is there a reason you want to solo mine as opposed to mining within a pool?