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Well i were surfing around the web and those site took my attention ,i see an average of 900 satoshis for 1ghs,is that profitable did anyone of you tryed it?is it safe? Looks like there is some users renting them,soo i suppose they get some income from them,and well looks to be safe ,meaning that with the rented rig it can achieve ROI.

If you can rent 1% of the total hash power, then yes. It'd be profitable. Otherwise, it is just gambling.

It is better to try Cloud Mining, where you may get 10 Ths @ 8 BTC.


By the way, could you please point me out, who is giving 1 Ghs @ 900 Satoshi or 0.000009 BTC ?

well im very new can you guide me i need a stratum and username and password where i do get one?

Are you looking at actual rig rental or some cloud mining ponzi scam?

Not at all

Mining rental is not profitable anymore,mining is only profitable for huge mines that are able to avoid electricity and get better miners

Renting mining rigs allow the user to know that their rented hashpower exist and they can point it to whichever pool they want. The pricing of 1gh is for a period of time, after that period, the hashpower would be rented for someone else. This makes it much more expensive than cloudmining where you could have the hashrate till you sell it and only small fees are charged. Those mining rig rentals are mostly for people to test out their pool or altcoins.

If you know which coin to mine it's very profitable. I have a friend who is very talented in choosing new altcoins to mine. He rarely be mistaken and usually get more than %100 earnings from one coin.
Do you have enough info about altcoins? Do you know all type of hashing algorithms? Do you know about difficulty and other specifications? If you don't know what to do don't try this or you'll lose your money.

I have a combined of about 10GHash/s rig which actually gives about 15000 satoshis per day.

However, the cost of running is about 50W x 24 =1.2kW, which is about USD $0.20 per day (~87000 satoshis).

It is profitable if you know which coins are good to mine and will be profitable in the long run. But ofcourse it will take some skill on choosing the right coins.

there are 2 options. Your profit or loss when the mine with how to rig rental

Short answer: No.

Long answer: NOOOOOOOO.

he is probably talking about miningrigrental, the website that let you rent a rig

but with thoe rate the profit would be very low, less than 0.001 for 1 tera rented

https://www.miningrigrentals.com/rigs/sha256

Is the 900 satoshi per ghs your income or your cost? If it's your cost, figure out how much you can earn over that. If it's your income, figure out how long it takes to process 1 ghs and then you can find out how long it'll take to earn a return over your investment.

By the way, did it occur to you to ask this question in the Mining board, where experts on this stuff tend to hang out?

Here's the link: https://bitcointalk.org/index.php?board=14.0

LOL!
Funny, but not true.

They can mine an alt-coin and make some profit, but they would need to have knowledge on the subject.

And they'd need to have tens of thousands of Dollars to get started - with the processing power needed so high to earn so little, the only way to make profit is by scaling up the operation. China style scale....a warehouse of miners, humming, processing, doing math...gives me chills.

The time to income ROI is greater with a signature campaign, seriously.

I've rented out a couple of GHS/KHS on miningrigrentals (mostly on cpu minable algo's, but also 2 U2 sticks and an old gridseed 300k scrypt)... most of them were really small compared to the other rigs tough...

I can honestly say they've always payed me, and they have some sort of an escrow service to make sure the renter doesn't get ripped off...

About the fact if it's profitable: i think you have to be extremely skilled to make a profit with them... You'd have to know which coin to mine at which moment AND get lucky with the price to make a quick buck... Most rigs are priced a little higher than the amount of bitcoin you can generate with them on average (IMO)...

Personally, i wouldn't use them to rent a rig, only to rent out a rig ;)... But this does not mean they are a scam (i truely believe they're an honest business)

What strikes me is why would anyone rent out a rig if they could make profit via using it themselves.  They'd have to rent it out for more then they could make which means you'd be getting it for less than you mine.    BFL had a great idea with taking everyones money and mining until giving them the miner late.

No it's probably not profitable, at least if you don't have a near free electricity. If you are looking to actually rent real rigs and not looking at some cloudmining ponzis.

These are also probably some old rigs that are not that efficient anymore. This is the only reason someone would rent them instead off running them by himself and making money.

well i will try to mine today i put a pool from coinking and were offline yesterday ,i wil tell you more details about thise small investment ,and i will be sure about the roi if is possible,currently i see there some good prices  15th for 0.02 btc for 3 hours lol lets give it a try later

Profitable if you're lucky and have time to constantly check on altcoins... It's a bit like normal mining, there's risk involved, proportional to how much you go in.

But your paying a premium for rentals.  Normally it is cheaper to own the gear and mine yourself assuming right conditions.

Since this is in the bitcoin area not sure how much altcoins have to do with OP.  That would be scrypt and a copletly different type of mining.  It sounded like OP is talking about BTC mining.

And i you are mining BTC with rental you pay premium.  Only way you are not is if you are renting to solo mine hoping to get lucky.  But your talking about a lot of cost and risk.

Well after try to mine i dont know very well how those works asked support putted all right but i dont see any money into the pool i had choosed dont know either how long to credit or block enter into the blockhain soo i withdraw all balance,for me makes no sense i have to choose a pool create a worker to the rental rig,those should be done by the owners choosing the pool and just request worker details anyway im out .

If owner picked it on setting he would be picking one of his own.   You have to make a account on some pools to mine there, or use one that mines to a btc address.  As renter you have to do it not the owner.

But as far as mining BTC and paying BTC unless for some reason the owner did not set it high enough on price you will pretty much always lose money.  They charge more then it costs to mine BTC on rentals.

Exactly. I have done all forms of mining. The cloud mining that I did was not the happiest experience I've had. Both "cloud mining" sites ended up being scams. I think the ONLY way to mine is get your own machine and plug it in. You can't be scammed by a physical machine you have in your possession, you know full well you really are mining.

Buying the right rig will get ROI in about 3 months and the rest is gravy. Try doing that with rentals or clouds.

3 month ROI is kinda gone for most.  Unless you have free electricity and got a deal on used gear.   For almost all 3 month ROI left during end of GPU mining day's.   

Renting and Cloud mining are really two different things.   Renting a machine to mine BTC and paying BTC for that rental is a loss (unless you are solo mining and get lucky with lots of hash).

Cloud mining varies by company.  Make sure to do your research before jumping on a site as sadly there have been many scams.  Any investment you should research though.

I've always been lucky with my rigs. I rarely buy them directly from the company, I get them used. I've always ROI'd before 3 months and I sell them at a good price.
That being said, I have terrible luck with trading. I lose every time. EVERY time.

What is your electricity price?  To do this with old ones would take a very low electricity price.

Do you mind sharing some of your ROI examples?  Less then 3 month's just is a pretty amazing ROI now days.

sometimes you can catch good deals on rentals, but the market fluctuates so fast that one hour your mining and next hour your rental stopped because all the rented rigs jumped to a new higher price

A lot of the sites the owner sets the price.  With a fixed price you don't really have any "deals".    If you caught someone renting for less than it's worth its a rare occurance.

Nicehash is a little different you might catch a little better deal.  But by time pool fees very very few times will you make a profit mining for BTC and paying with BTC.   Unless it's a huge amount and solo with some luck.

Well i guess you are the first that says that is possible to roi with an used rig ,turning it on and then selling it i guess you get something like 30% on those 3 months of the rig cost and then sell it for 80% from what you paid,or has free energy ,that way sure all the rig mine is pure profit and you wouldnt sell it .

I made a good steady payout renting my miners there vs trying to mine the most profitable coin all the time. I have found in my little experience that renting power usually doesn't make me profit. There are exceptions I'm sure but that's just my opinion.

I wish I could take credit for it but I'm not the first.  Found it reading on forum. 

Some people with very low electricity saw used miners cost much less.  And some have done very well ROI on old gear.  Some are to  old and obsolete but others work perfect for it.

These people don't usally don't buy new.  For them used is a golden ticket to ROI.

anyway with that proft you won't roi, you will do basically zero income, because 900 satoshi per giga is the actual profit on a s5

miningrigrental was good back then when instamining was the shit, you could instamine a big amount at launch with 1 hour renting and sell it immediately for a big buck

The only renting place where you can actually make profit is NiceHash. All other rental sites charge premium for renting, so you need to pay more than what you get back.

Even on it is still hard.  Normally the price of hash is a few percent below at most (sometimes can go farther I saw 8 the other day I think).   But if you do PPS were your guaranteed even at antpool i think it's 2.5 percent.

So you  can go to a pool and have it based on blocks found and it's a gamble essentially.  Over time though renting hash with btc to mine btc is a losing bet.

Also last i heard, NiceHash charge 2% fee to buyer AND 2% to seller. Just a thing to double check before you try something there. Sometimes the Sha256d % goes 4-5% under strait BTC, like right now, but it's subject to up and down unless you used a fixed order, which is designed to be too high for this to be doable with it.

if you could rent a large portion of the hashrate like 3ph of SHA then you could push up the interest in the coin as well as pump up the price

Are you talking about BTC?   Even if you rented 3PH on BTC it would not really pump up the price or effect it.  You would just be gambling assuming your solo mining.

On alt coins if you mean that on SHA.  There are not really many good ones.  Your chances of pump/dump are not as good as you think.

If you do that on a small coin, by itself people might just decide to dump because of how much hashrate is suddenly being pumped in. And in the end you'll just be left with coins worth less than what you paid for.

If you want to do this, just slowly buy the coins directly. Going through a convoluted hoop of renting the hashrate too just further lower your return.

I had just left it since i dont understand all things i must do ,i made worker and a pool but the message from last rent they say is sucessfull i dont have a peny at my stratum pool soo i lost 20k satoshis on in ,and the first loan around 400k satoshis soo its enought for me to stay away from it.I had asked myself why to rent something you can use to mine and profit by yourself,i guess they earn more renting then mining but well without a roi the program wouldnt work,soo some of them are getting profit .

The owners of the rigs are the one's that get the profit mainly.   Most renters are either solo miners or alt miners.  Alt miners are a little harder to predict ROI as they very so much.  Some who mine an altcoin at right time and sell later on might make bank.  But others can loose money.

Places like most rentals are higher then what the rig would bring mining BTC so there is that premium.   But I am suprised quite a lot nicehash/westhash is under BTC price.  But add fee's and pool fees almost always you are going to lose money if mining BTC and paying in BTC.

And this is why I decided renting my miners was more lucrative tan mining btc directly at any pool. There are exceptions to this bit I don't have the time myself to mine the most profitable coin right now all the time because it changes more often than what my schedule will allow me to follow.  As many before have pointed out, more times than none renting miners/hasrate is less efficient than buying/trading for the coin you want to mine.

Well Kano has been good so i didn't even get tempted to rent;

30 Day Average
0.00957791
0.00980846
0.00980846

Even with the current slump, its still more than the 0.0090 i saw i could get on mining rig rentals and nicehash has been paying very pool for Sha256 lately.

It sound kind of a hassle to have to deal with people with rental contacts too.

How many ths is that payout for 1?

30 days average is per TH/s/day.
http://ckpoolmonitor.zachmonroe.com/index.php

Heres the raw;
Date   Total Payout   Average Hashrate TH/s   Average BTC/TH/s/Day   3 Day Average   5 Day Average   7 Day Average   30 Day Average
2015-10-05   -   2,167   0   0.00313703   0.00576563   0.00563194   0.00957791
2015-10-04   24.79463485   2,464   0.00941110   0.00313703   0.00788472   0.00563194   0.00957791
2015-10-03   -   2,714   0   0.00647235   0.00600250   0.00607684   0.00980846
2015-10-02   -   2,557   0   0.01000416   0.00600250   0.01111134   0.00980846
2015-10-01   50.07366488   2,643   0.01941705   0.01000416   0.00850758   0.01111134   0.01141845

We had a 70% luck last 7 days and we're still at 0.009577/ths/day.

Oh wow. Thank you for providing quality info!  I did not know about this pool until right now.... you learn something new everyday! Do you have any more free useful knowledge to share? ( seriously in not being sarcastic) I honestly enjoy learning everything I can

Cats are awesome.

I mean, unless you pick a topic or ask a question, i can't really know what would be useful. I need something to work with. I like to learn so if someone ask something i don't know and i'm interested in the topic i'll usually research it and then i'll know the answer.

Relevant to this topic, i can say that i based my comparison with the best prices i found which was Betarigs;
https://www.betarigs.com/

You can still get over 0.01/ths/day. Kano seemed competitive enough to not bother with the hassle of dealing with "Customers". Damn i hate customers.

It's been a LONG time since I used betarigs there was another site back then during scrypt that normally paid better but cant remember it for the life of me.

As long as you give the speed advertised chances are you will not have to deal with customers.   Only problem is if they don't set it up proper on pool, then you have to contact them and warn in some cases.  In my scrypt day's some set difficulty far to low or high and if not corrected it appeared rig was running bad.

But with SHA it should be more easy with the nice stratum servers most pools have.

Its just that if i want to fix or change my setup a bit, it would cut hashrate for a bit and cause issue. Its a contract so you're somewhat liable. If i'm on Kano and my miner go out for an hour, it usually doesn't even make a difference on my return if i do it during a bad block.

For renting, the other one i know and is fairly old is https://www.miningrigrentals.com/. The one i prefer is nicehash but it has very poor SHA payout lately.

Yes is you are renting if you mess with miner likely you will need to compensate them with some time.  You need to do the fix/changes between contracts you can take rig down to do this after contract is over.

miningrigrentals is quite a bit more on pay the nicehash.  Nicehash just seems to have been pretty bad for a while I'm suprised anyone is pointed at it.  Is there any new sites anyone knows of? Is is MRR still the biggest as far as renting (not including nicehash)

Keep in mind that folks that rent out mining rigs expect to make more off the rental than mining with that rig would net them, or they wouldn't bother renting out the rig.

Well it should be all automatic,the thing is to from new miners or people that dont know like me how to set up the details needed the support should be given with images step by spet this way would be better and easy to anyone being able to mine and well lets see the result since some invested to see how it will goes,let us know later the result if you had achieved profit and how  much in % it were.

Lucky me is owning my gear and can either someday rent some blocks of time to other people just for a few "quickish" mBTC or so. Else I can just go on and mine for myself

for both altcoins and BTC in different shifts.

Personally i think no, why sell it when you can earn more from it? But if you mean those sites where you rent miners short time i see a lot of potential if you jump on the right coin in the right moment. I did that with Blackcoin on the launch for example (also others, but that was the most profitable one) i would usually see that i mine for like 12-24 hours and then stop, wait a few days (or for the next pump if the coin was active and pushed) and sell.

The thing is most sha alt coins are crap/pump and dump coins. There really is not a second sha coin that most want to hold.   So this makes renting hard as nothing besides BTC really brings good money.

On rental you will pay MORE then what it costs to mine the BTC.  So unless your pool was lucky or you are doing massive solo mining chances are it's a bad bet. Only thing is nicehash for some reason seems to be under sha price sometimes but add fees it really is not a super deal even when it appears to be lower.

Buying BTC or owning the rig is best long term.

I KNEW IT! I cottonpicking knew it! I was RIGHT to actually go and buy a couple rigs. I am barely surviving by instinct in this and I was really thinking buying rigs of my own

would be helpful, not JUST for BTC, but also for altcoins to mine, baghold and trade for BTC as well. I could also rent hashpower out as well.

It depends on your ROI math and if it comes true, on if you made right decision.  But if you were costantly renting BTC miners, with BTC most likely you were losing money unless you were betting on luck.

But long term rentals really are not great.  Rentals should be a supplemental hash.  Not something that needs to go 24x7 for weeks.

Well sure there are some people that keeps profit from renting plans otherwise the rigs wouldnt be running and the websites would be down.

Not really some people just assume they are getting paid more look at Nicehash.  Currently it is paying 5 percent less then if the owners would have got 100 percent of BTC mining.  And its under the amount they would get on the 24 hours on pool if its getting 100 percent.

Yes a site like betarigs is better but they have been shrinking on renters and amount of rigs it seemed to be as I looked at it.

I guess is best to trade bitcoin and altcoins,bitcoin value is good to invest ,mining renting would be great if there is a garantee that you will proof even being 20k satoshis for ghs..... the risk involved is you cant predict the result.

That is the hard parts. There is solo mining with huge amounts of luck involved and great profit as a possibility.   Lower rentals seem the fees kill most of the profit.

PPS is going to be hard on it with fees so guaranteed profit is not there.  Other kind's of mining are there but luck plays a factor.  So it's kinda gambling I see it as unless you are the one renting the miner.  The owner is the winner.

For altcoins yes! for btc is stupid as hell!!!

This is BTC part of forum not altcoin.  So we should be talking about BTC.  So it is not smart to mine BTC and pay with BTC in general.  (Assuming not lotto mining).

And even on altcoin it sometimes is harder to justify then just buying.

no even for altcoin it's not profitable, otherwise it mean that who is renting is losing a chance to make more profit

yeah you can find some stupid like that, that didn't the math but they are not the standard

If you rent a lot of hashrate at -10% of the average Bitcoin profitability, you would stand to gain 8~9%~ overall profit on your investment after fees. But you'd need to truly rent a ton of it and have a big BTC rollover to get through variance until you normalize.

Getting it at negative 10 is not really that easy though.  Nicehase has been pretty consistent around -5 or so.  So it is less.... but fees and such make it where you would lose just renting.

I'm sure it happens everyonce in a while but as general rule renting BTC mining with BTC is a loss.

Bit x cloud ,someone said 1ghs gives around 130 satoshis,soo these value are fixed or volatil?And the roi calculated at btc is around 3 years.Altcoins get pumped and dumped if lucky the coins mined can turn into profit but well is a shot in the dark the same way as rent and wait to roi .

I don't know current price.  If you sign into Bit-x you can see the hash market.   I suggest taking a look at it if interested.

I would not base it off what someone say's.  There is a lot of info that is crap to be honest.  But do some research and see what you think.  I know I have trusted 2 sites with a little on cloud.  But I always say don't let me push you into it.

Well im member of there already ,but not interested at all at cloud since i know that is almost impossible ro roi,if the website doesnt allow you to resell the hash to others,i had used cex.io and well i were able to roi since the hash market is like bitcoin up and down.

Bit-X has a hash market.  I don't know the most about it as I have not sold it.  But it has open buying and selling.  So I would think  you could sell.

But I am still a lot bigger in hardware as I enjoy to tinker.  I have a little in the "cloud" but not tons.

Well i were at clould when bitcoin were on the 360 dollars i guess,nowadays i dont know the interest on buying and selling hash,on that time  i guess around 100ghs were trading daily.

Cloud is kinda a separate investment then rental.  Cloud is more longterm (in most cases).  Rental's are usally a short time.

Just holding has been pretty amazing (269 atm on BTC).  So I'm really happy on price.

it can only be profitable on new altcoin if you instamine with tons of hashpower rented for 3 hours max, or even less if possible, because the outcome of a new alt is unknown there is the chances of a big gain

i would not try it for anything else, but it was profitable with cointellect, very profitable :D

The problem is there is not a lot of new altcoins worth mining really.   This has happeneded a few times (paycoin days) where price jumped to rediclous prices on renting. 

But for most part we have not seen this for a while I would say.  BTC is pretty much what everyone is mining as far as sha.

Altcoins has no market cap ,the most coins makes the ico steall bitcoins and pay a fee to the exchange and well lets say 3 months and the coin is dead 99% of the new altcoins will turn into scam,the market is full soo just those who has some plans will moove on.

ok mining rig rentals I think is not a really good idea for mining BTC because the rent price is not equal between many rigs and it's usually above the what you can make profit from so that rig's owner can make money and pay for the electricity too

It's gone down from it's height.  But at one time rig owners would make a decent amount extra selling hash.  Part of only reason I ROI'ed on my a2 was rentals.   But nicehash took the entire maket pretty much.  It's so easy just a lot of people use it at this point.

It is currently at -2 percent average on BTC.  Unless lucky on a pool that 2 percent will not make you any money after fees.  The one who rents the rig gets the most. You really can't long term rent machines for profit on BTC.

An ICO would make it profitable if the coin had a following and a decent price.  I got out of the mining game because Florida is too hot to keep home mining profitable and the power cost is to great for me. 

The heat is a challenge for anyone that setup's a decent amount of miners.  I had to do a lot off CFM's of fans to get through the summer.

I'm lucky winter is coming and it's cooling down.  But for initial investment I now can mine during summers from this point on with using fan's and not AC which saves a lot of money.

Whats the ambient temp of your mining room? If I didn't use ac it would get up to 84 degrees inside which I didn't allow my miners to run in.  I mean how hot does a data center get?

It's already in winter air now so it's actually pretty cool.   Mine got hot during summer but I pushed it with lot's of CFM's.   I don't live in a area evaporation cooling would would work with humidity.

This is like 15k CFM pushing air through where miners are:



Then the problem was I needed more exhust so I used a lot nicer gable fan - http://www.homedepot.com/p/QuietCool-Professional-3013-CFM-Power-Gable-Mount-Attic-Fan-AFG-PRO-3-0/206047381

But on temp it was 80F ambient maybe some day's in 90F  at it's hottest.   But with all the CFM's it made it through it no problems.

I would cringe with my miners in a room that hot lol. Guess they can run in hotter areas than I thought

I did a little most of time it was 80's or less.  The 90 day's I did not enjoy that's what caused me getting the big fan's.  And it worked perfect with the new gable fan it could push air out very quickly.  Part of it is that it is hot when you run 12-14k watts in a area of miners.   

Now it's winter weather for most part and very cool.   So great weather right now.  And most likely will remain this way till summer.

Problem is South Florida winters are hot as well. Imaging December and being at the beach in flip flops and shorts.  I need to move to a folder area to mine with a lot of power.

you can put them underground if you have the possibility, or do some refrigerator stuff, in the room where you hold the miners

and anyway how do you mine in summer, if in winter is already hot?

Downclocking it in the morning and overclock it slightly at night? Alternatively, place it somewhere away from the sun.

I wouldn't consider to go with refrigerant. Unless you have a backup UPS, in case of power failure, your miners can short out due to condensation forming on it.

Seems like it's still very profitable for new coins that are doing well in price index, some people jumping to conclusions here.

Unfortunately, many new coins are also unstable and move dramatically up or down without warning more than some more well-developed coins. While it's true that renting a rig during a coin's first days may help you earn quite a lot of that coin, it's not always practical and it may just be a waste of BTCitcoin in the end. I enjoy the risk and occasionally mine on other SHA256 coins with my rigs, but it's mostly just fun and only a few coins have panned out for me, most of which provide almost no profit.

That's not a profitable miner if you just surfing around the web try to visit those legit website hardware miners where you can get more satoshi for 1ghs and it high aff in electricity or do the cloud mining invest on that it is more accurate and you can also gain more GHS by inviting your friend to invest it is more safe if the website has a more possitive feedbacks

The cost of setting up proper cooling in a mining room would probably be more expensive than the miners themselves.  Not to mention that the power requirements could easily lead to needing electrical work done, or simply not being able to get the capacity to a residential house.

Seems like running a single miner with upgraded fans would be the only real option if the heat is that bad and just give up on a full mining operation.

You mean a real hardware? hmm imo hardware like that wont be a profitable nowadays,, Why i say this? if you can calculate the electricity you will use too and the pay for renting theres a posibility that you will bankerupt and never make profit for the entire month it's much more better if you do cloud mining but before huh theres alot of plenty scammie site that could ran your money.

 8)
I can accept your rigs for 20-30% share. I have a very cheap power (3 cent / kWh). Placed in Russia. Any acceptable guarantees. Any volume. PM me.

I think OP lives in the U.S, you live in Russia. How is it possible for him to rent your rigs?

Simply he can send his rigs to me so I will put it into my farm.
$0.03/kWH (https://bitcointalk.org/index.php?topic=1630345) - you remember?