Bitcoin Forum

Other => Beginners & Help => Topic started by: yaloner on January 09, 2014, 09:59:07 PM



Title: Who rents hashes for alts?
Post by: yaloner on January 09, 2014, 09:59:07 PM
I want to mine a certain altcoin I believe in, but don't have the hardware for serious mining.
Is there a site where I can rent mining power for alts?
Thanks


Title: Re: Who rents hashes?
Post by: yaloner on January 10, 2014, 03:20:09 AM
What, no such thing?


Title: Re: Who rents hashes for alts?
Post by: 2bfree on January 10, 2014, 03:29:35 AM
bump, i'm interested in the same thing.


Title: Re: Who rents hashes for alts?
Post by: bithabit on January 10, 2014, 03:52:20 AM
I see people offering to sell "mining time" frequently but I just don't get it.  Why would anyone sell hashes for less than they're currently capable of producing in the highest valued coin?  It seems like an intrinsically bad deal for the buyer... 


Title: Re: Who rents hashes for alts?
Post by: Kluge on January 10, 2014, 03:54:27 AM
I see people offering to sell "mining time" frequently but I just don't get it.  Why would anyone sell hashes for less than they're currently capable of producing in the highest valued coin?  It seems like an intrinsically bad deal for the buyer... 
It's
a) effectively a loan for the duration (unless there's escrow involved)
b) Zero risk. No variance on returns. You'll get exactly what you plan on.