Bitcoin Forum

Bitcoin => Group buys => Topic started by: ezeminer on February 27, 2015, 07:47:05 AM



Title: Would Anyone try a group rental?
Post by: ezeminer on February 27, 2015, 07:47:05 AM
It sounds crazy but would anyone want to try a group rental?
I was only wondering since miningrigrentals has a 500TH, well sorta looking thing, that is up for rental.
500TH (http://rentrig.co/rigs/7112)
Other 500TH (http://rentrig.co/rigs/7471)
400TH (http://rentrig.co/rigs/7132)

If people would want to buy shares to have it aimed at a solo pool.
Shares could be percentage wise of the total cost, as well as total payout.

Escrowed for sure, by someone willing to collaborate or do work.


Title: Re: Would Anyone try a group rental?
Post by: philipma1957 on March 01, 2015, 08:10:17 PM
not cost effective.

nicehash has a fixed contract much cheaper.

your link wants 300th minimum    so a  1 day contract  cost 3.99 btc

nicehash will do 50th  1 day fixed  for  .55 btc   it is a little cheaper and no escrow to worry about.


Title: Re: Would Anyone try a group rental?
Post by: ezeminer on March 01, 2015, 08:28:00 PM
not cost effective.

nicehash has a fixed contract much cheaper.

your link wants 300th minimum    so a  1 day contract  cost 3.99 btc

nicehash will do 50th  1 day fixed  for  .55 btc   it is a little cheaper and no escrow to worry about.
Thanks for the information philip!


Title: Re: Would Anyone try a group rental?
Post by: lowbander80 on March 03, 2015, 07:21:26 AM
group rental and mine solo yes but no real reason to do it
if someone want to play with solo mining just mines or rents for himself...


Title: Re: Would Anyone try a group rental?
Post by: Quickseller on March 04, 2015, 01:04:12 AM
All three of your offers have an asking price of 0.01330 BTC per TH/s per day. However 4% PPS would result in a payment of 0.01034174 BTC per TH/s per day. The total hash rate of all of the offers you posted do not have a high enough of a hash rate for it to make sense to try to solomine (if you did then you would be buying very expensive lottery tickets), so you would need to point them at a pool. In order for these rentals to be profitable for you, the pool you have the rented mining power pointed to would need to have at least 128% luck over the time you have the hash rate rented for, which is very high.

This might make more sense if you can get the owner to lower their asking price to closer to a price that works out to 100% luck, and hopefully the pool you point them to would have good luck on the day you rent them.