Doesn't make economical sense to rent a mining rig even at his prices.
1Ghash for a little over $400 USD. That will generate 0.66BTC a day @ the current difficulty level.
The next difficutly level will go up to about 1.6M or about 15% increase. This will decrease profits to about 0.56 btc a day.
Lets be generous and assume a 10% difficulty increase every 10 days.
Say I bought a mining contract today, this is about how much at the most I can expect to make in a month:
1) Difficulty goes up to 1.6M in 4 days, so I'd make .66BTC @ 4 days = 2.64
2) 1.6M difficulty (.56 btc) x 10 days = 5.6
3) 1.76M difficulty (.5 btc) x 10 days = 5
4) 1.94M difficulty (.45 btc) x 6 days = 2.7
Total: 15.94 btc in 30 days. Value according to current market prices: about 16 x 16 = $256 USD. Net loss of about $150 per month.
Reason to buy a mining contract =