Profitability of buying a mining rig and leasing rig?

[ThEmporium]

 I was thinking about getting a minning rig and leasing it all the time , yes if I could find the most valuable coin or the coin who will jump in price but leasing it is much safer.

 So how about getting a rig together and leasing it? Is it a viable option for profit? Also if anyone of you have done it , is it hard to manage it? I am not at home 24/7 I usually go out to work , so I might not be always online to fix a problem.

 What do you guys think?

[odolvlobo]

The first question you have to answer is how much will the rig cost, how much will it cost to mine, and how much will the rig mine? Spending money without answering those questions is foolish.

Second, leasing a rig doesn't make sense. Basically, you don't want to lease it for less than it mines (because you could make more money mining), and nobody with a brain will lease the rig for more than it will mine.

[sana8410]

Can google online for "bitcoin calculator"

Don't lease it unless they are willing to pay for advance for many months.

[Domino]

The first question you have to answer is how much will the rig cost, how much will it cost to mine, and how much will the rig mine? Spending money without answering those questions is foolish.

Second, leasing a rig doesn't make sense. Basically, you don't want to lease it for less than it mines (because you could make more money mining), and nobody with a brain will lease the rig for more than it will mine.

Generally agree with your points, but I would like add a little bit info on your very last point.
In fact, I do know a few persons renting scrypt hashrate at premium to mine some new-born coins and hoping it will hit an exchange (and the price will go up significantly).

[bitgeek]

The first question you have to answer is how much will the rig cost, how much will it cost to mine, and how much will the rig mine? Spending money without answering those questions is foolish.

Second, leasing a rig doesn't make sense. Basically, you don't want to lease it for less than it mines (because you could make more money mining), and nobody with a brain will lease the rig for more than it will mine.

Generally agree with your points, but I would like add a little bit info on your very last point.
In fact, I do know a few persons renting scrypt hashrate at premium to mine some new-born coins and hoping it will hit an exchange (and the price will go up significantly).

If you think in these terms you might as well buy a rig. Renting is profitable only if you can't afford one and still want to invest, but then why not just buy coins and hold?

[dharmapuriharithaa]

Leasing is safer than mining in altcoins. We don't know which coin price will rise. You can fix price in leasing. If none is leasing you can mine yourself automatically in many leasing sites.