Mining rigs rental is that profitable?

[notlist3d]

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.

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[Coinminer11]

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.

[VirosaGITS]

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.

[Coinminer11]

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?

[VirosaGITS]

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.

[Coinminer11]

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

[VirosaGITS]

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.

[notlist3d]

snip
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.

[VirosaGITS]

snip
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.

[notlist3d]

snip
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)

[QuintLeo]

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.

[knowhow]

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.

[jmintuck02]

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.

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.

[herbst]

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.

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.

[notlist3d]

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.

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.

[jmintuck02]

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.

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 SHA256 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.

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.

[notlist3d]

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.

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 SHA256 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.

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.

[knowhow]

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

[notlist3d]

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.

[knowhow]

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.