Mining rigs rental is that profitable?

[notlist3d]

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.

That is the hard parts. There is solo mining with huge amounts of luck involved and great profit as a possibility.   Lower rentals seem the fees kill most of the profit.

PPS is going to be hard on it with fees so guaranteed profit is not there.  Other kind's of mining are there but luck plays a factor.  So it's kinda gambling I see it as unless you are the one renting the miner.  The owner is the winner.

[mavericklm]

For altcoins yes! for btc is stupid as hell!!!

[notlist3d]

For altcoins yes! for btc is stupid as hell!!!

This is BTC part of forum not altcoin.  So we should be talking about BTC.  So it is not smart to mine BTC and pay with BTC in general.  (Assuming not lotto mining).

And even on altcoin it sometimes is harder to justify then just buying.

[Amph]

For altcoins yes! for btc is stupid as hell!!!

no even for altcoin it's not profitable, otherwise it mean that who is renting is losing a chance to make more profit

yeah you can find some stupid like that, that didn't the math but they are not the standard

[VirosaGITS]

For altcoins yes! for btc is stupid as hell!!!

no even for altcoin it's not profitable, otherwise it mean that who is renting is losing a chance to make more profit

yeah you can find some stupid like that, that didn't the math but they are not the standard

If you rent a lot of hashrate at -10% of the average Bitcoin profitability, you would stand to gain 8~9%~ overall profit on your investment after fees. But you'd need to truly rent a ton of it and have a big BTC rollover to get through variance until you normalize.

[notlist3d]

For altcoins yes! for btc is stupid as hell!!!

no even for altcoin it's not profitable, otherwise it mean that who is renting is losing a chance to make more profit

yeah you can find some stupid like that, that didn't the math but they are not the standard

If you rent a lot of hashrate at -10% of the average Bitcoin profitability, you would stand to gain 8~9%~ overall profit on your investment after fees. But you'd need to truly rent a ton of it and have a big BTC rollover to get through variance until you normalize.

Getting it at negative 10 is not really that easy though.  Nicehase has been pretty consistent around -5 or so.  So it is less.... but fees and such make it where you would lose just renting.

I'm sure it happens everyonce in a while but as general rule renting BTC mining with BTC is a loss.

[knowhow]

Bit x cloud ,someone said 1ghs gives around 130 satoshis,soo these value are fixed or volatil?And the roi calculated at btc is around 3 years.Altcoins get pumped and dumped if lucky the coins mined can turn into profit but well is a shot in the dark the same way as rent and wait to roi .

[notlist3d]

Bit x cloud ,someone said 1ghs gives around 130 satoshis,soo these value are fixed or volatil?And the roi calculated at btc is around 3 years.Altcoins get pumped and dumped if lucky the coins mined can turn into profit but well is a shot in the dark the same way as rent and wait to roi .

I don't know current price.  If you sign into Bit-x you can see the hash market.   I suggest taking a look at it if interested.

I would not base it off what someone say's.  There is a lot of info that is crap to be honest.  But do some research and see what you think.  I know I have trusted 2 sites with a little on cloud.  But I always say don't let me push you into it.

[knowhow]

Bit x cloud ,someone said 1ghs gives around 130 satoshis,soo these value are fixed or volatil?And the roi calculated at btc is around 3 years.Altcoins get pumped and dumped if lucky the coins mined can turn into profit but well is a shot in the dark the same way as rent and wait to roi .

I don't know current price.  If you sign into Bit-x you can see the hash market.   I suggest taking a look at it if interested.

I would not base it off what someone say's.  There is a lot of info that is crap to be honest.  But do some research and see what you think.  I know I have trusted 2 sites with a little on cloud.  But I always say don't let me push you into it.

Well im member of there already ,but not interested at all at cloud since i know that is almost impossible ro roi,if the website doesnt allow you to resell the hash to others,i had used cex.io and well i were able to roi since the hash market is like bitcoin up and down.

[notlist3d]

Bit x cloud ,someone said 1ghs gives around 130 satoshis,soo these value are fixed or volatil?And the roi calculated at btc is around 3 years.Altcoins get pumped and dumped if lucky the coins mined can turn into profit but well is a shot in the dark the same way as rent and wait to roi .

I don't know current price.  If you sign into Bit-x you can see the hash market.   I suggest taking a look at it if interested.

I would not base it off what someone say's.  There is a lot of info that is crap to be honest.  But do some research and see what you think.  I know I have trusted 2 sites with a little on cloud.  But I always say don't let me push you into it.

Well im member of there already ,but not interested at all at cloud since i know that is almost impossible ro roi,if the website doesnt allow you to resell the hash to others,i had used cex.io and well i were able to roi since the hash market is like bitcoin up and down.

Bit-X has a hash market.  I don't know the most about it as I have not sold it.  But it has open buying and selling.  So I would think  you could sell.

But I am still a lot bigger in hardware as I enjoy to tinker.  I have a little in the "cloud" but not tons.

[knowhow]

Well i were at clould when bitcoin were on the 360 dollars i guess,nowadays i dont know the interest on buying and selling hash,on that time  i guess around 100ghs were trading daily.

[notlist3d]

Well i were at clould when bitcoin were on the 360 dollars i guess,nowadays i dont know the interest on buying and selling hash,on that time  i guess around 100ghs were trading daily.

Cloud is kinda a separate investment then rental.  Cloud is more longterm (in most cases).  Rental's are usally a short time.

Just holding has been pretty amazing (269 atm on BTC).  So I'm really happy on price.

[Amph]

it can only be profitable on new altcoin if you instamine with tons of hashpower rented for 3 hours max, or even less if possible, because the outcome of a new alt is unknown there is the chances of a big gain

i would not try it for anything else, but it was profitable with cointellect, very profitable

[notlist3d]

it can only be profitable on new altcoin if you instamine with tons of hashpower rented for 3 hours max, or even less if possible, because the outcome of a new alt is unknown there is the chances of a big gain

i would not try it for anything else, but it was profitable with cointellect, very profitable

The problem is there is not a lot of new altcoins worth mining really.   This has happeneded a few times (paycoin days) where price jumped to rediclous prices on renting. 

But for most part we have not seen this for a while I would say.  BTC is pretty much what everyone is mining as far as sha.

[knowhow]

Altcoins has no market cap ,the most coins makes the ico steall bitcoins and pay a fee to the exchange and well lets say 3 months and the coin is dead 99% of the new altcoins will turn into scam,the market is full soo just those who has some plans will moove on.

[zodiac3011]

ok mining rig rentals I think is not a really good idea for mining BTC because the rent price is not equal between many rigs and it's usually above the what you can make profit from so that rig's owner can make money and pay for the electricity too

[notlist3d]

ok mining rig rentals I think is not a really good idea for mining BTC because the rent price is not equal between many rigs and it's usually above the what you can make profit from so that rig's owner can make money and pay for the electricity too

It's gone down from it's height.  But at one time rig owners would make a decent amount extra selling hash.  Part of only reason I ROI'ed on my a2 was rentals.   But nicehash took the entire maket pretty much.  It's so easy just a lot of people use it at this point.

It is currently at -2 percent average on BTC.  Unless lucky on a pool that 2 percent will not make you any money after fees.  The one who rents the rig gets the most. You really can't long term rent machines for profit on BTC.

[Coinminer11]

An ICO would make it profitable if the coin had a following and a decent price.  I got out of the mining game because Florida is too hot to keep home mining profitable and the power cost is to great for me. 

[notlist3d]

An ICO would make it profitable if the coin had a following and a decent price.  I got out of the mining game because Florida is too hot to keep home mining profitable and the power cost is to great for me. 

The heat is a challenge for anyone that setup's a decent amount of miners.  I had to do a lot off CFM's of fans to get through the summer.

I'm lucky winter is coming and it's cooling down.  But for initial investment I now can mine during summers from this point on with using fan's and not AC which saves a lot of money.

[Coinminer11]

An ICO would make it profitable if the coin had a following and a decent price.  I got out of the mining game because Florida is too hot to keep home mining profitable and the power cost is to great for me. 

The heat is a challenge for anyone that setup's a decent amount of miners.  I had to do a lot off CFM's of fans to get through the summer.

I'm lucky winter is coming and it's cooling down.  But for initial investment I now can mine during summers from this point on with using fan's and not AC which saves a lot of money.

Whats the ambient temp of your mining room? If I didn't use ac it would get up to 84 degrees inside which I didn't allow my miners to run in.  I mean how hot does a data center get?