Mining rigs rental is that profitable?

[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.

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?

It's already in winter air now so it's actually pretty cool.   Mine got hot during summer but I pushed it with lot's of CFM's.   I don't live in a area evaporation cooling would would work with humidity.

This is like 15k CFM pushing air through where miners are:

Then the problem was I needed more exhust so I used a lot nicer gable fan - http://www.homedepot.com/p/QuietCool-Professional-3013-CFM-Power-Gable-Mount-Attic-Fan-AFG-PRO-3-0/206047381

But on temp it was 80F ambient maybe some day's in 90F  at it's hottest.   But with all the CFM's it made it through it no problems.

[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?

It's already in winter air now so it's actually pretty cool.   Mine got hot during summer but I pushed it with lot's of CFM's.   I don't live in a area evaporation cooling would would work with humidity.

This is like 15k CFM pushing air through where miners are:

Then the problem was I needed more exhust so I used a lot nicer gable fan - http://www.homedepot.com/p/QuietCool-Professional-3013-CFM-Power-Gable-Mount-Attic-Fan-AFG-PRO-3-0/206047381

But on temp it was 80F ambient maybe some day's in 90F  at it's hottest.   But with all the CFM's it made it through it no problems.

I would cringe with my miners in a room that hot lol. Guess they can run in hotter areas than I thought

[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.

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?

It's already in winter air now so it's actually pretty cool.   Mine got hot during summer but I pushed it with lot's of CFM's.   I don't live in a area evaporation cooling would would work with humidity.

This is like 15k CFM pushing air through where miners are:

Then the problem was I needed more exhust so I used a lot nicer gable fan - http://www.homedepot.com/p/QuietCool-Professional-3013-CFM-Power-Gable-Mount-Attic-Fan-AFG-PRO-3-0/206047381

But on temp it was 80F ambient maybe some day's in 90F  at it's hottest.   But with all the CFM's it made it through it no problems.

I would cringe with my miners in a room that hot lol. Guess they can run in hotter areas than I thought

I did a little most of time it was 80's or less.  The 90 day's I did not enjoy that's what caused me getting the big fan's.  And it worked perfect with the new gable fan it could push air out very quickly.  Part of it is that it is hot when you run 12-14k watts in a area of miners.   

Now it's winter weather for most part and very cool.   So great weather right now.  And most likely will remain this way till summer.

[Coinminer11]

Problem is South Florida winters are hot as well. Imaging December and being at the beach in flip flops and shorts.  I need to move to a folder area to mine with a lot of power.

[Amph]

Problem is South Florida winters are hot as well. Imaging December and being at the beach in flip flops and shorts.  I need to move to a folder area to mine with a lot of power.

you can put them underground if you have the possibility, or do some refrigerator stuff, in the room where you hold the miners

and anyway how do you mine in summer, if in winter is already hot?

[ranochigo]

Problem is South Florida winters are hot as well. Imaging December and being at the beach in flip flops and shorts.  I need to move to a folder area to mine with a lot of power.

you can put them underground if you have the possibility, or do somerefrigerator stuff, in the room where you hold the miners

and anyway how do you mine in summer, if in winter is already hot?

Downclocking it in the morning and overclock it slightly at night? Alternatively, place it somewhere away from the sun.

I wouldn't consider to go with refrigerant. Unless you have a backup UPS, in case of power failure, your miners can short out due to condensation forming on it.

[DarkStar1O9]

Seems like it's still very profitable for new coins that are doing well in price index, some people jumping to conclusions here.

[leowonderful]

Seems like it's still very profitable for new coins that are doing well in price index, some people jumping to conclusions here.

Unfortunately, many new coins are also unstable and move dramatically up or down without warning more than some more well-developed coins. While it's true that renting a rig during a coin's first days may help you earn quite a lot of that coin, it's not always practical and it may just be a waste of BTCitcoin in the end. I enjoy the risk and occasionally mine on other SHA256 coins with my rigs, but it's mostly just fun and only a few coins have panned out for me, most of which provide almost no profit.

[Docnaster]

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.

That's not a profitable miner if you just surfing around the web try to visit those legit website hardware miners where you can get more satoshi for 1ghs and it high aff in electricity or do the cloud mining invest on that it is more accurate and you can also gain more GHS by inviting your friend to invest it is more safe if the website has a more possitive feedbacks

[cooldgamer]

Problem is South Florida winters are hot as well. Imaging December and being at the beach in flip flops and shorts.  I need to move to a folder area to mine with a lot of power.

you can put them underground if you have the possibility, or do some refrigerator stuff, in the room where you hold the miners

and anyway how do you mine in summer, if in winter is already hot?

The cost of setting up proper cooling in a mining room would probably be more expensive than the miners themselves.  Not to mention that the power requirements could easily lead to needing electrical work done, or simply not being able to get the capacity to a residential house.

Seems like running a single miner with upgraded fans would be the only real option if the heat is that bad and just give up on a full mining operation.

[molsewid]

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.

You mean a real hardware? hmm imo hardware like that wont be a profitable nowadays,, Why i say this? if you can calculate the electricity you will use too and the pay for renting theres a posibility that you will bankerupt and never make profit for the entire month it's much more better if you do cloud mining but before huh theres alot of plenty scammie site that could ran your money.

[cccp]

 
I can accept your rigs for 20-30% share. I have a very cheap power (3 cent / kWh). Placed in Russia. Any acceptable guarantees. Any volume. PM me.

[Daisy14]

I think OP lives in the U.S, you live in Russia. How is it possible for him to rent your rigs?

[cccp]

I think OP lives in the U.S, you live in Russia. How is it possible for him to rent your rigs?

Simply he can send his rigs to me so I will put it into my farm.
$0.03/kWH - you remember?