Loan Mining Rig

[athomas1]

Since the reward has been halved an people are theoretically turning off their GPU rigs; will there be people willing to loan their rigs to those with free electricity (like me) until they are paid off? Would even buy half the rig(s) upfront and then work lets them run to buy out the next half.

[BurtW]

Just curious, where are you getting free electricity?

[mjc]

Its a one two punch.  The halving is today in the next few weeks ASIC will hit the market.  That will drive down the mining capability 1/10 to 1/20th the current.  Its not worth it.

[athomas1]

I thought asic's kept getting pushed back -- is litecoin a viable option for gpu mining?

[athomas1]

Also I pay for my electricity at the beginning of the year and can use whatever I need in the next year.