suggestions on how to rent my hardware

[tonto]

Ok, so here's the scenario.  I'll have 2 ASICs coming in soon, and one of my friends wants to get into mining and might get on the waiting list for a BFL.
 
I am thinking of offering him to rent one of my mine until he gets one.
 
How would you all suggest for a fair rate of use/rent?

I don't mind doing a net-zero amount (just so I don't lose out of income).  Would you suggest maybe a percentage, and then when he gets his ASIC I get a percentage of his until we're "even" for the same amount of days that it takes for his to arrive?  (maybe have the percentages flip-flop) Or what are people doing this days for rent?

[1715269988]

1715269988

[1715269988]

1715269988

[1715269988]

1715269988

[1715269988]

1715269988

[1715269988]

1715269988

[420]

it can only mine the same # of coins

do u want the money or do u want him to have it?

[sounds]

It sounds like you want to actually move the ASIC to your friend's place. Would that be a really risky move?

I don't mean to talk bad about your friend – you probably trust him enough not to worry.

But just looking at renting an ASIC, the smart thing to do would be to leave them both plugged in at your place and only let him use remote access to control his. You can set up a VPN or something for that purpose.

Then charge him for:

1. electricity used
2. some of his profits

If someone actually took one of your ASICs home, I imagine they would seriously think about selling it here and running away with the money.

[tonto]

He's actually my coworker, and is interested in getting started, but only has a Mac mini, so no possibility of GPU mining.  I trust him 100%.

[bcpokey]

Renting an asic is a fairly risky proposition. Currently the network hashrate is *low* compared to the hashrate an ASIC can provide. This will not always be true, and in all likelihood will not be true for very long even. The coin generated by an asic will therefore drastically diminish over the coming weeks/months. If you are to rent during the most profitable period, you will need to charge a fairly exorbitant amount, or you are basically cutting your own pocket and spilling coins.

Mining rental contracts tend to be inherently unfair, either to the renter or rentee, based upon the contract specifications. I personally wouldn't recommend it between friends.

[sounds]

Listen to bcpokey.

I really, really don't want to come back and read that you two aren't friends anymore.

You could still do a net-zero arrangement but keep the ASIC located at your place.