Been mining at Leaserig for a week, just experimentally, and had good results, no problems, everything fine but then I made the mistake of talking on the Chat, see transcript below so Be warned.
Anyway, after a week and some calculations I came to the conclusion that it's possibly better to own the rigs than rent them...But then of course there's the cost of buying the rigs or at least the GPUs, so its swings and round abouts. Not sure if this guy is going to interfere with my ongoing mining, I'll let you know, but anyway, I'm looking into trying to find alternative mining rigs for hire.
Leaserig seem to be about 0.0024BTC per MHash Scrypt.......Which Is maybe $1 per day, which for experimental purposes is quite reasonable but it's $360 Dollars per year and I could maybe buy a GPU for my PC and Mine myself maybe get 2 - 5 years worth of mining out of it.
My rough calculations suggest that if there was somewhere out there selling cheaper Hashes it still might be OK to hire rigs online with a contract. Are there any other places that Hire rigs online, like Leaserig for the same or maybe even better. So I can hopefully make mining even More efficient.
I seem to recall seeing a 1yr contract somewhere for $130 cant remember where I saw the ad.
Anyway, here's the Conversation I had with Leaserig on their Chat thingy....
I sort of worked out that mining the coins is only the first step, there are other steps to profitability like Arbitrage, mine and Hold as a possible investment etc.
== royalecraig [95feba8e@gateway/web/cgi-irc/kiwiirc.com/ip.149.254.186.142] has joined
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https://coinking.io #coinking Multi-Pool
Topic set by miaviator!sid33046@gateway/web/irccloud.com/x-jfdaawulwgcnfstc at Tuesday, June 10, 2014, 16:37:21
royalecraig
evening all
hutnik
evening
royalecraig
or morning depending on where you are
royalecraig
Im in the UK
hutnik
I'm slightly east from UK
royalecraig
Oh, I'm slightly to the West of there.
miaviator
I'
miaviator
I'm slightly a pond away from there?
hutnik
so you're in UK and also west of there?
miaviator
A small pond
miaviator
with frogs
hutnik
how's that possible
miaviator
IDK
miaviator
could be an ocean
royalecraig
Yea, I'm schizophrenic, you have to be a bit like that to mine numbers for a hobby or living
miaviator
?
* miaviator slowly backs away
royalecraig
anyway, now we've all pinpointed exactly where we live...
miaviator
?
miaviator
You both live somewhere on the big island over there
miaviator
that's not very specific
miaviator
What's your Lat/Long? I'll pull up a satellite view
miaviator
and put a virtual pin in it
royalecraig
I was trying to come up with a formula how many coins I should earn while mining and come to the conclusion that
royalecraig
the people selling the pickaxes are the ones making the money
miaviator
LOL
royalecraig
So mining altcoins is only the first step towards millionaire status
miaviator
Don't forget about the people making the pickaxes
miaviator
Mining is like any war.
royalecraig
Oh yea, I forgot about them.
miaviator
Nicholas cage makes all the money?
miaviator
....
royalecraig
I heard the Bilderberg group make the money then lend it to us at full face value plus interest
miaviator
us or US or the royal us or ?
miaviator
What are we talking about here?
hutnik
based on my experience, the people who rent pickaxes makes the money
royalecraig
When I came on here a week or so ago I could hire machines for a week or so, now a lot of them seem to be for 1 hr
royalecraig
I means us as in Humanity
miaviator
I've heard about a study which showed that it's possible to "beam" images and certain ideas which change the brains dopamine and other neurotransmitter levels from a satellite.
miaviator
Hence the invention of the tinfoil hat
miaviator
Those 1 hour machines proly say they are for New customers and for LeaseRig platform testing.
royalecraig
I didn't see any BBC camera crews wearing tinfoil hats when they reported on the Bilderberg group meeting in Watford last year.
miaviator
I should require new providers to join IRC
miaviator
Hey man, just because you are only willing to reach so far into worldwide conspiracies doesn't make you correct!
miaviator
Don't be afraid to dig deeper.
miaviator
The mind control, the idea of bringing worldwide feudalism back
miaviator
The methods used to ensure a population is ready to accept full martial law
* miaviator gets the popcorn
royalecraig
Ah so you've heard of oathkeepers too,
miaviator
Don't forget the illuminati
miaviator
The bones
miaviator
The four alien races working with and against the US and world at area 51 for the last 60+ years
royalecraig
I already mentioned them, the Bilderberg group
miaviator
What is it
miaviator
the Greys, the Greens, the reptilians, and the beings of light
miaviator
?
miaviator
Wait you are mixing the Bilderberg with the Alien conspiracy?
miaviator
That's bold man.... That's bold
* miaviator looks for an aircraft aluminum hat for royalecraig
royalecraig
No Bilderberg are real, Aliens and the other stuff are to distract the mindlesss masses...
miaviator
Ohhhhhhhhhhhhhhhhhhhhhh
miaviator
Ok
miaviator
And religions?
royalecraig
Its a neat trick they play, because Aliens and Planet X are not real, then people willl think the Bilderberg group can't be real either
royalecraig
The problems we face are Bad guys.
miaviator
Here
miaviator
Here's another neat trick
== You have been kicked by miaviator (Conspiracy Theorist.)
royalecraig
Anyway, am I correct in thinking that
royalecraig
the first step to improving profitability in this game is to own the rig, not rent it
royalecraig
Hey, You actually, really kicked someone off for talking about the Bilderberg group. a group that is known to exist, are you for real....Well, yea, obviously you are...
