It's not like you can mine other alt coins and hopefully turn a profit based on the market right?
I see your point, but I'm asking for this??? How is this still an option for people?? I mean they must rent it out quite often to still be up... I'm curious
They probably have either free or nearly free electrical cost. It isn't easy for them to just sell their miners, the demands aren't super high. The site allows the providers to mine on their own pool and it is only switched when they have an order.
That being said, it is still very expensive and I believe there are several sites that have providers offering a lower price. It's probably either for altcoins or gambling to mine a block.
Belongs to service discussion btw.
Several ? I only know of nicehash and miningrentals. What are these other ones I would like to find more and compare prices. I also want to rather rent less power for longer but not have to pay so much more.
Most of the sellers list their mining power in miningrigrentals to earn more than mining bitcoin directly with their rigs.
Even though the price is higher, there are several buyers who like to rent some to mine few new altcoin on first day of launch so that they can be early miners and quickly dump those coin when they get listed in few trading platforms.
You the reason altcoins die. Also you so greedy you don't see the long term.
