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Author Topic: where can i rent an ASIC miner  (Read 1617 times)
iberger85
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April 18, 2013, 12:21:27 PM
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where can i rent and asic miner if it's even possible?
if not, are there any services that offer mining for you instead?

thanks.
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John (John K.)
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April 18, 2013, 12:22:08 PM
 #2

where can i rent and asic miner if it's even possible?
if not, are there any services that offer mining for you instead?

thanks.

You'll have to pay much more than what the miners can earn. Does not make much sense to rent AFAIK...

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BitCoinHarlemite
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April 18, 2013, 12:23:05 PM
 #3

How about a group-buy, and split the proceeds?


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April 18, 2013, 12:30:59 PM
 #4

Why would anyone rent one for less than what they'd earn from having it plugged in and then no one benefits.

They are becoming very overpriced and only early investors (like in bitcoin) will end up making any money from them.

Just get some graphics cards if you really want to mine some. Or just buy some coins and hope that the price goes up!

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iberger85
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April 18, 2013, 03:48:03 PM
 #5

thanks guys,
i understand that in order for this arrangement to work, i'll have to pay more than one can mine.
this is why im offering to pay 5-8 % more than the amount of  bitcoins that will be mined.

do you think this is fair enough? and if so, do you know someone that will be interested (company, private holders)?

thanks again
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April 18, 2013, 03:54:48 PM
 #6

I believe you'd have better luck pouring money into bitcoin yourself. I don't think it's impossible.. it's just easier to buy bitcoin directly for what I think you're trying to do.

Fundamentally, if you were to rent an ASIC miner at a higher rate than they would mine money via BTC/USD, then that means you're purchasing on the prospect that BTC is going to go up in value from the time you mine it. You could just dump all of your money at the current rate and do the same thing as opposed to finding an ASIC miner that believes otherwise and renting from him.
lordblunt
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April 18, 2013, 04:50:04 PM
 #7

I don't think they rent them out. Why would you? It makes you money from running it, more than you would make renting one out.
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April 18, 2013, 05:05:18 PM
 #8

I don't think they rent them out. Why would you? It makes you money from running it, more than you would make renting one out.
You can rent it in some other currency, so you'll get better value than exchanging it on the exchange.
Signus
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April 18, 2013, 08:24:22 PM
 #9

You can't really rent an ASIC, especially since nobody has one.

If you can't afford the whole thing, try the group-buy option, but then how you actually split the usage of the ASIC becomes a problem, and ensuring that everybody gets fair usage is troublesome. There are people you can't trust.

But you'll profit best if you just invest.
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April 18, 2013, 10:37:59 PM
 #10

Group buy would be the smartest way for sure.
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