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Author Topic: Buying & Selling idle GPU Capacity on SpotCloud  (Read 5949 times)
fascistmuffin
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June 22, 2011, 10:15:29 PM
 #21

Just think this from a profit standpoint:

If you generated X bitcoin with Y hashing power, would you really want to rent that for anything less than what you'd be getting from selling bitcoins?
If you're buying Y hashing power, would you want to rent it for more than your making from selling X bitcoin?
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ruv
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June 22, 2011, 10:18:50 PM
 #22

Just think this from a profit standpoint:

If you generated X bitcoin with Y hashing power, would you really want to rent that for anything less than what you'd be getting from selling bitcoins?
If you're buying Y hashing power, would you want to rent it for more than your making from selling X bitcoin?

Exactly, a classic arbitrage model. Although it might be easier to sell 10 or even 100 hours of GPU /CPU time for 1 bitcoin then it would be to mine that coin depending on the complexity and effort involved in mining a single coin.

@ruv
X68N
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June 22, 2011, 10:35:05 PM
 #23

Interessting i also thougt about it last week, that someone should invent this business type for private users ;-)

1.30 % is no go
start at 3% and go up to 9% MAX. when you have grown up like a big Name like ebay (they also take 9% now in Germany)

2. It becomes an interesting alternative way , when mining is not profitable anymore in 2 Months or so.
ask then again .-)

greets

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