Bitcoin Forum
November 13, 2018, 05:30:34 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Online rentals  (Read 36 times)
MinerMEDIC
Jr. Member
*
Offline Offline

Activity: 98
Merit: 6

EE Technician/NASA intern 2013


View Profile
January 04, 2018, 09:59:42 AM
 #1

What is the point in renting from nice hash and miningrigrentals.com? My calculations seem to indicate that those are all breakeven( or very nearly) opportunities.

---Hi, I'm Jay & I FIX ANTMINER S9 HASH BOARDS---(& pay half of BITMAIN cost) Purdue AS EET Chicago txt(24/7):219.525.7771
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542130234
Hero Member
*
Offline Offline

Posts: 1542130234

View Profile Personal Message (Offline)

Ignore
1542130234
Reply with quote  #2

1542130234
Report to moderator
1542130234
Hero Member
*
Offline Offline

Posts: 1542130234

View Profile Personal Message (Offline)

Ignore
1542130234
Reply with quote  #2

1542130234
Report to moderator
1542130234
Hero Member
*
Offline Offline

Posts: 1542130234

View Profile Personal Message (Offline)

Ignore
1542130234
Reply with quote  #2

1542130234
Report to moderator
Welsh
Staff
Legendary
*
Offline Offline

Activity: 1414
Merit: 1380



View Profile
January 04, 2018, 12:57:18 PM
 #2

There isn't any point. If you want to get into mining then you need to make the investment yourself and not purchase contracts from these sites. Why would it make sense for them to rent out their mining rigs to people  and promise returns? When they could just mine and keep all the profits themselves.


MinerMEDIC
Jr. Member
*
Offline Offline

Activity: 98
Merit: 6

EE Technician/NASA intern 2013


View Profile
January 05, 2018, 05:16:56 AM
 #3

There isn't any point. If you want to get into mining then you need to make the investment yourself and not purchase contracts from these sites. Why would it make sense for them to rent out their mining rigs to people  and promise returns? When they could just mine and keep all the profits themselves.


I see only one scenario and that is selling the time for your miner for the next say six months so you have the capital to immediately purchase a second one and so on and so on.

---Hi, I'm Jay & I FIX ANTMINER S9 HASH BOARDS---(& pay half of BITMAIN cost) Purdue AS EET Chicago txt(24/7):219.525.7771
GloriousDonkey52
Newbie
*
Offline Offline

Activity: 68
Merit: 0


View Profile
January 05, 2018, 05:21:40 AM
 #4

What is the point in renting from nice hash and miningrigrentals.com? My calculations seem to indicate that those are all breakeven( or very nearly) opportunities.

I don't think renting to a miner is not much profitable than mining your own. Also, its better to mine using your own mining rig at least you have what you invested and not just by waiting small profit from renting.
stompix
Hero Member
*****
Offline Offline

Activity: 882
Merit: 739



View Profile
January 05, 2018, 07:35:38 AM
 #5

What is the point in renting from nice hash ....

You can make the next CEO happy.
The last one "stepped" down with around 5k bitcoins in a "hack".
Shouldn't you try to make the new guy as rich as the previous?

Now, in reality there is no point because instead of one guy (you) in this scheme 3 guys (the miner, nicehash and you) need to make a profit.
So each slice of pie will be a lot smaller.

It works if you want to play around, don't have money to buy a miner or expensive electricity at home.
You won't get rich by it but at least you won't die trying.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!