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November 11, 2013, 05:01:04 PM |
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Hi guys, first post so please be gentle.
Through my currently short adventure in to the world of Bitcoin, I've come across an increasing number of individuals/organisations offering GH/s up for rent. Now, is this option a profitable one? when one takes in to the account the cost of running the hardware, not to mention the initial cost of purchasing, is it an avenue many miners have explored? or more of a gag for the less informed to hand over their hard earned cash? Here in the UK the approximate cost per KW/h is around $0.22 about 30% more than across the pond, and with the ever increasing difficulty soon you'll need 2TH/s to get a decent return if you purchase the device (just an estimation).
Minerlease is one company which offers the service, although I think they're quite expensive. However as some topics/articles have stated the cost of BTC could reach $1000, again yes I understand this is entirely speculation but say if you made 2 BTC over the year, that would most likely cover your costs of rental and you'd make a tidy profit from doing well.....nothing.
So, what are your thoughts?
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