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Buying/Selling hashing services?
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Topic: Buying/Selling hashing services? (Read 527 times)
vadoff
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Buying/Selling hashing services?
December 31, 2013, 06:42:02 PM
#1
I don't really understand why anyone would sell hashing when they could just mine with it. Can anyone enlighten me?
mjc
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Re: Buying/Selling hashing services?
December 31, 2013, 07:19:32 PM
#2
hardware companies make their money selling hardware. They sell so much that they can make more selling their product if they can sell into the future, such that miners have a hard time deciding if they should buy or not.
As for anyone else, they are simply minimizing their exposure or they are taking advantage of someone.
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carolynwneal25
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Re: Buying/Selling hashing services?
December 31, 2013, 08:17:59 PM
#3
it is really good type business mate..
odolvlobo
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Re: Buying/Selling hashing services?
January 01, 2014, 04:56:43 AM
#4
Quote from: vadoff on December 31, 2013, 06:42:02 PM
I don't really understand why anyone would sell hashing when they could just mine with it. Can anyone enlighten me?
They sell hashing because there are many people that will pay more for mining than they will receive. I don't know why people are happy to lose money on mining but they are, and there are companies that are happy to accommodate them.
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Carlitos714
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Re: Buying/Selling hashing services?
January 01, 2014, 06:36:18 AM
#5
I did it when dogecoin took off. I couldnt mine what I wanted so I paid someone to mine for me. I broke even by selling my dogecoin and still have a good amount in my wallet just sitting there. We will see if I every goes back up. You have to play it right or else you end up losing money. In the end you really dont know what altcoin is going to "make it" so its always a risk.
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edutBTC
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Re: Buying/Selling hashing services?
January 01, 2014, 08:03:51 AM
#6
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