Investing in rigs crosscountry

[Narydu]

I'm  not a miner yet but in argentina i believe we pay $0,07 per kw. This would be intresting for investors as to rent space and elrctricity for keeping rigs. People could earn money from renting and investors money from mining in more cost effective locations. Its like hireing cheaper workers abroad. Is this done? Investors should pay for the hardware obviously. This thread goes in hand with thre renting hashes thread.

[1715077263]

1715077263

[1715077263]

1715077263

[Dargo]

It's an interesting idea, and I'm pretty certain it hasn't been done. But think of the trust hurdle. Investors are supposed pay for rigs and put them in the hands of someone in another country who they likely have never met and know very little about? Not many are going to go for that. Especially when the profit potential looks as bad as it does now. A lot of risk and not much hope for gain.

[Reckman]

This has been done before, I've seen people doing this for .03 USD/kW power cost in Russia and Poland

[Narydu]

What wrould take for someone to trust into the renter. Perhaps could be an alternative income for known IT Technical Support Bussinesses which could deal the renting and the mainenance and be backed by heir own offline known enterprise. I could try to find one in argentina if any is interested... I'm not trying to do bussiness for me, just give some ideas to the community.

[Dargo]

I'm having trouble thinking of anything that would make me trust to the point that I'd be willing to ship my rig to some folks in Argentina. Maybe if I could get insurance from a reputable source that would cover me in case of loss, damage or theft? But now with the shipping and insurance, we are talking about costs that offset the advantage of cheaper power. Also, I think I'd want to be convinced that mining would stay profitable long term, and right now that's pretty hard, even at cheap electric rates.

[Narydu]

I understand your point, though it's just math to do. Beside selling such hardware local once you don't use them might be a better deal than selling them at UsA.

[Dargo]

I understand your point, though it's just math to do. Beside selling such hardware local once you don't use them might be a better deal than selling them at UsA.

Not sure what you mean by "its just math to do." Hardware could be sold locally, but again this takes a lot of trust. Anyway, not trying to shoot the idea down at all. It's worth thinking about. But there are definitely some problems to solve.

[Chucksta]

The only way to 100% solve the trust issue would be if the person housing the mining farm buys the equipment, then rents out the hashrate (user). And the person renting the hashrate uses pools, then the miners can be set to contribute to the user's pool account.

The user can see for themselves the hashrate they are contributing via their pool account.

And of course make sure the pool account's ID and password are different to the mining worker's ID and password. That way the only person who can access the account will be the user.

[Bossland]

This has been done before, I've seen people doing this for .03 USD/kW power cost in Russia and Poland

Dream on,

you will never see such prices! Because there are no such ones in Europa.

http://epp.eurostat.ec.europa.eu/tgm/table.do;jsessionid=9ea7974b30e399c2b747b2504dc2b355eb5fe64fa902.e34SbxiPb3uSb40Lb34LaxqRb3aTe0?tab=table&plugin=1&language=de&pcode=ten00114