Use of Mining Rig Rentals

[Elserr51]

Hi all I need help on using the site Mining Rig Rentals, that is, I go to rent a rig to undermine an Altcoin, I choose a pool and how much I'm going to make the budget I go out that I always lose, now I do not understand if I am wrong to use the site or has it become non-profitable to rent the rigs?

[1713930295]

1713930295

[1713930295]

1713930295

[1713930295]

1713930295

[Bitfort]

IMO second option. Almost all coins are now at the edge of profitability/lossability. Especially when you are mining with pools.

The point is if the miner would be profitable then it's owner wouldn't lease it (most probably ) or would lease it at higher price. Your profit then depends on whether you'll find a better (more profitable) coin to mine.

[Darkoth89]

IMO second option. Almost all coins are now at the edge of profitability/lossability. Especially when you are mining with pools.

The point is if the miner would be profitable then it's owner wouldn't lease it (most probably ) or would lease it at higher price. Your profit then depends on whether you'll find a better (more profitable) coin to mine.

This, exactly this. Why would they be renting the miner out if they made a profit mining BTC / Altcoins.  if you use a mining calculator, i can guarantee you're going to be paying more than your making in the renting period.

[Cheezesus]

Having a mining rig is more suitable rather than renting one. My suggestion to you is to invest(buy) in bitcoin or altcoin, and if you want to hodl you can or if you want to day trade which is more suitable in altcoin. IMO investing in crypto is much more acceptable rather than mining, but if you have a warehouse of rig miner it is okay to mine.

[Elserr51]

Thanks to everyone it is more profitable to do trading than to undermine, especially by selling rigs.

[myhashingmining]

Mining rig rentals carry a lot of what-ifs. If you are going down that route, cloud mining is going to be a better option as long as you do your research before signing a contract. Cloud mining farms have better deals on electricity and you don't have to worry about the maintenance.

Plus, getting a contract for hash power doesn't tie you down to a specific machine. You get your hash power regardless of hardware. Depending on the hash power provider the initial investment will also be much lower than buying or renting a rig.