Renting a mining rig?

[juanichiloco]

Is it profitable? Because I have been looking at different mining rigs (SHA-256 , Scrypt, Scrypt-N...) and it is always more expensive to pay for the rent than the reward you get from mining with it, so, why do people rent those? Am I missing anything?

[seedtrue]

My guess is people are counting on implied profits. The current price of a coin does not reflect what it will be worth tomorrow or in a week. If you only plan to mine a coin at the start, but have no plans to mine it for many days, it makes sense to rent some hash for a day or two.