Rest In Peace GPU Miner

[jasabbm]

Any word bro and sis ?

[awais3344]

is there such a mining power?? for sale?

[hutnik]

There is
https://nicehash.com/
Currently you can get about 2 GH/s, but still growing
If the price is right more miners jump in the service.

yesterday the price was almost 10BTC/GH, and somenone had up unlimited order for almost whole evening, So i quess it was aulonocara

[djm34]

There is
https://nicehash.com/
Currently you can get about 2 GH/s, but still growing
If the price is right more miners jump in the service.

yesterday the price was almost 10BTC/GH, and somenone had up unlimited order for almost whole evening, So i quess it was aulonocara

is this profitable ?

[hutnik]

I quess it is, you just need to know where to send that MASSIVE hashpower.
Like to some new coin you expect to rise in price soon and want to get as much coins as possible before that.

That's the point of renting hashpower theese days.
Rig owners set up their rig and mine somewhere, being relatively happy about what they get. (about 0.006 BTC/MH/day at multipools for example)
Then someone come and hire their rig for 0.01. That person, if his predictions are right, could make twice+ that in a week when the coin he's using the haspower for rise in price.

If you want to hire hashing power just to mine on multipool or straight LTC, you will loose for sure.

[grippy54]

I quess it is, you just need to know where to send that MASSIVE hashpower.
Like to some new coin you expect to rise in price soon and want to get as much coins as possible before that.

That's the point of renting hashpower theese days.
Rig owners set up their rig and mine somewhere, being relatively happy about what they get. (about 0.006 BTC/MH/day at multipools for example)
Then someone come and hire their rig for 0.01. That person, if his predictions are right, could make twice+ that in a week when the coin he's using the haspower for rise in price.

If you want to hire hashing power just to mine on multipool or straight LTC, you will loose for sure.

+1

... and it has nothing to do with the end of GPU mining. These large groups of rented rigs ARE mining with GPUs.

[djeZo]

Easy to make really good profit. Spent 0.05 BTC few days ago to hire 200 MH/s for 10 minutes mining WhiteCoin. I sold mined coins for 0.5 BTC these days. 10x profit. 

[xbudahx]

Easy to make really good profit. Spent 0.05 BTC few days ago to hire 200 MH/s for 10 minutes mining WhiteCoin. I sold mined coins for 0.5 BTC these days. 10x profit. 

That's not scale-able

[dogechode]

Yeah there is a site called nicehash for example; you basically mine just like a multipool but buyers create orders and "rent" as much of the mining power of the pool as they want. (Overly simplified explanation but you get the idea.)

[grippy54]

Easy to make really good profit. Spent 0.05 BTC few days ago to hire 200 MH/s for 10 minutes mining WhiteCoin. I sold mined coins for 0.5 BTC these days. 10x profit. 

That's not scale-able

Not sure what's not scalable about it. It seems much more scalable than any other approach right now.