Topic: About mining rig rental's (Read 3404 times)

For monero miner's who want to mine 1 monero per day and exchange it to bitcoin.

http://monero.stackexchange.com/questions/1388/how-much-cpu-power-to-mine-1-coin-a-day/1389

"The most energy efficient GPU that I know of for mining XMR is the GTX 750 Ti, which gets approximately 250 H/s for a little more than $100/GPU. 12 of these GPUs would give you 3000 H/s, or a little more than 1 XMR per day at the current mining and reward levels."

Average per day gives 180 dollars per month , less expensive than bitcoin miner's.

Bytecoin
Mining
Hashrate
0.655H/s
Shares sent
100
Last share: 8 seconds ago
Confirmed balance
0.00000000
Unconfirmed balance
1.45786597

Minergate mines 1 - 2 Bytecoin per-day , monero needs more cpu power.

Try and start with bytecoin easy to mine you can mine 1-2 coins a day if you laptop has AMD A8.

"According to https://www.cryptocompare.com/mining/calculator/xmr you need 2910 H/s at the moment to mine 1 XMR per day.

Here's a Google doc with a comparison of various hardware (CPU and GPU) for Monero mining: https://docs.google.com/spreadsheets/d/1E0GqJdLhMmeO5BW3RBcIpftMR_BJhnyUS464ZO_EYGQ/edit?pref=2&pli=1#gid=1

From that you can figure out how many cores or GPU's of a specific type you need to get the required hash rate."

Courtesy - http://monero.stackexchange.com/questions/1388/how-much-cpu-power-to-mine-1-coin-a-day/1389

Thanks' a lot finally i am free to whatever i want in the largest democracy , ROFL.

No one is preventing you to mine with your laptop or invest in any investment you seem fit for your budget.  This is just some cautious reminders that may possibly happen to your laptop, at the end of the day it is your decision that you must follow.  Just put it this way, there is always a right key in every lock.  If you figure the right method then it will bring you less risk and a better reward.

note:

I think there is some safety method when mining in laptop will link it here if ever i stumbled on it.

What am i supposed to do man , i can't mine with my laptop i can't mine in rig's and investment's go scam and more scam companies , maybe i should never even have discovered bitcoin and other cryptocurrencies.

ROFL !!!!

Are you mining from your laptop?  I read that it is not advisable to mine in laptop because it can toast the gadget since laptop is a bit compact and have no proper ventilation like desktops or the setup that is purposely built for mining. 

There are several reference why it is not wise to mine using laptop and here are the links:

https://bitcointalksearch.org/topic/can-i-use-my-laptop-to-mine-bitcoins-14122

http://30btc.com/information/dont-waste-time-with-mining-bitcoins-on-a-laptop.html

http://bitcoinsinireland.com/why-not-to-mine-bitcoin-on-your-laptop-a-e600-lesson/

Just disregard the profitability but the heat made by mining may toast your laptop.

I'll try but since all my btc is stuck in stupid scam companies and i have to get the Minergate to mine some monero so i can invest in some good btc companies ,also i can only afford to setup my own rig if my investment companies don't go scam , setting up a mining rig for myself will take some time since i don't have free electricity.

Have you ever considered building your own mining rig? It s not that complicated, lots of guides around, especially on youtube and then you mine whenever and whatever you want. Also, you can expand your farm from profits quite easily.

Experiment with all coin's can switch to bcn and also check the mining rate , will post here how much BCN , AMD A8 mines.

I am gonna switch in - between monero and bytecoin , i will try digital note later , thank's for your suggestion.

Here are the ten best graphic's card to install in your laptop if you consider faster mining hashpower , guess minergate support's both nvdia and AMD cards.

http://www.techradar.com/news/computing-components/graphics-cards/best-graphics-cards-1291458

BYTECOIN (BCN)

Hashrate
2.974H/s
Shares sent
35
Last share: 10 seconds ago
Confirmed balance
0.00000000
Unconfirmed balance
0.00729178

Here is a list of 10 best graphics card's you can use for mining and speed up Minergate webmining.

http://www.techradar.com/news/computing-components/graphics-cards/best-graphics-cards-1291458

mining with minergate is good option for you as you have amd cards, so you can run with middle hashrate but you need to select the best altcoins on minergate so you can get profit while you mining with their software. in the past i run their software too but i run in my vps with limit spec and i don't expecting to reach many altcoins because i realize that my hashrate is small so i left it behind on my vps and keep mining. but all in all, still i can get good result while i am mining with xdn, bcn, and other small coins. i never mining monero because its too difficult with small spec.

Thank's a lot happy mining that is why i post everything that comes to my mind about crypto currencies here.

Seems my laptop has already AMD A8 rofl , will check for latest version of amd for enhancement of monero mining.

Hashrate increases and drops according to processor usage,


MONERO

Hashrate
1.627H/s
Shares sent
169
Last share: 11 second ago
Confirmed balance
0.000000000000
Unconfirmed balance
0.000000974523

This is a good guide for newbies and advance seekers  who wants to venture to mining through renting mining rigs,in my opinion it's much more profitable than cloud mining,because they can manipulate the hashes to their advantages.

It's ok i can download Minergate and install AMD card since it is compatible with ether mining in their software.

Here's a link  for the article ,

https://minergate.com/blog/ethereum-on-amd-cards/

I'lll still be researching the rig's for altcoin's if not for bitcoin , for now i will focus on minergate.

Minergate won't install in my laptop so probably i am webmining and testing it for now without amd card , i am currently mining monero with it , will install amd card later.

Correction laptop has AMD A8.

Here's a link to monero rate it's almost 7 usd now.

https://coinmarketcap.com/currencies/monero/

Most are "legit" however a lot of them simply won't pay out over the course of the contract, or you're going to have a round a +/- 0 when it comes to profit. There is very little money that is actually made off of rental mining, especially when it comes to small amounts of hashing power.

You are more likely paying them to use a service that they know isn't really profitable for them.

As crytptocurrency enthusiast's we need to look into diverse option's to mine both bitcoin and altcoins , buying an hardware is the best idea but the higher amount the hardware mines the more power it consumes , and unless we all have free electricity , we will end up paying bills more than the amount mined per day /week/ month , yes extensive research and renting rig's in good sites , is an alternative way to hardware mining , i will buy hardware later this year if my investment's mature and i can handle the electricity bills.

I found a few ether pool's i will do reseaech and get the best rig for mining ether ,

https://ethermine.org/

https://forum.ethereum.org/discussion/3659/list-of-pools

Minergate is also a good option if you wanna mine altcoin's and if you have good upgraded cpu.

Research on minergate more and improve your graphics card performance , it's good and is fast for altcoin's many people have recommended minergate to me.

Here is a link to minergate,

Minergate even has a forum where you can ask questions about the graphics card needed to enhance their software to mine coin's fast.

If anybody know's the best graphics card for Minergate software to mine fast please suggest it here so that people can benefit from it.

Few links to minergate discussion,

Official Site - https://minergate.com/

Discussion and Forum Link's ,

https://minergate.com/blog/dashcoin-and-gpu-miner-beta-are-available/

https://forum.minergate.com/viewtopic.php?t=69

https://minergate.com/blog/bitcoin-litecoin-mining/

Complete Guide to Ethereum mining with Minergate Software,

https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum-with-minergate-on-any-pc/

Check if the algronithm for the rig matches the coin which you are mining.

A piece of advice, mining altcoins is an extremely risky activity especially if you do not have low maintanence cost. Altcoins are highly volatile and most of them have low value or are simply pump and dump coins.

Personally I don't believe in this business of renting hashing power, if I was the owner I will simply found a way to make it profitable. Also, if I decide to do mining in the near future, I will simply learn to buy the hardware and to set up the rig myself.

Most of renting mining out there are sure to become scam in the end.

I am planning to mine less difficult coin's that way i don't lose money already a lot is lost in scam companies and i can't believe in scam companies , anymore.

Best to rent a rig a rig and see some profit , rather than wasting time with scam companies.

i am choosing ethereum to mine and check it out.

If you want to mine ethereum check the correct pools some pools do not match with ethereum mining.

Will update pools later in the day.

I agree.. many mining company just using our money. I think they are actually the one who's renting mining rig.
the Return of investment was too slow. If you are about to make your own mining rig, Think and consider the expenses and earnings before you do it. plus make sure the capacity of your CPU can sustain your mining rig.

Just be careful, mining profitablility can change very fast, and sometimes its just better using the money to buy bitcoin.

Mining Altcoins and converting them to bitcoin's is the best method someone post a good alternative coin to mine here for the people to profit from it.

I found a post on bitcointalk which shows the best crypto currency to mine , and i found a few coin's seems Ethereum is the best bet.

Here's the link

http://www.coinwarz.com/cryptocurrency ,

Find some good place like mining rig rentals and you will make good amount of profit.

First on the list is zclassic and zcash , then comes ethereum , choose any three of these coins these are the easiest to mine coin's btw.

if the calculate is like this, then the OP can not get profit from mining, besides that for now, if you want to rent some rigs, i think maybe you want to thinking again about profit or not but i think you will not get much of profit.

What are the altcoins you guy's  are suggesting please give the list here so we can all profit from your good idea's.

yeah probably mining an easy to mine coin and converting it into bitcoin is the best way to profit from bitcoin.

Even Antminer S9 cries when it think's of bitcoin.

I also tried renting miners in mining rig rentals, and point the hashes to multipool, meaning mining most profitable altcoin and converting them to bitcoin, I can say the daily result is not the same, sometime the ROI is positive but most of the time negative. I also tried nicehash and still the same result, so in my opinion it is not wise to rent mining hashes to mine bitcoin but instead use it to mine new altcoins where the difficulty is low and  there is a big chance to be profitable.

It's ok i can rent it for 12 hour's and keep reinvesting , not a big deal just need to know how much it will mine in 12 hour's i'll keep reinvesting and keep finding a better rig.

Thank's a lot btw.

Keep suggesting good better rig's so people can look it up and profit from that.

i am thinking of using slushpool and eligius.

Hey man check it it's not that amount , you missed a zero.

0.00119000BTC/THASH/DAY

There are many cheaper sha256 mining rigs in mining rig rentals for cheaper price than your previous one but non of them will be profitable for sure like one of the cheapest with good uptime is https://www.miningrigrentals.com/rigs/32886/

To rent this for 24 hour you have to pay 0.01517250BTC but you can only earn 0.01198310 BTC per day using 12.56 Thash/s this rig is giving on average. Renting rigs and mining bitcoin will not be profitable for sure, this mining rigs are mostly used to mine altcoins not bitcoin.

so what does this indicate then - 0.04300000BTC/THASH/DAY, i thought it was the amount mined ,

Can anyone suggest a better and profitable mining rig for rental, and not the one's that bring loss.

But higher amount of ghs / ths costs more yeah i will check all the rigs and see which mines better and with higher power.

you can suggest any rig rental you feel is legit don't just stick to one rental website.

It's good to know atleast a rental website is not scam and helps us make bitcoin's.

I will buy heavy Eqipment's like Antminer s9 later this year , if my investment's mature and aim-btc does not turn into scam.

Mining rig rentals seem legit and used by many, and i have also used them few months back to rent some rigs for altcoin mining. However if you look at renting price of this https://www.miningrigrentals.com/rigs/18131/
It will cost you 0.00016915BTC to rent it for 24 hour and using https://alloscomp.com/bitcoin/calculator with 3.5 Ghash/s you can earn only

per Day   0.00000340 BTC   $0.00
per Week   0.00002383 BTC   $0.02
per Month   0.00010362 BTC   $0.08

Now you can figure out whether renting rigs and mining bitcoin from miningrig rentals is profitable or not, however you can try mining altcoins which are in their early stage if you like to play with and take risk.

Hello guy's i have decided on renting a few mining rig's in the website https://www.miningrigrentals.com/rigs/23856/ for my website and also for general mining purposes , is it a legitmate website which pay's.??

i am planning to rent this https://www.miningrigrentals.com/rigs/18131/ one first and then move on higher .

I have selected slush pool and eligius.

Any pool suggestion  is welcome just want to know if the website if legit or not.