Why should I (a renter) use Betarigs as opposed to NH?
When you put an order on NiceHash, someone can overcut you, and take your hashrate away from you. With BetaRigs, when you order hashrate, the hashrate belongs to you until the specified duration ends.
This used to be the case, but NH now offers fixed rentals. (Just want to clarify I'm not promoting them, just want to give you a chance to convince me)
There are no better than NiceHash sites for getting hashpower. I will now tell you why.
1. In 99% cases, prices are there the lowest to buy, which is understandable, because buyers determine them, not miners. Yesterday, you could get SHA256 power for as little as 0.0075 for many hours. You could earn quite some amount mining bitcoins. I earned net 0.22, but I could have more if I invested more. I could never earn extra on plain bitcoin mining if I hired from here or MRR, because miners always set their prices so high.
2. You
never have to worry about not getting what you pay for. This means you
save time, because you don't have to write tickets. Think about wasted time dealing with support on MRR or BetaRigs.
3. With their new features such as bot and fixed orders, overbidding is the past. I haven't tried bot yet, but I put fixed orders many times, because in 90% of cases, fixed prices are
still lower than cheapest rigs here or MRR. Cheapest rigs usually give you the most problems and tickets writting, so you need to buy a bit more expensive rig and that rig usually have higher price, too.
4.
Save time when renting. This one goes both way, even if you are a miner, NiceHash is a pool - you don't have to bother about setting price and constantly watch what are the rates to maximize profit. When you hire rigs, you need time to analyze each rig, check feedbacks and the determine if it is worth hiring. If this is one rig, it is not a big issue, but when you hire more, this can suck quite some time - time which you could spend doing something else more profitable. There are larger farms to hire - MRR has quite some of them - but these are in most cases way too high on price, sometimes owners want 100% more for them compared to smaller rigs. I never understood and I still don't what is the benefit of hiring so expensive farms, because at the end od the day, you loose. And if it is for gambling purposes, then there are better ways to gamble, where your luck is more near 50% (casino?) - in this situation is more near 5% only.
5.
High risk due to inability to cancel rental. This is very important when you are on a heist to actually earn coins from hiring not only gamble. Things can quickly turn, coin diff may quickly rise or price can quickly drop. If you are locked in long term rental, you will, at the end, only make loss, even if the price at start was promising you profit. That is why short time rentals are prefered, but again funny thing I noticed is that rigs available for short time are more expensive.
The only way to earn more coins from BetaRigs or MRR is to put your rigs for rental with higher price and feed on suckers that are stupid enough to gamble with your rigs. But this requires time. And I didn't buy my ants to spend extra time constantly monitoring market. I bought them to generate me steady maximal mining profit
without my time, because as soon as I spend time with them, ROI increases. That is why I decided to let my ants on NiceHash/WestHash and stop spending time constantly adjusting price. And rather focus this time in opportunities like yesterday, when SHA256 price was so low.
