@ Count_Frackula
Little bit off topic... how's your experience with leasing S3? Wondering if possible to make a bit more BTC's then with mining BTC directly.
Tnx
Well, I've been using MRR for quite a while (as you can tell from
my referral number, I was their 126th user). Here's what I've found, so far.
Firstly, for the sake of simplicity, I'm going to remove a few decimal places from these numbers.
Right now, I rent out for 25, and if I mined myself, I would get 20 on straight BTC. My rig is usually rented at least 50% of the time (it's unavailable right now because I'm testing the new hashrates with the new mining software).
The downside is that when I'm mining myself, I sometimes get hash spikes that push my speed up a bit. I also think that MRR is being used a lot right now because
s0br is renting out miners for Bitcoin Affiliate Network promoting.
MRR also takes a cut equal to 3% of your earnings - some of which goes to pay for referrals, from say, people like me.
MRR charges 0.0002 BTC to withdraw your balance. I have mine set up to auto-withdraw every time my balance exceeds 0.02.
This means I'm spending 4% of my income for the service.
Now, raw numbers-wise, when I rent out a rig, I'm usually just a little over on the hash rates - around 101%-105%, depending on luck.
Let's get to the math of it here though.
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Let's assume that I do exactly what I advertise - 100%, and withdraw it.
For every .025 I make, I spend .001 in fees. This means that I still made .004 over what I would have made mining to a pool (using CoinWarz stats).
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That is pretty much a best-case scenario, however, even in a worse case, where I mine over for them, I still rarely come out at a loss.
You can also get lucky and find some *cough* suckers. For example:
https://www.miningrigrentals.com/rental/67043Typically, I refrain from renting myself, unless they're very close to cost, and I think I'm going to make more than I'm spending (or break even, if I want to rent to avoid a withdrawal fee).
A lot of algos have better margins than SHA-256, however. For example, if you look at SCRYPT, the miners are going for close to double what you can get from the best SCRYPT pools.
I could, potentially, point my miners at some newer coins and make some initial coin from some new coins, but that requires more research that I want to do right now.
Bottom line is that unless you're going to do so, it will make you money - so long as you factor your 4% fee into your calculations when you give your miners a price.
Give it a shot, and please feel free to use me as a referral:
http://www.miningrigrentals.com/register?ref=126
