Any reason that someone has to sell or rent miners is a reason for me not to buy/rent from them.
Topic: Cloud Mining (Read 939 times)
Completely wrong, people dont actually rent sha256 to mine bitcoin or rent scrypt to mine litecoin, people rent it to mine newly created altcoin and instamine them with big hash power
That's even dumber then... I've rented rigs on WestHash to mine alt SHA coins... lost money every time. As a matter of fact, it's the only time I've lost money renting rigs.
I've rented X11 rigs too, lost money every time there as well.
If that's the case then nobody would be renting... thus there's no market to be served and thus that website is completely pointless. NiceHash and WestHash's prices actually permit a profit to some regard, because the price is determined by the renter not the seller... MiningRigRentals.com does not do that, the seller sets the price and has created a market in which very few will buy (at least those with a brain won't buy anyway).
In order to serve a market the cost of rentals needs to be lower than the revenue generated. If you're generating less revenue then you're spending on overhead, you accomplish nothing, and as such, shouldn't rent, which means there is no market to be served. The fact that people buy on this website proves there a bunch of dumb-asses on the planet.
Basic economics...
www.miningrigrentals.com has no market to serve, essentially.
In order to serve a market the cost of rentals needs to be lower than the revenue generated. If you're generating less revenue then you're spending on overhead, you accomplish nothing, and as such, shouldn't rent, which means there is no market to be served. The fact that people buy on this website proves there a bunch of dumb-asses on the planet.
Basic economics...
www.miningrigrentals.com has no market to serve, essentially.
Completely wrong, people dont actually rent sha256 to mine bitcoin or rent scrypt to mine litecoin, people rent it to mine newly created altcoin and instamine them with big hash power
although in nicehash/westhash you could get some profit by renting sha256 to mine bitcoin
According to that logic there's no reason to sell any miners.
Well the problem here is the manufacturers would be taking more of a risk by mining with their own product then selling... They sell at 300% market up, pocket their profit and don't have to worry about making their money back.
So I don't see the logic behind what you're trying to say.
The same logic you are using to say it's stupid to rent from that site is why it's stupid to buy miners. Why would someone sell you a miner that they could plug in and make money with? why would someone rent you a miner that they could plug in and make money with?
Just buy coins if you want them, no one is going to rent or sell you a money making machine for an amount of money less than they can make plugging it in.
if you are using this logic then it would seems that people rent their miners just to be safer since mining their own would get some risk isnt it?
According to that logic there's no reason to sell any miners.
Well the problem here is the manufacturers would be taking more of a risk by mining with their own product then selling... They sell at 300% market up, pocket their profit and don't have to worry about making their money back.
So I don't see the logic behind what you're trying to say.
The same logic you are using to say it's stupid to rent from that site is why it's stupid to buy miners. Why would someone sell you a miner that they could plug in and make money with? why would someone rent you a miner that they could plug in and make money with?
Just buy coins if you want them, no one is going to rent or sell you a money making machine for an amount of money less than they can make plugging it in.
According to that logic there's no reason to sell any miners.
Well the problem here is the manufacturers would be taking more of a risk by mining with their own product then selling... They sell at 300% market up, pocket their profit and don't have to worry about making their money back.
So I don't see the logic behind what you're trying to say.
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
Not really a cloudmining, but maybe worth a try: https://www.miningrigrentals.com/Yeah those prices are obscene. Anybody that rents at those prices is an idiot... you'll never make anything with that.
thats the point of rentalling miners isnt it? if you can just make more by mining your own, no one would be rentalling their miners anymore, price of rentals were always higher than mining your own btc, even in nicehash or westhash
If that's the case then nobody would be renting... thus there's no market to be served and thus that website is completely pointless. NiceHash and WestHash's prices actually permit a profit to some regard, because the price is determined by the renter not the seller... MiningRigRentals.com does not do that, the seller sets the price and has created a market in which very few will buy (at least those with a brain won't buy anyway).
In order to serve a market the cost of rentals needs to be lower than the revenue generated. If you're generating less revenue then you're spending on overhead, you accomplish nothing, and as such, shouldn't rent, which means there is no market to be served. The fact that people buy on this website proves there a bunch of dumb-asses on the planet.
Basic economics...
www.miningrigrentals.com has no market to serve, essentially.
According to that logic there's no reason to sell any miners. So if the manufacturers think there's more money for them by selling instead of plugging in, the people that buy them need to find a way to make money, enter renting.
When miners were fixed up GPU's that used too much electricity for someone to run a bunch themselves, it made sense to make/sell/buy them. Since ASICs the whole thing is being messed up by people who can't do math and need the price to shoot back to the sky to make themselves whole (even though in that scenario they would have been better off buying coins instead of miners originally)
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
Not really a cloudmining, but maybe worth a try: https://www.miningrigrentals.com/Yeah those prices are obscene. Anybody that rents at those prices is an idiot... you'll never make anything with that.
thats the point of rentalling miners isnt it? if you can just make more by mining your own, no one would be rentalling their miners anymore, price of rentals were always higher than mining your own btc, even in nicehash or westhash
If that's the case then nobody would be renting... thus there's no market to be served and thus that website is completely pointless. NiceHash and WestHash's prices actually permit a profit to some regard, because the price is determined by the renter not the seller... MiningRigRentals.com does not do that, the seller sets the price and has created a market in which very few will buy (at least those with a brain won't buy anyway).
In order to serve a market the cost of rentals needs to be lower than the revenue generated. If you're generating less revenue then you're spending on overhead, you accomplish nothing, and as such, shouldn't rent, which means there is no market to be served. The fact that people buy on this website proves there a bunch of dumb-asses on the planet.
Basic economics...
www.miningrigrentals.com has no market to serve, essentially.
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
Not really a cloudmining, but maybe worth a try: https://www.miningrigrentals.com/Yeah those prices are obscene. Anybody that rents at those prices is an idiot... you'll never make anything with that.
thats the point of rentalling miners isnt it? if you can just make more by mining your own, no one would be rentalling their miners anymore, price of rentals were always higher than mining your own btc, even in nicehash or westhash
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
Not really a cloudmining, but maybe worth a try: https://www.miningrigrentals.com/Yeah those prices are obscene. Anybody that rents at those prices is an idiot... you'll never make anything with that.
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
Not really a cloudmining, but maybe worth a try: https://www.miningrigrentals.com/
Are there any cloud mining companies that actually let you point their miners at your own pool of choice? Not looking for WestHash or NiceHash, I mean something like ZeusHash or similar, but with the ability to point to another pool.
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