We've seen pools with 6 times (or more) the current difficulty before finding a block. In other words, you could spend 150 coins to receive 25. Or you could get 25 coins with a 0.20 investment. It is a simple gamble, not a way to make guaranteed profit by any stretch of the imagination.
So as to how profitable? It can be wildly profitable, but it will most likely be a losing prospect over time due to fees involved.
Topic: How profitable can this mining setup be ? (Read 611 times)
Save your bitcoins and go buy a lottery ticket instead! It's pretty much the same gamble, but you will end up with saving more money in your pocket!
You could rent 10PH for a Week and get no return or 1TH for 24Hrs and mine a block. It's a gamble pure and simple.
Regardless of how much Hash you rent the only thing that is certain is the Money that will cost you.
Rich
Regardless of how much Hash you rent the only thing that is certain is the Money that will cost you.
Rich
Is it possible to add p[ower to solo mining setup, by adding up more miners ?
you need to quantify the amount of rented hash first, then we can discuss, but unless you're going to rent 1 peta i would leave the dream about solo mining
You could get lucky and find a block for 25 bitcoins? You can't win if you don't play.
That's a big gambling, or should I say big waste of money?
without profit. sorry..
or you think, that somebody is selling hashing power, which can generate higher value, than is sell price itself? dude..
or you think, that somebody is selling hashing power, which can generate higher value, than is sell price itself? dude..
Mining solo at ck pool with rented hash power from NiceHash.
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