Topic: how to make profit with buying hashpower @NH (Read 368 times)
Some might mine coins that are not really that big yet and hope to get some under exchange value without all the hassle of mining, you can rent a lot of hash power to support a pool maybe.
If these mining companies sell their hashrates it's because they are doing more profits like that than if they keep it for themself, otherwise why they would that? They are not humanitarian organization! 
If you don't have enough money for setting up (and maintaining) a mining rig for yourself, the best way to make profit is by buying and holding (or trading if you have enough financial skills) in wich you believe.
If you don't have enough money for setting up (and maintaining) a mining rig for yourself, the best way to make profit is by buying and holding (or trading if you have enough financial skills) in wich you believe.
They might be using it to mine an unknown coin. Nicehash rental arbitage may exist. They take a little risk too, as coin prices can drop before it reaches the exchange.
Some like me I believe rent to add to there farm to get that little bit they need to reach a point atm ..other wise I have wondered the same thing my self ....I don't see how anyone but the seller would profit ......
an I guess if you buy a lot of hash then solo mine and hope you hit that block ....(gambling and hopping)..... you said it.
All the hard core miners on the forums either have there own setup or host there gear some place or buy cloud mining, i have yet to see a hard core miner rent to much for to long but only as they need to ...
an I guess if you buy a lot of hash then solo mine and hope you hit that block ....(gambling and hopping)..... you said it.
All the hard core miners on the forums either have there own setup or host there gear some place or buy cloud mining, i have yet to see a hard core miner rent to much for to long but only as they need to ...
Hi People, see question above...
im just wondering how to make profit...i did some calculations
for example monero on Nanopool
i took calculated earnings from other miners and calculated what i would get with my 100.000h/s
price 0.05btc
hashpower 100.000h/s
runtime ~24h
east xmr 1.879 = ~0.048btc
i did the same calculations for other coins...i never see any profit...
can somebody explain me whats the point about renting hashpower? is it just gambling and hopping the price of the mined coin will go high?
thanks
im just wondering how to make profit...i did some calculations
for example monero on Nanopool
i took calculated earnings from other miners and calculated what i would get with my 100.000h/s
price 0.05btc
hashpower 100.000h/s
runtime ~24h
east xmr 1.879 = ~0.048btc
i did the same calculations for other coins...i never see any profit...
can somebody explain me whats the point about renting hashpower? is it just gambling and hopping the price of the mined coin will go high?
thanks
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