Author

Topic: Interested in Mining Ethereum (Read 627 times)

sr. member
Activity: 364
Merit: 250
February 10, 2016, 01:07:29 PM
#7
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

Ask yourself these questions:

1. What is the motive of a company that mines for you? If they build, deploy, host, colocate, maintain, and consult you for a fee, why wouldn't they just mine for themselves if they already know how to do everything? What is the reason for you to exist in this scenario?

2. If you realize that the only reason for you to exist, is because you have money, and they don't, congratulations, you are on "step 1". If they are an established business, why don't they take a business loan at 6% interest from a real bank instead of paying your "share" of the profit of up to 50%/month?

3. If you realize that the only reason for them to take your money is because they are shady or scammy, congratulations, you are on "step 2". So, why would you risk giving them any money?

4. If you realize the only reason for you to give them money is because you are a certain combination of lazy, stupid, and greedy, congratulations, you finally arrived at "step 3". Now you can finally begin to learn how to mine yourself with the resources commonly available online.

You are right. If you can rent the rigs directly through Nicehash, you will have to pay the market rate, there is not much profit to make.
Unless you hold for a few days and sell at a price spike, but then you may as well play the market watching game

No, doing that is a bit stupid, because you could buy the coins directly, it will be quicker and easier Roll Eyes...
Thats what the "market watching game" is Smiley
sr. member
Activity: 325
Merit: 250
Decentralised Amazon & ICO Hub
February 10, 2016, 11:22:58 AM
#6
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

Ask yourself these questions:

1. What is the motive of a company that mines for you? If they build, deploy, host, colocate, maintain, and consult you for a fee, why wouldn't they just mine for themselves if they already know how to do everything? What is the reason for you to exist in this scenario?

2. If you realize that the only reason for you to exist, is because you have money, and they don't, congratulations, you are on "step 1". If they are an established business, why don't they take a business loan at 6% interest from a real bank instead of paying your "share" of the profit of up to 50%/month?

3. If you realize that the only reason for them to take your money is because they are shady or scammy, congratulations, you are on "step 2". So, why would you risk giving them any money?

4. If you realize the only reason for you to give them money is because you are a certain combination of lazy, stupid, and greedy, congratulations, you finally arrived at "step 3". Now you can finally begin to learn how to mine yourself with the resources commonly available online.

You are right. If you can rent the rigs directly through Nicehash, you will have to pay the market rate, there is not much profit to make.
Unless you hold for a few days and sell at a price spike, but then you may as well play the market watching game

No, doing that is a bit stupid, because you could buy the coins directly, it will be quicker and easier Roll Eyes...
sr. member
Activity: 364
Merit: 250
February 10, 2016, 07:58:12 AM
#5
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

Ask yourself these questions:

1. What is the motive of a company that mines for you? If they build, deploy, host, colocate, maintain, and consult you for a fee, why wouldn't they just mine for themselves if they already know how to do everything? What is the reason for you to exist in this scenario?

2. If you realize that the only reason for you to exist, is because you have money, and they don't, congratulations, you are on "step 1". If they are an established business, why don't they take a business loan at 6% interest from a real bank instead of paying your "share" of the profit of up to 50%/month?

3. If you realize that the only reason for them to take your money is because they are shady or scammy, congratulations, you are on "step 2". So, why would you risk giving them any money?

4. If you realize the only reason for you to give them money is because you are a certain combination of lazy, stupid, and greedy, congratulations, you finally arrived at "step 3". Now you can finally begin to learn how to mine yourself with the resources commonly available online.

You are right. If you can rent the rigs directly through Nicehash, you will have to pay the market rate, there is not much profit to make.
Unless you hold for a few days and sell at a price spike, but then you may as well play the market watching game
hero member
Activity: 1302
Merit: 540
February 10, 2016, 05:05:51 AM
#4
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

Ask yourself these questions:

1. What is the motive of a company that mines for you? If they build, deploy, host, colocate, maintain, and consult you for a fee, why wouldn't they just mine for themselves if they already know how to do everything? What is the reason for you to exist in this scenario?

2. If you realize that the only reason for you to exist, is because you have money, and they don't, congratulations, you are on "step 1". If they are an established business, why don't they take a business loan at 6% interest from a real bank instead of paying your "share" of the profit of up to 50%/month?

3. If you realize that the only reason for them to take your money is because they are shady or scammy, congratulations, you are on "step 2". So, why would you risk giving them any money?

4. If you realize the only reason for you to give them money is because you are a certain combination of lazy, stupid, and greedy, congratulations, you finally arrived at "step 3". Now you can finally begin to learn how to mine yourself with the resources commonly available online.

You are right. If you can rent the rigs directly through Nicehash, you will have to pay the market rate, there is not much profit to make.
sr. member
Activity: 340
Merit: 250
February 09, 2016, 10:39:02 PM
#3
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

Ask yourself these questions:

1. What is the motive of a company that mines for you? If they build, deploy, host, colocate, maintain, and consult you for a fee, why wouldn't they just mine for themselves if they already know how to do everything? What is the reason for you to exist in this scenario?

2. If you realize that the only reason for you to exist, is because you have money, and they don't, congratulations, you are on "step 1". If they are an established business, why don't they take a business loan at 6% interest from a real bank instead of paying your "share" of the profit of up to 50%/month?

3. If you realize that the only reason for them to take your money is because they are shady or scammy, congratulations, you are on "step 2". So, why would you risk giving them any money?

4. If you realize the only reason for you to give them money is because you are a certain combination of lazy, stupid, and greedy, congratulations, you finally arrived at "step 3". Now you can finally begin to learn how to mine yourself with the resources commonly available online.
legendary
Activity: 3808
Merit: 1723
February 09, 2016, 05:16:07 PM
#2
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

I think that could be a big business someday.

Thanks.

If you want to profit from mining ethereum you need to start now before its too late. Most likely these profits will only last a month or two.
sr. member
Activity: 481
Merit: 251
February 09, 2016, 04:38:51 PM
#1
But have no idea how to go about and am not very technical.  Are there any companies or individuals that will set up mining operations for a fee?

I think that could be a big business someday.

Thanks.
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