Good evening to everyone,
I have not yet decided whether I will make an investment to buy hardware to undermine bitcoin (asic) or Altcoin (rig gpu); in the meantime I had decided to try to exploit the power of other machines that minino in my place, in essence of a rental car.
I took a look at the Mining rig rentals site but I realized how inconvenient it is, I'll explain better: I chose a Scrypt rig (so to mine litecoin) and I compared the daily cost of the rig with the daily revenue in terms of MH / s on this site https://www.cryptocompare.com/mining/calculator/btc?HashingPower=13&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0.
in practice I'm always going to lose.
If the site still exists it means that someone uses it so I'm here now to ask you where I'm wrong.
I close with one last question: Has any of you ever tried a cloud mining service? I have seen that only Genero has remained on Genesis-mining, while BTC is still available on Minergate. According to you are profitable services?
Thanks in advance for your reply.
Mining rig rental differs from traditional "cloud miners" because rentals happen from users to users p2p. It is profitable for those, who offer their hardware, but not for those, who rent it. If you invest there ( mostly 1-3 days), you will loose around 20% of your investment. But it may make sense to rent that nevertheless, if you want to exchange fiat money to BTC indirectly. Cloud mining is not rentable anymore and would only make sense, if you could rent hardware on longterm but choose your own pool. But that is not possible. Also renting on cloud computing seems not to be profitable. I have not yet decided whether I will make an investment to buy hardware to undermine bitcoin (asic) or Altcoin (rig gpu); in the meantime I had decided to try to exploit the power of other machines that minino in my place, in essence of a rental car.
I took a look at the Mining rig rentals site but I realized how inconvenient it is, I'll explain better: I chose a Scrypt rig (so to mine litecoin) and I compared the daily cost of the rig with the daily revenue in terms of MH / s on this site https://www.cryptocompare.com/mining/calculator/btc?HashingPower=13&HashingUnit=TH%2Fs&PowerConsumption=0&CostPerkWh=0.
in practice I'm always going to lose.
If the site still exists it means that someone uses it so I'm here now to ask you where I'm wrong.
I close with one last question: Has any of you ever tried a cloud mining service? I have seen that only Genero has remained on Genesis-mining, while BTC is still available on Minergate. According to you are profitable services?
Thanks in advance for your reply.
