Short answer: No.
Long answer: NOOOOOOOO.
Long answer: NOOOOOOOO.
LOL!
Funny, but not true.
They can mine an alt-coin and make some profit, but they would need to have knowledge on the subject.
Topic: Mining rigs rental is that profitable? - page 5. (Read 44256 times)
LOL!
Funny, but not true.
They can mine an alt-coin and make some profit, but they would need to have knowledge on the subject.
Well i were surfing around the web and those site took my attention ,i see an average of 900 satoshis for 1ghs,is that profitable did anyone of you tryed it?is it safe? Looks like there is some users renting them,soo i suppose they get some income from them,and well looks to be safe ,meaning that with the rented rig it can achieve ROI.
Is the 900 satoshi per ghs your income or your cost? If it's your cost, figure out how much you can earn over that. If it's your income, figure out how long it takes to process 1 ghs and then you can find out how long it'll take to earn a return over your investment.
By the way, did it occur to you to ask this question in the Mining board, where experts on this stuff tend to hang out?
Here's the link: https://bitcointalk.org/index.php?board=14.0
Are you looking at actual rig rental or some cloud mining ponzi scam?
he is probably talking about miningrigrental, the website that let you rent a rig
but with thoe rate the profit would be very low, less than 0.001 for 1 tera rented
https://www.miningrigrentals.com/rigs/sha256
Short answer: No.
Long answer: NOOOOOOOO.
Long answer: NOOOOOOOO.
there are 2 options. Your profit or loss when the mine with how to rig rental
Well i were surfing around the web and those site took my attention ,i see an average of 900 satoshis for 1ghs,is that profitable did anyone of you tryed it?is it safe? Looks like there is some users renting them,soo i suppose they get some income from them,and well looks to be safe ,meaning that with the rented rig it can achieve ROI.
It is profitable if you know which coins are good to mine and will be profitable in the long run. But ofcourse it will take some skill on choosing the right coins.
I have a combined of about 10GHash/s rig which actually gives about 15000 satoshis per day.
However, the cost of running is about 50W x 24 =1.2kW, which is about USD $0.20 per day (~87000 satoshis).
However, the cost of running is about 50W x 24 =1.2kW, which is about USD $0.20 per day (~87000 satoshis).
If you know which coin to mine it's very profitable. I have a friend who is very talented in choosing new altcoins to mine. He rarely be mistaken and usually get more than %100 earnings from one coin.
Do you have enough info about altcoins? Do you know all type of hashing algorithms? Do you know about difficulty and other specifications? If you don't know what to do don't try this or you'll lose your money.
Do you have enough info about altcoins? Do you know all type of hashing algorithms? Do you know about difficulty and other specifications? If you don't know what to do don't try this or you'll lose your money.
Well i were surfing around the web and those site took my attention ,i see an average of 900 satoshis for 1ghs,is that profitable did anyone of you tryed it?is it safe? Looks like there is some users renting them,soo i suppose they get some income from them,and well looks to be safe ,meaning that with the rented rig it can achieve ROI.
Renting mining rigs allow the user to know that their rented hashpower exist and they can point it to whichever pool they want. The pricing of 1gh is for a period of time, after that period, the hashpower would be rented for someone else. This makes it much more expensive than cloudmining where you could have the hashrate till you sell it and only small fees are charged. Those mining rig rentals are mostly for people to test out their pool or altcoins. 
Not at all
Mining rental is not profitable anymore,mining is only profitable for huge mines that are able to avoid electricity and get better miners
Mining rental is not profitable anymore,mining is only profitable for huge mines that are able to avoid electricity and get better miners
Are you looking at actual rig rental or some cloud mining ponzi scam?
well im very new can you guide me i need a stratum and username and password where i do get one?
If you can rent 1% of the total hash power, then yes. It'd be profitable. Otherwise, it is just gambling.
It is better to try Cloud Mining, where you may get 10 Ths @ 8 BTC.
By the way, could you please point me out, who is giving 1 Ghs @ 900 Satoshi or 0.000009 BTC ?
It is better to try Cloud Mining, where you may get 10 Ths @ 8 BTC.
i see an average of 900 satoshis for 1ghs
By the way, could you please point me out, who is giving 1 Ghs @ 900 Satoshi or 0.000009 BTC ?
Well i were surfing around the web and those site took my attention ,i see an average of 900 satoshis for 1ghs,is that profitable did anyone of you tryed it?is it safe? Looks like there is some users renting them,soo i suppose they get some income from them,and well looks to be safe ,meaning that with the rented rig it can achieve ROI.
Jump to: