Author

Topic: Need to rent mining machine (Read 618 times)

member
Activity: 113
Merit: 10
December 01, 2015, 06:42:12 AM
#10
use nicehash, i think its the best solution to rent cheap
legendary
Activity: 1820
Merit: 1001
November 30, 2015, 03:02:31 PM
#9
Okay thankyou for that information..

one more thing.. is that.. if i invest in cloudmining.website or similar.. cloud mining .. will that be profitable ? according to their calculations they say ROI will be around 5 months..


A lot of the mining calculators are way out as they do not factor in diff increases. With cloudmining.website looks a very low budge site and looks to me wouldn't make any return after reading in https://bitcointalksearch.org/topic/high-performance-bitcoin-mining-starting-from-00004-btcghs-since-2014-843417 lot of people and some are saying doing their own calculation on cost of contracts to RIO would be more to 4 years before broke even.

This is taken from info on someone else details
Quote
Total invested = 0.13 BTC
Total received = 0.19206015 BTC
Profit made so far = 0.06206015 BTC, i.e. ~50% profit made in one year

So for them to say 5 months their calculator is way out and not correct. I would just buy Bitcoin hold it and wait for rise sell it get your profit that way then buy back in low and repeat the cycle or learn how to trade online and make far better results than any mining contract can provide.

woah thats bad... -_-

i would think on ur advice to buy and hold bitcoins.. that seems kinda good for me.. will start small

Yeah just have a good look around on bitcointalk before diving into mining right away as ull tend to find most the answers first. You can buy and hold some and or learn to trade buying low selling higher maybe 3 to 4% profit each time and repeating it that way you are gaining or play low and learn trading with a little amount, then when you know more about trading learn to do more crypto coins and different exchanges and then start gaining a good income from it., Or if you do not want any risk just buy and hold.
legendary
Activity: 1146
Merit: 1006
November 30, 2015, 01:00:46 AM
#8
Okay thankyou for that information..

one more thing.. is that.. if i invest in cloudmining.website or similar.. cloud mining .. will that be profitable ? according to their calculations they say ROI will be around 5 months..


A lot of the mining calculators are way out as they do not factor in diff increases. With cloudmining.website looks a very low budge site and looks to me wouldn't make any return after reading in https://bitcointalksearch.org/topic/high-performance-bitcoin-mining-starting-from-00004-btcghs-since-2014-843417 lot of people and some are saying doing their own calculation on cost of contracts to RIO would be more to 4 years before broke even.

This is taken from info on someone else details
Quote
Total invested = 0.13 BTC
Total received = 0.19206015 BTC
Profit made so far = 0.06206015 BTC, i.e. ~50% profit made in one year

So for them to say 5 months their calculator is way out and not correct. I would just buy Bitcoin hold it and wait for rise sell it get your profit that way then buy back in low and repeat the cycle or learn how to trade online and make far better results than any mining contract can provide.

woah thats bad... -_-

i would think on ur advice to buy and hold bitcoins.. that seems kinda good for me.. will start small
legendary
Activity: 1820
Merit: 1001
November 29, 2015, 11:33:28 PM
#7
Okay thankyou for that information..

one more thing.. is that.. if i invest in cloudmining.website or similar.. cloud mining .. will that be profitable ? according to their calculations they say ROI will be around 5 months..


A lot of the mining calculators are way out as they do not factor in diff increases. With cloudmining.website looks a very low budge site and looks to me wouldn't make any return after reading in https://bitcointalksearch.org/topic/high-performance-bitcoin-mining-starting-from-00004-btcghs-since-2014-843417 lot of people and some are saying doing their own calculation on cost of contracts to RIO would be more to 4 years before broke even.

This is taken from info on someone else details
Quote
Total invested = 0.13 BTC
Total received = 0.19206015 BTC
Profit made so far = 0.06206015 BTC, i.e. ~50% profit made in one year

So for them to say 5 months their calculator is way out and not correct. I would just buy Bitcoin hold it and wait for rise sell it get your profit that way then buy back in low and repeat the cycle or learn how to trade online and make far better results than any mining contract can provide.
legendary
Activity: 1146
Merit: 1006
November 29, 2015, 11:08:57 PM
#6
Okay thankyou for that information..

one more thing.. is that.. if i invest in cloudmining.website or similar.. cloud mining .. will that be profitable ? according to their calculations they say ROI will be around 5 months..
sr. member
Activity: 462
Merit: 250
www.AntiBitcoinTalk.com
November 29, 2015, 05:36:56 PM
#5
Are you renting rigs to mine your own coin / pool or just to try make profit? Nobody will rent the whole machine unless you pay a higher price that they will get through mining at their own. But that doesnt make sense if you are mainly focussing on the profit.
If you however are just wanting to mine your own coin/in your own pool, nicehash is providing the power for a very cheap price.

Thankyou for the reply.

I would be focusing for mining alt coin whichever is highest profitable at that moment. So what do u think ? should i rather buy my ow rig setup or rent..
any other sites like nicehash?
its better if you will buy your own rigs but you must also know it consume much electricity must also know the electricity rate in your place
i also mine altcoin but i dont buy rigs because i dont think nits profitable in our place due to high electricity rate
so i just rent if the coin have some large hashrate i prefer renting in nicehash because they rate is cheaper but they have minimum
if you think the minimum in nicehash is too much you can rent small hash in miningrigsrental

legendary
Activity: 1624
Merit: 1007
November 29, 2015, 04:18:17 PM
#4
Are you renting rigs to mine your own coin / pool or just to try make profit? Nobody will rent the whole machine unless you pay a higher price that they will get through mining at their own. But that doesnt make sense if you are mainly focussing on the profit.
If you however are just wanting to mine your own coin/in your own pool, nicehash is providing the power for a very cheap price.

Thankyou for the reply.

I would be focusing for mining alt coin whichever is highest profitable at that moment. So what do u think ? should i rather buy my ow rig setup or rent..
any other sites like nicehash?

It is really hard to find profitable altcoins to mine. If you are interested in a service you could have a look at either miningrigrentals or betarigs - Both are represented here in bitcointalk also.
If you are interested in mining profitable alts, the way to go could be mining new coins that come out. It would be easier with an owned rig but certainly possible with rented rigs also.
legendary
Activity: 1146
Merit: 1006
November 29, 2015, 01:43:57 PM
#3
Are you renting rigs to mine your own coin / pool or just to try make profit? Nobody will rent the whole machine unless you pay a higher price that they will get through mining at their own. But that doesnt make sense if you are mainly focussing on the profit.
If you however are just wanting to mine your own coin/in your own pool, nicehash is providing the power for a very cheap price.

Thankyou for the reply.

I would be focusing for mining alt coin whichever is highest profitable at that moment. So what do u think ? should i rather buy my ow rig setup or rent..
any other sites like nicehash?
hero member
Activity: 910
Merit: 1000
「きみはこれ&#
November 29, 2015, 08:57:38 AM
#2
Are you renting rigs to mine your own coin / pool or just to try make profit? Nobody will rent the whole machine unless you pay a higher price that they will get through mining at their own. But that doesnt make sense if you are mainly focussing on the profit.
If you however are just wanting to mine your own coin/in your own pool, nicehash is providing the power for a very cheap price.
legendary
Activity: 1146
Merit: 1006
November 29, 2015, 08:35:44 AM
#1
Hello i used to mine crypto coins with my graphic card few years ago.. but that is no more viable and i dont have the time nor location to buy new rig and start up mining.
I want to to know any good people or company who would rent out machines but the condition is i want full control of the machine and no pre made settings. Just ready made hardware setup.

thankyou
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