Topic: Renting a mining rig? (Read 451 times)
My guess is people are counting on implied profits. The current price of a coin does not reflect what it will be worth tomorrow or in a week. If you only plan to mine a coin at the start, but have no plans to mine it for many days, it makes sense to rent some hash for a day or two.
Is it profitable? Because I have been looking at different mining rigs (SHA-256 , Scrypt, Scrypt-N...) and it is always more expensive to pay for the rent than the reward you get from mining with it, so, why do people rent those? Am I missing anything?
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