Renting out 2TH/s cointerra | Bitcointalksearch.org

raskul

sr. member

Activity: 434

Merit: 250

Quote from: MGK- on March 14, 2014, 08:50:12 AM

I forgot to add I am on municipal electric, which means my community produces its own electric so we have a much cheaper rate then most other places. In the summer with all A/C running my highest bill last year was $25.xx. So I am able to offer a better rate most likely then other private individuals offering the same service.

I'm not posting this because I am upset with my product, I am doing this to network with other people interested in the same thing I am.

it's all good Wink

and I wish you all the best of luck renting out your rig. I'd buy some time with it but I only mine on DGM pools which can be up to 3 weeks round time and day contracts are useless to me. Not to mention the fact that i'm currently having to cash out all my mined coins to pay bills, when i'd rather hold onto them and wait for price rises. Undecided

MGK-

full member

Activity: 126

Merit: 100

I forgot to add I am on municipal electric, which means my community produces its own electric so we have a much cheaper rate then most other places. In the summer with all A/C running my highest bill last year was $25.xx. So I am able to offer a better rate most likely then other private individuals offering the same service.

I'm not posting this because I am upset with my product, I am doing this to network with other people interested in the same thing I am.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: MGK- on March 14, 2014, 08:35:25 AM

Quote from: raskul on March 14, 2014, 08:04:53 AM

firstly, you don't get 2TH out of a CT. Roll Eyes

secondly, you bought it, you're stuck with it. Cheesy

thirdly, with all the hosted mining contracts available online, you are going to have to do some serious undercutting. you'd be just as well mining yourself.

Cool

You're right, I get 1.6TH/s

second I am not stuck with it, I would have no problem selling it if I wanted to, which I dont.

third I have no clue how many companies are legit in what they offer, I just read a bunch of people selling so I wanted to start a discussion about it.

oh yeah, I love the cute smiley's you use, its like I can see what your face looks like when you are talking.

BTW what do you mine with? lol

OK, thanks, best thing to do is probably check http://bitcoinwisdom.com/bitcoin/difficulty and see what the estimate rate of return would be per 24hrs, factor in electricity costs and sell contracts accordingly. under current difficulty and BTC rate, you're looking at a little under $120 per day and I suppose you could add a mark up, for btc price increases in future, but doubt you'd find anyone on the forums who would rent it out at an inflated rate.

try ebay, mining contracts usually sell for a higher price there than you could get most other places.
My rig?
I have a bit of a haphazard rig made up of a pile of 130nm blades, a BE cube and a BFL 50... currently waiting on delivery of a Babyjet w/ upgrade unit.
until last week it was all-in hashing at 205GH/s until one of my BEcubes died on me, now getting upwards of 165GH/s, which is split between bitcoin pools, and sometimes prospecting petrodollar, to hold onto. So, yeah, it's all SHA-256 ASICs. I also have a little pot of GH on PBmining - they sell 0.0083btc/GH.

my real face is a tad uglier, hence why I use emoticons Grin

;

MGK-

full member

Activity: 126

Merit: 100

Quote from: raskul on March 14, 2014, 08:04:53 AM

firstly, you don't get 2TH out of a CT. Roll Eyes

secondly, you bought it, you're stuck with it. Cheesy

thirdly, with all the hosted mining contracts available online, you are going to have to do some serious undercutting. you'd be just as well mining yourself.

Cool

You're right, I get 1.6TH/s

second I am not stuck with it, I would have no problem selling it if I wanted to, which I dont.

third I have no clue how many companies are legit in what they offer, I just read a bunch of people selling so I wanted to start a discussion about it.

oh yeah, I love the cute smiley's you use, its like I can see what your face looks like when you are talking.

BTW what do you mine with? lol

raskul

sr. member

Activity: 434

Merit: 250

firstly, you don't get 2TH out of a CT. Roll Eyes

secondly, you bought it, you're stuck with it. Cheesy

thirdly, with all the hosted mining contracts available online, you are going to have to do some serious undercutting. you'd be just as well mining yourself.

Cool

MGK-

full member

Activity: 126

Merit: 100

No interest for this I take it?

MGK-

full member

Activity: 126

Merit: 100

I am thinking about renting out my 2TH/s cointerra miner. I am interested to see if I can make a little more letting people choose what they want to do with it for how long. I mainly want to stay with 24-72 hour contract's to reduce problems.

A couple questions,

What price range do you think is fair for both parties on a 24 hour contract?
Are there any major risks I would be taking?

Again I'm just bouncing the idea around for now so any responses are appreciated.

Topic: Renting out 2TH/s cointerra (Read 566 times)