I am searching the forums and there are people that are renting out mining contracts where basically they charge 1 LTC for a service that generates 0.5 LTC for the time period.
Why would anyone buy this when they can buy the LTC themselves for half the price.
For example
With a 2000khash/s rig
In 24 hours you generate about 0.5 LTC, but people are renting out their rigs for 1.0 LTC
Is there something I am missing here?
Why would anyone buy this when they can buy the LTC themselves for half the price.
For example
With a 2000khash/s rig
In 24 hours you generate about 0.5 LTC, but people are renting out their rigs for 1.0 LTC
Is there something I am missing here?
First off, every season is fool hunting season. Second, such contracts are useful to people who want to accumulate a certain currency for whatever purpose quickly, and regardless of the cost. What usually happens is that the difference is not 2x, but up to 1x5 can be tolerated by many investors.
