Author

Topic: Would Anyone try a group rental? (Read 3600 times)

copper member
Activity: 2870
Merit: 2298
March 03, 2015, 09:04:12 PM
#5
All three of your offers have an asking price of 0.01330 BTC per TH/s per day. However 4% PPS would result in a payment of 0.01034174 BTC per TH/s per day. The total hash rate of all of the offers you posted do not have a high enough of a hash rate for it to make sense to try to solomine (if you did then you would be buying very expensive lottery tickets), so you would need to point them at a pool. In order for these rentals to be profitable for you, the pool you have the rented mining power pointed to would need to have at least 128% luck over the time you have the hash rate rented for, which is very high.

This might make more sense if you can get the owner to lower their asking price to closer to a price that works out to 100% luck, and hopefully the pool you point them to would have good luck on the day you rent them. 
legendary
Activity: 1036
Merit: 1000
March 03, 2015, 03:21:26 AM
#4
group rental and mine solo yes but no real reason to do it
if someone want to play with solo mining just mines or rents for himself...
legendary
Activity: 2184
Merit: 1118
Lie down. Have a cookie
March 01, 2015, 04:28:00 PM
#3
not cost effective.

nicehash has a fixed contract much cheaper.

your link wants 300th minimum    so a  1 day contract  cost 3.99 btc

nicehash will do 50th  1 day fixed  for  .55 btc   it is a little cheaper and no escrow to worry about.
Thanks for the information philip!
legendary
Activity: 4102
Merit: 7765
'The right to privacy matters'
March 01, 2015, 04:10:17 PM
#2
not cost effective.

nicehash has a fixed contract much cheaper.

your link wants 300th minimum    so a  1 day contract  cost 3.99 btc

nicehash will do 50th  1 day fixed  for  .55 btc   it is a little cheaper and no escrow to worry about.
legendary
Activity: 2184
Merit: 1118
Lie down. Have a cookie
February 27, 2015, 03:47:05 AM
#1
It sounds crazy but would anyone want to try a group rental?
I was only wondering since miningrigrentals has a 500TH, well sorta looking thing, that is up for rental.
500TH
Other 500TH
400TH

If people would want to buy shares to have it aimed at a solo pool.
Shares could be percentage wise of the total cost, as well as total payout.

Escrowed for sure, by someone willing to collaborate or do work.
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