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Re: I need to rent an Antminer S5
by
philipma1957
on 21/04/2015, 00:49:00 UTC
Quote from: toptekk on April 21, 2015, 12:04:28 AM
Quote from: philipma1957 on April 20, 2015, 11:59:24 PM
Quote from: toptekk on April 20, 2015, 11:56:02 PM
Quote from: philipma1957 on April 20, 2015, 09:11:10 PM
Quote from: rptech1402 on April 20, 2015, 12:07:53 PM
Hello,

I'm looking to rent a Antminer S5. I will not accept re-renting machines (Renting from MMR or betarigs and then renting to me).

Ill be looking to rent for the first 24hrs and then if the miner is good I will look to rent for a further 28 Days.

Obviously I need to rent cheap I'm looking preferably at $2.20 - $2.50 per day.

the miner will need to be pointed towards my pool of choice.

I'm not sure how this would work if an escrow is needed.

Any help is appreciated.

Okay lets say I rent you 1.15 th point it to where you want. And I say 28 days upfront so 28 x 2.50 is 70 dollars. power used is  600 watts x 24 = 14.4 kwatts a day so in a place with 10 cent power I spend 1.44 and collect 2.50 = 1.06 a day.

So your deal is decent as it assures the miner 28 x 1.06 = 29.68 profit if you pay up front.

If I mine that same gear today for 1 day I make 0.0102 btc at f2pool or 0.0102 x 225 = 2.295 usd - the same 1.44 = 75.5 cents.

So you 2.50 a day is decent deal for a 10 cent power miner.

  I am not a 10 cent power miner so I can not do this for you.

Even at my power cost I won't mines at  0.0855 cent per kwh for the next 20 months . i guess tiring it up for 28 days turns me off .
Actually if you have  4 or more of them tying 1 up is okay as it is a certain profit. not big but certain. they you risk with your others.

In my case summer power rates kick in and most likely I  am turning all gear off very soon.

my other question is how is he going to get the coins unless he uses his BTC Address , he just can't use any log in and there would have to be a lot of trust on his part . not that  I can't be trusted, i can, just my thoughts.  i would not want some one elses log in, other then there BTC address and the pool info .

my power cost stays the same all year long we actually use more in the winter then summer believe it or not .

he would need to send the 28 days up front to an escrow guy.which is a PITA since funds freeze for 28 days and the miner and the renter need to say hello to the escrow guy every few days to be sure all is well.  or he could just send the 28 da up front to the miner and hope the miner is honest.