Post
Topic
Board Service Discussion
Topic OP
Hardware rental
by
CustomDesigned
on 15/12/2016, 22:06:41 UTC
It wasn't clear where this belongs, this is my best guess.

I want to rent mining hardware hosting.  No, I don't expect to "make a profit".  What I do expect:

o To pay via credit card.  Having mined BTC escrowed until the CC transaction is permanent is understandable.
o To choose which mining pool to use.
o An effective USD -> BTC rate competitive to BTM machines (which of course includes a healthy profit for the operator).
o Visibility of escrowed payouts during the escrow phase.
o After the escrow period, my chosen mining pool provides visibility of hashrate and makes payouts directly to my wallet.

I have mining hardware in my home, but at current difficulties, it is too noisy (fans).  I have used BTM machines, but they are becoming too invasive (not the operators fault - government requirements).  In person cash transactions have minimums that are too high.

I tried a small amount on genesis-mining, but the total lack of feedback makes me suspect it is a scam.  Plus, they don't let me choose the mining pool.  I have a (possibly irrational) loyalty to Eligius.

Paying for BTC mining rentals with BTC is counter productive - as it effectively donates BTC to the operator.  Mining rentals only make sense economic sense when paying with a currency different from the one being mined.  The operator might as well just keep all the BTC mined and skip the rental.  You are effectively making a negative interest loan to the operator!