Post
Topic
Board Service Announcements (Altcoins)
Re: [ANN] BETARIGS.COM - Cryptocurrency cloud mining - 1000+ scrypt rigs online!
by
Tigggger
on 27/02/2014, 23:10:53 UTC
I need help understanding something.

at current lower end rates of 0.015 btc/mhash/day.. renting rig out still yelds 1.5-2x more value than mining at most pools, including some of my favourite ones... I really don't get the economics of renting.. I mean, I'm loving it, but I don't get what makes it profitable to the renter?? I.e...  Ican't find a pool that would pay me more then I'd get for leasing my rig out.. even with altcoins and coin switching. etc.

I expect the bulk of rentals are on new coins that have just come out.

For ones that take off the early days can be very very profitable so I expect people are trying to acquire as many coins as possible at the beginning when the diff is low and the block rewards are highest.