Quote from: carly200 on February 28, 2014, 01:18:43 AM

Quote from: Napping on February 27, 2014, 10:44:02 PM

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.

so you are dumb!? it has been explained like 10 times on this thread...

imagine you cannot own a rig... then renting is the only option.
I know nobody (except noobs) that mine for "now"... mining and investing into mining means trusting a coin and its future...
of course there are some small gains made in a matter of hours or days, but the money is in "keeping" good coins until they ralley...

I bought most of my BTC at 10-20$, then some around 80$... and I didn't do that to sell them at 90 ;-)

btw. the "are you dumb" remark is sarcasm... if you take it personally, then I cannot help you ;-)

haha thanks, and no worries, I do feel dumb ).
also, looks like average cost is coming down due to increased number of rigs/competition..