Quote from: ycsi on March 07, 2014, 04:38:47 PM

Quote from: litecoin123 on March 07, 2014, 04:07:06 PM

Renting is really cheap at the moment but i think it is still profitable for leaser. I've just rented my small rig with 760kh/s for 7 days for 0.0084 BTC/day. Very cheap but this is still 0.25LTC per day. If i would mine at give-me-coins i would probably mine about 0.15-0.2LTC per day. Lousy profit since i've paid almost 900EUR for the rig and now you can rent it for so cheap but i dont have time to mine alts... any alternatives?

i think that renting is so cheap atm because mining is not so profitalbe for renter neather. Prices for alts are going down and more and more LTC script ASIC miners appearing so the difficulty is rising and GPU mining is less and less profitable, unfortunately Sad

Most of new guys (new to Betarigs) are missing an important point: the current demand for scrypt miners sits at 1.6-18Gh/s for many days now. All renters that are paying today 0.008BTC/M/day were happily renting a few days ago at 0.012-0.015BTC/day.

By lowering the price, you just devalue yourself, while you're not increasing the demand. In other words, if it weren't for newcomers who position themselves on price alone, more of us would be renting out our rigs. So your logic that you are making more at betarigs than somewhere else is a bit flawed, because you could be making even more here if you priced it higher.

Don't get me wrong, I'm seeing this kind of behaviour every day, but in real life you have the choice to either deal with a cheap amateur, or with a professional. Betarigs as a marketplace is unable to effectively provide that distinction.

Just for the reference, one of my rigs was rented for over 500 hours at the Betarigs - but not at current prices.

I agree, they were happily renting few days ago at 0.012-0.015BTC/day BUT the demand stayed the same while new leasers where coming and coming so it is logical that the price will go down. That's how the market works, i quess Tongue