Am I missing something or are the prices too high?
By my estimation , If we select the highest one right now (as I am writing this).
24 hours : 0.02320000
On coinwarz the most profitable coins are ;
VertCoin : 0.02079060
AlphaCoin : 0.02064853
Franko : 0.01936566
And so on ,
Is there something that I am missing with the prices?
Not quite sure what you are saying but coinwartz currently showing vertcoin as 0.006833623 BTC / day
cheapest leasrig is 0.00696296
seems cheap to rent a rig to me if you dont have to pay out for the equipment, watch it, worry about it....
Plus, Its got to be worth more to rent out the rig than mine for us to do it or we would just mine ourselves, like we do when its not rented.....
The people who are renting our rigs are, in general, people who have a special purpose for doing so, not just the general public doing random mining. The other day I had the developer for Marinecoin mining with my rig. (I searched on the coin and discovered it, VERY briefly, had a market cap above that of bitcoin. At least technically. That evaporated quickly so I didn't follow up with my own mining on it.) Another guy I had was a Ukrainian mining Crimeacoin and similar stuff, probably for political purposes of some sort. Another was a guy mining Spaincoin last Thursday, several days before it spiked. I also managed to mine a bit of it afterwards and catch part of the wave, though I held on too long and barely got out intact after investing some of my BTC stash.
Point is, these are people with "hot tips" or special insight/information, or developers looking to do a bunch of early mining and so forth. I suppose there are "regular folks" just trying things out, but I doubt they are a big proportion of the rentals.