Post
Topic
Board Mining
Re: Cloud mining for bitcoin
by
Mr. Magkaisa
on 29/12/2022, 08:00:51 UTC

I did try to rent rigs from them.  Its fine so far, you can point the miner wherever you wanted them to mine.  I used them to mine Doge back then.  If I hold those Doge that I mined I would have say I have profited a lot but sadly, I sold them when the price was too cheap.   I would still recommend to buy coins than renting mining rig because the best deal you can have in renting rigs is a break even except you plan to hold the mined coins and sell it when the price goes up.

  - In short, you've tried to do this in the last few years mate? Did it come back to you in any way that the capital you used in this rental mining grew? and at that point you're saying that it's not profitable, right?



They host mining rigs that are set for rentals.  Of course the platform needs to profit and at the same time the owner of those mining rigs. So there are already added charges which reduce the profitability for mining. You can try it for experience, since you have to command on where you wanted to point those miners. 

   - if that's the case, I think I want to try it, nothing, just out of curiosity, I don't have a problem if I don't make money and at least I know the feeling of this way in this industry to earn crypto via rental mining.