Post
Topic
Board Trading Discussion
Re: Borrowing Bitcoin in order to rent hashpower
by
InwardContour
on 12/07/2014, 20:52:05 UTC
Most mining rental websites will charge you a price above what you can expect to earn by using the hashpower

Yes, at least it currently seems so.. The person who borrows money does not only have to take the loss by renting hashpower but also has to pay the interest rate..
Maybe times will change concerning cloud hashing services..
hashpower rental sites will have no reason to charge less then wheat it would be expected they would earn by mining themselves.

It really only makes sense to rent hashpower if you are trying to test something/do some kind of research or if you are trying to attack a pool/altcoin

Yes. People who rent it usually rent them to hash new coin.
I would say it would be more accurate to say that they manipulate a new coin.