This is a good idea, but am I the only one that thinks the price is a little high ?
4020 kh/s 0.09045 BTC You'd be lucky to make .09 in 24 hours with 4k hash..
If rig rental rates weren't higher than could be obtained by straight mining, then there wouldn't be any incentive to make them available for rent. There's risk on both sides of the equation, and the market seems to be doing a good job of sorting out a reasonable rent. If rates are too high then the rigs won't be rented. If they're too low then there's no incentive to rent them out. Somewhere in the middle is the equilibrium of supply and demand.
You also have to keep in mind that a lot of the rented rigs aren't being used to mine whatever's top of the list at CoinWarz or wherever. If someone wants to accumulate a stash of a fairly recently launched coin, and it's not on any exchanges yet, then the only way to accomplish it is to mine them. Plenty of people who don't have the time / space / funds / electrical capacity to run expensive rigs 24/7, so this marketplace lets them decide if they want to speculate on leasing someone else's equipment for a while.
Essentially the going rate will end up being normal mining returns + speculative premium. That speculative premium is what supply and demand is sorting out as we speak.
Good point... +1
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BoardService Announcements (Altcoins)
Re: [ANN] BETARIGS.COM - Lease and rent mining rigs - As simple as adding a pool!
by
linkgabbie
on 30/01/2014, 02:35:03 UTC
This is a good idea, but am I the only one that thinks the price is a little high ?
4020 kh/s 0.09045 BTC You'd be lucky to make .09 in 24 hours with 4k hash..
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BoardAltcoin Discussion
Re: [ANN] DigitalCoin Poker Tournament II (1,500 DGC Guaranteed)
there are only shares missing if we completed any blocks.
All the stratum logs (which is what tells me if we found any blocks) say we havent found any blocks.
So you are still accumulating shares towards whenever we find a block.
Now, it *looks* like the *REASON* we didnt find any blocks in so long could have been an issue with the stratum mining code we were running before (which has since been replaced).
However, I cannot magic blocks into existence If I could, I'd be rich and quit working my day job haha.
That said, I am still not ready to 100% declare that we just havent found any blocks for almost 24 hours now. I'm looking into it with every spare moment I have.
I really hope you find something ! or at least we find a block so we can end this bad luck run! linkgabbie...
Hi all, This is an excellent forum for getting info. I'm mining via GPU & have some dedicated hardware on the way. Looking forward to participating. Steve