Crypto and Bitcoin Mining Rental Rigs and Cloud Mining, What's The Catch?
I am referring to sites like these: https://www.miningrigrentals.com/ https://iminer.net/en/ https://www.rhy.com/en_us/rental https://iqmining.com/ https://mineunit.com/device The 3rd one is a Chinese website that boasts Electricity Bill 0.046 $/kwh. How do I get 0.046 $/kwh if electricity in my area is 0.18 $/kwh. Are they sending me a physical machine or leasing their 'profits'. What's the catch? Why would they want to rent this to me when they can just plug it in and make the profit themselves? Maybe they are doing this because the halving eroded their profits? Is this a hedge in case Bitcoin falls? Or. Are they making a profit difference on the spread of what the miner makes and what they charge me to rent, best case scenario leaser and purchaser both makes money? How is this not a big thing yet and wide known and why doesn't everyone just dump their money into this if it seems like the websites are just saying and advertising it's free money as long as you have the capital to rent. It sounds all too good to be true, please enlighten me.
Have you invested in Bitcoin? Quadoptions is offering you a smart and easy way of to invest your money. Our Bitcoin mining is suitable for those who are new to cryptocurrency, as well as for cryptocurrency experts and large-scale investors. Quadoptions is one of the world’s first large scale multi-algorithm cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining investments. We are a team of expert in the digital currency sector and our Bitcoin mining algorithm is designed to provide the most efficient and reliable Bitcoin mining rentals with the use of our latest ASIC (application specific integrated circuit) by our professional miners. Join our community of investors and be traded for by our professional traders who share more than a decade commitment to pursuing superior returns. Applying their talents to fundamental research and advanced quantitative analysis to bring their insight to market. Guided by these imperatives, we move swiftly and deliberately to capitalize on opportunities having the potentials. Contact us @ www.quadptions.com Email: [email protected] Chat us through our live support Quadoptions Doing the hard work for you
12-20 15:24 - 'There is mining rental. [link] / You legitimately rent some hashrate and point it to a pool. It's not profitable. Can be used to test something, buying like 6 hours of miner time.' by /u/jenny82ishere removed from /r/Bitcoin within 399-409min
''' There is mining rental. [link]1 You legitimately rent some hashrate and point it to a pool. It's not profitable. Can be used to test something, buying like 6 hours of miner time. ''' Context Link Go1dfish undelete link unreddit undelete link Author: jenny82ishere 1: www.mini*g*igren**ls.*o* Unknown links are censored to prevent spreading illicit content.
ULPT: You can increase your margins mining crypto by hooking up your bitcoin mining rig at a rental where you have negotiated a rental rate with utilities included.
One of the primary costs, outside of the actual upfront cost of the equipment, is paying for the energy used to power the mining equipment. A way to lower your expenses and increase your margins is by finding a landlord that is willing to let you pay rent with utilities included. The landlord will end up bearing the cost of your power consumption. For more on Bitcoin Mining Rigs Click Here
We consider Bitcoin to be immutable. But, even if only theoretically, it is possible to rewrite the ledger with a 51% attack. When ever I have been asked about this I have always said, “yes it is possible, but it would take a military grade budget” What would be the real cost of doing a 51% attack when factoring the cost of machines, the cost of energy consumption and other indirect/direct cost?
Investing when you don't trust [that] your own judgement [lines up with popular trends]
At 37, better a little late then never, I finally understand I need to invest my money. I've read advice that "if you have expertise in a field, why not use that to inform what companies you invest in?" Here's the problem: as a tech geek / early adopter I tend to get the technical fundamentals right, but bet on the wrong horse every time. I zig just before the general population zags. I know this about myself, so it makes me question how I could trust myself to pick investments. For example, I invested a lot of time, and some of my money, on a pre-Android Linux phone and learning how to develop for it. A few months later, the first iPhone came out. Right idea, wrong timing - I missed the mobile app developer bandwagon by being too early. Of course I could have pivoted to the new platform, but rode the sinking ship instead. Plus my tightwad (now ex-)wife at the time wouldn't stand for me putting $$$ on a different smartphone so soon after "wasting" $$$ on a dud. In 2010 I thought Facebook was crazy to turn down a $24B offer from Microsoft. I predicted that people my age and younger would soon become disillusioned with the platform and might start leaving it in droves. I predicted FB would become and remain an irrelevant cesspool of sh!tposts and political memes. Plus you know, privacy concerns and all that. Well you all know how that turned out both in what did happen and how little long term effect it has had on FB's market value. In 2009 (post crash) I supported / encouraged my (now ex-)wife at the time in buying our first house, because I envisioned that entities able to buy up properties for cash, such as (foreign) investment firms and rental companies were going to soon start out-competing individuals for houses on the market. I think I thought the concerning half of every trend over 2010-2020 was going to take place in 2009-2011. That didn't happen (then), and when we wanted to move the house failed to sell; she still lives in it. I was aware of Bitcoin from early on. I could have easily mined it when it was still energy efficient to do so on a PC (and I had a collection of powerful PCs for the time), but I thought it was foolishness and didn't want any part of it. It's like that episode of King of the Hill where Peggy figures out that by following Bill around as he shops and seeing what he buys she can know what to invest in because Bill is such an "everyman." Except in my case maybe you should pass on the things I pick for myself.
Hello Reddit! I'd like to welcome you all to try Foreman, our miner management platform. Site: https://foreman.mn/ Demo: here What we offer:
Hash rate monitoring
Remotely change ASIC miner pools
Remotely reboot ASICs
Earnings reporting without needing to provide your wallet addresses
Centralized pool metrics
Alerting when things go wrong
ASIC and GPU support
NiceHash, MiningRigRentals (and AutoMiner), and ProHashing integration
HiveOS, nvOC, Linux, and Windows support
What we support: (user request driven - you ask, we add support) ASICs and FPGAs:
ccminer (and forks)
sgminer (and forks)
suprminer (and forks)
If you're still with us, check us out. Fully free for 30 days! If you have any questions, don't hesitate to hop on our Discord. BitcoinTalk: here Medium: here Twitter: here Open-source: here Happy Mining, The Foreman Team
iMiner is a registered trademark in Turkey, which has more than 7 years of experience in Bitcoin mining and investing in the mining sector, and has now launched its own Minerals Rental Service. This rental service has now been launched in Turkey, Russia, the US, Canada and Iran, which has been well received by users. Wolkemining provides modern, high-efficiency platform rental services for Bitcoin mining. We are using the world’s best ASIC and GPU machines to generate the best returns. Convenience. It is not necessary to buy expensive hardware and waste your time on setting it up. The mining rigs are already set up and running. Cryptocurrency Mining. Connect your GPU/CPU, ASIC or your entire mining farm to NiceHash and start earning Bitcoins. Start mining. learn more. Buying Hash-power. Rent out massive hash-power on the largest and most advanced hash-power marketplace. We support a wide range of pools! NiceHash is the leading cryptocurrency platform for mining and trading. Sell or buy computing power, trade most popular cryprocurrencies and support the digital ledger technology revolution. RHY Mine - The first share of the listed company's mine, 450MW power supply capacity can accommodate 300,000 sets of mining at the same time, digging bitcoin, making it easier for you to dig Ethereum!
Renting Bitcoin hashing power from Nice Hash / Rundown on how it works.
Just want to show you guys my 2 mining systems that actually pays my rent. Luckly my rent isn't a lot :P *****... Mining Rig Rentals - Are They Worth It? Mining rig rentals are becoming a ever increasing popular way to pick up different coins that you may be interested in. A great resource can be found at ... This video is not a financial advise and I am just sharing about my experience in using Mining Rig Rentals platform for a week now. I already invested $300 in this platform in the hopes that I can ... https://www.nicehash.com/?refby=29819 : Learn how to rent hashing power to send to your Bitcoin mining pool from nice hash. http://www.bravo-mining.com/index... I recently covered renting out your Mining Rig aka selling your hashpower and today it is all about buying hashpower aka renting a cryptocurrency mining rig....