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Crypto-Currency MIning Contracts, thoughts?

post #1 of 4
Thread Starter 
What are you guys thoughts on these "mining" contracts I see tons of them on Ebay and even a few websites that offer similar services, do you guys think this is a good idea?
post #2 of 4

I personally wouldn't use them for a couple of reasons:

  • The crypto-mining scene changes quick, within a couple hours you can go from making $10 a day to making $3 a day, so there's the possibility of both winning big and losing out when renting these contracts
  • For long time contracts, again, mining changes quickly and chances are the contract won't pay itself off. The reason they have these contracts is so that they make more money than straight mining with them, because if mining was more profitable than renting their hardware out, why wouldn't they mine for themselves?
  • This relates to the previous point, often eBay contracts for 24 hours, or however long it's for is very overpriced, and you'd be better off investing in your own equipment, or in a certain coin instead.

 

Hope that helps you out a bit!

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Number Cruncher
(16 items)
 
HTPC
(11 items)
 
750TIMINER2
(15 items)
 
CPUMotherboardGraphicsRAM
i7 2600k ASUS Sabertooth Z77 Sapphire 290 Tri-x 4GB OC CORSAIR Vengeance 16GB 
Hard DriveHard DriveHard DriveOptical Drive
Intel 520 120 GB SSD Seagate Barracuda 1 TB 250GB Samsung 840 EVO SSD LG Blu-Ray Lightscribe Combo Burner 
CoolingOSMonitorPower
Swiftech H320 (CPU only) Windows 7 Ultimate 27" Shimian 1440p Monitor 1000W Corsair PSU 
CaseMouseMouse PadAudio
800D custom painted and fixed up! 15 year old Microsoft Custom Minecraft Mousepad Logitech 2.1 Speakers (wub wubbity wub wub) 
CPUMotherboardGraphicsRAM
i5 3570k MSI Z68 MA-ED55 MSI GTX 750 Ti 6GB Corsair XMP 
Hard DriveOptical DriveCoolingOS
500GB WD Blue ASUS DVD Burner Hyper 212+ Windows 8.1 
PowerCase
Rosewill HIVE 750W Rosewill Blackbone 
CPUMotherboardGraphicsRAM
AMD Sempron 145 Gigabyte 990FXA-UD3 4x MSI GTX 750 Ti 6 GB Corsair XMP 
Hard DriveCoolingOSMonitor
500 GB Seagate Barracuda Stock Windows 7 LG 20" 900p display 
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post #3 of 4
Thread Starter 
Thanks, I actually wasn't thinking of buying a contract but of selling contracts and wondering if there truly is a market out there for such a thing
post #4 of 4
check out nicehash.com
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yunojelly
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