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Questions tagged [cloud-mining]

Refers to mining setups that rely on rented mining hardware.

4
votes
1answer
690 views

When is it a good time to invest in Cloud mining?

I bought bitcoins a while ago, an investment, but have now been reading up on cloud mining. Due to the cost of bitcoins rising, is now a good time to invest in cloud mining?
6
votes
4answers
1k views

How do cloud hashing companies profit? (leasing hashing power)

I think I'm missing something. There are a bunch of cloud hashing companies that lease hashing power. Let's take cointellect for example. They have contracts from 10 days to 24 months. If I buy a 10 ...
10
votes
6answers
7k views

Why would someone rent hashing power?

I have seen some people on the bitcointalk forum looking for hashing power to rent (here is one example) and usually they pay more to rent the rig than they would earn by selling the mined coins at ...