Why would one use cloud mining?


#1

Hello all, this is my first post here so sorry if I'm missing something obvious. I've been looking around at the cloud mining solutions and can't figure out a use case for them. From what I've seen, my $1000 rig will mine at 45 sol/s. Renting the same hash power from zcash cloud mining sites would cost $4300 for a year. Am I missing something, or is cloud mining only worth it for those who can't build their own rig?


#2

also for people who think that there will no stable and fast mining software for GPU @ release date (in 4 days). I've bought 60H/s from GM (for 2400 $).

If there will be later an stable GPU Miner (maybe from claymore) I will build my own rig. And also only if it's rentabel, at the moment no one know it....


#3

Hello,
can you tell the config hardware of your rig?

Thanx


#4

What are your electricity costs? What is your time worth monitoring your mining rig? How much will downtime cost you? It's more than just hardware.


#5

I just speak about config for get 45sol/S so just an hardware :wink:


#6

2x Sapphire Nitro+ OC 8GB RX 480 with modded bios and i5-3570k OCed to 4.2 GHz


#7

Nice, i just build this:

1X ASUS ROG STRIX-RX480-8G-GAMING PCIe
1X INTEL Quad Core i7-6700K 4.0GHz up to 4.20 GHz
4X 8GB DDR4 (32GB RAM )2133Mhz C14 - KINGSTON HyperX Fury

Ill add one GPU more after launch.