Question_ Why do people rent out mining rigs_ Wouldn’t it be more profitable to run it yourself and keep the coins_ _ Bitcoin the price of bitcoin

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I used to offer the ferroh mining contract. (I offered this service in january 2012.)

I assume this is the type of service you’re asking about.

I did it because it allowed me to safely buy a very large amount of mining equipment at a low risk.The price of bitcoin

It turns out that mining myself and not offering the contract would have provided me with a much larger profit, but the risk still would have been much higher.

Both myself and the contract purchasers profited (though it didn’t have to end this way, they could have lost out). I gained a reduced risk. They gained a return on investment without having to do any other work.

When you sell someone a mining contract, you get all the funds up front that you need to pay for equipment and labor, and you are guaranteed to have this amount. You can then focus on operating an efficient farm, and not worry much about price and difficulty fluctuations (you only care if operating profit goes negative, in which case you shut off your rigs).

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