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Which currency do you want to mine? Bitcoin etc. are not profitable if you rent a dedicated server as far as I know of.
I'm leaning towards Monero, however I'm not quite sure yet. I still have to do some research.
Money doesn't grow on trees.
How is that relevant to the discussion posted?
You have to write - Specifications do not matter and prices do not matter.
The price does not matter either. I will add it to the post.
It's not economical to rent a server for the purpose of mining.
First off, even if power was the only factor, most modern servers will not make a huge amount of profit. You could possibly generate 2x the power costs. So if the power is $10, then you can make $20 in crypto, leaving you with $10 in profit.
Since any host can use their own equipment for mining, why would they rent it out to you if they can make as much, if not more, mining themselves?
I wouldn't rent to you a server for less than what I could make from mining from it. Bare in mind that that are always risks with hosting clients, and none doing your own mining.
Besides, when renting out to clients, hosts need to consider the hardware cost, which could never be repaid in a reasonable time frame through a server's who's sole purpose is mining, unless the client was paying more for server rental than what could be obtained through mining.
You have to keep in mind that I'd still need to buy hardware and cover electricity costs if I wanted to mine with a physical server in my location. My issues would be electricity and hardware costs, which I'm trying to cover by using a data center, in this case they would pay for the electricity, I would rent the hardware.
My issues would be electricity and hardware costs, which I'm trying to cover by using a data center
Forget about your hardware costs being covered by a provider, this will not happen. Buy some decent hardware and ask for colocation prices if electricity is so expensive in your place.
I mine on my machine when I'm at work, and I can do 1.4 kh/s between 16 CPU cores and a 1060 6GB on cryptonight.
I average out to 89 cents a day after everything
You are not getting the point. What he saying is if the mining were profitable the provider would mine himself no need to rent you the server and make less profit. It would be like selling geese that lay the golden eggs.
Nope, not feasible.
A 2X XEON E5-2640 V4 (around 220EUR/month) only provides around 44USD profit per month. It's worse for lower-power CPUs.
I don't think you get it.
Let me put it this way. I have a data center full of unused servers. I have a number of servers that can mine profitably whereby my electricity costs is about half the value of the Monero mined.
Why would I as a provider rent out one of these servers to? Can I as a provider make a profit renting a server to you? Can I as a provider make more money mining with the same hardware than I would be renting it out?
Please explain how the provider will benefit from renting out to someone who just wants to mine.
@randvegeta: he probably will not listen.
simply offer him something at a price you make money even if the server runs at full load 24/7 afterwards and be done with it.
after all it should be his choice and experience to make if that will earn him enough moneros ;-)
Here's an offer. Xeon E5-2650, some ram, an HDD, $49/m, 1IP and some bandwidth. Perfect for mining!
https://incero.com/autoservers.php
Dual E5-2620 $33.25 first month.
How many do you need? Just 1 server or multiple?
here you can find something https://www.hostsolutions.ro/servere-dedicate/servere-dedicate-ieftine-romania
when i saw this topic only by the title i thought he wanted to mine dedicated servers but the literaly.
Renting a server for mining sounds really old fashioned.
https://blog.sucuri.net/2017/09/hacked-websites-mine-crypocurrencies.html
watch out you might get the server lung
bumping a thread from 2017, not smart when shilling
He/she pressed the submit button in 2017, but due to the 100% CPU usage on their dedi it took a while longer to really submit it.
It means you would end up spending more than earning, nothing comes for free.
OMG this was a necroposted thread... The pains are unbearable. It hurts right here, on this particular spot. I don't think i am going to make it.
That's why I didn't respond. U are losing it, J-ski.
The pleasure is to play.
and don't forget the joker
EDIT2: aye, and pray that the joker may forget about you.
EDIT3: ... inb4 lemmycoin!
ACE OF SPADES
THE ACE OF SPADES!