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You can't rent that algorithm on the market they are calculating the spot rates for this from; you can come at this in another direction by asking "how much pro
by saurik 5y ago
You can't rent that algorithm on the market they are calculating the spot rates for this from; you can come at this in another direction by asking "how much profit would I have to buy off of someone else to convince them to lend me their mining equipment", and we could quibble over whether that would provide more accurate results (I think it would), but I appreciate where the author of this site is coming from: this is how much it might cost to rent this much power off an existing open market for algorithms (which doesn't bother with Bitcoin as that is mined with specialized hardware and this kind of spot market doesn't apply very well).
- fastball 5y agoThat's not accurate. You can definitely buy hashing power for BTC on NiceHash[1]. Bitcoin is just SHA-256. The more likely explanation (given that this is the crypto space) is that the author is a BTC bagholder. [1] https://www.nicehash.com/my/marketplace/SHA256 https://www.nicehash.com/my/marketplace/SHA256