He nearly got 350 FTC from me! Luckily I decided not to buy :-\

Can you post here what action you can take? I’m eager to see how this plays out, would be a shame if this guy got away with it!

[quote name=“jti8899” post=“57144” timestamp=“1391568293”]
[quote author=CloudScrypt link=topic=7318.msg56994#msg56994 date=1391515772]
[quote author=Thytos link=topic=7318.msg56993#msg56993 date=1391515400]
[quote author=scruffters link=topic=7318.msg56984#msg56984 date=1391510905]
I expect scrypt cloud hashing services will become more important in the future. It happened (to an extent) with BTC.

As a service, these types of arrangement only further validates crypto as an industry. I think that is quite important, actually.

I can’t see average folks building their own rigs. But rental could do very well in the long term…
[/quote]

I agree with those same 3 points.
[/quote]

+1, I see it as a very viable introduction for some, and alternative for others - of course there will always be the hardcore builders! ;D
[/quote]

I can see various reason someone would want to lease their rigs to others, the obvious being profit short term.

I can also see many reasons why others would want to lease a rig (like a car, or furniture and appliances) the obvious being lower responsibility for the equipment, although at a higher cost. Just because a person could take a bus for cheaper then leasing a car, does not mean leasing a car is not a viable alternative for them. Maybe they want to learn about mining and receive coins with no fiat paper trail to them, without the cost and headaches of buying and building a mining rig. I have built them and it is no task for the average, never built anything kind of person. Maybe a better example would be leasing a washer and dryer vs going to the laundromat?

With all that said, wouldn’t there be a way to let rig owners place their rigs up as an offer, while people who want to lease a rig placing their intent up as an ask, on a decentralized blockchain type transaction “open transactions” style and they could find one another and interact peer to peer with no third “trusted Party” in the middle? isn’t this where we are all going anyway?

This way people who enjoy building and maintaining mining rigs could build decentralized autonomous companies and do what they love. Others could buy the coins produced and do what they love. The networks would gain in diversified mining pools. Only losers I see here are the banks . . . boo hoo!

Just a thought,
~//~

+1 CloudScrypt
[/quote]

I really have to disagree with you on that… You have to pay with bitcoins anyway, so its cheaper and faster to just buy some coin outright…

And if your going to learn about mining, paying for someone else to do it for you is not a good start, maybe using an old computer or something would be more practical for learning…

Maybe it might be more worth while when scrypt Asic’s are more widely available.

I just noticed no one is selling any websites or domains or anything on the feathercoin marketplace.

There isn’t even a category for it! I picked “internet services”.

I am selling my website “litecoinlending.com” if anyone is interested https://feathercoinmarket.com/item.php?id=2529&mode=1

[quote name=“Thytos” post=“56141” timestamp=“1391122474”]
As I see it, if you leasing your hardware, that means you are looking for the short term profit, so it seems logical than anyone leasing will only do so at a price higher that what they can get mining themelves.

On the other hand, paying to rent makes sense if you are thinking long term and putting that hashing power into coins which you think will be more valuable in the future and you want to stock as many as you can now.

The price you see there is not determined by any unique person, it is the product of supply and demand factors and so far it seems that ~0.0190BTC/MHs/day is the balance point.
[/quote]

if you want to stockpile you can still buy them outright cheaper than renting these rigs, by renting your just making someone else a lot of money…

Renting one of those rigs would not even be profitable mining dogecoin. You would need to find a rig that is going for less than 0.0155 BTC per mh/s per day… most are selling for 0.0189 BTC or more!

I was wondering about this too, some blocks have generated 400 or more feathercoin in only the last half an hour in 1 transaction?

Seriously though, should we not plan ahead for these kinds of things?

There is going to be a massive Class-X solar storm heading straight towards earth within the next 24 hours, this has the potential to knock out large portions of the power grids around the world. Not good if you have a rig, so have a read of this article and prepare yourselves for the worst… http://www.inquisitr.com/1112687/solar-flare-twice-the-size-of-earth-producing-m-class-blasts-every-two-hours/

[quote name=“Calem” post=“55386” timestamp=“1390796193”]
[quote author=FTClover link=topic=7230.msg55384#msg55384 date=1390795648]
Regardless of what I’ve done you can’t say that this thread is not of any use to anyone in the feathercoin community.
[/quote]

As true as that may be, you are in no position to pitch any idea’s. Anything you touch is instantly discredited. It is becoming clearer and clearer that you do not care for ftc or it’s community. It seems to me that you and some others are trying to bring us all down.

If what I said above, is not true, then you will do everyone a favor, and sit quietly in the background and fix what you started. Please, I am giving you the benefit of the doubt.

I say again. Chill out, and helps us help you.
[/quote]

I don’t think this guy was pitching anything, looks like he found something interesting me thinks :)