Is there anyone out there who can help me set up my ASIC miner at their place? They’ve got more reliable electricity than I do, and in return, they’d get a cut of my weekly earnings. So, does this actually make sense? Is anyone else doing something like this? I remember those rig rental services where they manage miners and take a slice of the profits daily or weekly. Is it a good idea or are there risks I’m missing?
Mining collaboration in a different setup
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quantumbearHero Member
Posts: 411 · Reputation: 2212
#2Feb 23, 2025, 11:49 PM
Do you trust the person? Do you know him in real life? If you know him and trust him, do you want him to help you run ASICs in his home and not xcollect any money? That ie wrong, you need to give him m share of the money because he is helping you to do the mining.
There is no danger there if the person is trustworthy. But if you do not know the person or you do not trust him, just do not do it.
An ASIC miner is very noisy and very difficult to use in a house or apartment, unlike a mining rig. Who is responsible for maintaining the equipment? If you have constant access, you might consider partnering with a partner. However, be aware that mining profits are currently very low, and you might not be satisfied with the ROI with a partner.
The noise part is understandable, he is not new to helping people to run Asic miners in his home, he is already helping someone else and that person is the one that introduced me to him.
He will be the one to manage the miners, and about the returns it is acceptable by me because it depends on what the miner mined in a week, percentage based not dollar based but thanks for the contribution.
ape_cipherFull Member
Posts: 81 · Reputation: 348
#5Feb 25, 2025, 03:18 AM
Before you go into such with someone you need to first trust the person very well and if you trust the person very well then is fine and yes he will surely want some share from what is coming out because he is doing something also or are you expecting a free service you no is not possible except the person is your friend or family member that just want to help you for free.
If you are not comfortable with the percentage of share he wants to get every week you can negotiate with him in other to conclude in a percentage you will be okay with.
So in conclusion if you really trust the person but you are not comfortable with the share the person would be taking then negotiate with him.
At the end the decision is all yours to make.
That's intriguing. So he's basically hosting people ASIC rig? If it's percentage-based based how does he supply the cost for energy? Sounds too good for the users at first glance. Does he ask for a basic electricity fee from you, or have access to very cheap electricity?
even if he know and trust the person there is no guarantee what he will not steal the Asic miners and play the victim or time by time to change the address and put his own
there is no trust today even if you know the person
Op better take the risk to pay ur own electricity but u know that u own them and care about them by ur own be your own boss don't depend on people
Okay, but what equipment or power consumption are we talking about?
You can hire an electrician to install a separate line and outlets for the necessary equipment, buy noise boxes, and earn 100% of the profit. Another option is that I would pay once for the installation and configuration service of one ASIC, and then work independently.
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