So Bitcoin University made a video about this yesterday and i want to see what you guys think of it
I didn't understand all of it, but the gist i believe, is you rent mining power, use your own node to build blocks and mine without hardware.
Unlike a bitaxe etc , he's saying, depending on how much you pay, you can have access to multiple petahashes daily and over time, depending on the pools luck, should have a good shot at block rewards and get paid in sats via Braiins pool, for example.
Apparently, the concept of hash renting has been around for years, but was scammy and now apparently it's not.
What do you guys make of this? i'd like to have a go if i felt i could at least break even
I refuse to watch Kratter slop, but I have bought hashrate a few times with Rigly. And I did get paid over lightning using Braiins. Braiins cut wasn't that small, so in the end I was making a 2-3 percent profit.
As we speak, I have a few sats in play on the biweekly block parties from Rigly. Increased chances of mining a block by joining hashrate (both bought hashate as well as people linking their own hardware).
So, yes, I'd say hash renting (buying?) is legit.
I don't get it. Why would they rent the hashrate to you and let you profit, instead of cutting of the middleman (you) and take the profit themselves?
You buy the hash rate from big mining farms. In essence, you are providing them with a loan (in Bitcoin), they pay you back in hashrate. For them, it may be useful at times to get paid upfront, even if it costs them a percentage. It helps stabilize their income in a notoriously volatile environment.
i've always enjoyed his content in general, the past months it's all been the anti-spam stuff and now bip 110 stuff.
now im not versed enough to really have a hard view on it, but i can say i enjoyed his content before much more, but it is what it is.
out of curiosity, what is your main criticism of his content? did you always dislike or has his recent stance affected your view?
I first watched one general-purpose video; it was just long-winded and bland to me (also, lacking deep technical understanding), but to each their own.
I then watched a video where he went after Gloria Zhao; that one was deeply disturbing. His sick obsession with her and the character assassination he viciously performed tell me everything I needed to know about him. For someone who claims to want to protect kids, he does not hold the same standards for other human beings.
My guess is that he does not believe half the shit he spews.
He used to sell trading courses. Someone who sells trading courses does not care about their customers, because they know that they will get fucked day trading. But it makes him money.
He probably started his BU channel with similar yet less harmful intentions (teaching bitcoin is better than teaching day trading), but then realized he amassed more clicks by making controversial videos. Queue the CASM/CP, anti-woke, anti-core, puritan, pro-BIP110 slop.
You made a profit mining with Rigly? When did they find a block?
There is a difference between the block party, where indeed, you only make money if they find a block during those 18 hours, and the market place where you buy a certain amount of hash rate, and the profit you make is set at the time of buying. There haven't been any lots to buy in a while, though.
And for your second question, the parties haven't found a block just yet.
I'm curious about this too. The impression I had is that you would expect to lose a little bit, although you can get lucky of course.
any good guids how how to get started? also, if you dont mind, on average, how many sats are you putting in and getting out?
Depends on the lot for sale, but a few million sats at most. And I make a few percent on what I put in. Pool fees can easily kill the margins though, so it was more out of love in some cases. I didn't lose money. To start, best is to ask your questions in the telegram group. I'm just a regular user.
thanks for the insight, i might have a go, need to learn more first
(The other pool that pays you over lightning is Ocean, but I don't trust them anymore)
Why?
I liked their mission of decentralized mining, but some of the people in charge have shown themselves, imo, to be bad actors.
It's subjective. You're probably safe in using them. I'd probably avoid them when the bip110 mess comes up in September (?).
Most of them pretend mining
Those were the cloud mining scams of 2017. They would take your money and tell you: trust me bro, we are mining. Often times it was just a ponzi.
But renting hashrate that points to your own node is different. By receiving shares you have the ultimate proof that they are indeed mining.
Exactly what I mean
Just be clear that Kratter is pushing this method for a singular purpose: signalling for BIP-110. He is advocating that you rent hashrate and send it to Ocean, at a loss, so as to get to the magic 55% threshold to trigger the miner activated soft fork for BIP-110.
He's delusional.
He glosses over the fact that in order to actually signal for BIP-110 you must use your own node and DATUM gateway configured for BIP-110 because Ocean's default block templates do not signal for BIP-110.
Renting hashrate is not something new. Nicehash has been around since 2014. Kratter is just latching on to it as a way to further his one and only agenda: Saving Bitcoin from the spammers.
is there a way to rent hashrate at least at a modest profit or break-even?
If there were, everyone would be doing it...
There may be some way to dial it in based on hashprice fluctuations, but it will take a lot of work to try. I'm sure there will be periods of time where you can probably come close to break even if a pool has some luck but there is a reason people are selling their hashrate and not using it to mine themselves.
I don't know much about renting hash power, but it sure sounds like what used to be called cloud mining.
Cloud mining was pretty much always a scam. There was something called HashOcean. Sounds like people are still scamming this way in 2025.
I have no idea if all cloud mining/renting hash power is a scam, but I would certainly do a lot of due diligence: what guarantees do you have that you will get what you pay them for? Are you able to actually verify their numbers? What stops them from claiming they are running hash rate on your behalf, and then selling the exact same hash rate to someone else at the same time?
When you point the rented hashrate at the pool of your choice you can see your submitted shares. You can also view the hashrate directly in the Braiins dashboard. This is all discussed in the recent Kratter videos like the one that is the subject of this post. Again, he is advocating for you to mine at a loss for the purpose to signal for BIP-110. He handwaves about possibly breaking even but this is crusading, not a profit seeking recommendation by him.
i havnt been watching a lot of the bip 110 vids, so this is interesting to hear. is what he's recomedning basically amounting to working at a loss to signal bip-110?
signal
It is exactly what he is saying.
I don't watch the video, but these are some general point to look at:
I see this as a way to shill some business, in this case the rent hash companies, the only valid point to use it could be to loose 10% or 15% of the capital you put in order to redirect the hashrate to your side, it's better than setup a large scale mining operation.
This has historically been a great way to get scammed. Don't touch it. Just work at your normal job and buy Bitcoin.
The legitimacy shift boils down to one thing: who builds the block template. Old cloud mining (NiceHash era) meant you handed money over and trusted a pool to actually hash. Stratum V2 changed the game -- the renter constructs their own block template and the DATUM gateway lets you verify share submissions against it. You are not trusting anyone to mine honestly because you are selecting the transactions yourself.
The real risk now is not fraud, it is variance. At current difficulty, renting 1 PH/s for 24 hours gives you roughly a 0.01% chance of finding a block solo.
That's sounds a bit muddled. "The" DATUM gateway? Lots of people rent hashrate and point it at any pool they like and almost none of them are constructing their own block templates. The only ones that are creating their own templates are those that run their own nodes and their own personal DATUM gateway and mine on Ocean. This accounts for less that 5% of the blocks found by Ocean. This is why Ocean finds lots of blocks but only Barefoot mining is signalling BIP-110. Ocean itself is not.
Think about it from the perspective of someone who rents hash power out:
They're getting consistent margin on a one time investment. You get all the risk but also the one off chance of lucky upside.
I curious too