10 sats \ 4 replies \ @expatriotic OP 18 Mar \ parent \ on: So you want to mine but can't because xyz? bitcoin
As far as I know, hosting sites charge an installation fee 1x, and then make money on electricity cost arbitrage. If they get 5c, they give you 7c per kilowatt-hour
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0 sats \ 3 replies \ @WeAreAllSatoshi 18 Mar
Yea I guess I meant more of how the mining rewards are split. Electricity cost arbitrage explains a source of profit for sure.
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0 sats \ 2 replies \ @expatriotic OP 18 Mar
As far as I know, you get 100% of your hashrate towards the mining pool of your choice. I'll be using Lincoin because they utilize pay to paynyms
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0 sats \ 1 reply \ @WeAreAllSatoshi 18 Mar
This is what I was referring to:
After power is paid at 5.95 cents per kWh we split the profit 50/50. 1
Footnotes
  1. https://wilsonmining.io/pages/hosting1 ↩
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0 sats \ 0 replies \ @expatriotic OP 18 Mar
No so they have two payment models. I think the profit sharing is a bear market strategy. But in normal times I think you just pay a flat electricity rate
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