Bitcoin Mining on Amazon EC2 – don’t do it

[aioprisan]

http://andrei.oprisan.com/bitcoin-mining-on-amazon-ec2-dont-do-it/

[t0]

Do you think people would pay to rent mining equipment?

I'm not sure how the pricing model would work, but it would allow more people to contribute that can't afford to spend thousands upfront. Maybe some sort of pooling of funds, buy equipment, split profits.

[maaku → t0]

You can buy bonds representing a perpetual 1Mh/s, which amounts to the same thing.

[aioprisan → maaku]

where can you do this? it would be nice to see marketplaces develop where people can rent out spare cycles on their GPU