Can Hashrate Rental Markets Be Used for Legitimate Purposes?

Yes, hashrate rental markets have several legitimate and beneficial uses within the cryptocurrency ecosystem. New PoW coins can use them to bootstrap their network security in the early stages, ensuring a more stable block production.

Existing miners can use the markets to diversify their mining income by selling excess capacity when their primary target coin is less profitable. Furthermore, researchers and developers can use rented hashrate for testing and auditing purposes on testnets or specific blockchain forks.