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How Do Hashrate Rental Markets Determine the Price for Hashing Power?

The price of hashing power on rental markets is determined by supply and demand, functioning like a real-time auction or order book. Miners (the suppliers) specify the minimum price at which they are willing to rent out their hashrate.

Buyers (the demand) place bids for the amount of hashrate they need and the price they are willing to pay. The marketplace matches these buy and sell orders.

Prices are dynamic and fluctuate based on the current profitability of mining, the market price of cryptocurrencies, and the overall demand for hashrate for specific algorithms.

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