What Factors Cause the Hourly Rental Price of Hashrate to Fluctuate?
The hourly rental price of hashrate is primarily determined by supply and demand dynamics on the rental platforms. Supply is affected by the profitability of mining the base coin (e.g.
Bitcoin) and the availability of idle hardware. Demand is driven by the profitability of the target coin being mined or attacked.
External factors like the price of electricity and the efficiency of the latest mining hardware also play a role in setting the base price.