How to Price Your Servers for Rental
Last updated
Last updated
The minimum profitability that your GPUs can bring is the mining income, calculated using a mining calculator, such as hashrate.no. This serves as a baseline for setting a rental price. Let’s consider an example for a mining rig with 8 x 3070 GPUs.
Go to the hashrate.no website and find the profitability for a single 3070 card, for example, $0.37. For a rig with 8 cards, the profitability would be:
This is the current profitability for an 8 x 3070 rig, which can be used as a starting point when setting the rental price.
As mentioned earlier, you can directly specify a price in dollars in the server settings by enabling the corresponding feature. The price in BTC and CLORE will then be automatically recalculated and updated based on the exchange rate. If you prefer to set fixed values for BTC and CLORE, manually convert the calculated dollar amount.
Log in to your dashboard on clore.ai, and insert the calculated values into the On-demand pricing field. Set the Spot price slightly lower, then enable the rental.
Note: You can set the price above or below the baseline, depending on demand. Mining profitability in this case serves as a guideline.
If you not only have a mining rig but also a powerful GPU server capable of handling AI tasks, you can set the Spot price based on mining profitability, while the Rent price can be based on the anticipated cost of services.
CLORE Coin Bonus:
In addition to rental payments (e.g., $2.96), renters receive a bonus in CLORE coins. You can find the exact amount using the calculator on the website.
Remember to account for the commission: for Spot rentals, it’s 2.5%, and for other cases, it’s 10%. Thus, for a day’s rental, the result would be:
In the Your rental price field, specify the rental price after deducting the commission. If the rental price is below the server’s current MFP, enter it in the Rental price limited to max. fair price field. If the rental price exceeds the MFP, enter the MFP value.
If you have CLORE coins in POH, enter their amount in the Your $CLORE Holding field. The server rental reward will increase depending on the amount of coins in POH.
The Max. fair price (MFP) will be assigned to the server approximately 10 minutes after it is added.
MFP helps prevent self-renting at an inflated price to increase the CLORE coin bonus. This indicator acts as a limit and directly affects the amount of coins received. You can experiment with various values in the calculator to better understand the impact of MFP on profitability.
On this page, you can also add coins to POH (more details in the Wallet section), view the coin balance in POH, and learn about additional POH benefits, including increased rental bonuses.
