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How to maximize your miners income with rental

Category: Guides Published: Monday, 09 December 2019 Written by Altcoin

The last year I've had great success renting out and renting rigs at Mining Rig Rentals. This simple guide describes how I set up my rig to get top paying renters, all while specmining coins for the next waves in between.

 

Start by registering a new account at www.miningrigrentals.com/register

When you are logged in, hover your username in the top menu and you will see this menu fold down:

 Go to Favorite Pools, and click the green Add a pool button, which brings up this popup:

Using TTN coin as an example here on how to fill in the details from your pool and wallet address.

I recommend at least two pools in each algorithm you set up.

Next when you have the pools set up, click the blue Profiles button, then the green Create new profile button there. Name the profile with algo/coin name, and select the algorithm you made pools for.

In the next screen add your pools with Add an Existing Favorite Pool.

With the pools and pool profile ready, next step is to hook up your rig.

Go to My rigs in the menu, and click the green Create new rig button. This brings up this popup:

Give your miner an appropriate name, as it will be shown in the list of available rigs. Set your average hashrate, choose algorithm and a server close to you, then click the green Create New Rig button.

Next click your rig name to edit, and you will be met with this screen:

First go to Pool Configuration on top, choose your newly made profile and hit Apply profile button
Go back to Rig settings, set an appropriate Diff here, and proceed to Pricing, where I typically set a minimum price of approximate 4x of the average last 20:

Save, then proceed to the Connection information tab. There you will find the stratum, port and username to put into your miner. Click the Get my rig port button to get a direct port, or connect with standard port 3333 and watch your miner give a warning with correct port. Change the port and restart the miner.

 

Your rig should now come alive in the Mining Rig Rentals dashboard, and it should start hashing on your set pools.

Let it run up a little and stabilize, and when you are satisfied you can go into Rig settings again and set the rig Available.

Thats it, congrats you are up running. Now it is just to watch your set pools grow coins while waiting for your first rental!

Keep an eye on the algo market. Typically the highest paid renters use the Quick Rent button, and if it is a lot of available rigs and/or low demand you might need to adjust down the price to get any renters. If demand is high and you really want to mine on your set pools, adjust price up to where you accept renting out the miner. Very often you'll find you can rent back several times your own hashrate!

ONE LAST SUGGESTION

If for some reason you find yourself without a coin you want to mine, you can set Nicehash stratums as your end pool, at least for your ASIC miners. Register at www.nicehash.com 

and Click ADD NEW RIG, you can't avoid seing it smile