Topic: [GUIDE] Renting out your mining rig to Paycoin (XPY) Miners - page 2. (Read 3669 times)

As stated in the OP, i include nicehash as my 1st failover from betarigs because you can specify your required price on betarigs - hence, you could obtain a higher price.

Why not just point miners to nicehash? It is a lot faster than beta and MRR for people who have never rented before. Its just like another pool.

Instructions here: https://www.nicehash.com/?p=gstarted#seller

There is currently a massive buzz about the new altcoin, Paycoin (XPY).
Some people have been asking me to advise how to rent their new Spondoolies-Tech SP20 miner's hashes out, so that they can benefit from the current high rental prices which are being paid.

This simple guide will help anyone who owns an SP20 mining rig configure their miner to get the most out of this short-term phenomenon, by renting out your SP20 miners to those who are interested in mining Paycoin.

Note: I am not advising that you mine paycoin directly, rather, rent your miners out to those who wish to mine it and earn more BTC than you would normally by mining BTC directly. I am in no way endorsing XPY as a viable asset to hold.

I have set up this guide using my Spondoolies-Tech SP20 1.7TH/s miner. Currently on sale for $695 $659+shipping. I currently only use Spondoolies miners and also have SP10's and an SP31 out for rent using this same methods as stated below.

To get the best rental price possible, start by setting up your pools.
As you can see from this screenie, I have set up the pools in www.myminer.io GUI for the SP20.



I advise that you set your first pool to hash via the betarigs.com proxy. So initially, if you do not already have one, you will need an account at www.betarigs.com and set your prices for each of your miners. This next screenie shows how the setup page looks, including the stratum that you should input as your first pool in your SP20 GUI miner pools list. Set a high price that you would be content to receive for the rental of your miner...



When your miner gets rented out on betarigs, stats show like this:



When your miner gets rented out on the betarigs service, it will activate upon payment and failover to the second pool when the rental ends. This second pool should also be a rental site, i'm using Nicehash.

Use www.Nicehash.com(EU) / www.Westhash.com(USA) as your first failover pool. Setup of this pool is simple; Nicehash have a simple guide here:
https://www.nicehash.com/index.jsp?p=gstarted#seller

Nicehash/Westhash rentals work on a bidding system. Where the highest bidder claims their required share of the hashes.
Prices on Nicehash/Westhash will fluctuate and you have no control over the price, hence why you should use this as your first failover.

Your third /fourth / fifth pools should be your normal BTC mining pool/pools.

I hope this short guide will prove useful, I think everyone should have a chance to benefit from this short-term phenomenon.

I will reiterate, I am not endorsing the mining of Paycoin, nor am I advising that you purchase any Paycoin and I am not affiliated with GAW in any way.
thanks for reading my simple setup guide to renting out your hashes for the most profit possible! As ever I have made this thread open so feel free to discuss it without censorship.


if you found this short guide useful, please tip me at www.thescribe.eu
thanks.