minerstat mining tutorial #36: Mining Rig Rentals

minerstat
minerstat
Oct 25 · 3 min read

A lot of our customers are renting their rigs or ASICs on a popular renting platform Mining Rig Rentals. We have now step together and found a way to improve your experience when using both of our services. In this blog post, we will show you how to set up your account to see the real earnings from your Mining Rig Rentals platform. Furthermore, you will be able to see the estimated rewards on the failover pools as well.

About Mining Rig Rentals

Mining Rig Rentals is a platform for buying and selling the hashing power of your worker. They support over 100 algorithms and give an option to get paid in BTC, ETH, LTC, BCH, or DASH.

A seller of the hashing power decides for how much they want to sell the usage of their rig or ASIC, for which algorithms, and in which cryptocurrencies. The fee for rig renting is 2% on the buyer’s side and 3% on the seller’s side. Sellers are not affected by the buyer’s fee.

If there are no buyers, the seller can set up a failover pool to mine to it while waiting for someone to buy the hashing power of their mining machine.

1. Configuring worker on minerstat

Mining on Mining Rig Rentals via minerstat was possible from the beginning. However, the lack of correct hashrate and estimated earnings information was something we really wanted to improve.

To set it up, you can use the same approach as you do when setting up any other pool.

On Mining Rig Rentals you need to identify with your username and rig ID, so keep this in mind when setting up your configuration. There are instructions available on your rig’s profile where you will be able to see both your username and rig ID.

When your rig connects to Mining Rig Rentals, you won’t be able to see the estimated earnings and correct data just yet. You will need to activate it by following the steps explained in the next chapter.

2. Showing estimated earnings

To show the estimated earnings of Mining Rig Rentals on minerstat, you need to navigate to your user account settings. There are different settings you can choose and one of them is “Minerstat Opt-in”.

Opting-in for this setting will put you on a special list to which only we at minerstat have access. On this list, there is basic information about your rig, which is needed for mining monitoring on the minerstat dashboard and your backup pools.

Select Yes and click on Update settings.

Within a few minutes, the display of your worker’s mining status will change. You will now be able to see:

  • If your rig is not rented on MRR: Your backup pool and the coin you are mining there if your rig is not rented on MRR.
  • If your rig is rented on MRR: MRR icon and algorithm, correct hashrate, correct estimated earnings based on the price you are renting your rig for (calculated to BTC).

Happy mining!

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