Mintsy Rental

Hi all, I'm new to mining and don't have any of my own mining equipment. I'm looking at Mintsy.co and it looks like I can get there $69 for 3 months contract which gives me 10mh/s for the 3 months.

However I've no clue how to setup my miners or if they would even support prohashing? Has anyone used them before or able to offer me any advice?

Looking at Prohashing charts the payout for 1mh/s is estimated between $8-9 a day so I know I'm doing something wrong with my maths on payouts, say for arguments sake its $7 a day * 10mh/s * 90 days = $6,300 payout seems far to wrong ha.

But if anyone can offer any advise on setup/profit figuring etc I'm happy to invest the $69 and give it a try if I can actually set it up with prohashing!

Thanks
Ironfenix.

Just realised my mistake with the calculations.... its 8-9c not $ haha... silly me, so that would be say 7c * 10 * 90 = $63.00! Looks more sensible!

With rentals, it is difficult (or impossible) to know what hardware you're actually using. It's also likely that you'll be using several different makes and models that add up to the hashrate you're renting. For that reason, your best bet is going to be to go with just the server address, username, and password. Let the server figure out the details.

Cool thanks for the reply, have you used any other rental places that you could possibly recommenced that you know work with ProHashing?

Thanks!

Sorry, I can't be much help to you there. I've never used any rental hash power.

kires wrote:Sorry, I can't be much help to you there. I've never used any rental hash power.

Nevermind! Thank you for your replies anyway appreciate it.

I wish I could help, but I'm not an expert in this area.

I might suggest renting from a place where you can cancel your contract at any time. That way, you can buy a small amount of hashrate, test it to make sure the results are what you expected, and then buy more if you're satisfied.

Some hashrate providers put multiple rigs on one connection and don't give you a choice to change that. When they do that, a lot of the best features we provide can't be used to optimize all the miners. You'll be able to tell if they're doing this to you by whether the "worker status" panel reports an error by changing one of the workers to red.

I would not advise you to do business with Mintsy. I purchased a 100 MH/s 3 month scrypt contract from them and it was incredibly disappointing.

1. You can't add failover pools. If the only pool you get to set goes down and you are not there the too bad it's lost hashing.

2. The start up times are unacceptably high. Between difficulty switches and work restarts, It can take between 5 to 10 minutes to start back up. I had to set my rental rig to a static coin and difficulty just to manage it and made only a moderate difference. Not to mention that not being able to switch coins hurt my profits.

3. You are not allowed to know what kind of equipment you are renting. All you get is a hashing menu and no more information about what you have just rented. I asked support multiply times for equipment specifics and they kept dodging me and never answered.

4. You are not given a debug feed or other troubleshooting tools. I'm sure if I could just see a debug feed it would have been a better experience but they don't allow it.

Also, a huge red flag is that they discontinued credit card payments and only allow wire transfers or BTC. Wire transfers are very risky and since they do not want to take more safer forms of payments like credit card anymore it's more than enough reason to steer clear.

Steve Sokolowski wrote:I wish I could help, but I'm not an expert in this area.

I might suggest renting from a place where you can cancel your contract at any time. That way, you can buy a small amount of hashrate, test it to make sure the results are what you expected, and then buy more if you're satisfied.

Some hashrate providers put multiple rigs on one connection and don't give you a choice to change that. When they do that, a lot of the best features we provide can't be used to optimize all the miners. You'll be able to tell if they're doing this to you by whether the "worker status" panel reports an error by changing one of the workers to red.

Thanks for the reply Steve, sounds like a plan do you know of any places that rent small amount of hash or know who some of the other pools miners use?

loszhor wrote:I would not advise you to do business with Mintsy. I purchased a 100 MH/s 3 month scrypt contract from them and it was incredibly disappointing.

1. You can't add failover pools. If the only pool you get to set goes down and you are not there the too bad it's lost hashing.

2. The start up times are unacceptably high. Between difficulty switches and work restarts, It can take between 5 to 10 minutes to start back up. I had to set my rental rig to a static coin and difficulty just to manage it and made only a moderate difference. Not to mention that not being able to switch coins hurt my profits.

3. You are not allowed to know what kind of equipment you are renting. All you get is a hashing menu and no more information about what you have just rented. I asked support multiply times for equipment specifics and they kept dodging me and never answered.

4. You are not given a debug feed or other troubleshooting tools. I'm sure if I could just see a debug feed it would have been a better experience but they don't allow it.

Also, a huge red flag is that they discontinued credit card payments and only allow wire transfers or BTC. Wire transfers are very risky and since they do not want to take more safer forms of payments like credit card anymore it's more than enough reason to steer clear.

Thanks Loszhor really interesting stuff, did you move else where or get your own hardware? If you moved somewhere else did you find a rental place that works well with prohasing?

Thanks again guys.

QuoteThanks Loszhor really interesting stuff, did you move else where or get your own hardware? If you moved somewhere else did you find a rental place that works well with prohasing?

I ended up buying my own equipment. At the moment, there is no place to rent for such a long term but for short term I use Miningrigrental.