DEVTOME.COM HOSTING COSTS HAVE BEGUN TO EXCEED 115$ MONTHLY. THE ADMINISTRATION IS NO LONGER ABLE TO HANDLE THE COST WITHOUT ASSISTANCE DUE TO THE RISING COST. THIS HAS BEEN OCCURRING FOR ALMOST A YEAR, BUT WE HAVE BEEN HANDLING IT FROM OUR OWN POCKETS. HOWEVER, WITH LITERALLY NO DONATIONS FOR THE PAST 2+ YEARS IT HAS DEPLETED THE BUDGET IN SHORT ORDER WITH THE INCREASE IN ACTIVITY ON THE SITE IN THE PAST 6 MONTHS. OUR CPU USAGE HAS BECOME TOO HIGH TO REMAIN ON A REASONABLE COSTING PLAN THAT WE COULD MAINTAIN. IF YOU WOULD LIKE TO SUPPORT THE DEVTOME PROJECT AND KEEP THE SITE UP/ALIVE PLEASE DONATE (EVEN IF ITS A SATOSHI) TO OUR DEVCOIN 1M4PCuMXvpWX6LHPkBEf3LJ2z1boZv4EQa OR OUR BTC WALLET 16eqEcqfw4zHUh2znvMcmRzGVwCn7CJLxR TO ALLOW US TO AFFORD THE HOSTING.

THE DEVCOIN AND DEVTOME PROJECTS ARE BOTH VERY IMPORTANT TO THE COMMUNITY. PLEASE CONTRIBUTE TO ITS FURTHER SUCCESS FOR ANOTHER 5 OR MORE YEARS!

Betarigs Review

Betarigs is a new website that is designed to help those that want to rent or buy some hashing power for mining their favorite coins. It is an easy to use website for both buyers and sellers, and makes the rental contracts easy to follow. While there are multiple companies that offer up their own contracts, there is usually not enough transparency. With Betarigs, this is fixed by matching individuals up to one another and using the site as a central area for handling absolutely everything from payments to pool choices.

Starting as a Seller

Getting started as a seller is easy! All you have to do is create an account and click on “Lease your rig.” From here, you follow some simple instructions such as giving it a name, telling the system how much hash power the rig has, your cost per day and how long you are willing to rent it out for. Once this is done, your rig is added to the buying list and people can start purchasing hash power on it immediately!

In order to get listed as active, you will be given a pool address specific to your account. This is added to the mining software you currently use and will be “down” until someone buys hashing power. This means that your software will automatically jump to your regular pool, and then when someone buys power it will jump over to their pool of choice. In other words, you are not sitting around losing income while using the system; instead, you are always mining, whether it be for your own profit or to pay off that contract!

When someone buys hashing power, you are sent an email that notifies how much was paid, how long it is rented for, etc. This keeps you up to date without even having to use the site.

The only real downside for the rig owners at this point is that payments are not handled automatically. As such, it can be up to 24 hours to get paid, and that also means that there is a bit of trust involved with the system (being that some people have some pretty powerful rigs and can lose out on massive amounts of income if they do not end up getting their payments). Hopefully this will be resolved in the future!

Starting as a Buyer

Starting as a buyer is pretty simple too! Sign up an account and then choose a rig to rent. From here, choose the time frame you want to rent for and you will be given an address to submit the payment to and a place to enter the pool information for where you want it to mine at. Once this is done and the payment has received a single confirmation, the miner will be switched over to your pool of choice.

An awesome part about this system is that you can alter the pool information at any point. If you are renting a powerful system, for example, and you want to skip between different coins based on profitability at the time, you can do this simply by going to your dashboard and changing the pool information. This means that you have full control over where you are mining at and what account it is going to.

Conclusion

Betarigs is an awesome service that acts as a proxy between those with hash power and those that are interested in renting it. The site makes the rental of rigs extremely easy and painless, allowing you to have more time worrying about keeping your systems up and running than you do trying to figure out how to monetize them the best. From the renter's perspective, it also opens new doors, allowing people to jump on new coins that have just been released by renting great hash power for short periods of time to try and hit the new coins while they are still at their lowest difficulties. This, in turn, can lead to much greater profit that would otherwise be missed. Overall, the Betarigs system is a huge benefit to the crypto scene and I am looking forward to seeing what they have in store next!

Mining


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