So I've had several PM questions regarding how to rent mining rigs to mine BLRY, and after doing some research (and testing) myself, I've found that the best option is renting on
Nicehash.com.There's a great little tutorial
HERE on how to get started, and I can say that comparing it with other services, it seems to be the most profitable option for would-be miners.
The gist is that you bid on hashing power (standard) to get the best price at the time, or you can just get guaranteed hashrate (fixed) if you don't want to mess around with bidding. The bidding system is remarkably simple, you just place your order (standard) and within about a minute you'll see it pop up on the list. Ignoring the blue-shaded cells at the top which are fixed rates (marked with a blue "F" for fixed symbol, instead of "S" for standard), you'll see how many people have active miners mining for them.
Now once you start to scroll down the list, at some point you'll notice that all miners are ZERO. That means that the demand below that price point has outstripped supply. So you'll have to bid higher than the next lowest order that has active miners to get miners actively mining for you. You can change the amount of hashing power (listed in GH) at any time, and you can even change the price (although it takes 10 minutes to lower the price each time once you've started the order) at any time. What you CAN'T seem to do however, is change the pool, so make sure your miner is set up correctly to the right pool before you start. I recommend using the HIGH DIFF ports on our pools for the best results.
Now you can cancel your order at anytime, but NiceHash takes a 3% cut of your order, and they seem to deduct that the MOMENT YOU PLACE THE ORDER. So if you place an order and then immediately cancel and pull out, you'll still lose the %3 fee. Even with the 3% fee, the service is MUCH CHEAPER than other mining rental sites, usually around 15-20% cheaper, so it's still a good deal, just try and only commit to whatever BTC amount you want to mine with, you can always start another one later. Because making orders and canceling them over and over might start to take it's toll on your profits. I hope that makes sense. You can always add funds to a current order to keep it hashing if you want, or just cancel and take the remaining BTC unspent and it will go back into your NiceHash wallet.
I hope this will help some of you who are interested in getting in on the mining, especially because the hashrate is (relatively) low these past few hours. If you have any further questions regarding renting mining rigs, please don't hesitate to ask, I'm not an expert but I'll do my best
