Splinterlands: My Experience with Splex.gg After a Month

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(Edited)

I learned about the auto-rental services for Splinterlands more than a month ago, but it took me a while to decide to give them a try.

There are basically two of them more widespread.

One is SplinterRentals, which is a discord-based bot that takes a 5% fee. I haven't tried this one, although it would be interesting to know a performance comparison between them, besides the fee and the level of convenience we prefer.

The other one is Splex.gg, it has a web interface and takes a 10% fee (it has loyalty tiers which can reduce the fee, for those earning impressive amounts of DEC/day). That's what I have been using and what I'll describe going forward.

First, which were the reasons why I was reluctant to use it at first:

  • I managed my rentals quite actively, sometimes more than once per day, and in this case, they didn't promise any significant improvement in performance (on their website)
  • it was inconvenient for me to find spare Hive Power to delegate to the account(s) used for auto-renting (I don't usually have 'free' HP, and to 'free' it up, it meant I needed to power up more HIVE or to undelegate from somewhere else and wait for it to return)

The second point was also the reason why this was a slow process. I've created multiple accounts to keep my rentals separated by different criteria (after this one-month experience I would probably shift them around a bit, but I'm waiting for RC delegation before I make any other changes).

The easiest way to manage rentals is to have them all in one account, which is also the management account you set up with them on discord.

The management account is the one from which you add or remove any additional accounts, and it's the default account to pay fees from (you can enter a different account when you pay fees).

Rental revenue/fees reports are daily on discord (as DMs) and they can be found in the Invoices section of the website too.

But you can pay whenever you want, at least once every 7 days. I usually pay every 3 days because otherwise, the amounts pile up and I might forget to reserve enough to pay the fees and that might require extra work (for example, swapping some tokens or removing liquidity from a diesel pool).

If you have multiple rental accounts, as I do, there is also the extra work of centralizing the rental revenue (DEC) from all the accounts, usually to the account from where you (I) send them to Hive-Engine to 'pool' them.

So, how is Splex auto-renting service performing for me?

I'd say... great. Although it's pretty hard to make exact comparisons of the type before and after.

That's because moving cards to their auto-management was a process. As I delegated more HP to the accounts and more cards became available from rental contracts, I sent them to the new rental accounts. I still don't have all my rental cards moved over, but that's close enough to have a good idea of the performance of the service.

Without having exact numbers, I believe the results are about 50% better using this service, for me, knowing that I was very actively managing my rentals manually.

Things may be more complicated now since PeakMonsters released the new upgrade because the rental income for manually managed rentals of premium PeakMonsters accounts has improved, most likely. But I don't have a large enough test group still manually rented to compare.

Something else you would need to be aware of when using an auto-renting service like splex.gg.

Say you want to stop renting some cards to combine them or send them to another account. I assume you would terminate their rental contracts from PeakMonsters as I do.

When you are using an auto-renting service, that's not enough. Because the bot will pick them up and rent them out again when they come back from the market.

You need to also disable them in Splex. Like this:

image.png

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22 comments
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I'm going to dive into this service this week I'm sure. Just seems like such a process to go through all the cards and figure out which ones I wanna rent out lol

!CTP

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I won't lie to you, it will take some time to move everything in place. It took a while for me, and I already had all my rentals in a separate account. It will be inconvenient if you have all cards in the same account, but once you set everything up, all you have to do is pay the fee from time to time and collect the rental revenue. Splinterlands landlords... For now, without land, lol.

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You use Peakmonsters to transfer all the cards to a new account at once?

Or each card one at a time?

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If I have them available, I transfer all available. But you really have to check your spelling. I wish PeakMonsters had a way for us to add preferred accounts to move/delegate cards to. Or to remember the ones we enter?

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Not sure , what Peakmonster will offer for free, If I have to pay $3 monthly to Peak, it is better for me to switch to automated bots because my 5% of earning will be less then $3

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(Edited)

Rental improvements (additional comparisons, conservative and aggressive renting) are premium for sure. I have an account that wasn't upgraded, and all those weren't accessible.

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A nice rundown on Splex. I have some cards that are just sitting in Splinterlands, and I have been thinking about renting them out.

Thanks for explaining the process, Adrian.
!CTP

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It's a set-and-forget system, except for paying the fees and collecting rental income (both done manually because they only have the posting key).

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Great review Adrian. I just started this week and was a very active manager so hard to say if the results are better yet, but it is nice to free up some time to work on other crypto projects.

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(Edited)

Thanks, Steve! Yes, the dynamic of the rentals is different from the time I did it manually, but I checked my 14-day revenue with Splex, and it was higher than what I remember I usually made in a season from rentals lately. Freeing up time is an important benefit. Well-worth a 10% fee, even if there is no difference in performance otherwise.

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Thanks for the information. You experience makes the info you share very valuable.

Posted Using LeoFinance Beta

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Thanks! I thought I'd share it before I forgot how it was at the beginning.

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This was a very informative post. I really enjoyed it and thabj yoy for sharing.

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I'm on the 5% bracket and have been using it for months now.

The bots are great and it is probably making me about 50% more than i would manually without any of the time going into it.

Once you set it up well from the start it just keeps bringing in Dec every single day.

Love splexx.

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I'm on the 5% bracket and have been using it for months now.

Do you mean the discord bot thing (the one with a 5% fee) and splex have behind the same bot? Or do early adopters of splex have a lower fee? Otherwise, I don't get this.

The bots are great and it is probably making me about 50% more than i would manually without any of the time going into it.

I agree, they are doing a great job and saving us time.

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I am thinking about using an automated rental service as I haven't really had the time to fix up my rentals. It would save me a lot of time but like you said, its going to take some effort to move all the accounts over and get that account set up.

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If you use the same accounts you currently have for rentals, the transition is not an issue. You just have to add accounts to splex and the bot will take over from there. I just preferred to have separate accounts, as the one I used to hold my rentals in was my main posting account.

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