I use coconut coir. It is a renewable resource, and my hermit crabs seem to love it. They can bury themselves into it, and they also like to eat it, from what I have read.
I also have 3 hermies, and I bought a ten gallon fishtank at a local thrift shop for $3.
I put about 3 inches of coconut coir in the bottom. That seems to be enough.
Here is a great website to help new hemit crab parents:
www.hermit-crabs.comI got a lot fo info about their care from this site.