Paute is one of the most developed and highest-quality sport climbing venues in Ecuador. There aren't a lot of cracks to climb, so development came later than nearby Cojitambo. The walls are shorter and the rock is different but every bit as good.
While Coji sports lots of slopers and thin holds, Paute has lots of positive crimps and jugs on steeper rock. The approach is easy, the weather is nice, and in general, Paute lends itself better to a casual day of cragging than Coji, which presents more involved routes and route finding. Paute does have a few multi-pitch routes, but the majority are single pitch.
You can get there by bus, but it's a haul. If you choose to do so, take a bus from the terminal in Cuenca to Paute. From Paute, head north and up to the mirador. Keep going until you see the rock to your left.
If you go by car, take the Panamericana north and follow signs to Paute. From town, follow the same directions as by foot.
Once you see the rock to your left, there's and obvious trail from the road to the base of the cliff.