Post
Topic
Board Mining (Altcoins)
Re: Fourth alt coin thread last three got oversized.
by
citronick
on 17/06/2017, 17:30:07 UTC

You do not want to auto switch .  This is not the time for me to explain why  as I need a lot of time to show the down sides of it.

Are you referring to Nemos re:auto switch?
Please elaborate on downsides when you find time/inspiration.
I thing auto-switching scenario on zpool works in general, the issues with graph sometimes not showing balances are not really issues at all because pool does record your hashes under "Balance" heading.
But the big question remains: is it more profitable than mining single coin?
And regarding profitability: MPH charges 0.9% fee vs 3%(?) on nicehash.

have you heard that a stopped clock has perfect time twice a day?

My watch is stopped at 11  so at 11 am and 11 pm it is perfect.

auto switching is always chasing the hot coin = fact

lets say you set switching at 3 minutes min  so eth is what you are on the program constantly checks to see if any coin is better and after 3 minutes time it switches to zec

this means  you were not on zec for 3 minutes of hotness so  10,000 other pc's since since they have the same program you do.  and in 3 minutes that switch cause zec to be less hot then eth.  thus you are always chasing the  hot coin.

this is very simplified since the more people with auto switching the more true it is .  if only 100 people in the world do it then it is less true.

but I carry it forward to the idea that lots of people do it.

next do you switch every 1 min 2 min 3 min 4 min 5 min 6 min 7 min  8 min 9 min 10 min  etc

every switch you make costs $$  how much time to ramp  up  to full speed on a switch.  

so a 10 minute switch cost less in ramp up costs but it is likely to cost in chasing the hot coin costs.

a 1 minute switch cost more in ramp up time but it is cost less in chasing  the hot coin.

So basically I check 4 times a day and manually switch.

I do 90-10  or 80-10-10

so I know what I earned in zec-eth -skein


For quick monitoring and keeping track of hot coins, exp ETH, ZEC and XMR.... in tandem with double checking at whattomine.com, I maintain a Windows machine with NH Windows Miner (v2 Alpha now out) near my work desk.

Basically it mines the most profitable algo and checks profitability table in NH marketplace periodally and in turn you get paid in BTC. This way I can roughly see if renting or mining direct is most profitable.

I dont do skein as I dont mine at zpool anymore.

I focus only in ETH (mining direct or sell to Nicehash) and ZEC (sell to Nicehash).... there are times when selling out your hash at ETH Nicehash marketplace is more profitable than mining direct.