When one tweaks the profit option for Time and Percentages does Time stand for the minimum amount of time AM will allow the rig to stay on its last job (whatever pool/algo it was on) What happens after the time lapses? it will redirect ONLY if there is something offering a profit greater than the %percentage that is set?
Yes, you got it mostly. The time is just the amount of time that will pass before AM re-calculates "best coin or algo" profit values from the statistics it gets from either Whattomine (if you are mining individual pools or pool groups)... or it rechecks the enabled Online Services that you have enabled on profit miners. If you are mining individual pools or pool groups, there is also another time setting to pay attention to on the Statistics tab in the Options. That time setting is how often AM will check Whattomine or Coinwarz for updated statistics.
I dont fully follow when some of the posts talk about setting the values so that your rig doesnt jump around too often but yet doesnt miss out on the peaks?
If I understood how it worked a little more I could possibly run some tests with that idea in mind to see whats best.
The more I read the more I retain (although its in small bits)
Thanks for your help so far gents
I'll just requote what I wrote a few weeks (and a few pages) back:
Let's say you switch to mine a coin that has a 2 minute block time on say Zpool. You mine your share, and you get a percentage of the reward for that block. But now, you have to wait for say 10 confirmations to mature before it's sent to the exchange. That's now 20 minutes you are waiting for the coin to mature before it gets sent to the exchange. Now, let's say it's a mildly popular coin, and it's gets sent to the exchange... minimum 2 minutes of that coin's block time if Zpool has enough of that coin built up to make it worth their while to send to the exchange. We are up to 22 minutes. That transaction is going to take another 10 confirmations before the exchange makes it available to trade. We are now up to 42 minutes.
What are the chances that your coin is worth the same amount when you started mining it until it reaches the point where it can be traded on the exchange 42 minutes later? Not very likely. There are thousands and thousands of miners that use auto-switching algorithms and were mining the same coin you thought was hot in that moment. That shoots up the difficulty, and the massive dump on the exchange(s) sends the value of the coin down.
A 24 hour profitability evens out those nuances, and I would even argue that a longer period is necessary. You want to be mining a coin that is consistently in the top spot... not in the moment.
But, this is my opinion... there are other perspectives.