When trying to do profit mining It is always mining lbry and I dont know why as thats not the most profitable. I set it up for zpool and also did bench marking. Could you help me with this?
Which profit mining services do you have enabled? (Nicehash, zpool, Miningpoolhub, Miningrigrentals, or custom pool groups?)
There are two methods that AM uses to determine profitability... on the Coins tab, this is the whattomine.com list of profitability based on your benchmarked hashing rates. Those rates need to be set in a profit profile, and applied to your profit switching miner. If you aren't mining pools directly, then using the Coins tab to determine "what is most profitable" will not always be correct.
The second method is if you have Nicehash, zpool, miningpoolhub and miningrigrentals enabled in profit switching, then AM will also use those services (profit can be found on the Online Services tab) in addition to the Coins tab to determine which is the most profitable.
If Zpool says mining lbry is more profitable on it's service (Online Services tab) than what you see on whattomine.com (Coins tab) then AM will use Zpool's profit information and point your rigs to it.
That makes sense thank you so much. So basically If I wanted to use the coins tab I would need to have separate pools for all the different coins and separate wallets? What is typically the best to do for most profit? Im using zpool now but is there possibly a better pool or method?
Yes, if you want to use the coins tab, you would put your individual pools in a Pool Group, and then select the Pool Group on the Profit Switching tab after checking the Custom Pools option. As for separate wallets, it really depends on the pool. Some pools require you to mine to an external wallet, and many times you can just use an exchange wallet. Then some pools, like say Suprnova.cc, collect the coins for you until you are ready to cash out to an external wallet or exchange.
What is best to do for most profit? That really depends on your priorities. If you want to exchange for BTC right away, then using Nicehash, zpool, or MPH with the auto convert turned on will just go ahead and convert your mined alt coins to BTC or another coin of your choosing. It's my personal belief that you will not get the "most profit" doing it this way unless you have a ton of hashrate, and even then, I've written reasons why you may still miss out on the "most profit" earlier in this thread. You don't have to convert just to BTC, you can do other coins.
In MPH, you have to tell it what to convert to on the website, and zpool you have to use the -p coin=XXX custom command line option. You'd have to apply this at the Managed Software options, but it could do funny things if you switch between different Online Services... so it's probably best to stick with conversion to BTC at zpool, but it's doable with Awesome Miner.
If you are not interested in converting directly to BTC right away, you can use MPH and leave the auto convert turned off on their website. This way you will accumulate a lot of interesting coins that are the "most profitable" from time to time. If you keep feeding those coins to an exchange like Bittrex, they have an instant sell feature in their Labs section where you can probably sell for slightly more profit than letting MPH do it for you. The reason being is that MPH waits until you and the pool has enough coins to send to an exchange, where you have no control over the timing, and the exchange may not be as favorable as you automating it going to an exchange and letting the exchange do it for you.
And lastly, you could just mine at MPH or a custom Pool Group and just accumulate interesting coins that are the "most profitable" from time to time, and then exchange them whenever you want. If you like to "hold" coins, this is the best way. For instance, DGB could be "most profitable" for about 30 minutes, and then it may not be again for hours or days. But you will have DGB that you can play with at the exchanges to setup sell orders at the profit level you want. If DGB hits that level again you already have the sell order waiting at the exchange. If it doesn't... well you are holding and then a week, month, or years later decide what to do with those coins.
