Awesome Miner Profit switch threshold "sweet spot"

cashen

sr. member

Activity: 434

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Quote from: psybangas09 on March 02, 2018, 04:16:26 PM

Quote from: cashen on March 02, 2018, 03:39:36 PM

You might want to post in the awesome miner thread. I have posted my results there.

Sorry to sound like newbie, but where is the awesome miner thread? Can you post a link please?

https://bitcointalksearch.org/topic/awesome-miner-powerful-windows-gui-to-manage-and-monitor-up-to-200000-miners-676942

HashRaptor

newbie

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Quote from: fanatic26 on March 02, 2018, 03:40:46 PM

profit switching is pretty useless unless you are live converting each coin the second you mine it. Picking a single coin and mining it while holding the coins is always waaaaay more profitable.

That is actually not correct. The difficulty is the "cost" for miners. Not necessarily the sale price the second you are mining. So if the difficulty drops, it would definitely be better to switch. So the question is, in Awesome Miner, can you set the difficulty to be the trigger and not the price?

psybangas09

newbie

Activity: 7

Merit: 0

Quote from: cashen on March 02, 2018, 03:39:36 PM

You might want to post in the awesome miner thread. I have posted my results there.

Sorry to sound like newbie, but where is the awesome miner thread? Can you post a link please?

psybangas09

newbie

Activity: 7

Merit: 0

Thanks for the replies. Well I'm currently mining on MPH where I auto-exchange to either BTC or LTC since I'm GPU mining, and HODL ETH and ZEC when they're the most profitable coins to mine (according to MPH Coin Mining Profit Switching). I understand what your saying @fanatic26, when I first started out I was mining ZEC only on Suprnova.cc and it seemed more consistent between transactions, i.e. no time waiting for auto-exchange to go through. Although I do like being able to be paid in coins I can't necessarily mine with my current rigs (algo's like SHA-256 / scrypt etc).

fanatic26

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profit switching is pretty useless unless you are live converting each coin the second you mine it. Picking a single coin and mining it while holding the coins is always waaaaay more profitable.

cashen

sr. member

Activity: 434

Merit: 251

You might want to post in the awesome miner thread. I have posted my results there.

psybangas09

newbie

Activity: 7

Merit: 0

So I found a post here: https://www.reddit.com/r/gpumining/comments/7ixtrv/awesome_miner_profit_switching_seems_arbitrary/ that seems to validate Goose-Tech's reasoning with slightly higher values for both Switching interval (60) and threshold (20%) recommended. The comment is also made: "I don't care about penny gains. You also have to watch difficulty changes. If everyone jumps to a new coin. The coin you are mining might get easier." Will try using these new values and report my findings. Cool

psybangas09

newbie

Activity: 7

Merit: 0

First time posting, just curious to know what (%) amount is the "sweet spot" for Profit switching threshold in Awesome Miner general settings?

Thanks to watching Goose-Tech https://www.youtube.com/channel/UCv7Rsd8A6cW_kInX2fkDevA videos on different methods of mining with Awesome Miner and Mining Pool Hub, I've seen higher profits already configuring my rigs to switch algorithms.

However in his video here:
https://www.youtube.com/watch?v=jYXuxvj4xdI at around 31 mins he explains that he sets the Switching interval to 3 minutes, and a threshold amount of 15%. He goes on to say he does this because he found that the lower the threshold was, or if no threshold was set at all, it would constantly switch resulting in spending more time switching between different mining software than actually doing any kind of mining.

Has anyone else experimented with this setting, or have any recommendations? Thanks in advance. Wink

Topic: Awesome Miner Profit switch threshold "sweet spot" (Read 444 times)