So I guess I can't mine just one coin here correct? I have to mine a specific algo?
I'm only really interested in ZClassic.
correct. choose your payout and choose your algo. Everything you mine is converted to your payout.
If I'm mining keccak algo for MAX coin... what's the order of operations? Pool mine's MAX, get's converted to BTC, BTC converts to MAX at exchange, MAX gets sent to wallet? Or is it simply Pool mine's MAX, MAX gets sent to miner's wallet?
I guess the question is, if I'm not mining BTC, does whatever I mine get outputted as BTC then get converted to the coin which then gets sent to our wallet? If that's the case, would it make more sense to always get payouts in BTC? If not, then disregard! Thanks again.
yes, in exchange mode, you're credited BTC value, that that value is used to calculate how much MAX that would buy, then you get paid. It's always recommended to use BTC as payout.
In exchange mode...?
Just to beat the dead horse - no matter what I choose to mine, I effectively generate BTC "credits" which are then used to exchange for the coin I would buy. So in the example of MAX coin, say I mine 200 MAX a day which calculates to ~$0.035/MAX at the moment --> $7/day. That "$7" in BTC credit is used to exchange for the 200 MAX coin minus the fee it took to process a $7 BTC credit, so I'd end up with ...say 160MAX?
But instead, if I choose BTC as payout, I would get $7/day BTC credits which won't get exchanged/deposited to my wallet until I get $36 (0.0025BTC) which reduces the effect of the fee for the transfer/exchange.
$36 = 1028 MAX - 40MAX (arbitrary fee calc) = 988 = 96% of credits.......vs the 160/200 = 80% of credits from the earlier example.
Am I thinking of this correctly?
?
I stay at home and this is my new hobby. So far Zpool has served me the best! 