Profit switching (2019.11.19) | Monologue by Dr. Geek

Monologue by Dr. Geek

Lonely Researcher, Prof. Dr. Geek
He has been challenging advanced technology research in academia, education for young people and technology funding by the unique IT technologies for bright future of mankind.

The Profit switching feature will optimize the mining for maximum profitability based on statistics from both standard mining pools and multi-coin pools. 

 

Access all popular mining pools with just a click to get started with the profit based mining right away.

 

Use the benchmark to let Awesome Miner test multiple mining algorithms and mining software and measure the hashrate and power usage for each of them to optimize the profit switching decisions.

 

Profit switching introduction

Awesome Miner has two concepts for profit switching.

 

Managed Profit Switching - For GPU and CPU mining

 

Ø  Based on the concept of Managed Miner, but requires a        specific kind called Managed Profit Miner

 

Ø  Intended to be used for GPU and CPU mining running on      Windows

 

Ø  Supports automatic switching between multiple                  algorithms and mining software (e.g. switching between        Sgminer, Claymore Ethereum and more)

 

Ø  Automatically switch between multiple algorithms, online      services like NiceHash and single coin pools

 

Ø  For more details, see the guide Profit switching for GPU      and CPU mining.

 

External Profit Switching - For ASIC mining

 

Ø  Operates by changing priorities of existing pools of an          already running External Miner

 

Ø  Intended to be used for ASIC miners

 

Ø  Works with many kinds of mining software, but will not          change the mining software being used

 

Ø  Automatically switch between multiple online services        like NiceHash and defined single coin pools

 

Ø  For more details, see the guide Profit switching for ASIC      mining.

 

Working of profit switching feature

 

Ø  The profit switcher can work on single coin pools, but          these must be manually added in Awesome Miner. 

 

    Any pool with a known coin where the profit information      is listed in the Coins tab can be used. 

 

    The coins and statistics on the Coins tab are by default      from coin statistics                                                       sources WhatToMine.com and CoinCalculators.io

    Summary: 

   The profit switcher cannot automatically switch to the         coins on the Coins tab - you must find a pool where to       mine these coins first.

 

Ø  The statistics used by the profit switcher is based on          the current profit or 24-hour average profit information      from the supported multi-pools and from the coin                statistics sources.

 

    The setting for using either the current or 24-hour              profitability can be found in the Options dialog,                  Statistics section.

 

Ø  For more information about the coin statistics and              profitability predictions, see the guide Coin and profit          statistics.