Need help understanding Multi algo profit switching miner

[theDonBot]

Hello crypto miners,
I already have experience in mining ETH directly with Claymore, etc. and at times also Nicehash (I like it because of the auto algo switching). as nicehash is still not online at the moment I am looking for the most profitable method of mining (Nvidia gpus). Unfortunately, I do not fully understand the multi algo profit switching miner and hope you can help me. What exactly are they doing? are these only nicehash alternatives? Is there a miner eher i can, for example, insert Wallets for ETH, ETC, XMR, etc. and the miner just mines the coin that brings the most profit?

sorry for the beginne question but i'm not constantly reading all the threads here its a bit hard to follow up

thanks buds

[1714848212]

1714848212

[1714848212]

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[1714848212]

1714848212

[halker2010]

Hello crypto miners,
I already have experience in mining ETH directly with Claymore, etc. and at times also Nicehash (I like it because of the auto algo switching). as nicehash is still not online at the moment I am looking for the most profitable method of mining (Nvidia gpus). Unfortunately, I do not fully understand the multi algo profit switching miner and hope you can help me. What exactly are they doing? are these only nicehash alternatives? Is there a miner eher i can, for example, insert Wallets for ETH, ETC, XMR, etc. and the miner just mines the coin that brings the most profit?

sorry for the beginne question but i'm not constantly reading all the threads here its a bit hard to follow up

thanks buds

well you can use multihubpool's multi switching port for the algo you want from this page
https://miningpoolhub.com/?page=statistics&action=autoswitches
this is if you want to mine one algo but the most profitable coin from that algo
if you want full multi algo profit switching you can use multipoolminer
https://github.com/aaronsace/MultiPoolMiner/releases

this one uses info about what is the most profitable based on its benchmark just like nicehash client you just need to edit and replace some details just like any other miner read the instructions to understand how it fully works. 

[theDonBot]

well you can use multihubpool's multi switching port for the algo you want from this page
https://miningpoolhub.com/?page=statistics&action=autoswitches
this is if you want to mine one algo but the most profitable coin from that algo
if you want full multi algo profit switching you can use multipoolminer
https://github.com/aaronsace/MultiPoolMiner/releases
this one uses info about what is the most profitable based on its benchmark just like nicehash client you just need to edit and replace some details just like any other miner read the instructions to understand how it fully works.  

sounds great, thanks!
MPH with MPM or AwesomeMiner seems to be the best solution for now.. any tipps for mining there in terms of payout amounts, etc.?

[puwaha]

well you can use multihubpool's multi switching port for the algo you want from this page
https://miningpoolhub.com/?page=statistics&action=autoswitches
this is if you want to mine one algo but the most profitable coin from that algo
if you want full multi algo profit switching you can use multipoolminer
https://github.com/aaronsace/MultiPoolMiner/releases
this one uses info about what is the most profitable based on its benchmark just like nicehash client you just need to edit and replace some details just like any other miner read the instructions to understand how it fully works.  

sounds great, thanks!
MPH with MPM or AwesomeMiner seems to be the best solution for now.. any tipps for mining there in terms of payout amounts, etc.?

Depends on your overall mining strategy really.  If you are looking for profit immediately, then you want to set a threshold to payout for each coin that you will mine to go to an exchange.  From there you manually sell at the right times, or setup auto-sells to sell right away.  If your hashrate is high enough, then sending small amounts to auto-sell can be profitable.  Miningpoolhub can also do auto-exchange to the coin of your choice, though then you are at the mercy of MPH's strategy of exchanging.  They will wait until a minimum number of coins has been accumulated by all miners before sending to the exchange.  By the time that happens, the coin may no longer be as profitable.