Simplemining.net multi algo profit switching

[cryptom00n5]

Does anyone know of a miner that runs on simplemining.net OS that provides this functionality? At the moment I am checking which algo/coin is most profitable every day.

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[biggiemco]

so far I've only been able to get smos to switch most profitable coin on a defined algo, (equihash in my case) I don't know if it's possible, I wish I could get it figured out.

[cryptom00n5]

Thanks for the reply, i don't think the functionality is possible within simpleminingOS itself at this stage but i have emailed the dev to see if it is on the timeline.

My thinkng is that if simplemining.net has an API that you can use to change "Rig Groups" on your "Rigs" then this should be possible!!

[vampyren]

Thanks for the reply, i don't think the functionality is possible within simpleminingOS itself at this stage but i have emailed the dev to see if it is on the timeline.

My thinkng is that if simplemining.net has an API that you can use to change "Rig Groups" on your "Rigs" then this should be possible!!

Hi, i am wondering the same, did you get an answer?
I was using Awesome miner before and had that feature. Badly miss it.

[fanatic26]

If you want to do profit switching on the local side it will be a lot of work. You would have to configure wallets and settings for each individual algo.

The bottom line is that profit siwtching is a misnomer, and it will cost you to lose money in the long run. If you are chasing minute by minute profit you wont be able to turn coins into fiat fast enough to capitalize on it. The smart move is to mine a coin you feel confident in, and hold it for future gains.

If you are cashing out your mining revenue immediately you are making a really boneheaded mistake and costing yourself so much in the long run. This is not a short day by day profit game, you need to mine coins and hold them for as long as possible or you are just wasting your time and effort.

[RYXES]

Does anyone know of a miner that runs on simplemining.net OS that provides this functionality? At the moment I am checking which algo/coin is most profitable every day.

Are you selling the instant that you receive your coins?

Because if not then there isn't really much point in switching every day.

[vampyren]

Does anyone know of a miner that runs on simplemining.net OS that provides this functionality? At the moment I am checking which algo/coin is most profitable every day.

Are you selling the instant that you receive your coins?

Because if not then there isn't really much point in switching every day.

Sort of. With Awesome miner i used miningpoolhub.com and it kept all my coins in the wallet. I selected autotrade so that no matter what i mined it got traded for ETH.
It is worth switching when the price different is 20%! I set it up so that it could check every 10 min and if the price difference were greater than 10% it would switch.

[fanatic26]

Sort of. With Awesome miner i used miningpoolhub.com and it kept all my coins in the wallet. I selected autotrade so that no matter what i mined it got traded for ETH.
It is worth switching when the price different is 20%! I set it up so that it could check every 10 min and if the price difference were greater than 10% it would switch.

Yea but you are paying miningpoolhub to do that for you so you are losing out on profits. I warn any miner away from any of these auto conversion sites. If you are auto converting to a single coin like ETH, you are leaving a crazy amount of future profit on the table.

[vampyren]

Sort of. With Awesome miner i used miningpoolhub.com and it kept all my coins in the wallet. I selected autotrade so that no matter what i mined it got traded for ETH.
It is worth switching when the price different is 20%! I set it up so that it could check every 10 min and if the price difference were greater than 10% it would switch.

Yea but you are paying miningpoolhub to do that for you so you are losing out on profits. I warn any miner away from any of these auto conversion sites. If you are auto converting to a single coin like ETH, you are leaving a crazy amount of future profit on the table.

That is not true though. Pool fee is 0.9%. The switching dont cost as far as i can see (beside exchange side which is something i cant get rid of either way). I tested it for several weeks and in general i get more out of my rig with mining whats more profitable. That is if the difference is more than 10%.
Even if there is a hidden fee 10% is pretty big. At times the difference is 30% between ETH and Zclassic/Zcash so it really is worth switching.
I do diversify but at the same time i want to build up on my ETH.