MiningOptimizer: First things to do

Define your optimizing strategy by following the indicated steps in this document.

Important options and features:

  1. Minimum uplift

This option defines which profit is required to start optimizing. If you set “Min uplift” at  5% (as shown in the example below), MiningOptimizer will mine your reference coin until there is a better coin with a at least 5% more profitability available. In general we refer to this coin as “optimized coin”. Go to “Settings” – “Mining settings” to set your preferred “Minimum uplift” percentage.

  1. Switching profit

This options defines at which moment MiningOptimizer switches from the currently mined coin to a more profitable coin. If you set the “Switching profit” at 2% (as shown in the example below), MiningOptimizer is set to switch from the currently mined coin to another coin(if there is one available) with a 2% higher profitability than the currently mined coin. Go to “Settings” – “Mining Settings” to indicate your preferred switching profit:

  1.  Switch before reaching (minimum pool) payout

This option indicates your switching strategy with regards to the minimum pool payout. You have three options

3.1 “Never”
    This option sets MiningOptimizer to never switch to another more profitable coin if the minimum pool payout has not been reached yet. Whatever happens, we will continue the current run until you reach the minimum pool payout and only then switch to a more profitable coin.

3.2 “Trading coin only”
    This option refers to a specific mining circumstance. When your trading coin happens to be the coin that is currently mined, activating this option forces MiningOptimizer to switch from mining your trading coin to a more profitable coin(if one is available) before the minimum pool payout is reached.

3.3 “All coins”
    When activating this option,  MiningOptimizer always switches to the most profitable coin available.

“Go to Settings” – “Advanced” to indicate your switching strategy with regards to the minimum pool payout:

  1. Minimum run duration time before switch

This number sets the minimum time period for a mining run. MiningOptimizer only switches to a new coin when the minimum time period is reached. If you set one mining run to 30 minutes MiningOptimizer will mine until minimum payout is reached or at least 30 minutes.Go to “Settings” – “Advanced” to set your preferred time period for a mining run:

  1. Duration of the minimum excess time

The volatility of some coins can be very high. This option was created to avoid switching to coins which are showing only short term profitability. If you set the “duration of the minimum excess time” to 15 minutes, MiningOptimizer will switch to a more profitable coin only if its profitability remains stable for 15 continuous minutes or longer.Go to “Settings – Advanced” to define the “Duration of the minimum excess time”:

“Minimum Uplift” and “Switching Profit” will work in any case and strategy. “Minimum run duration time before switch” and “Duration of the minimum excess time” work only when “Trading coin only” or “All coins” are activated.

  1. Trading

MiningOptimizer always mines the most profitable coin and then sells it to your target coin. Turn on this feature and select your desired target coin so we can automate trading for you. Go to “Settings – Trading Settings” to choose your target coin.

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