After our existing clients and early access users tested our profit switch function, we have received multiple wishes to add support for multialgo auto-exchange pools.
We have already implemented a profit switch function that works on coins and NiceHash, so we decided to give such pools a try as well. Now minerstat supports Zergpool algorithm mining with auto-exchange to your BTC address.
In this post, we will introduce a way to set profit switch for mining on Zergpool and get paid in Bitcoin. It will work if you are a hobby miner or if you run a small or large mining operation. And what is best - if you want to include any special individual coin in the profit switch, you can do that as well.
About Zergpool
Zergpool is a multialgo, multicoin, autoexchange pool that doesn’t require registration and offers more than 40 algorithms. Payouts can be issued in different currencies, but for the option, we have implemented in the profit switch, BTC payout is the only guaranteed payout option. All BTC payouts are automatic and issued every 12 hours for balances above 0.005 BTC and every Sunday for balances above 0.0025 BTC.
The fee for mining on Zergpool is 0.5%.
About minerstat’s profit switch
We have introduced a profit switch in one of our previous tutorials. It is a function that is managed remotely from your minerstat dashboard. So to use it, you will need to register a new account at minerstat and set up minerstat software on any of your mining devices. We offer mining OS for all Linux fans, a node for all Windows users, and ASIC node for ASIC owners.
If you need help in setting everything up, you can check our tutorial on how to start with minerstat.
Address editor
After you have set up your account and your minerstat software works as it should, your first step is the address editor.
The address editor is your pools and wallets address book. So along with other pools already defined, you need to define Zergpool addresses for algorithms you want to mine.
We suggest you use tags that will help you easily distinguish between Zergpool addresses and other addresses. For example, EQUI-ZP for Equihash Zergpool address.
In our case, we will set up a profit switch for Nvidia GTX 1080. The algorithms that we are interested in are Equihash, Lyra2REv2, Lyra2z, X16R, and Zhash.
The pool addresses need to be defined as stratum+tcp://ALGORITHM.mine.zergpool.com:PORT where ALGORITHM and PORT can be found on the main Zergpool page. So for our case, we will use:
stratum+tcp://equihash.mine.zergpool.com:2142stratum+tcp://lyra2v2.mine.zergpool.com:4533stratum+tcp://lyra2z.mine.zergpool.com:4553stratum+tcp://x16r.mine.zergpool.com:3636stratum+tcp://equihash144btcz.mine.zergpool.com:2148
You can add other algorithms in the same way. When you are deciding which algorithms to include in the profit switch, we suggest you check our coins list. Besides coins and algorithms, you will also find a list of supported hardware and software for this coin/algorithm. Additionally, you can open the mining calculator and select AMD/Nvidia/ASIC to see which algorithms are available for your worker(s).
After the pools are set, we also need to define BTC wallet if we haven’t added it yet.
Profit switch
After we have defined all pools and wallets in the address editor, our next destination is profit switch.
Target
First, select the workers to which you want to apply the profit switch. You can select one or more workers or one or more groups.
Coins
Select the coins/algorithms you want to include in the profit switch. Make sure to select the correct corresponding pool, BTC wallet and to type in the correct pool fee (0.5% for Zergpool).
In the new version of the profit switch, you are also able to select the default mining client for specific coins and add custom configuration for profit switch. If you don’t want to make these settings custom, you can leave mining client at Autoselect.
Hashrate and consumption settings
For a profit switch to work, we need to define the speeds the worker reach on certain algorithms. If you haven’t tried mining all algorithms yet, you can browse the internet to find some default values and then update them after you first switch to this algorithm and you will be able to see the exact speed.
Our GTX1080 mining on msOS reaches the following speeds:
- Equihash 480 H/s
- Lyra2REv2 46.5 MH/s
- Lyra2z 2.37 MH/s
- X16R 9.4 MH/s
- Zhash 38 H/s
Dual mining
We won’t be dual mining in this case so we can skip this section and leave values at 0. If not, the procedure is the same as with typing speeds and power consumption for other algorithms.
Electricity costs
Enter the amount you pay for kW/h. In our case, this is 0.11 EUR for kW/h.
When to switch?
Set the minimum allowed difference in coin profitability to trigger switch. This means that new coins will be selected only when it is X% more profitable than the coin you are currently mining. You can set up any value larger than 0%, we also allow decimal numbers.
In this case, we will set 0.5%. If the current coin is making 1 USD/day and the new coin suitable for the switch is making 1.005 USD, we will switch to the new coin. If we would set 5%, the new coin should be making at least 1.05 USD to switch to it.
The new version of the profit switch also had an option to set minimum mining time in hours and minutes. The default setting is set at 10 minutes.
Save changes.
Activate profit switch
After you have saved changes, you have only saved the configuration that will be used for profit switch. To really start profit switching, you will need to activate it for your miner.
- Open your workers’ config page.
- Select the same target as you did in profit switch.
- Scroll down to the Profit switch.
- Click on the gray square to make the Profit switch option checked and included in the update.
- Select Enabled from the drop-down.
- Scroll at the bottom and click on Save changes.
This will activate the profit switch and within 10 minutes your first profit switch selection should be active.
You can check your balance on Zergpool on your wallet page or add it to your pools balance monitoring on the minerstat dashboard.
Happy mining!
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