minerstat mining tutorial #41: Profit switch with Suprnova

minerstat
minerstat
Jun 11, 2020 · 5 min read

Suprnova is one of the older and more known pools that offers mining pools for different cryptocurrencies. The fee for mining on Suprnova pools is 1% and the payment method is PPLNS.

In this tutorial, we will show you how to set up a simple profit switch between BTG, RVN, and VTC on Suprnova pools.

About profit switch

Profit switch is a tool that allows you to define the coins and pools between you want to switch for your workers. The profit switch can be set remotely through the minerstat dashboard. To set up a profit switch, you will first need to set up your account and worker. If you are not familiar with how minerstat works, you can start here.

Starting with Suprnova

On Suprnova pools, you identify with a username and worker’s name that is added to the Suprnova dashboard. On each coin, you will mine, you will need a registered account and added workers.

Once you have accounts registered (you can use the same name on each page), you can add your workers by navigating to My Account > My Workers. On the left side, you will see a menu to add worker and on the right side, there will be a list of all of your workers. We suggest naming the workers the same as the name of the workers on the minerstat dashboard. This way, the integration will be faster and easier.

Address editor

When your worker or workers are set up and running, your next step is the address editor. The address editor is your pools and wallets address book. Along with the other pools that you already have defined, you need to define Suprnova’s addresses for the coins you want to mine. We suggest you use tags that will help you easily distinguish between different coins. For example, RVN-SN or RVN for Suprnova’s RVN stratum address.

In this tutorial, we will set up a profit switch for mining with a mining rig with 6 x Nvidia RTX 2070 GPUs. The coins that we are interested in are GPU coins BTG, RVN, and VTC.

So for this case, we need to define the following stratum addresses:

  • BTG: btg.suprnova.cc:8866

Please note that you should select the coins that you are interested in - having too many coins in the profit switch might slow down the reward payout time and you will need a wallet for each of the coins you include in the profit switch when you will want to withdraw from Suprnova.

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 you want to include in the profit switch. Make sure to select a correct corresponding pool, wallet and to type in the correct pool fee (for Suprnova this is 1%).

If you prefer to use a mining client of your choice and/or with custom settings, select the miner and edit its configuration. Otherwise, you can leave it at Autoselect. If you will select a custom configuration, make sure to include the right pool and wallet tags as with custom configuration it won’t be automatically replaced with your selection.

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 load hardware data from our database or conduct a benchmark.

For this example, we will add the following values:

Optionally, you can also change the overclocking profile.

Electricity costs

Enter the amount you pay for kW/h. In our case, this is 0.11 EUR for kW/h.

When to switch?

Enter the percent of the minimum allowed difference to switch on a new coin and the minimum mining time before profits are calculated again for comparison.

Reward method

Select the reward method you want to use. The “normal” method will select the reward as it is, the “ignore outliers” method will replace outliers with the mean value, and the “apply penalties” method will penalize all rewards in regards to how dispersed are the rewards in the last 4 hours.

If you are looking for an additional way to escape the spikes that might happen because of low difficulty or sudden price increase, you can also activate the earnings drop trigger.

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.

  1. Open your workers’ config page.

If you have a smaller number of workers, you can activate profit switch directly from the workers’ page. Click on the Switch icon and toggle the Profit switch option to enable it.

You can check your balance on Suprnova by adding Suprnova pool to our pools balance monitoring or by tracking your statistics directly from the Suprnova’s website.

Happy mining!

More from this series:

minerstat

minerstat® is a crypto mining monitoring and management platform for ASICs, GPUs, and FPGAs.

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