Mining Pool Hub Auto Exchange Explained PORTABLE

The software does not mine Bitcoin. It mines other currencies such as Ethereum, ZCash, Monero and a few others. In Mining Pool Hub, you have the option to setup auto exchange to a specific coin. Just log into MPH and look for "Auto Exchange" on the left hand side menu.

The simplest way to determine if the software is mining, is to have a look for another console window, and then scroll through that window to see if shares were submitted. You can also have a look in MPH at the "Balances" section in the left hand menu to see if you are getting balances in. For a more granular view, you can click on the currency in the balances view, that will take you to the currency pool, where you can view a dashboard with info.

Mining Pool Hub Auto Exchange Explained

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How to understand if the software is mining at its best - it really comes down to how often you cash in and if you have the auto switch on. As the currencies fluctuate, you might get a less favorable exchange rate, so although you mined a coin that was most profitable a while ago, it might not be the case anymore. The best is to do your own research, and to monitor your miner. There are a few websites that can help you with crypto currency related info:

Anyway, it's been 24 hours and the results have been great! Earning about 10% more than with NH plus no withdrawal fees except for the tiny Vertcoin tx fee (since I'm using Vertcoin as my auto exchange).

What is zergpool mining pool service?

A. Zergpool is autoexchange pool where you direct your hashpower to analgorithm and the pool selects which coins are most profitable to mine for you.

However you can also select particular coin to mine withing any of algorithms.

Refer to Option 2 mining on main page

What is reward distribution method zergpool uses?

A. We are using PROP(proportional) method of reward distribution, based on shares miners contributed.Additionally, shares submitted during last 7 minutes prior found block are being reused for next block reward calculation, encouraging more long lasting mining.

When and how do I get paid ?

A:BTC payouts are made automatically every 24h for all balances above 0.0015 every day, or if network fees are low enough payments are sent more frequently(every 4h).

ETH payouts are made automatically every 4 hours for all balances above 0.05, transaction fee is deducted from balance.

LTC payouts are made automatically every 4 hours for all balances above 0.25, or 0.05 on Sunday.

DOGE payouts are made automatically every 4 hours for all balances above 50, or 10 on Sunday.

Payouts for all other currencies are made automatically every 4 hours for all balances above 0.0001 in BTC equivalent, or 0.00002 on Sunday.

Please be noticed that : BTC, LTC, BCH, DOGE and DASH are the *guaranteed* payout coins.

Please wait for pools payout schedule in order to get paid. You can see payout time by hovering your mouse .

at the right top of pool web site (there is "Next Payout: ......" text).

I want to try other mining pools, but I have a balance on Zergpool that is below the minimum payout. What happens to my funds?

A: Your funds are still there up to 12 months without any mining activity at Zergpool.

Please be aware that we clean up database after 12 months of mining inactivity. That means, every time you mint in Zergpool again, the '12 months' counter will be reset.

However, in order to get paid, you need to mint until (*balance* amount) payout threshold is reached.

I have balance amount in my payout wallet, but want to get payment in another / my new wallet address. Is that possible?

A: We are here to protect everyone. Miners wallet address is public wallet address, with no owner's ID / proof-of-ownership attached to it.

That's why for security concerns, we cannot do that. You need to use your current wallet address to receive your current balance payout, and you can use your new address to start a new mining in Zergpool.

Why am I getting this message on my wallet stats: 'Warning: We are short of this currency in amount of xxxx at pool. Please switch to another payout currency (LTC,BTC,DASH,DOGE,BCH) until we find more blocks.'?

A: For payments other than BTC, LTC, BCH, DOGE and DASH, pool pays out from found blocks at pool. You can get this warnings if payout coin you selected was less popular lately, hence pool is short of this for your payment. Recommendation is to switch to guaranteed or other payout coin until more blocks are found.

There are two things you could do in this situation :

1. Please be patient and wait for pool to find enough amount to pay you.

You could choose either : stop your mining to this coin, OR, continue mining to this coin while being aware of this shortage situation.

2. If you choose to stop mining to this coin, you could start new mining to your another *guaranteed* payout currency (BTC / LTC / DASH / DOGE / BCH) wallet address.

By doing this, you could keep making profit from your rig(s) and continue to get paid in guaranteed payout coin.

As for your still-lacking payout coin from previous mining, you will still get paid when pool has found enough amount of that coin.

Can you explain to me what exactly party mining is?

'Party' mining is when you and several other miners are joining hash power together to mine a certain algo/coin.

Reward of blocks found by this 'party', will be distributed by pool automatically among members; based on hash power of each member.

So instead of sharing blocks reward with all other miners at the pool, you will only sharing profit within members of the party.

To create a party: Add "m=party." + in your miner's password parameter/option.

For example : if you and several other miners want to use "12345" as your party password, then put "c=BTC,m=party.12345" as a password parameter.

(As a note: each member could still choose his/her own payout coin by specifying his/her own coin_symbol in "c=" option.)

So every miner that uses the same party_password in mining that specific algo/coin, would be a member of the same party.

Of course, you would sharing your party_password among members only, so other 'un-invited' miners won't be able to join.

Why ETH payout threshold is higher than other coins and may change over time?

Would like to give a short explanation why ETH payout threshold varies at pool. ETH networks fees are fluctuating, sometimes making tx cost very high, in order make transaction worthwhile(e.g. tx amount is higher than fee) we are raising payment threshold automatically.

Once network activity calms down, network tx fees reduce, threshold is also getting back to regular level.

The same is applied to BTC, as similar issue is typical for this coin. Here might skip one 4h frequent payment round to collect more candidate for payout to justify tx fee.

Rest like LTC, DASH are just ok, never seen fee being so high there, so threshold levels almost never change

Hope this explains logic and behaviour a bit

Each individual rig auto-sends the ETH to a specific ETH address via pool. So now I have multiple (30+) ETH addresses that are receiving ETH. Very frustrating to check every address and send the ETH to my main account by hand.

It depends on how much you've paid for equipment, the pool you join, its payout method, and your work contribution. In general, the more work you do when the pool earns cryptocurrency, the more you receive."}},{"@type": "Question","name": "Is It Worth Joining a Crypto Mining Pool?","acceptedAnswer": {"@type": "Answer","text": "If you want to mine cryptocurrency for the chance to earn rewards, it's best to join a pool. This is due to the competitive nature of mining, so the more hashing power you're part of, the more chance you have. On your own, it's doubtful you'll hash fast enough to keep up with the rest of the network."}},{"@type": "Question","name": "How Long Does It Take to Mine 1 BTC?","acceptedAnswer": {"@type": "Answer","text": "It takes about 10 minutes for the solution for one block to be found. The reward in 2023 is 6.25 BTC per block, so 6.25 BTC is awarded about every 10 minutes. This is an average of about 1.6 minutes per 1 BTC. Sometime in mid-2024, the reward will halve to 3.125 BTC per block and average about 3.2 minutes per 1 BTC."}}]}]}] Investing Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Banking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All News Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All Reviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard BankingBanking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal FinancePersonal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All NewsNews Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All ReviewsReviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All EconomyEconomy Government and Policy Monetary Policy Fiscal Policy Economics View All Financial Terms Newsletter About Us Follow Us Table of ContentsExpandTable of ContentsWhat Is a Mining Pool?How It WorksMethodsBenefitsDisadvantagesFAQsThe Bottom LineCryptocurrencyMining Pool: Definition, How It Works, Methods, and BenefitsByJake FrankenfieldUpdated November 30, 2023Reviewed by be457b7860