What is the most efficient operating system to mine ethereum

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ERGO is the youngest coin on our list. The estimate is vague due to a significant difference in types of cards on the algorithm. T-Rex is for Nvidia:. It also generated significant Internet traffic for the pool and miner: each share reached KB which is hundreds of times more than a share of any other algorithm. Every 1. Here is an example of the bat file for T-Rex Nvidia :.

New Algorithm — FiroPoW. How to Prepare? Mining on this algorithm is highly dependent on GPU memory. If you can switch your mining powers to this coin for several hours once its mining difficulty drops or exchange rate increases, Cortex is for you. What makes CuckooCortex unique is that the algorithm offers a variety of ways to adjust mining energy efficiency. Here is an example of the bat file for lolMiner on AMD graphics cards:.

Most miners in the world choose cryptocurrencies that bring the maximum profit. Remember that mining is the process of getting rewards for using the computing powers of your equipment. You should mine only the most profitable cryptocurrencies right now. If you are sure that a certain coin is potentially profitable, you can always buy it using your mining profit. This is a much more efficient strategy. Remember that it may change fast, maybe in a day or even in an hour.

The system of any cryptocurrency mined on GPUs may be considered a closed loop: miners often switch from one coin to another depending on mining profitability. How to choose the best coin at the moment? Use 2CryptoCalc. Add your GPUs and their number, and the calculator will show you a list of the most profitable coins at the moment. Remember that mining algorithms vary in terms of power consumption.

Make sure to consider it along with profitability when you choose cryptocurrencies for mining. Join our Telegram chat and follow us on Twitter to get all the news as soon as possible. Miner since , the 2Miners pool co-founder.

Became interested in cryptocurrencies at the dawn of the latest bull run and bought his first graphics cards. In fact, neither of these statements is true: while mining helps you make a profit and can be seen as a source of passive income, it requires quite a bit of investment, both in terms of money and time.

However, it can still be profitable. Today, we will talk about the best Ethereum mining equipment that you can use to get some ether. Most people mine Ethereum or any other cryptocurrency, really to make money. Despite being in decline lately, mining can still be quite profitable.

As long as you keep your expectations realistic and choose the best Ethereum mining hardware and software for your particular situation, making a profit can still be possible. This is especially applicable to big cryptocurrencies like Bitcoin or Ethereum, which are relatively reliable and have plenty of use cases apart from just being a speculative asset.

And if one does decide to mine a top cryptocurrency, why Ethereum? When it comes to the first question, the answer is quite simple: it depends on your aversion to risk. Most people would not be OK with investing both time and money in an asset that may or may not ever have any significant value.

Of course, if you truly believe that a smaller cryptocurrency has a chance to become the next big thing, you can invest in it, but it is still good to have and mine bigger cryptocurrencies if only to diversify your portfolio. If you invest in some smaller coins, you can check out our list of cryptocurrencies that we think can explode in You can always buy ETH in a fast and secure way on Changelly. This question is a bit hard to answer, especially since ETH mining may soon cease to exist.

However, the date of the transition has not been settled yet, and ETH still remains a great investment — especially since it can be efficiently mined with GPUs, which many people already have. So, is it still worth it to invest in Ethereum mining when its future is so uncertain? Well, as always, it depends. Some experts believe that ETH mining can still be quite profitable, and, at the end of the day, the hardware and the mining rig used for it can still be either resold or used for mining other cryptocurrencies or everyday stuff like playing video games once the switch happens.

Mining is essentially the process of creating new blocks on the blockchain by solving complex cryptographic puzzles. These blocks hold transactional data. Miners use their computing power and time to produce blocks and process transactions, and they are rewarded for that with a certain amount of the cryptocurrency they are mining. The proof-of-work PoW algorithm that Ethereum uses is called the Ethash. Ethereum mining was designed in a way that only makes it profitable when it is executed with graphics cards, GPUs — so, unlike Bitcoin, it cannot be mined with ASICs.

If you choose to mine Ethereum solo, you will need to get some mining software and hardware. Alternatively, you can partake in cloud mining — the process of paying somebody else to mine for you. You can also join an Ethereum mining pool — it requires less investment and is generally easier.

There are a lot of different Ethereum mining pools out there, and finding one that suits you can prove to be quite hard. Check out our list of the best Ethereum mining pools to get started. The higher the difficulty level, the more resources one will need to expend in order to make a profit. As a result, while ETH mining now requires more resources than ever, it is still incredibly lucrative; after all, the Ethereum price has been steadily rising lately, experiencing only minor corrections before going back to the green again.

You should note, however, that the profitability of Ethereum mining will largely depend on how you mine it and what you are willing to pay in terms of both the initial investment and the upkeep. Additionally, there are some tricks you can use to increase your hash rate and thus profit without increasing the costs of mining — we will talk about some of them later on in the article.

That said, the risk is still there : if Ethereum is the only coin you could see yourself mining, and if you have zero previous mining experiences, or if you do not know how to utilize your hardware after mining, then we indeed do not recommend you to pick ETH mining up at this point. There are better ways for you to invest your money. The current Ethereum mining reward is 2 ETH, plus all the transaction and gas fees contained in the block that was mined.

BitInfoCharts has calculated that the current average profitability of Ethereum mining is 0. In order to make a profit from mining Ethereum, you will need to satisfy a few software requirements first. Firstly, you will need to get a good and reliable crypto wallet that supports Ethereum. If you want to go for a hardware one, Ledger or Trezor would be a great choice. Read more about Ethereum wallets here.

Geth, among other things, is what allows one to mine ether. You can download Geth directly from its website — the same page also features comprehensive installation and utilization guides. Please note that since this is a command-line interface, installing and using it can be quite complicated. Mining software helps to control the mining process. There are many different types of Ethereum mining software — some only support ETH, while others are more diverse and offer a wider range of supported cryptocurrencies.

We recommend going for programs that receive frequent software updates — they are typically a lot more secure. We also recommend searching them up on reddit or other crypto forums to see what other users consider to be the best Ethereum mining software. This Ethereum mining software was designed by Chinese developers for Chinese miners, but it can also be used by miners from other countries. It can establish an SSL connection to mining pools. NBMiner can be rather complicated to use, but the developers provided a very detailed how-to guide on this program on its GitHub page.

While PhoenixMiner does not have the dual mining option, it can offer its users lower dev fees and a high level of stability. The dev fee is 0. The miner works great with Radeon RX Vega series graphics cards. This Ethereum mining software has one of the best user interfaces on the market.