According to CoinMarketCap, there are no less than 5 429 cryptocurrencies in the world. Choosing which cryptocurrency to buy is hard, let alone choosing one for mining. You must consider mining algorithms, your hardware specs, and profitability. Let’s see how to deal with this task and which software can help you mine the most profitable coin.
May is a crucial month for the crypto industry. The highlight of the month is the long-awaited Bitcoin halving that is held once every 210 thousand blocks, or roughly every four years. Then there will be Consensus Distributed, a world-famous conference. This time it’s going to be held online. But first, on May 6, Ravencoin RVN will switch to the new KawPoW mining algorithm. Let’s see what is featured in the update and how to set up the miner correctly.
Gminer is a popular miner widely used by the mining community. Its key feature is the support of multiple algorithms and cryptocurrencies. It supports Ravencoin, Aeternity, Ethereum, Beam, Grin, ZelCash, BitcoinZ, and even Nervos CKB, which hashrate has recently flown up. Let’s see how to setup the miner correctly and start using it.
In February we wrote about Ethereum ASIC miners that faced the problem of the constantly increasing DAG file. This time the 4GB GPU’s are in danger. In the past few days, we’ve received a lot of requests from our miners both in Helpdesk and in 2Miners Telegram Chat. All of them noted that their GPU’s are no longer mining Ethereum Classic or Ethereum due to the increased size of the DAG file. We’ve prepared for you the list of the possible workarounds depending on your mining software and mining rig setup.
In mid-March, we wrote about a sudden increase in the hash rate of the Nervos CKB network. A ten-fold increase in just two weeks was noticed by all miners of the cryptocurrency. We suspected that ASICs by Bitmain launching in April were to blame for that. It turns out that another manufacturer, Todek, outplayed Bitmain, and its Toddminer C1 devices are already mining CKB. Let’s see how to set up this miner correctly.
Most of you have probably read books about the success of famous people like “Screw It, Let’s Do It” by Richard Branson or Steve Jobs’ biography. But most of them are just beautiful stories about the best and most successful people in the world. What about real people with their faults? Nobody writes about them. You have probably always wondered, whether mining is worth it. How much money can you make? What are the chances of losing money? Today you have a unique opportunity to read the story of a real miner with as much as $200,000 worth of hardware.
The 2Miners pool users have noticed an increase in the hash rate of the Nervos CKB network – that is, in the overall computing power of devices that mine this cryptocurrency. The increase is significant. On March 5, the hash rate was 198.32 Th/s, today it’s 1.99 Ph/s. A ten-fold increase means that there is a problem that is most likely caused by ASIC miners.