Cryptocurrency mining explained in plain words: mining software and hardware reviews
including ASIC and GPU. Expert opinion on cryptocurrency market and future crypto mining
outlook.
Today we have witnessed perhaps the largest network split in the Ethereum Classic history: a chain of about 3000 blocks (that is about 12 hours worth of mining) got orphaned, destabilizing the whole network and causing major issues with the mining pools, exchanges and infrastructure nodes of the network.
Last time the Grin hard fork happened on January 16, 2020. Back then the developers upgraded to version 3.0 and implemented the Cuckaroom mining algorithm. This week they will perform another hard fork. In this article, we will talk about the latest hard fork and what the network users should do.
The first Beam hard fork was held on August 15, 2019. Its main goal was to protect the cryptocurrency network from ASICs and build up the presence of GPU miners. The second blockchain update is scheduled for this week. The update is consistent with the project roadmap, but it still requires some preparation. Let’s see how to get ready for it.
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.