Cryptocurrency Node Updates

This month the developers of many coins released new software versions. Some updates were previously scheduled. Other releases were required to solve the emergency situations that happened with the networks of these coins. For example in January FLUX node was updated multiple times because of the constant network problems. ERGO network also got some issues.

This is the list of the most important updates and the current versions of the node software installed.

• Firo v0.14.9.4-g82a9a564c
• ETC CoreGeth/v1.12.6-stable-20d20d72
• ZEC v4.6.0-1
• CORTEX v1.10.30-stable-67e7700
• Ergo Protocol Reference Client 4.0.21.1
• Flux v5.2.0-e4f7588

Ravencoin Halving

Ravencoin (RVN) halving happened at block 2 100 000 on January 11th. The block reward is now 2500 RVN only. It was 5000 RVN before. That means all the miners get two times less reward now.

2CryptoCalc was updated.

Ethereum Pool News

We’ve increased the number of PPLNS shares from 300 000 to 1 000 000 for the Ethereum PPLNS Pool.

This will not change your daily reward anyhow. This should just help the small miners with a low hashrate (for example a single video card) to participate in a larger amount of blocks. How does PPLNS pool reward system works?

2Miners Ethereum pool found a lot of BIG blocks in January. For example 83.65 ETH per block on January 12th, 79.82 ETH on January 15th, 75.55 ETH on January 29th and many more.

All the mining World was shocked by the 170.65 ETH block in our SOLO pool.

New Mining Software

The quick start archive with the mining software has been updated. It includes the latest versions of the most popular programs for Windows OS and the ready-to-go bat-files for each of the coins available on 2Miners.com. The archive contains:

• gminer 2.75
• t-rex 0.24.8
• lolminer 1.42
• teamredminer 0.9.0

You could always download the archive using the link below. It is also presented on the help page of the pool.

https://bit.ly/2miners-github
The archive password is 2miners

New Languages in Telegram Bot

2Miners Telegram Pool Monitoring Bot is now translated into 5 languages: English, Russian, Chinese, Turkish, Spanish.

Our bot is one of the best ways to monitor your mining rig activity. It could be also very convenient for the SOLO miners who rent the hash power as the bot could notify you about the new blocks found by your rigs.

We welcome you to join our miner community in Telegram or one of the local chats in Russian, Turkish, Spanish, and Chinese.

Remember to follow us on Twitter to get all the news as soon as possible.

Si desea conocer todo sobre criptomonedas y minería, solo necesita media hora para leer nuestro articulo: "What Is Bitcoin in Simple Terms: From Theory To Practice".

Hay tres pasos a seguir para comenzar a minar Bitcoin en casa: preparar su computadora, crear una billetera e iniciar la minería.

Saltarse cualquiera de estos pasos no le permitirá pasar al siguiente.

Requisitos del sistema

Puede usar cualquier computadora: de escritorio o portátil.

El sistema operativo Windows es el más sencillo de usar. No puedes minar en Mac OS, y si usas Linux, probablemente ya sepas cómo minar.

Puedes conectarte a Internet como quieras. Es importante tener una conexión estable, pero la velocidad, ya sea 100 Mbit/s o 512 Kbit/s, no importa. Puede conectarse a través de cable, WI-Fi o USB.

Minería con PC

Solo hay un requisito imprescindible: una buena tarjeta gráfica con al menos 6GB de RAM. Las tarjetas gráficas más asequibles que cumplen con los requisitos de minería son Nvidia 1060 6GB y AMD RX 480 8GB.

No es necesario aclarar que cuanto mejor la tarjeta gráfica, será más costosa y podrá brindar las mejores recompensas. Si deseas saber cuál tarjeta es la más rentable, sigue éste .

Algunas personas dicen que las PC no son para minar: su tarjeta gráfica y otras partes se romperían, perderían la garantía, etc. En realidad, no hay diferencia entre minar en una plataforma y en una PC. Ambos tienen las mismas partes: la placa base, el procesador, el sistema operativo, el disco duro y la tarjeta gráfica. La única diferencia es que los mineros montan de 6 a 8 o incluso más tarjetas gráficas en una computadora (a diferencia de una tarjeta gráfica en una PC normal) y dejan la carcasa abierta, generalmente también agregan algunos ventiladores para una mejor refrigeración.

Todas las tarjetas gráficas generalmente se venden con una garantía de dos años y el fabricante no puede revocarla si usa su GPU para minería en lugar de juegos.

Minería con laptop

Las cosas son un poco menos optimistas con las computadoras portátiles. Las tarjetas gráficas de los portátiles suelen ser menos potentes que las de los ordenadores de sobremesa. Para minar en una computadora portátil, existe el mismo requisito: una tarjeta gráfica con al menos 6 GB de RAM. No siempre es fácil encontrar una computadora portátil de este tipo. Sin embargo, en los últimos tres años vimos el lanzamiento de una gran cantidad de portátiles con GPU de 6 GB. Eche un vistazo a Dell G5-5590 con NVIDIA GeForce RTX 2060 o Lenovo Legion con 1660Ti Mobile.

Si planea usar mucho su computadora portátil para la minería, asegúrese de darle la refrigeración adecuada. Las partes de la computadora portátil se colocan cerca unas de otras dentro de una carcasa pequeña. Si una tarjeta gráfica se sobrecalienta, otras partes también se sobrecalentarán. Tarde o temprano es probable que se rompan.

¿Como crear una dirección de la billetera Bitcoin?

Este paso es crucial. Debes entender que en el negocio de las criptomonedas estás solo contra todo el mundo. Si pierdes tu billetera, nadie te va a ayudar. Perder una billetera de Bitcoin es como perder efectivo, si no peor. Es posible que a veces le devuelvan su dinero en efectivo, pero es imposible recuperar Bitcoin.

Instalemos la billetera Coinomi. No necesita compartir ninguna identificación o información personal para hacer eso. Hay muchas otras billeteras en el mercado, y esto no es un anuncio: Coinomi es solo una solución confiable. Está disponible en cualquier sistema operativo, incluidos Windows, Mac, Linux, iOS, Android.

No importa dónde instale su billetera: puede ser un teléfono inteligente o una PC. La billetera puede estar en la misma computadora que usas para minar o en cualquier otro dispositivo: no importa.

Digamos que decidiste instalar la billetera en Windows. Así es como debes proceder.

Descarga la versión de Windows.

Crea una nueva billetera eligiendo la opción Crear una nueva billetera.

Importante: Asegúrate de mantener a salvo tu frase de recuperación (frase mnemonica) escribiéndola en un papel. No sirven los dispositivos electrónicos, especialmente los conectados a Internet. Cuando sea necesario, podrás recuperar tu billetera utilizando esta frase.

Una vez más, es extremadamente importante: este conjunto de palabras es la clave de todo su dinero. Guárdelo en un lugar seguro y no se lo muestre a nadie. Incluso si elimina Coinomi de su computadora, podrá recuperar su billetera gracias a esta frase.

Aquí hay un ejemplo de una llamada frase mnemotécnica o semilla.

scout stomach push neither oak tumble spoon shine hope vessel garlic exhaust elite coconut clarify limit silent hard chronic any hire swarm dial morning

El siguiente paso es verificar si guardó su frase correctamente. Puede omitir este paso, pero le recomendamos verificar su frase mnemotécnica.

Crea tu contraseña de billetera. Asegúrese de elegir una segura: ‘qwertyasdfg’ no funcionará.

Coinomi es una billetera multicadena, lo que significa que puede almacenar otras monedas además de Bitcoin. En este caso, necesitamos Bitcoin. Coloque una marca junto a Bitcoin y haga clic en Siguiente para continuar.

Ya casi has terminado: encontremos la dirección de tu billetera. Haga clic en Bitcoin.

Luego en Recibir.

Ahora puedes ver la dirección de tu billetera. Continúa y cópialo: lo necesitarás para una configuración posterior.

Nuestra dirección Bitcoin es bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67.

Si estás instalando la billetera en un teléfono inteligente, debes seguir los mismos pasos. Aquí puedes encontrar capturas de pantalla de un iPhone.

Lo mejor de Coinomi es que puedes usar la misma billetera en varios dispositivos. Si cambias de smartphone o necesitas borrar todo de un PC, siempre puedes recuperar tu monedero en cualquier otro dispositivo.

Minería de Bitcoin en Windows

Descargua el archivo de inicio rápido del grupo 2Miners. Este archivo es completamente seguro: siempre puede encontrarlo en la página web del grupo.

Descomprime el archivo. La contraseña del archivo es 2miners
Sin mayúsculas ni puntos al final.

Abra la carpeta Configuración, luego vaya a la carpeta Nvidia o AMD, según la que tenga.

Haga click derecho en el archivo eth-pool.bat y elija editarlo con el Bloc de notas. Si no ve esa opción, primero abra el Bloc de notas y luego abra eth-pool.bat desde allí.

Copia la dirección de su billetera Bitcoin que creamos en el paso anterior: bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67, y péguala después de la palabra “usuario”, reemplazando la billetera indicada allí por defecto. Puedes conservar o eliminar la parte “.RIG_ID”, incluido el punto. Este es solo el nombre de tu plataforma y no afecta la rentabilidad de ninguna manera.

Guarda el archivo y luego ejecútalo.

La minería ha comenzado oficialmente ahora. Continuará mientras que mantengas abierto el programa de minería. Si lo cierras, siempre puedes ejecutar el archivo eth-pool.bat nuevamente para reiniciar la minería.

¿Cuánto puede ganar en un mes con la minería con una GPU?

Aún no hemos discutidos algunas cuestiones importantes, como: “Donde están mis Bitcoins? Como los obtengo? Cuando es el pago? Cuanto obtendré?”

Para encontrar tus estadísticas de minería, debes copiar la dirección de tu billetera: bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67, y pegarla en el cuadro de búsqueda en la parte superior de la página web del grupo 2Miners.com . Verás una página con tus estadísticas. Si no lo ves justo después de iniciar el programa de minería, es normal. Debes esperar de 5 a 10 minutos.

Puedes usar 2CryptoCalc para estimar cuánta criptomoneda puedes ganar. Digamos que tienes la Nvidia 2070. Ve al sitio web de la calculadora y coloca un “1” junto al nombre de esta tarjeta gráfica. A continuación puedes ver la rentabilidad minera de esta GPU: $ 1.85 (en el momento de escribir este artículo).

$ 1.85 por día es excelente, pero ¿cómo obtenerlo realmente? Hay un umbral de pago mínimo en el pool de minería. A partir de ahora, equivale a 0.005 ETH, que son $15 al tipo de cambio actual. Por lo tanto, debes minar durante aproximadamente una semana para obtener tu primer pago. Puedes monitorear el proceso en tu página de estadísticas en el sitio web del grupo.

Equipo de minería Ethereum o Bitcoin

Los mineros profesionales saben que ya no se puede minar Bitcoin en GPU. Y algunos de ustedes probablemente también notaron algo extraño. Por ejemplo, es posible que haya notado el ícono de Ethereum en lugar del de Bitcoin en la captura de pantalla de una calculadora de la sección anterior.

Entonces, ¿cuál es el truco aquí?

Ethereum es la criptomoneda más rentable para la minería GPU. El grupo de 2Miners tiene una función para intercambiar Ethereum a Bitcoin sin tarifas y pagarle en BTC.

Para ser claro, minas Ethereum y recibes pagos en Bitcoin. Es una excelente manera de obtener lo mejor de las dos criptomonedas más grandes del mundo.

¿Cuándo terminará la minería GPU?

Es posible que muchos de ustedes hayan escuchado que la minería de GPU terminará muy pronto. Estos rumores han existido durante los últimos cinco años. Los hechos, por su parte, prueban lo contrario. El poder minero crece constantemente en todo el mundo a pasos agigantados.

La minería de GPU alcanzó su punto más alto a principios de 2021, y nadie creía que habría aún más mineros en el futuro. Faltaban tarjetas gráficas en todo el mundo. Las fábricas no podían satisfacer la demanda. Sin embargo, ¡la cantidad de tarjetas gráficas dedicadas a la minería se triplicó en solo un año!

Esta vez, sin embargo, parece que la minería de GPU realmente puede dejar de ser rentable. Ethereum, la principal criptomoneda para la minería de GPU, planea cambiar de la minería de GPU al llamado mecanismo de consenso de prueba de participación en 2022. Nadie puede decir si realmente sucederá. En el peor de los casos, hay otras criptomonedas para extraer en GPU. Lea más sobre ellos en el artículo dedicado.

Comience a minar criptomonedas ahora, antes de que sea demasiado tarde. Trátelo como un experimento que le brindará una experiencia invaluable. Solo asegúrese de no invertir sus últimos ahorros en minería.

Las criptomonedas están creciendo en todo el mundo y este proceso parece ser irreversible. No te lo pierdas.

Recuerda seguirnos en Twitter para enterarte de todas las novedades lo antes posible.

If you want to learn everything about cryptocurrencies and mining, you just need half an hour to read this article: "What Is Bitcoin in Simple Terms: From Theory To Practice".

There are three steps to take to start mining Bitcoin at home: prepare your computer, create a wallet, and launch mining.

Skipping any of these steps won’t let you move to the next one.

System Requirements for Cryptocurrency Mining

You can use any computer: desktop or laptop.

Windows OS is the easiest to use. You can hardly mine on Mac OS. If you use Linux, you probably already know how to mine better than we do.

You can connect to the Internet however you want. It’s important to have a stable connection, but the speed, be it 100 Mbit/s or 512 Kbit/s, doesn’t matter. You can connect via cable, WI-Fi, or USB.

Mining on Desktop PC

There is only one essential requirement: a good graphics card with at least 6GB of RAM. The most affordable graphics cards that meet mining requirements are Nvidia 1060 6GB and AMD RX 480 8GB.

It goes without saying that the better the graphics card, the more it costs and the more profit it may bring. If you are curious which graphics card is the most profitable, follow this link.

Some people say that PCs are not for mining: its graphics card and other parts would tear, lose the warranty, etc. In reality, there is no difference between mining on a rig and on a PC. Both have the same parts: the motherboard, processor, operating system, hard drive, and graphics card. The only difference is that miners mount 6–8 or even more graphics cards to one computer (as opposed to one graphics card in a regular PC), and leave the case open, sometimes also adding a few fans for better cooling.

All graphics cards are usually sold with a two-year warranty, and the manufacturer can’t revoke it if you use your GPU for mining instead of gaming.

Mining on Laptop

Things are a bit less optimistic with laptops. Graphics cards in laptops are usually less powerful than in desktop computers. In order to mine on a laptop, there is the same requirement: a graphics card with at least 6GB of RAM. It’s not always easy to find such a laptop. However, in the last three years we saw the release of a large number of laptops with 6GB GPUs. Take a look at Dell G5-5590 with NVIDIA GeForce RTX 2060 or Lenovo Legion with 1660Ti Mobile.

If you plan to use your laptop a lot for mining, make sure to take care of proper cooling. Laptop parts sit close to each other inside a small case. If a graphics card overheats, other parts would overheat too. Sooner or later they are likely to break.

Get Bitcoin Wallet Address

This step is crucial. You should understand that in the crypto business you are alone against the whole world. If you lose your wallet, nobody is going to help. Losing a Bitcoin wallet is like losing cash, if not worse. You may get your cash back sometimes, but Bitcoin is impossible to get back.

Let’s install the Coinomi wallet. You don’t need to share any ID or personal information to do that. There are many other wallets on the market, and this is not an ad: Coinomi is just a reliable solution. It is available on any OS, including Windows, Mac, Linux, iOS, Android.

It makes no difference where you install your wallet: it can be a smartphone or PC. The wallet can be on the same computer that you use for mining or on any other device: it doesn’t matter.

Say, you decided to install the wallet on Windows. Here is how you should proceed.

Download the Windows version.

Create a new wallet by choosing the Create a new wallet option.

Important: Make sure to secure your wallet recovery phrase (mnemonic phrase) by writing it down on paper. Electronic devices won't do, especially those connected to the Internet. When needed, you will be able to restore your wallet by using this phrase.

Again, it’s extremely important: this set of words is the key to all your money. Store it in a safe place and don’t show it to anyone. Even if you delete Coinomi from your computer, you will be able to recover your wallet thanks to this phrase.

Here is an example of a so-called mnemonic or seed phrase.

scout stomach push neither oak tumble spoon shine hope vessel garlic exhaust elite coconut clarify limit silent hard chronic any hire swarm dial morning

The next step is to check whether you saved your phrase properly. You can skip this step, but we recommend checking your mnemonic phrase.

Create your wallet password. Make sure to choose a secure one: ‘qwertyasdfg’ won’t do.

Coinomi is a multi-chain wallet, which means it can store other coins apart from Bitcoin. In this case, we need Bitcoin. Put a mark next to Bitcoin and click Next to continue.

You are almost done: let’s find your wallet address. Click on Bitcoin.

Then Receive.

Now you can see your wallet address. Go ahead and copy it: you’ll need it for further setup.

Our Bitcoin address is bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67.

If you are installing the wallet to a smartphone, you should follow the same steps. Here you can find screenshots from an iPhone.

The best thing about Coinomi is that you can use the same wallet on multiple devices. If you change a smartphone or need to erase everything from a PC, you can always recover your wallet on any other device.

Bitcoin Mining on Windows

Download the Quick Start archive by the 2Miners pool. This archive is completely safe: you can always find it on the pool webpage.

Unpack the archive.The password to the archive is 2miners
No upper case and no dots at the end.

Open the Setup folder, then go to the Nvidia or AMD folder depending on which one you have.

Right-click on the eth-pool.bat file and choose to edit it with Notepad. If you don’t see such an option, then open Notepad first, and then open the eth-pool.bat from there.

Copy your Bitcoin wallet address that we created in the previous step: bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67, and paste it after the word “user” replacing a wallet indicated there by default. You can either keep or delete the “.RIG_ID” part including the dot. This is just your rig name, and it doesn’t affect profitability in any way.

Save the file and then run it.

Mining has officially started now. It will go on until you keep the mining program open. If you close it, you can always run the eth-pool.bat file again to relaunch mining.

How Much You Can Earn in a Month from Mining with One GPU

We still haven't discussed a few important questions, like: "Where is my Bitcoin? How do I get it? When is the payout? How much will I get?"

In order to find your mining stats, you need to copy your wallet address: bc1qzdnd377m8jl6t79xkph8vvt6fkx4a8ntrnxz67, and paste it in the search box at the top of the 2Miners.com pool webpage. You will see a page with your stats. If you don’t see it right after you launch the mining program, it’s normal. You should wait for 5–10 minutes.

You can use 2CryptoCalc to estimate how much cryptocurrency you can earn. Say, you have the Nvidia 2070. Go to the calculator website and put a “1” next to this graphics card name. Below you can see the mining profitability of this GPU: $1.85 (at the time of writing).

$1.85 per day is great, but how to actually get it? There is a minimum payout threshold in the mining pool. As of now, it is equivalent to 0.005 ETH, which is $15 at the current exchange rate. So you need to mine for about a week to get your first payout. You can monitor the process on your stats page on the pool website.

Ethereum or Bitcoin Mining Rig

Professional miners know that you can’t mine Bitcoin on GPUs anymore. And some of you probably noticed something strange as well. For example, you might have noticed Ethereum’s icon instead of Bitcoin’s in the screenshot of a calculator from the section above.

So, what’s the deal here?

Ethereum is the most profitable cryptocurrency for GPU mining. 2Miners pool has a feature to exchange Ethereum to Bitcoin without fees and pay you in BTC.

So to be clear, you mine Ethereum and get payouts in Bitcoin. It's a great way to make the most of the two major cryptocurrencies in the world.

When Will GPU Mining End?

Many of you might have heard that GPU mining is bound to end very soon. These rumors have been around for the last five years now. The facts, on the contrary, prove the opposite. Mining power is constantly growing all over the world by leaps and bounds.

GPU mining reached its all-time high at the beginning of 2021, and nobody believed that there would be even more miners going forward. Graphics cards were lacking around the world. The factories couldn’t keep up with the demand. However, the number of graphics cards engaged in mining increased three times in just one year!

This time though, it seems like GPU mining may really become unprofitable. Ethereum, the major cryptocurrency for GPU mining, is planning to switch from GPU mining to the so-called Proof-of-Stake consensus mechanism in 2022. Nobody can tell whether it’s really going to happen. Worst-case scenario, there are other cryptocurrencies to mine on GPUs. Read more about them in the dedicated article.

Start mining cryptocurrencies now, before it’s too late. Treat it as an experiment that will bring you priceless experience. Just make sure not to invest your last funds in mining.

Cryptocurrencies are getting bigger worldwide, and this process seems to be irreversible. Don’t miss out.

Remember to follow us on Twitter to get all the news as soon as possible.

2021 Year-end Results

Everybody noted the increasing interest in cryptocurrency mining this year. Our pool team is always trying to do its best to provide the best service for newcomers and for experienced professional miners.

Ethereum being the driver of GPU mining brought a lot of surprises this year. We survived the London hardfork and created the new payout system to save money for our miners performing the free payouts in the pool. More than 35 000 users already use payouts in Bitcoin and Nano.

The next year Ethereum developers plan to switch from POW to POS and we have already discussed the possible mining opportunities when this happens. Read What to Mine when Ethereum Goes POS

Ethereum Network Difficulty tripled in 2021. Unfortunately, this means that each GPU is generating now 3 times less ETH than it was doing at the beginning of the year. That is just crazy! More and more often our admins are sharing Ethereum Mining Profit Is Down. What Happened and What to Do? post with our miners.

The ETH network hashrate and mining difficulty growth was also possible thanks to the mining software developers who achieved the hashrate increase on so-called LHR Nvidia video cards. Our team has made our own tests using LHR GPUs on Gminer, T-Rex, and lolMiner.

The 2Miners pool is growing every month. Almost 120K miners are using 2Miners right now. We would like to thank you and wish you all the best in 2022!

Cryptocurrency Node Software Updates

As a multi-coin pool, we always monitor all the recent crypto node updates for 19 coin networks. This month Ergo network got a couple of problems which were finally fixed by the ERG developers team. BEAM wallet update caused problems for many users and crypto exchanges. We asked all of our miners to stop using the Coinex platform. Its developers failed to update the BEAM node and this caused problems for users. FIRO cryptocurrency also had an important update in December.

Please find below the list of the most important node updates in December.

• Beam Node 6.2.12495
• Ergo Protocol Reference Client 4.0.19
• Firo v0.14.9.2

ETH Big Blocks Are Back

December was full of extra rewards for the Ethereum miners. Our Ethereum pool got 53 ETH, 46 ETH, 39 ETH, 23 ETH blocks and many more. There was also 1 block with 51 ETH MEV included. The SOLO pool record for 1 block was almost 34 ETH!

Our pool uses PPLNS rewards system so all extra rewards are always paid to our miners.

2CryptoCalc Update

Now you could select your local currency on 2CryptoCalc.com
The website design has been also revised. Many minor fixes have been applied.

We welcome you to join our miner community on Telegram. It already has more than 11 000 users. We remind you that we also have local chats in Russian, Turkish, Spanish, and Chinese.

Remember to follow us on Twitter to get all the news as soon as possible.


Previously we tried unlocking Nvidia's LHR graphics cards using T-Rex. You can read about this experiment and its results in the dedicated article. And if you want to learn how to unlock LHR cards with Gminer, follow this link.


The Origins of LHR Graphics Cards. Nvidia RTX 3060

At CES in January 2021, NVIDIA announced the GeForce RTX 3060. This newest GeForce RTX graphics card was supposed to be released at the end of February 2021.

NVIDIA published the takeaways of the presentation on the official website on January 12, 2021, in the article titled “NVIDIA Ampere Architecture for Every Gamer: GeForce RTX 3060 Available Late February, At $329.”

You can read the full article by following the link.

Since the announcement of the GeForce RTX 3060, some media outlets published rumors about these GPUs being potentially limited in hash rate. In mid-February 2021, this information still hadn’t been confirmed.

On February 18, 2021, NVIDIA officially announced that they would halve the hash rate for the GeForce RTX 3060 in the article titled "GeForce Is Made for Gaming, CMP Is Made to Mine".

Exactly three months later, on May 18, 2021, NVIDIA published another article in their blog titled “A Further Step to Getting GeForce Cards into the Hands of Gamers.” The article talks about decreasing the hash rate on Ethash for the newly built GPUs: GeForce RTX 3080, 3070, and 3060 Ti, to make them less appealing for miners. These models became available at the end of May 2021 and were marked with a “Lite Hash Rate” or “LHR” identifier.

Right after this post, experts started actively discussing the term "LHR". You can read the full article here.

On May 31, 2021, NVIDIA announced the GeForce RTX 3080 Ti and GeForce RTX 3070 Ti. You can read the full announcement here.

NVIDIA didn’t make any official statement regarding LHR in these GPUs. However, rumors about their limited hash rate on Ethash started circulating even before the announcement. After the official release and testing, it was confirmed that the GeForce RTX 3080 Ti and GeForce RTX 3070 Ti had limited hash rate.

Test Rig Specs

The test rig consisted of the following parts:

• Motherboard: BIOSTAR Hi-Fi B85S2
• CPU: Intel Pentium G3220
• Display: Intel HD Graphics
• Memory: DDR3 SDRAM Kingston 4GB
• HDD: Seagate Barracuda 7200.12 160Gb
• PSU: EVGA 1000 GQ 80+ GOLD 1000W
• GPU: EVGA GeForce RTX 3080 Ti FTW3 ULTRA GAMING (1800 MHz Boost Clock, Memory Clock 19000 MHz (effective), TPD: 350 Watts)
• Two GPUs were connected to the motherboard, each through the riser PCI-E X16-X1.
• OS: Windows 10
• Nvidia’s driver: 471.68, 472.12
• Overclocking: MSI Afterburner 4.6.4 Beta 3
• Monitoring: GPU-Z

Testing was held indoors with the room temperature at +15 °C (59 °F).

We used PhoenixMiner to estimate the max hash rate for the RTX 3080 Ti on Ethash and Etchash algorithms. We launched the mining program on our rig with the following GPU settings: PL(%): 70, CC(MHz): +0, MC(MHz): +1000.

Right after the launch, the program estimated a hash rate on Ethash at ~116 Mh/s, but after two minutes it settled at ~64 Mh/s.

Thanks to pretesting, we estimated a potential hash rate, without LHR lock, on Ethash and Etchash and confirmed that LHR lock leads to a ~45% hash rate decrease.

Testing lolMiner on Nvidia LHR

lolMiner is a popular mining program created by the developer known as Lolliedieb. lolMiner’s first version was released on October 28, 2018, and it supported only AMD graphics cards and a limited number of mining algorithms. Today the miner is being actively developed, and it supports a lot of algorithms: Ethash, Etchash, ZelHash, Equihash, Cuckoo, Cuckaroo, Cuckatoo, Autolykos, and BeamHash.

The miner supports NVIDIA and AMD and works on Windows and Linux.

lolMiner’s developers constantly keep in touch with their users on popular platforms and through social media channels.


Github: https://github.com/Lolliedieb/lolMiner-releases/releases
Telegram: 2Miners pool chat


We used lolMiner 1.32a to estimate the max hash rate for the RTX 3080 Ti with LHR lock on Ethash. Then we launched the mining program on our rig with the following GPU settings: PL(%): 55, CC (MHz): +0, MC (MHz): +1000.

The miner estimated a hash rate on Ethash at ~63 Mh/s. Memory Controller Load, GPU Load, and Board Power Draw charts were stable, without significant leaps. Memory Controller Load was 66%.

Then we launched the mining program on our rig with the following GPU settings: PL(%): 55, CC (MHz): +0, MC (MHz): +1300.

The miner estimated a hash rate on Ethash at ~65 Mh/s. Memory Controller Load, GPU Load, and Board Power Draw charts were stable, without significant leaps. Memory Controller Load was 66%.

As a result, we estimated the hash rate and confirmed that the GPU hash rate with LHR lock is ~64–66 Mh/s.

It's important to note that MSI Afterburner indexes GPUs starting from GPU 1, whereas in the log file and mining program GPUs are indexed starting from GPU 0. In this article we indicate graphics cards as GPU 1 and GPU 2 most of the time, apart from a few occasions when we mention the data from the log file or the mining program.

LHR Unlock with lolMiner 1.32a

On September 12, 2021, the developers announced lolMiner 1.32a. This was the first version with the partial LHR unlock. It featured new miner parameters and operating modes.

You can download the miner and learn more about it here.

Click here to open the setup guide for different operating modes: “Nvidia Mode Switch & LHR Semi Unlock”.

The description of this miner version says that the developers ran most pre-release tests on Linux systems with specific video drivers. However, we decided to test the miner on Windows.

After reading the Nvidia Mode Switch & LHR Semi Unlock guide, we chose the best modes for our test rig: LHR2 and LHRLP.

mode LHR2

We launched the mining program on our rig with the following GPU settings: PL(%): 70, CC(MHz): +0, MC(MHz): +1200.

Bat file:

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --mode LHR2 --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti_mode_LHR2.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,coreClk,memClk,fanPct
pause

The miner estimated a hash rate on Ethash at ~50 Mh/s. The hash rate didn’t grow. Memory Controller Load, GPU Load, and Board Power Draw charts, as well as other Power charts, showed slight parameter instability. Memory Controller Load was 66%.

After reviewing the log file, we established that LHR lock got activated at the DAG generation stage:

GPU 0: detected mining lock - attempting to improve performance...
GPU 1: DAG build complete 100%
GPU 1: DAG generation completed (3446 ms)
GPU 1: DAG verification passed
GPU 1: detected mining lock - attempting to improve performance...

The text of the log file didn’t contain ‘Unlock’.

Then we ran a few more tests in LHR2 mode fixing the frequency and voltage. We used the Voltage/Frequency Curve Editor in MSI Afterburner. We failed to unlock LHR with Nvidia’s drivers 471.68, so we decided to install Nvidia’s drivers 472.12 to the rig.

During most tests the miner remained unstable, but we managed to get decent results by trial and error. Here is how we did it.

We launched the mining program on the rig with the following GPU settings: PL(%): 80, CC (MHz): -502 fix Voltage(mV) 825, MC (MHz): +1000.

Bat file:

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --mode LHR2 --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti_mode_LHR2.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,coreClk,memClk,fanPct
pause

GPU1: CC value settled at 1050 MHz. Two minutes after the miner launch the hash rate was ~82 Mh/s.

GPU2: CC value settled at 1095 MHz. Two minutes after the miner launch the hash rate was ~82 Mh/s.

After one hour of operation the miner showed a hash rate of ~76–78 Mh/s.

mode LHRLP

After reviewing the log file, we established that LHR lock got activated 7 times for each GPU in the first 25 minutes of operation. Then the hash rate settled.

Memory Controller Load, GPU Load, and Board Power Draw charts, as well as other Power charts, showed slight parameter instability. Memory Controller load was 88–100%.

Then we ran a few tests in LHRLP mode both fixing and not fixing the frequency and voltage. We used the Voltage/Frequency Curve Editor in MSI Afterburner. During most tests the miner remained unstable, but we managed to get decent results.

We launched the mining program on the rig with the following GPU settings: PL(%): 80, CC (MHz): -502 fix Voltage(mV) 825, MC (MHz): +1000.

Bat file:

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --mode LHRLP --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti_mode_LHRLP.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,coreClk,memClk,fanPct
pause

GPU1: CC value settled at 1050 MHz. Two minutes after the miner launch the hash rate was ~82 Mh/s.

GPU2: CC value settled at 1095 MHz. Two minutes after the miner launch the hash rate was ~82 Mh/s.

After one hour of operation the miner showed a hash rate of ~78–80 Mh/s.

After reviewing the log file, we established that LHR lock got activated 4 times for each GPU in the first 19 minutes of operation. Then the hash rate settled.

Memory Controller Load, GPU Load, and Board Power Draw charts, as well as other Power charts, showed slight parameter instability. Memory Controller load was 88–100%.

With the release of the new miner version, we stopped further testing.

Conclusion: lolMiner 1.32a can partially unlock LHR. The miner shows a hash rate of ~78–80 Mh/s which is ~67–69% of the potential max hash rate.

The description of the release says the following: “Recommended drivers for LHR2 and LHRLP: 470.63.01 or 465.31 — others could be more unstable. Most tests were done in Linux.”

2Miners recommends Linux-based mining systems for this miner version to ensure stable operation.

LHR Unlock with lolMiner 1.33

On October 1, 2021, lolMiner 1.33 was announced. In this version the developers worked on LHR unlock. They improved LHR unlock performance and recommended specific drivers.

Click here to download the miner and read about its features.

We launched the mining program on our rig with the following GPU settings: PL(%): 70, CC(MHz): +0, MC(MHz): +1200.

Bat file:

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,coreClk,memClk,fanPct
pause

In the first 4 minutes of operation, the miner was “calibrating to your exact core and memory clocks”. Here is what these notifications look like in the log file:

GPU 1: please wait LHR semi-unlock calibration is ongoing...
GPU 0: please wait LHR semi-unlock calibration is ongoing...

If LHR lock is activated during mining, the miner lowers the lhrtune parameter when unlocking LHR:

GPU 1: detected mining lock. Unlocking & reducing --lhrtune parameter...
GPU 1: GPU will be paused to make sure it is unlocked...
GPU 0: detected mining lock. Unlocking & reducing --lhrtune parameter...
GPU 0: GPU will be paused to make sure it is unlocked...

The duration of the test was 30 hours and 33 minutes.

After reviewing the log file, we established that LHR lock got activated 4 times for each GPU in 26 hours of operation.

GPU Load and Board Power Draw charts, as well as other Power charts, showed slight parameter instability. GPU1’s Memory Controller Load chart was stable, while GPU2’s Memory Controller Load chart was significantly unstable.

Below is the Stats page of the pool with the results of the miner operation.

Based on the number of shares sent to the pool, we estimated the hash rate after 30.55 hours of the miner operation. Initial data for two GPUs: 2051 shares in 30.55 hours, share difficulty is 8726 M. We multiplied the number of shares per second by share difficulty and got 162.7 Mh/s. This is a hash rate of two GPUs, so a hash rate of one GPU is ~81.36 Mh/s. We can also estimate the hash rate per GPU taking into account the number of shares solved by each GPU (GPU1: 1034, GPU2: 1017): GPU1 – ~82.04 Mh/s, GPU2 – ~80.69 Mh/s.

We recommend extending the testing period to get statistically correct results: each card should send over 5000 shares to the pool.

Conclusion: lolMiner 1.33 can partially unlock LHR. The miner shows a hash rate of ~81 Mh/s which is ~70% of the potential max hash rate. In the description of the release you can find specific video drivers recommended for each GPU for the optimal stability.

LHR Unlock with lolMiner 1.34

On October 18, 2021, lolMiner 1.34 was announced. In this version the developers improved the LHR unlock feature, recommended specific drivers, and fixed previously discovered errors. You can find the –lhrtune value and the number of LHR locks in the summary stats chart in the mining program or in the log file.

Click here to download the miner and read about its features.

We launched the mining program on our rig with the following GPU settings: PL(%): 70, CC (MHz): +0, MC (MHz): +1000.

Bat file.

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,coreClk,memClk,fanPct
pause

The duration of the test was 2 hours and 33 minutes. In the first 4 minutes of operation, the miner was calibrating “LHR semi-unlock”. LHR lock got activated once. Board Power Draw charts, as well as other Power charts, were slightly unstable. GPU Load and Memory Controller Load charts were stable. The miner showed a hash rate of ~82 Mh/s.

We tried increasing the memory clock.

We launched the mining program on our rig with the following GPU settings: PL(%): 70, CC (MHz): +0, MC (MHz): +1200.

The bat file is the same.

It resulted in the constant activation of LHR lock for GPU2. GPU1’s GPU Load and Board Power Draw charts, as well as other Power charts, showed slight parameter instability. GPU1’s Memory Controller Load chart was stable. GPU2’s charts were significantly unstable.

We lowered GPU2’s memory clock. We launched the miner with the following GPU settings:

GPU1: PL(%): 70, CC (MHz): +0, MC (MHz): +1200.
GPU2: PL(%): 70, CC (MHz): +0, MC (MHz): +1000.

Bat file.

The duration of the test was 61 hours and 30 minutes.

After reviewing the log file, we established that LHR lock got activated 3 times. Board Power Draw charts, as well as other Power charts, were slightly unstable. GPU Load and Memory Controller Load charts were stable.

Below is the Stats page of the pool with the results of the miner operation.

Based on the number of shares sent to the pool, we estimated the hash rate after 61.5 hours of the miner operation. Initial data for two GPUs: 4089 shares in 61.5 hours, share difficulty is 8726 M. We multiplied the number of shares per second by share difficulty and got 161.2 Mh/s. This is a hash rate of two GPUs, so a hash rate of one GPU is ~80.58 Mh/s. We can also estimate the hash rate per GPU taking into account the number of shares solved by each GPU (GPU1: 2090, GPU2: 1999): GPU1 – ~82.37 Mh/s, GPU2 – ~78.79 Mh/s.

We recommend extending the testing period to get statistically correct results: each card should send over 5000 shares to the pool.

Conclusion: lolMiner 1.34 can partially unlock LHR. The miner shows a hash rate of ~80 Mh/s which is ~69% of the potential max hash rate.

In the description of the release you can find specific video drivers recommended for each GPU for the best stability.

LHR Unlock with lolMiner 1.36

On November 15, 2021, lolMiner 1.36 was announced. This version performs better on some GPUs, the developers modified auto-tuning and fixed previously discovered errors.

Click here to download the miner and read about its features.

We launched the mining program on our rig with the following GPU settings:

GPU1: PL(%): 70, CC (MHz): +0, MC (MHz): +1200.
GPU2: PL(%): 70, CC (MHz): +0, MC (MHz): +1000.

Bat file:

lolMiner.exe --algo ETHASH --pool eth.2miners.com:2020 --user WALLET_ADDRESS.RIG_3080Ti --tstop 70 --tstart 50 --log on --logfile log_lolMiner_RIG_3080Ti.txt --timeprint on --longstats 30 --statsformat gpuName,speed,poolHr,shares,sharesPerMin,bestShares,power,hrPerWatt,coreT,juncT,memT,lhrinfo,coreClk,memClk,fanPct
pause

The duration of the test was 27 hours and 23 minutes. After reviewing the log file, we established that LHR lock got activated 9 times. Board Power Draw charts, as well as other Power charts, were slightly unstable. GPU Load and Memory Controller Load charts were stable.

Below is the Stats page of the pool with the results of the miner operation.

Based on the number of shares sent to the pool, we estimated the hash rate after 27.38 hours of the miner operation. Initial data for two GPUs: 1860 shares in 27.38 hours, share difficulty is 8726 M. We multiplied the number of shares per second by share difficulty and got 164.6 Mh/s. This is a hash rate of two GPUs, so a hash rate of one GPU is ~82.32 Mh/s. We can also estimate the hash rate per GPU taking into account the number of shares solved by each GPU (GPU1: 973, GPU2: 887): GPU1 – ~86.13 Mh/s, GPU2 – ~78.51 Mh/s.

We recommend extending the testing period to get statistically correct results: each card should send over 5000 shares to the pool.

Conclusion: lolMiner 1.36 can partially unlock LHR. The miner shows a hash rate of ~82 Mh/s which is ~71% of the potential max hash rate.

Final Conclusions and Suggestions

lolMiner offers a working solution to unlock LHR graphics cards. Thanks to lolMiner, you can partially unlock LHR. Depending on the miner version, you can get a hash rate of ~78–82 Mh/s on Nvidia 3080 Ti LHR, which is ~67–71% of the potential max hash rate.

lolMiner 1.34 and lolMiner 1.36 produced the most stable results during tests giving out the highest hash rate.

Please note that we got different results when testing the same GPU models with the same settings. It means that each graphics card must be set up separately.

We didn’t test GPUs with extreme settings. For example, your GPUs might work well with higher clocks.

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RVN is one of the most popular coins for mining, preceded only by Ethereum (ETH) and Ethereum Classic (ETC) by the number of miners. The cryptocurrency belongs to the Proof-of-Work consensus algorithm and uses a hybrid algorithm (Kawpow) that engages both GPU core and GPU memory.

We recommend mining RVN in the 2Miners pool. As of now, more than 22 thousand users mine this coin in the pool.

Ravencoin uses KAWPOW mining algorithm which is considered hot. It heavily depends on GPU overclocking and power limit (PL).

Is GPU Overclocking for Ravencoin and Firo Mining Different?

On October 26, 2021, Firo performed a hard fork that resulted in switching from MTP to the new algorithm called FiroPoW.

We wrote about it in the dedicated article titled “Firo (ZCoin) Hard Fork. New Algorithm – FiroPoW. How to Prepare?”

FiroPoW is a modified version of ProgPoW. The same goes for KawPoW used for RVN mining.

As a result, these two algorithms, FiroPoW and KawPoW, are both ProgPoW’s modifications. They are so similar that the overclocking principles are the same for both. Even though this article is about RVN mining, you can easily use it to overclock GPUs for FiroPoW to mine Firo.

How to Overclock GPUs for Ravencoin Mining

If you want to overclock your video cards, you should be ready to experiment. One of the factors to consider is the cost of electricity. Apart from the average optimal overclocking parameters, we can apply hard undervolting that results in only 80% of an average hash rate but decreases GPU power consumption by 33–39%. And we can almost always do the contrary: gain 10–15% of hash rate but increase power consumption by 22–30%.

It’s important to note that profitability calculators always indicate certain average optimal overclocking parameters for each model applicable to most GPUs. However, experienced miners should know the minimum and maximum capacity for each of their GPUs.

For example, the RTX 2070S can give out 17.05 MH/s consuming 89 W (5.22 W per MH/s), but it can also give out 20.88 MH/s consuming 121 W (5.8 W per MH/s). And if your electricity is super cheap, you can even overclock this graphics card to 26.05 MH/s consuming 209 W (8 W per MH/s). In this case, a good GPU cooling setup is a must.

In the table below you can see some of the most interesting overclocking scenarios and RVN mining hash rates on different NVIDIA graphics cards.

We used T-rex 0.24.2 to get the data. We are going to update the table when we test new GPUs or when better performing mining software comes out.

GPU Overclocking for Kawpow Algorithm

When mining this algorithm, basically all GPU overclocking parameters affect GPU hash rate. So you should overclock everything. But if you are going to overclock all at once, you won’t know where the problem is in case your GPU becomes unstable.

So you should overclock gradually.

Step 0. Before overclocking, calculate the algorithm profitability using 2CryptoCalc. Then write down how much you pay for 1 kWh of electricity.

As a result, you will be able to estimate overclocking efficiency allowing for electricity cost. Now you can use these values to decide what GPU power consumption level is reasonable for you.

Step 1. Find the max stable memory clock.

Move the memory clock up at +50 MHz intervals until you reach the max stability. Move one step down.

Important: When GPUs get hot, GPU memory chips get hot as well which brings overclocking stability levels down.

Another important thing to remember is that you don’t need to activate the pill for the 1080 and 1080ti. At a fixed PL rate it won’t give you additional hash rate, but it will destabilize overclocking.

Step 2. Core overclocking.

If you mine using Windows, set the core voltage in MSI Afterburner. It will make overclocking more stable and increase the max energy efficiency.

Move the core clock up at +25 MHz intervals, find the max stable value, move one step down.

If you have a multi-rate electricity meter and you want to automatically switch to the cold mode at a higher electricity rate and overclock GPUs at a lower electricity rate, you should overclock the core in all set points.

You should start with the highest voltage point. Remember that the higher the core voltage the less you can overclock. The max overclocking of the same graphics card at 950 mV is +125 MHz, at 800 mV – +175 MHz, at 700 mV – even +225 MHz, especially for the RTX 30xx series.

In this case you should leave a margin for the higher voltage points moving 50 MHz down. This is a range where GPUs become most unstable, and if the driver crashes, all set points get erased.

RVN & Ethereum Dual Mining

Modern GPU memory can easily store the data needed to mine two cryptocurrencies at the same time. However, they would compete against each other for memory and core, so the resulting hash rate would mostly depend on the intensity of each algorithm.

Note that Windows 10 consumes excessive GPU memory amounts on all GPUs. Dual mining is impossible on GPUs with only 8GB of RAM, but it is possible if you use Windows 7 or Linux-based OS for mining.

In reality, considering that Ethereum is the most profitable cryptocurrency for mining in the world, dual mining in 2020–2021 has turned out to be inefficient on GPUs without LHR lock.

For example, the RTX 2070 Super can mine just one algorithm and give out 40+ MH/s consuming 93 W in the case of Ethereum. If GPUs can hold a memory clock at 7800, they can give out even 42–43 MH/s. When mining Ravencoin, you can get 21 MH/s at a lower consumption rate of 121 W and 26 MH/s at a higher consumption rate of 200 W.

If you dual-mine algorithms with different intensity, you can get 16.5 MH/s for ETH and 16.5 MH/s for Ravencoin consuming 200 W of power. It’s almost 40% for Ethereum and almost 70% for RVN.

It’s easy to notice that in the last two years you almost always get more profit if you mine just one coin – Ethereum. It also consumes much less power.

Note that we used different mining programs for testing so that we could adjust the intensity of each coin. The resulting values might not be the highest possible.

If you have LHR graphics cards, in theory you can try dual mining, even though you won’t see a significant increase in profit. This option only makes sense if your electricity rates are low.

More on the topic: “T-Rex Miner Fully Unlocks NVIDIA LHR Graphics Cards: True or False? Test Results.”

RVN Mining on Nvidia RTX 30хх

As you can see, RVN mining hash rate is usually half of that of ETH in megahashes.

The RTX 30хх series, as well as the 20хх, feature extremely fast memory that can transmit large amounts of data and uses extremely high clocks. In this case data bus becomes a bottleneck.

That’s why GPUs with identical data buses have similar mining hash rates. Some examples are: the 3060ti and 3070, or the 2060S, 2070, and 2070S.

After the 30xx release GPU cores became more powerful and the memory became even faster, but the data bus size remained the same. So it’s doesn’t make much sense to overclock the core: RVN mining hash rate on the 3070 can’t go above 30–33 MH/s. On the other hand, power consumption will go up. So to achieve the maximum energy efficiency on the RTX 3070 or RTX 3060ti when mining RVN and ETH, you need to fully overclock memory and lower core clock as much as possible.

It depends on memory overclocking: you can get 31 MH/s at a memory clock of 8200 MHz.

For the same reason dual mining on GPUs without LHR is useless. Mining RVN+FIRO, RVN+ETH, RVN+ERGO, etc., on the same graphics card can’t bring you more profit than mining one coin at a time.

Conclusion. Is Ravencoin Mining Profitable?

Today RVN mining is already one of the best mining options besides Ethereum. Considering upcoming changes due to Ethereum’s plans to abandon GPU mining, Ravencoin mining can be considered a promising alternative. Plus, Ravencoin offers a wide range of options to identify the desired mining energy efficiency even within one GPU model.

It is unknown how much time is left until Ethereum fully shifts to PoS. But you should already start checking how well your graphics cards can mine alternative coins and learning more about potentially stable hash rate/performance ranges for different overclocking settings.

Join our Telegram chat and follow us on Twitter to get all the news as soon as possible.

100 000 Miners Online

We’ve reached a new important milestone. More than 110K users are mining in 2Miners pools of which more than 70 thousand users are mining Ethereum and more than 20 thousand users are mining Ravencoin.

This was also possible thanks to our new payout system in Ethereum pools that allows our users to get the payouts not only in Ethereum (ETH) but also in Bitcoin (BTC) and NANO. There are already almost 30K miners who have chosen BTC/NANO payments in the Ethereum pool. Read the manual how to use this new system in English, Turkish, Chinese, Spanish, Russian, and Farsi.

Meanwhile, the gas prices are still very high in the Ethereum network. We rarely see them going below 100 gwei. Therefore we’ve decided to keep the maximum gas price at 135 gwei level to guarantee seamless payouts to our miners. We hope it decreases in the nearest future so we could reduce the maximum gas price limit.

Cryptocurrency Node Software Updates

This month was full of updates for multiple coins presented on 2Miners.com. Here is the list of the most important node updates in November.

• Ethereum (ETH) Geth v1.10.12-stable-950ec1cc/linux-amd64/go1.17.3
• Nervos (CKB) 0.101.1 (fb1e5dd 2021-10-27)
• Horizen (ZEN) 3.0.2
• Cortex (CTXC) 1.10.29-stable-27b3d7b8
• Beam (BEAM) 6.1.12023

We remind you that you could always monitor the Ethereum Node version and status on the Network page.

Dashboard Redesign

We are constantly working to provide you with the best possible user experience. This month we’ve updated the dashboards (statistics pages). These are the most important changes.

• Daily reward information was added to the Luck chart on the blocks page.
• Daily MEV Reward was added to the Luck chart on the pool blocks page for the Ethereum pool.

The statistics page of each miner now shows these new values.

• Estimated daily profit.
• Valid share rate.
• Rewards are shown in $.
• Offline workers (if exist) are shown next to the online workers.

New Mining Software

Quick start archive with mining software has been updated. Archive password – 2miners

• t-rex 0.24.7
• gminer 2.72
• lolminer 1.36a
• teamredminer 0.8.6.3

The archive includes ready-to-go versions of the mining software set to the 2Miners pool. All you need to do is to edit the bat file and change the default wallet address to your personal wallet address.

Ergo Update

Ergo mining software stores a special data table in the video card memory (analog of DAG-file in the Ethereum network). This data table size was 2.08 GB.

Starting from block 614 400 (November 7) the table size increases to 2.18 GB. From this moment on it also starts to increase 5% each 51 200 blocks (79 days). 3GB video cards could mine ERGO without any notable hashrate loss till the beginning of 2023. In May 2023 data table size will exceed 3 GB. Most likely 3 GB GPUs would be able to mine even later but in limited modes with the reduced hashrate.

Please pay attention that you may need to adjust your overclocking settings.

If you use lolMiner or TeamRedMiner mining software you need to use the latest versions to continue mining ERGO. Bat-file settings remain unchanged. If you use T-rex you don’t need to do anything. You are all set.

The latest versions of the mining software could be found in our Quick Start Archive.

Pool: erg.2miners.com
Solo: solo-erg.2miners.com

We welcome you to join our miner community on Telegram.

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دیگر نگران کارمزد پرداخت های روزانه نباشید. از الان می توانید پرداخت های روزانه 1.75 دلاری استخر اتریوم را بدون کارمزد دریافت کنید.

این مقاله از بلاگ توسط عضو جامعه ماینرهای

2Miners آقای سپهر هاشمی (Mownten@) به زبان شیرین پارسی ترجمه شده است.

ماینرهای اتریوم از هارد فورک لندن درامدشان کمتر شده است

طی ماه های گذشته، پس از ارتقا لندن در شبکه اتریوم، مشکلات دائمی با تراکنش ها وجود داشته است. کارمزد تراکنش ها خیلی زیاد است و تراکنش ها اغلب با تاخیر انجام می شوند.

90 دلاری، می بایست7.5 دلار بپردازد که تقریبا 10 درصد از سود وی می باشد. نه تنها خیلی زیاد است، بلکه بسیاری از ماینرها می خواهند هر هفته یا حتی زودتر تقاضای برداشت بکنند.

شبکه اتریوم مدت ها است که با کارمزد بالای تراکنش بین آدرس ها مشکل دارد. قبلا به استخرهای ماینینگ مربوط نمی شد: آنها می توانستند خودشان تصمیم بگیرند که کدام تراکنش ها و کارمزدها را در بلوک های خود لحاظ کنند و کدام را حذف کنند. اکنون استخرهای ماینینگ مزیتی نسبت به دیگری ندارند. آنها مجبورند که پرداختی را به قیمت بازار به ماینرها بفرستند.

در زمان نگارش این مقاله، کارمزد تراکنش اتریوم 10 دلار برای هر تراکنش است.

این امر به دلیل بارگذاری شبکه اتریوم اتفاق می افتد. قرار بود ارتقای لندن این مشکل را حل کند، اما فقط وضعیت را بدتر کرد. هنگامی که معاملات زیادی در صف وجود دارد، قیمت پایه گس افزایش می یابد. مقاله اختصاصی: گس در اتریوم چیست؟ کارمزدهای .تراکنش اتریوم

در مورد قراردادهای هوشمند، که به طور گسترده توسط صرافی های رمزارز و ارائه دهندگان کیف پول آنلاین استفاده می شود، هزینه هر تراکنش تا مقصد نهایی حتی بیشتر نیز هست: حداکثر بین 20 تا 30 دلار.

به عنوان یک استخر ماینینگ، تنها کاری که می توانیم انجام دهیم این است که حداکثر قیمت گس را که برای ارسال پرداختی ها می پردازیم را محدود کنیم تا بخش قابل توجهی از سود ماینرهای ما به پای کارمزدها نسوزد. در حال حاضر، حداکثر قیمت گس ما یکصد Gwei است، بنابراین یک ماینر بیش از 7.60 دلار برای ارسال یک پرداختی به یک آدرس استاندارد پرداخت نمی کند.

پرداختی های تاخیری به ماینرهای اتریوم

کارمزدهای بالای تراکنش در اتریوم منجر به مشکل دوم می شود: پرداختی ها دیر می رسند. آنها همیشه تاخیر ندارند: فقط در روزهایی که شبکه اتریوم بیش از حد از لحاظ بارگذاری سنگین باشد، چنین اتفاقی می افتد. متاسفانه، شبکه تقریبا بی وقفه بارگذاری می شود و ما فکر نمی کنیم که به سمت بهتر شدن نیز تغییر کند. تعداد کاربران فعال دنیای رمزارز به طور مداوم در حال افزایش است.

در نتیجه، این امر به ماینر ها آسیب می رساند. این استخر فقط زمانی پرداختی ها را ارسال می کند که کارمزد تراکنش به سطح قابل قبولی برسد: یعنی زیر 7.6 دلار در هر تراکنش. مابقی زمان را ماینرها باید منتظر پرداخت های خود باشند به این امید که قیمت گس اتریوم کاهش بیابد.

بیایید به نمودار قیمت گس در هفته اول اکتبر نگاهی بیندازیم. در نظر داشته باشید که استخر محدودیت یکصد Gwei را تنظیم می کند. نمودار را تقریبا می توان به دو بخش تقسیم کرد: 3 روز به سمت چپ (2 تا 4 اکتبر) در زمانی که استخر طبق معمول پرداخت را انجام می دهد، و 4 روز به سمت راست (5 تا 8 اکتبر) در زمانی که پرداخت استخر با تاخیر انجام می شود.

کاربران همیشه از این موضوع گله و شکایت دارند، اما چه کنیم؟ ما فقط می توانیم محدودیت گس را حتی بیشتر افزایش دهیم. آن وقت یک تراکنش چقدر هزینه خواهد داشت؟ 20 دلار؟ 30 دلار؟ که مسلما غیر قابل قبول است. اکثر ماینرها از چنین تصمیمی استقبال نمی کنند و باید به دنبال منابع درامد دیگری باشند. آنها نمی توانند فقط استخر را برای استخراج تغییر دهند، زیرا همه استخرها همین مشکل را دارند.

استخر 2Miners مشکلات پرداختی را حل می کند

شما یک ماینر کوچیک با یک کارت گرافیک هستید و می خواهید همین امروز و بدون پرداخت کارمزد های دیوانه کننده شبکه اتریوم، پاداش خود را دریافت کنید. چگونه می توانید این کار را انجام بدهید؟

یک کار منطقی این است که از طریق شبکه رمزارز دیگری که همه این مشکلات را ندارد، پرداخت ها را انجام دهید. بنابراین ما کارمزد تراکنش ها و سرعت عملیات سکه های محبوب را بررسی کردیم. نانو (علامت: NANO) مناسب ترین رمزارز برای این کار است. نانو چیست؟

در حین نگارش این مقاله، نانو در بین تمامی رمزارزها از نظر ارزش بازار در رتبه 113 قرار دارد.

مزیت اصلی ارز نانو تراکنش های فوری و کاملا رایگان است.

نانو در بسیاری از صرافی های رمزارز معامله می شود. حجم معاملات روزانه بیش از 15 میلیون دلار است. هنگامی که استخر به شما پول پرداخت می کند، می توانید نانو را در هر زمان با هر رمزارز (حتی اتریوم) مبادله کنید. در نهایت، از این طریق حتی اتریوم بیشتری نسبت به پرداخت مستقیم در اتریوم خواهید داشت. پرداخت های استخر در نانو هیچ هزینه ای برای شما ندارد. استخر اتریوم ما هم اکنون می تواند پرداختی ها را با نانو بپردازد.

ما درک می کنیم که ممکن است از تصمیم ما شگفت زده شوید، زیرا به این سکه اعتماد ندارید. به همین دلیل است که ما به راه حل دیگری رسیدیم: پرداخت به بیتکوین. چه چیزی بهتر از بیتکوین؟ بر خلاف نانو، بیتکوین به کارمزد تراکنش نیاز دارد، اما بسیار کمتر از کارمزد اتریوم است.

پرداختی های رایگان با نانو برای ماینرهای اتریوم

الان حتی اگر فقط یک کارت گرافیک داشته باشید، می توانید هر روز به صورت رایگان در استخر اتریوم پرداختی ها را دریافت کنید. همچنین، Nicehash و دیگر پلتفرم های اجاره ای ماینینگ نیز پشتیبانی می شوند.

چطور کار می کند؟

پس از رسیدن به آستانه پرداخت تعیین شده توسط ماینر، استخر به طور خودکار اتر کسب شده توسط ماینر را به نانو مبادله می کند. ما در حال حاضر از صرافی های رمزارز مانند کراکن و بایننس استفاده می کنیم. رمزارزها همیشه با قیمت بازار مبادله می شوند.

مثلا آستانه پرداخت شما 0.0005 اتر (تقریبا 1.75 دلار) است. شما 0.0006 اتر (2.1 دلار) جمع آوری می کنید که روند پرداختی شما را به جریان بیندازد. استخر 0.0006 اتر (2.1 دلار) شما و سکه های سایر ماینرها را به صرافی ارسال می کند و آنها را با قیمت بازار به نانو تبدیل می کند. در نتیجه، بدون از دست دادن یک قران از پولتان، معادل 0.0006 اتر (2.1 دلار) در کیف پول خود نانو خواهید داشت.

در ابتدا، ما نمی خواستیم یک آستانه پرداخت برای پرداخت های نانو تعیین کنیم. به عنوان مثال، شما 0.0001 نانو در یک روز (کمتر از 0.0005 دلار به نرخ ارز فعلی) کسب می کنید. ما می دانیم که بسیاری از کاربران مستقیما سود ماینینگ خود را به کیف پول درون صرافی ارسال می کنند. صرافی ها اغلب دارای آستانه سپرده هستند. به عنوان مثال، حداقل سپرده در صرافی کراکن معادل 0.1 نانو است. به همین دلیل است که ما آستانه ای را برای پرداخت ها در نانو در استخر تعیین می کنیم: معادل 0.0005 اتر (تقریبا 1.75 دلار). حتی ضعیف ترین کارت گرافیکی که اتریوم را استخراج می کند، می تواند حداقل مورد نیاز را در یک روز جمع کند.

تنظیمات

1. یک- یک کیف پول نانو دسکتاپ یا موبایل دریافت کنید یا یک آدرس نانو در یک صرافی رمزارز ایجاد کنید. بهترین کیف پول Natrium است. بهترین صرافی ها نیز بایننس و کراکن و کوکوین هستند.- ایرانی های عزیز بدلیل شرایط تحریم ها و محدودیت ها، در انتخاب صرافی می بایست دقت لازم را به کار بگیرند و برای جلوگیری از هر مشکل احتمالی، حداقل از بایننس استفاده نکنند.
2. دو- آدرس اتر خود را با آدرس کیف پول نانو در تنظیمات ماینر جایگزین کنید. نمونه فایل bat برای استخراج با Gminer:

   miner.exe --algo ethash --server eth.2miners.com:2020 --user nano_3gyf7qnmkp4puzghqks8pn1rfxsubhpya4m5hohdeqkejdjtpwd4tkfxz6a9.RIG_ID



3. سه- پس از شروع استخراج، می توانید با وارد کردن آدرس کیف پول خود در قسمت جستجو صفحه اول وبسایت 2Miners.com، به صفحه آمار ماینینگ خود بروید. آدرس شما همچنین در لیست تمام ماینرهای استخر به همراه آدرس های معمولی اتریوم نشان داده می شود. نمونه آدرس: nano_3oxxxag4jj883zt7bdsdhym8qagsbk4rxw48chmy11xgi4mfxqda7o6ro1ct. شما می توانید یک آستانه پرداخت در صفحه آمار خود تعیین بکنید. با این حال لازم نیست این کار را انجام بدهید. تراکنش های نانو رایگان هستند، بنابراین می توانید هر چند وقت یکبار که دوست دارید بدون هیچ ضرری، پول دریافت کنید.

چه زمانی پرداختی های نانو پردازش می شوند؟

پرداختی ها یک بار در روز در ساعت

12:00 UTC معادل 15:30 به افق تهران پردازش می شوند. پرداختی ها آنی نیستند. با توجه به اینکه اتر شما باید به یک صرافی منتقل بشود، مبادله بشود، و سپس پس فرستاده بشود، کل فرایند معمولا بیش از دو ساعت طول نمی کشد و تاخیرهای کوچک را ممکن می سازد. ما قصد داریم در آینده بیش از یک بار در روز پرداختی ها را پردازش کنیم.

کارمزدها

وقتی ماینرها با نانو دستمزد می گیرند، اصلا هزینه ای نیاز نیست بپردازند.

کل فرایند کاملا شفاف است. پس از اینکه استخر، پرداختی را (حتی در طول فرایند پرداختی) صادر کرد، می توانید وضعیت عملکرد یک سیستم صرافی را مانیتور کنید، نرخ مبادله ارز را بررسی کنید، و پول خود را از لحظه ارسال اتر برای صرافی تا لحظه دریافت نانو پیگیری کنید. استخر هیچ کارمزد اضافی را حفظ نمی کند: تمام پول رد و بدل شده به طور کامل به ماینرها پرداخت می شود.

اگر توضیحات ویدیویی را ترجیح می دهید، ویدیو زیر در خصوص پرداختی های روزانه بدون کارمزد از ماینینگ اتریوم که توسط کانال Sebs FinTech به زبان انگلیسی تهیه شده است را ببینید.

آیا ماینینگ بیتکوین روی کارت گرافیک ممکن است؟

این موضوع سوررئال و فراواقعی به نظر می رسد: همه می دانند که شما فقط می توانید بتیکوین را با اسیک استخراج کنید. ما استخراج بیتکوین در کارت گرافیک را به واقعیت تبدیل کردیم. می توانید اتریوم را در استخر 2Miners استخراج کنید و در بیتکوین پاداش خود را دریافت کنید.

پس از رسیدن به آستانه پرداخت تعیین شده توسط ماینر، استخر به طور خودکار اتر کسب شده توسط ماینر را به بیتکوین مبادله می کند. ما در حال حاضر از صرافی های رمزارز مانند کراکن و بایننس استفاده می کنیم. رمزارزها همیشه با قیمت بازار مبادله می شوند.

تنظیمات

1. یک- یک کیف پول دسکتاپ یا موبایل برای بیتکوین دریافت کنید یا یک آدرس بیتکوین در یک صرافی رمزارز ایجاد کنید. اگر از بایننس استفاده می کنید زنجیره BTC (SegWit) را انتخاب کنید.
2. دو- آدرس اتر خود را با آدرس کیف پول بیتکوین در تنظیمات ماینر جایگزنی کنید. نمونه فایل bat برای استخراج با Gminer:

   miner.exe --algo ethash --server eth.2miners.com:2020 --user 1HyyZxZAQjZenHf9TGsdUY9cxvMpbGjGBz.RIG_ID



3. سه- پس از شروع استخراج، می توانید با وارد کردن آدرس کیف پول خود در قسمت جستجو صفحه اول وبسایت 2Miners.com، به صفحه آمار ماینینگ خود بروید. آدرس شما همچنین در لیست تمام ماینرهای استخر به همراه آدرس های معمولی اتریوم نشان داده می شود. نمونه آدرس: bc1qrlpjqp2vvaan0ferh44z7tsevqzkcxrugm9g5n. شما می توانید یک آستانه پرداخت در صفحه آمار خود تعیین بکنید که همیشه بر روی اتر تنظیم شده است. شما می توانید هر مقداری از 0.005 اتر (تقریبا 17.5 دلار) تا 10 دلار را انتخاب کنید.

چه زمانی پرداختی های بیتکوین پردازش می شوند؟

پرداختی ها یک بار در روز در ساعت

12:00 UTC معادل 15:30 به افق تهران پردازش می شود. پرداختی ها آنی نیستند. کل فرایند معمولا بیش از دو ساعت طول نمی کشد و تاخیرهای کوچک را ممکن می سازد (مانند انتظار برای برداشت بیتکوین مبادله شده از یک صرافی). ما قصد داریم در آینده بیش از یک بار در روز پرداختی ها را پردازش کنیم.

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کارمزدها

کارمزدها
هنگامی که ماینرها از درگاه پرداخت ما پرداختی ها را دریافت می کنند، تنها بخشی از کارمزد تراکنش را در شبکه بیتکوین پرداخت می کنند. ما تمام پرداختی های ماینر را در یک تراکنش گروه بندی می کنیم. بدین سبب هزینه های تراکنش به قسمت های مساوی بین ماینرها تقسیم می شود. به همین دلیل است که هزینه فعلی برای هر ماینر کمتر از 0.2 دلار است.

تمام هزینه های دیگر، از جمله کارمزد ارسال اتریوم به یک صرافی و کارمزد برداشت بیتکوین از یک صرافی، توسط استخر پوشش داده می شود. اگر اصلا نمی خواهید هیچ هزینه ای بپردازید، استخراج اتریوم و دریافت پرداختی در نانو را در نظر داشته باشید.

کل فرایند کاملا شفاف است. پس از اینکه استخر، پرداختی را (حتی در طول فرایند پرداختی) صادر کرد، می توانید وضعیت عملکرد یک سیستم صرافی را مانیتور کنید، نرخ مبادله ارز را بررسی کنید، و پول خود را از لحظه ارسال اتر برای صرافی تا لحظه دریافت بیتکوین پیگیری کنید. استخر هیچ کارمزد اضافی را حفظ نمی کند: تمام پول رد و بدل شده به طور کامل به ماینرها پرداخت می شود.

الان شما می توانید به سادگی با اتصال به استخر اتریوم

2Miners با آدرس بیتکوین خود به جای آدرس اتریوم، بیتکوین را روی کارت های گرافیکی استخراج کنید. استخر تمام تبدیل ها را با حداقل هزینه انجام می دهد.

نحوه راه اندازی سیستم عامل های ماینینگ محبوب برای پرداختی های بیتکوین و نانو

بیایید تنظیمات سیستم عامل های محبوب مبتنی بر لینوکس برای ماینینگ را بررسی کنیم. اصل مطلب ساده است: زمانی که آدرس کیف را می خواهید وارد کنید، باید از آدرس بتیکوین یا نانو خود استفاده کنید.

تنظیمات RaveOS

تنظیمات Minerstat

در Minerstat می توانید پیکربندی ریگ اتریومی خود را تنظیم کنید. ابتدا کلاینت ماینینگ مورد نظر خود را انتخاب کنید و سپس پیکربندی ساده را تنظیم کنید:

• Coin: ETH
• Pool: 2Miners stratum address tag. You can add it on the go, the address is: eth.2miners.com:2020
• Wallet: Your BTC or NANO wallet address.
• Password: minerstat

تنظیمات HiveOS

اگر از HiveOS استفاده می کنید، Flight Sheet مربوط به استخر اتریوم 2Miners را انتخاب کنید. لطفا توجه داشته باشید که وقتی آدرس کیف پول را اضافه می کنید، سکه ETH را انتخاب کنید. اگر در استخر 2Miners ماین کنید، خود آدرس می تواند نه تنها ETH بلکه BTC یا NANO باشد. نمونه‌ای از تنظیمات HiveOS برای پرداخت های نانو را در زیر بررسی کنید.

تنظیمات mmpOS

1. یک- کیف پول مختص استخر را بسازید. اتریوم را به عنوان ارز پایه انتخاب کنید و آدرس کیف پول بیتکوین یا نانو خود را اضافه کنید.

   

2. دو- استخر را بسازید و کیف پولی که قبلا اضافه کرده اید را انتخاب کنید. آدرس ” eth.2miners.com” را به عنوان hostname و “2020” را به عنوان port وارد کنید. نیازی به هیچ اقدام دیگری نیست و بر روی دکمه “Create pool” کلیک کنید.

   

3. سه- پروفایل ماینر را با استخر اضافه شده در بالا بسازید. هر اسمی دلتان میخواهد روی پروفایل ماینر بگذارید و نرم افزار ماینر دلخواه خود را انتخاب بکنید.
4. چهار- ریگ مدنظر را انتخاب کنید، روی دکمه ” Switch miner profile” کلیک کنید، و پروفایل جدیدی که ساخته اید را بررسی کنید. مطمئن شوید که دیگر پروفایل هایی که ریگ به آنها اختصاص یافته بود را انتخاب نکرده اید. در چند دقیقه، تنظیمات شما بکار گرفته خواهد شد و ماینینگ شروع خواهد شد.

نتیجه گیری: مبادله خودکار رمزارز در ماینینگ

اگر اتریوم را در استخر

2Miners استخراج می کنید، می توانید یکی از سه رمزارز اتریوم، بیتکوین، یا نانو را برای پرداخت انتخاب کنید. حداقل پرداخت در اتریوم و بیتکوین 0.005 اتر (حدود 18دلار) و در نانو 0.0005 اتر (حدود 1.8 دلار) می باشد.

پرداختی ها در اتریوم در عرض دو ساعت پس از رسیدن به آستانه پرداخت صادر می شوند. پرداختی ها در بیتکوین و نانو یک بار در روز در ساعت 15:30 به افق تهران صادر می شوند.

برای استفاده از تبادل خودکار نیازی به تنظیمات خاصی نیست. فقط آدرس کیف پول رمزارزی را که می خواهید در آن دستمزد دریافت کنید (چه بیتکوین، چه اتریوم، چه نانو) را به تنظیمات ماینر خود اضافه کنید.

برای کسب اطلاعات بیشتر اکیداً به شما توصیه می‌کنیم به گروه ماینرهای فارسی زبان در تلگرام بپیوندید.

Ethereum 2.0 is a set of upgrades to the current Ethereum blockchain. First of all, it introduces Proof-of-Stake consensus: validators that stake ETH will replace GPU miners in creating blocks and ensuring the network security.

Eth2 also introduces sharding that will increase the cryptocurrency blockchain bandwidth 64 times. It means that it will be able to handle at least 64x more transactions per second and even more going forward.

The initial phase of transition to Eth2 known as Phase 0 started on December 1, 2020. That was when Ethereum launched its new network called Beacon Chain that activated the Proof-of-Stake mechanism.

Although PoS is more eco-friendly as it doesn’t require a lot of power, miners are not particularly happy about the new consensus algorithm. It will be much less profitable and it doesn’t need GPUs. After the merge of the current network Ethereum 1.0 with Beacon Chain miners will have to use their GPUs to mine other coins. How much less profitable is staking compared to mining?

To answer this question, we found out their profitability and compared them. We also talk about positive and negative aspects of Proof-of-Work and Proof-of-Stake.

Ethereum’s Staking Profitability

It’s quite easy to find out staking profitability in Ethereum 2.0: the Launchpad webpage displays up-to-date stats. It also contains guidelines for validators willing to help to secure the blockchain and earn rewards.

At the current amount of coins at stake, the annual percentage rate is 5.2%. So if you invest $100 thousand, in a year you will get $105.2 thousand, provided that the cryptocurrency rate remains stable.

There are two ways to stake Ether in the new network: directly or through special services. In the first case, you should have at least 32 ETH and be capable to launch a node. A network node is a piece of software that monitors what happens in the cryptocurrency network, votes for new blocks and gets rewards.

If you don’t have 32 ETH (after all, it’s more than $151 thousand), you can use services offered by special platforms. They gather coins from users and stake them. Then they distribute rewards according to provided shares and charge fees.

For example, Binance is one of the platforms that offer such services. The platform pays out rewards in the form of BETH tokens to Spot wallets.

Advantages of Ethereum’s PoS

Ethereum’s shift to Proof-of-Stake has its advantages. Thanks to PoS, the network can be protected without huge amounts of electricity needed to power GPU mining rigs. As a result, the environment will benefit from it.

For example, the energy consumption of Bitcoin miners is extremely high: it’s comparable to the energy consumption of a small country. With that being said, major industries like construction consume more energy and pollute the environment even more.

Those who live in countries with high electricity rates will appreciate it. Especially in Europe, where electricity rates have recently gone up. Overall, the cryptocurrency industry will benefit from it: just in spring Bitcoin was criticized because of excessive amounts of energy wasted on mining.

Another advantage is node maintenance. It’s much easier to maintain a node than a rig. Plus, if one of the rig parts breaks, it will take you a lot of time to detect the problem. But if you have a node, you just need to upgrade it to the latest version.

Disadvantages of ETH Proof-of-Stake

As we already mentioned above, you need 32 ETH for staking without intermediaries. At the current exchange rate, it’s quite a lot and not everyone can afford it.

But there is a solution. You can use third-party platforms that ask you to stake much less.

Ethereum staking has a big disadvantage: as of now, it’s impossible to redeem the initial deposit. The current Eth1 network is separate from Eth2, and the latter doesn’t offer withdrawal options. They will be added after the merge of the two networks, but it’s still unclear when. So best case scenario, you can expect to redeem your deposit in 6–12 months.

And last but not least, ETH staking in the PoS network brings low profits. 5% is not convincing at all in the crypto world.

For example, Binance offers much higher interest rates on locked savings. And they also last for several weeks which would surely make investors happy.

What Can Cause Staking Profitability to Drop

Another important downside of staking is penalties. The first penalty was issued on December 3, 2020. Ironically, the validator didn’t mean to damage the network: he broke the rules out of ignorance.

We agree that network safety is crucial, but beginning validators may lose money just out of ignorance. And if you don’t upgrade your node in time, you might have even more serious problems.

It’s important to note that staking profitability is bound to drop until it becomes possible to withdraw funds from the PoS network. So the only hope is that ETH rate in dollars will grow which is only possible if ETH increases in value.

Ethereum’s PoW Mining Profitability

2CryptoCalc helps to calculate PoW mining profitability and payback. 2CryptoCalc calculates profitability of one GPU of various models and for various periods of time. It can also share links to download mining programs along with their settings.

For example, here is a page with different GPUs and their payback. You can even enter the price at which a device is sold in your area to get even more precise results.

Let’s take Nvidia RTX 3070 as an example. The initial price was $580, but you can’t find it at such a price nowadays. Today you can find this model on Amazon at about $1,470.

Ethereum is the most profitable coin for RTX 3070, like for many other graphics cards.

After we enter the price, you can see that the payback period is no less than 10 months.

The graphics card can bring about $88.46 in one month and $1,061 in a year. This is about 72% of the initial investment which is almost 14x more profitable than PoS.

It’s important to note that you can get even better results. You should just spend more time on finding a used graphics card. It is cheaper than the new one, which means that the payback period will be shorter and profitability will be higher.

Say, you decided to mine on a larger scale and purchase eight graphics cards to build a rig. According to our article about building an Ethereum mining rig, it costs around $600. Let’s allow for an increase in prices and assume that today it costs $700 to build a rig.

You will need $11,760 to buy eight RTX 3070 cards. Considering the cost of a rig, we need about $12,500.

Now let’s calculate profitability. Each GPU gives out a hash rate of 41 Mh/s consuming 125 W. It’s 328 Mh/s in total which will bring about $26 a day.

Let’s not forget about expenses on electricity. A rig consumes about 1200 W. If an electricity rate is $0.07 per kWh, we get about $2.00 per day. So the net profit is $24.

The payback period is about 520 days ($12,500 [expenses] / $24 [daily profitability]), which is approximately one year and five months. Profitability in this case is 67%, as the yearly profit is about $8,484.

We used an average electricity cost. It can be lower or higher. The less you spend, the shorter your payback period and the higher your profitability.

It’s important to note that even though a rig doesn’t pay off in a year, GPU mining profitability is still much higher than that of staking. In the example above we got 73% of the initial investment in one year earning almost $8,500. You can also sell your devices anytime thus getting a surplus.

If Ethereum’s exchange rate increases, you will get your initial investment back even sooner.

Advantages of Ethereum’s PoW Mining

Ethereum’s PoW Mining on GPUs has a huge advantage over staking in terms of profitability. Some GPUs, especially used ones, can be paid off in a few months, after which you will start getting a surplus.

Plus, graphics cards are universal: you can use them to mine different cryptocurrencies. It is especially useful in the case of new projects with low mining difficulty and moderate exchange rates.

Considering the lack of devices today, graphics cards are also easy to sell. You can even make money from selling.

Disadvantages of PoW Cryptocurrency Mining

As we already mentioned above, it’s problematic to buy graphics cards nowadays. They are hard to get, and even if you find one, it will be hugely overpriced. But it doesn’t seem to stop miners: the payback period is still quite acceptable. Because of a rising demand manufacturers overprice devices even more.

One of the disadvantages of Ethereum mining on GPUs is the maintenance of devices. Even if devices operate well, you still need to fine-tune overclocking parameters, rates, etc., when mining software gets an upgrade. This takes a lot of time.

One of the most obvious downsides of PoW mining is the need for a physical location for devices. You need to keep them somewhere, ideally in the guarded area. And don’t forget about cooling and maintenance. You should also know how to set up your devices and how they operate.

Comparing PoS and PoW in Ethereum. Conclusion

PoW mining has an obvious advantage over staking in terms of profitability. Graphics cards can be paid off in about a year, which is an excellent result for any business. Considering the current market situation, it is likely to remain this way.

As a result, mining with one or several GPUs brings about 70% of return on investment as opposed to 5% of annual percentage rate for staking. It is clear that graphics cards are highly valued nowadays, so it makes a lot of sense to start mining Ethereum or other coins. We recommend mining in the 2Miners pool.

The main advantage is that you can always switch graphics cards between different cryptocurrencies or sell them. Plus, a lot of miners bought their mining equipment and paid it off long ago. So if you dedicate enough time to it, cryptocurrency mining can and will bring you money.

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