Ethereum MH
Graphics cards can't dig out bitcoin right now. Your calculation power is the calculation power of Ethereum. The calculation method is also wrong
BTC full network computing power 153.280eh/s, mining difficulty 21.72t, current block height 672055, theoretical income 0.00000690/t/day
the total network computing power of eth is 418.403th/s, the mining difficulty is 5380.94t, the current block height is 11923460, and the theoretical profit is 0.00709464/100mh/day
BSV network computing power is 0.544eh/s, mining difficulty is 0.08t, current block height is 675889, and theoretical income is 0.0081/t/day
BCH's whole network computing power is 1.596eh/s, mining difficulty is 0.20, the current block height is 676209, and the theoretical profit is 0.00056395/t/day<
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Bitcoin uses SHA-256 encryption algorithm. When mining, it competes with computing power. In order to improve computing power, bitcoin has gone through four stages: CPU mining, GPU mining, FPGA mining and now ASIC mining machine mining, and the degree of specialization is getting higher and higher
Ethereum uses the ethash encryption algorithm. In the process of mining, it needs to read the memory and store the DAG file. Because the bandwidth of each read memory is limited, and the existing computer technology is difficult to have a qualitative breakthrough in this problem, so no matter how to improve the computing efficiency of the computer, the memory read efficiency will not be greatly improved. Therefore, in a sense, Ethereum's ethash encryption algorithm is ASIC resistant.
different encryption algorithms lead to great differences in mining equipment and computing power between bitcoin and Ethereum
at present, bitcoin mining equipment is mainly ASIC mining machine with a very high degree of specialization. The maximum computing power of a single mining machine is 110t / s, and the scale of computing power of the whole network is more than 120eh / s
the main mining equipment of Ethereum is video card miner, and there are very few specialized ASIC miner. On the one hand, the "ASIC resistance" of Ethereum mining algorithm improves the threshold of developing ASIC miner. On the other hand, after Ethereum is upgraded to 2.0, the consensus mechanism will be transformed into POS, and the miner can not continue mining
compared with the ASIC miner, the graphics card miner has two orders of magnitude difference in computing power. At present, the computing power of mainstream graphics card miner (8 cards) is about 420mh / s, and that of Ethereum is about 230th / s.
from the time dimension of the past two years, bitcoin's computing power of the whole network is growing rapidly, while Ethereum's computing power of the whole network is growing relatively slowly
The ASIC mining machine of
bitcoin is monopolized by several major mining machine manufacturers, and miners can only buy it from the market; Although the graphics card miner of Ethereum is also manufactured by a special miner, the miner can buy accessories from the market and assemble them according to his own demand
after Ethereum is upgraded to version 2.0 POS mechanism, miners may switch mining machines to other networks
as Ethereum is finally ready to start its Ethereum 2.0 upgrade later this year, thus eliminating the long-term delay, the network will start to move towards the proof of rights model
therefore, the network will give up the workload proof consensus algorithm, so that eth miners have little choice. As their equipment will become obsolete, they will be forced to start mining counterfeit coins or re qualify as eth mortgagors. So, what is the current situation of Ethereum mining? With the coming transition, what will happen to the whole instry< At present, Ethereum consensus is based on POW system, which is similar to bitcoin (BTC). As a result, Ethereum's mining process is almost the same, as miners use their computing resources to earn rewards for each block they try to complete< However, there are still major differences between these processes. Although bitcoin mining has relied almost entirely on ASIC (large, loud machines designed specifically for cryptocurrency mining, most of which are concentrated in areas with low electricity prices), Ethereum's pow hash algorithm ethash is designed to support global chip manufacturers (such as NVIDIA and AMD). As Thomas Heller, global business director of cryptocurrency mining pool f2pool, explained in a conversation with cointegraph, GPU is much cheaper and easier to access than ASIC
"as ASIC is a very professional machine, when a new generation of procts is released, it is usually a huge technological leap. As a result, they have a much higher hash rate and are more energy efficient than the previous generation. This means that those manufacturers have spent a lot of money to research and develop it. Their machines are usually very expensive, and GPUs are much cheaper. "
Heller added that those who use GPU miners "have more flexibility to mine." For example, the popular NVIDIA geforce GTX 1080 Ti card can mine more than 15 different currencies, while ASIC units usually support only one currency
nevertheless, Ethereum is not completely immune to ASIC miners - at least in its current state. In April 2018, bitcontinent released antminer E3, an ASIC specially proced for mining Ethereum. Although widely praised for its hash rate of 180 megahashes per second and power consumption of 800 watts, it has received different responses from the Ethereum community. After the ASIC is inserted, a considerable number of GPU rig owners seem to suffer from loss of profits, and some are even forced to switch to other networks
"in the white paper, ETH must have ASIC resistance. I would like to say that the white paper stands for something "is one of the highest comments on the AR / ethermining topic about the topic discussed when antminer E3 was announced. Another reddit user argued that "the $800 only applies to 180mh."“ Split or die of a nation. "
some Ethereum users continue to suggest that bitmain's mining devices can lead to greater concentration, thus increasing the possibility of attack by 51%. Soon, a group of developers put forward "programmed workload proof" or progpow, which is an extension of the current Ethereum algorithm ethash, aiming to make GPU more competitive and promote decentralization
according to a paper published in March by Kristy Leigh Minehan, co-founder of progpow, about 40% of the hash rate of Ethereum is generated by bitmain ASIC. Alejandro de la Torre, the vice president of poolin, is the sixth largest pool of eth. He confirmed to cointegration that "GPU mining is still dominant" in Ethereum network, and added:
"at present, the profit of eth mining is not high, and the management threshold and cost of GPU equipment are higher than ASIC equipment. Compared with ASIC devices, GPU devices are more flexible, and you can use other algorithms to switch to other coins. "
progpow has not been integrated into Ethereum, and it is not clear when it will be finally implemented - in March, Ethereum core developers were debating whether progpow will really benefit the network in nearly two hours, and failed to reach a consensus. It is worth noting that a bitmain representative has previously told cointegraph that the mining hardware giant does not intend to extend the service life of antminer E3 to start operation after October 2020: "as far as we know, mining will end in October or some time after that."
a safe but uncertain future
indeed, Ethereum will stay away from mining in the future. Ethereum 2.0, which is planned to be launched later in 2020, is a major network upgrade on the blockchain, aiming to transfer its current POW consensus algorithm to a virtual POS (known as "block verifier")
more specifically, users are randomly selected considering their wealth in the network or their "interests". In other words, the more coins a POS verifier chooses to put in, the more coins accumulated as a reward
according to vitalik buterin, the co-founder of Ethereum, e to the transition, the network will be more secure and the attack cost will be higher than the network of bitcoin, although the debate about the better consensus algorithm in the encryption community has lasted for many years. However, it is not clear when to start Ethereum 2.0, as many errors and management issues are reported to be delaying the process
another hypothetical benefit of POS system is that it has higher energy efficiency than pow blockchain. According to digiconomist, the cryptocurrency's total annual footprint is 59.31 terawatts per hour, which is comparable to the electricity consumption of Greece as a whole. However, since a report in July 2019 estimated that 74% of the exploitation of bitcoin was done using renewable energy, the environmental impact of bitcoin does not seem to be so serious
what will happen to the actual Ethereum miner? According to the documentation of Casper upgrade as part of Ethereum 2.0 roadmap, the network will initially support a hybrid model including both POW and POS, thus providing some space for block verifiers and GPU / ASIC miners. Jack O & 39, CEO of skale network; "There will definitely be a transition period when two networks are running at the same time," Holleran told cointegration The CEO of scale network (based on Ethereum's blockchain platform) gave a detailed description of this process:
"the transition from eth1 to eth2 takes time of course - it may be years rather than months. The good news about this slow transition is that dapps and defi platforms will be able to roam around based on survivability, security and real-world evidence of adoption. This is a positive impact on the Ethereum ecosystem. "
dig or not
once Ethereum is fully in the POS orbit, miners will have two options. One is to sell the equipment and use the money to accumulate more Eth and start mortgage. The other is the choice for GPU miners, which is simply switching to other ethash networks and mining counterfeit money. Nick foster, a representative of kabombacks, a US mining equipment dealer, told cointegration that most eth miners would choose the latter:
"what I want to say is that most of the miners have not really entered Ethereum or the mining of specific tokens. Yes, there is a certain amount of mineral deposits and holds, but I oppose the view that a large number of Shanzhai coin miners hold their coins at any time. "<
foster then described how he used 3gb GPU units to mine ethash's point-to-point blockchain asset ravencoin (RVN). Once it was unable to mine eth, he said, "this is the reason for mining crows. I immediately sold stability to BTC, and then sold it to US dollars to pay for my rights. I would say that a lot of people are adopting this strategy. "
as foster concludes, he wants eth miners to jump out of the network, and new players - those who don't invest in power infrastructure or drilling rigs - will take a stake in eth. He described the following:
"I can't imagine if I found a five-year lease with $0.04 of electricity and I was mining eth, I decided to sell everything and then continue to pay the rent so that I could hold eth as a share. Substitute. "
Marc fresa, founder of asic.to, a mining firmware company, agreed in a conversation with cointegraph: "if you invest in mining, you won't bet because you have enough room to grow."
one of the main counterfeit coins that may benefit from POW miners leaving Ethereum is Ethereum classic (etc), which is a more conservative version of the blockchain. It is reported that there is no POS related plan. As it also runs on the ethash algorithm, the startup of Ethereum 2.0 may lead to the migration of miners, so its hash rate may have a significant peak
eth's larger pools have similar options. When asked about the company's plans for Ethereum after pow, Heller told cointegraph that after the announcement of Ethereum's POS upgrade, f2pool launched a sister company called story.fish in early 2018. Story.fish has started to provide mortgage services for other POS and delegated POS projects, such as tezos (xtz), Cosmos (atom) and Cardano (ADA), e to numerous handover delays. For prin, e to the transition to POS, it "may temporarily give up supporting eth mining," de la Torre told cointegraph
other top eth pools, namely nanopool, ethermine, pool center, sparkpool and spiderpool, did not respond to requests for comment from cointegraph.
under normal circumstances
1G=1000M
1GH=1000MH
1gh=1000mh
top ten Ethereum mining software in 2020
in terms of market value, Ethereum is the second largest cryptocurrency, second only to bitcoin. Ethereum's popularity among the holders has increased rapidly because it can build the whole decentralized ecosystem and applications on top of its blockchain. As Ethereum is friendly to GPU mining, Ethereum is a good choice for PC users (especially those with AMD high-end graphics cards). However, 24ker should also warn readers that at this time point, Ethereum's price is $241, which means that even if you use radon VII (90mh / s), your weekly profit is less than $7, The annual profit is about $339. However, considering the potential value-added space of Ethereum, if the price can return to the healthy range of $500-600, it means that your radon will be back in one year
if you already have Ethereum mining hardware and an effective wallet, all you have to do is to find the best eth mining software, which will help you manage the mining work effectively
in this article, we will introce the features, advantages and compatible operating systems. But before we get there... Let's talk about the basics
why Ethereum
unlike traditional currencies, Ethernet operates on the public ledger system, which makes mining itself the core power of Ethereum network. When miners receive the transaction data sent by other members of the network, they assemble them into a structure called Merkle tree, and then try to find an acceptable hash value
only one hash will be returned for each dataset, and the hash value cannot be used to dece the original data. Its purpose is to effectively ensure that the block information is not tampered with. Moreover, if someone changes even one number in any long transaction string, the output hash value will be completely different, and false transaction or fraud will be eliminated
as you can see, if there is no Ethereum mining, Ethereum network will be paralyzed immediately. Therefore, participating in Ethereum mining is not only the mining revenue, but also the support for the operation and growth of Ethereum
what is mining software< In short, mining software is a program that uses a computer graphics card (GPU) as a resource to solve complex mathematical equations. Once the equation is solved, the data is added to the rest of the blockchain
the mining software will monitor the input and output of the hardware, and display statistical data to you, such as miner speed, fan speed, temperature and hash rate
the Ethereum mining software described in this article can be connected to many available Ethereum mining pools
Ethereum mine pool
Ethereum mine pool is a resource area that is equally distributed and shared among miners. Nowadays, it has become too difficult for a person to dig a mine, so it is necessary to use the way of mining pool to fight in groups
today, Ethereum is one of the most famous choice of Ethereum mines. The pool allows its users to remain anonymous and pay only a small 1% mining fee<
top ten Ethereum mining software:
1-ethminer (Ethereum Royal)
it can be seen from the name that ethminer is specially designed for mining Ethereum, and currently supports Linux, MAC and windows. Make sure to download the version corresponding to the device's operating system
in addition to Ethereum, you can also use ethminer to mine all tokens according to ethash algorithm, including expand, elaism, metaverse, musicoin, Pirl, Ethereum classic, etc< Ethminer is a command line software. This means that you can start it from the Linux console or the windows command prompt, or you can use the windows CMD / batch file or the Linux bash script to create a shortcut to the preset command line<
(2-cgminer)
this program was released in 2011. Because it is compatible with three different mining hardware (ASIC, FPGA and GPU), it is still one of the most popular mining software options. CG miner is an open source Ethereum miner written in C language, and provides support and binary files for openwrt router, RPI, etc
the advantages of cgminer include the ability to match your hash rate with zero latency extension, remote interface function and advanced detection of new blocks. The software can be used for Mac, Linux and windows
3 - Claymore (maximum efficiency)
if you are looking for the most efficient Ethereum mining software, please consider using Claymore's al Ethereum mining machine, which can speed up to any hash rate without sacrificing the mining speed
Claymore recently released v12.0 upgrade, which reces the equipment cost of al mining mode from 2% to 1%. The upgrade also offers 3gb and 2GB cards with zero development costs. However, Claymore al miner can't run on Mac. At present, it can only run on Linux and windows. But it supports both NVIDIA and AMD cards
other coins you can mine with this program include siacoin, lbry, decred and Pascal< If you are not familiar with cryptocurrency mining and are looking for the simplest Ethereum mining software, please check wineth
the software is based on the ethminer that we have just evaluated, but wineth provides users with a more simple and easy to understand GUI, combined with "intelligent" algorithm, which will provide the configuration that can ensure the best performance on the new user's hardware
as can be seen from the name, wineth is only compatible with windows devices, and you can find it in the windows 10 app store.