Which eth miner is best?

Ethereum is a blockchain-based platform that allows users to create decentralized applications (dApps) and deploy “smart” payment contracts.

Where Bitcoin aims to eliminate banking and traditional payment methods, Ethereum tries to facilitate the exchange of money, content, property, shares, or anything of value through the use of smart contracts.

Also, similarly to Bitcoin mining, Ethereum mining is based on PoW. This means that miners receive Ethereum as a reward for having their nodes solve complex mathematical problems on the Ethereum Blockchain.

However, unlike Bitcoin, the best Ethereum miners are much more accessible to the public.

Considering that Ethereum is the second-largest cryptocurrency and can still be mined using consumer-grade hardware, it presents a great opportunity for crypto enthusiasts.

Before we delve into the details of what makes the best Ethereum miner, let’s first clarify whether or not Ethereum mining is a venture you might wanna look into.

The goal of mining is to generate new Ether (ETH). Even though this might be the main incentive for miners, the process has another crucial role.

Without mining, the Ethereum Blockchain would simply not be able to function. Miners power up the network by solving the mathematical problems that confirm transactions.

Simply put, mining Ether equals to a secure and well-functioning network.

Also, in order to use the Ethereum blockchain and deploy smart contracts, developers need to use Ether (ETH) as fuel. As such, mining is a good way for developers to acquire the needed fuel to run their dapps on the Blockchain.

Another reason to mine ETH would be its inherent value. Ethereum’s price seems to have stabilized in the 180-200 USD range in the past year (2019). This price stability makes it a reliable cryptocurrency to mine.

In short, the biggest incentives to mine ETH are summarized as follows:

Now that we have a good idea of the background of Ethereum mining, let’s take a look at how the Ethereum mining process actually works and how you can take part in it.

When a transaction is executed on the blockchain, this is what essentially happens:

As previously stated, Ethereum mining is very similar to Bitcoin’s. It is based on a proof-of-work process that awards newly created Ether to the miners when they solve a new block.

Its uniqueness lies in the mining algorithm and hardware that is used for solving mathematical problems.

Where Bitcoin uses the SHA-256 algorithm, Ethereum uses the Ethash proof-of-work algorithm. This algorithm has been designed to be ASIC-resistant.

Ethereum miners use the processing power of their graphical processing units (GPUs) to solve the cryptographic puzzles instead of the much more expensive ASIC miners that are used for Bitcoin mining.

This also means that mining rigs aren’t interchangeable between Bitcoin and Ethereum, although there is a variety of cryptocurrencies that can be mined with GPUs.

Without going into too much technical detail, what you need to know is that these mathematical problems are difficult to solve. This difficulty is measured by hash rate, a unit that we will be talking about when we are trying to determine the best Ethereum miners.

To avoid the creation of too many ETH tokens, this difficulty is dynamically adjusted. The more participating miners, the harder it is to solve the blocks.

Essentially, the bigger the hash rate of the GPU, the higher the potential to receive the rewards.

But this is only one of many parts that you need to consider when choosing the best GPU for mining Ethereum. Here are a few more:

So now that we have explained the basics of Ethereum mining, let’s see what you need to get started.

First of all, we need to check out the prerequisites for any Ethereum mining venture which are split in two categories:

Let’s look at the software requirements for Ethereum mining.

Requirement #1: An Ethereum Wallet

First and foremost, you need to create a digital wallet where you will be storing your Ethereum. MyEtherWallet (or MEW) is the most popular one and is very easy to set up.  A hardware wallet like the ones we’ve reviewed in this previous article is a great alternative, and it can even be linked with MEW for additional security.

Requirement #2: Installing Geth

Before you start communicating with the Ethereum blockchain, you will need to install Geth. This is open-source software that is available for almost any operating system out there.

Geth will serve as a communication hub. I will link you to the Ethereum network while coordinating your hardware. It will also report any new development that requires action on your part.

If you’ve never used Geth before, we advise you to check out this handy guide. It will help you get started with the installation and configuration of the Geth client on your mining rig.

Requirement #3: Installing Ethminer (or any other mining software)

After installing Geth you will need to install Ethash mining software. Ethminer is one of the most popular ones and is regularly updated. Follow the instructions on their Github page to get started.

Well, that’s pretty much it. It seems pretty simple, right?

Once these two requirements are met, you can safely say that you are ready to start mining your first Ethereum at least when it comes to the software side of things.

Other than the aforementioned GPUs, you will need the basic components of every PC:

Aside from that, having a stable internet connection is also a must. We recommend that you don’t rely on wireless connections but instead connect your machine directly to the modem/router with an ethernet cable.

Additionally, you might want to add more than just one GPU to your setup. This will increase the hash rate of your mining rig. Keep in mind that all this will not only increase the starting price but also the power consumption of your mining hardware. This means that you will have to invest in a more powerful power supply (PSU) which is also pricier.

For example, if your GPU drains 300W of power and your PSU supports 500W, you won’t be able to add another GPU. You will, in this case, need to upgrade to a PSU that supports at least 700W, considering the power drain from the other components in your rig as well.

Furthermore, not only does mining consume electricity, but it also generates a lot of heat. For that, you will need to ventilate and cool them efficiently, which will add up on your electricity bill.

There are different Ethereum profit calculators that will help you determine at what rate you should get your investment back and start making profits.

All in all, the basic hardware requirements for Ethereum mining are common and pretty easy to find in most computer stores. You should be able to easily set up a config without too much trouble.

Setting up a mining rig might seem a little expensive, but you need to understand that you are trying to invest in a passive income source that should generate profit very soon.

Before you make your first purchase of hardware, let’s go through the basics of Ethereum mining rewards and what they mean for an aspiring miner like yourself.

When miners successfully solve a block on the Ethereum blockchain, they receive 2 ETH. The time required to mine one block is about 15 seconds, tallying the total of newly created Ether to about:

These numbers reflect the new Ethers that are created by mining a new block and do not include the additional ETH that miners receive for transaction confirmations.

In order to ensure that your mining is profitable, it might be worth joining a mining pool.

Why a mining pool? Well, solo mining is an obsolete technique and the chances of getting any kind of reward are slim to none.

Cryptocurrency mining is very competitive, and you will be setting yourself up against huge mining pools. As their combined hash rate will inevitably be much higher than yours, getting the ETH reward for a block before them will be akin to winning the lottery.

As such, mining pools are your best bet to certain profits. Ethermine and Nanopool are two of the most popular mining pools that you might want to consider joining.

Having said that, let’s move on to Ethereum miners.

As we previously mentioned, to get the best Ethereum mining rig, you will first need to invest in the following:

With these covered, let’s move on to the characteristics that you need to be analyzing when choosing the most interesting part of your rig, the GPUs:

Additionally, your GPU must have a minimum of 4Gbs of RAM or it won’t be able to mine Ethereum. This is due to the memory heavy DAG file present in the ethash algorithm, which actually makes it ASIC resistant.

All of these parameters, plus a couple of others, like the electricity cost and the mining difficulty, should allow you to fill out those Ethereum profit calculators and get a good idea on when your rig will start turning out a profit.

Let’s put this knowledge to good use and find the best GPU for mining Ethereum within your budget.

One thing to keep in mind is that usually, AMD cards are overall better than their NVIDIA counterparts for Ethereum mining, especially within the same price range.

While this is certainly true, the efficiency of AMD graphics cards for Ethereum mining has made them very sought after and you might face another problem when looking for one – availability.

That’s right, the best Ethereum miners will be often out of stock. That’s why we wanted to give you a wide array of choices to fall upon in case this happens.

Hashrate : 46 Mh/s

Power consumption:  500w

Price: 1,300$ to 1,500$

This is one of the best ETH miners, although it’s power efficiency isn’t the greatest. If you are looking to build a rig with just a couple of GPUs, this might be the way to go, considering you can find it for 300$.

Hashrate : 36 Mh/s

Power consumption:  375w

Price: $1,000

The R9 295X2 has a decent hash rate and is a great choice when building your mining rig. It is one of the most cost-efficient options, That is if you can find one.

Hashrate : 25 Mh/s

Power consumption:  150w

Price: $150-$180

This is one of the best GPUs an Ethereum miner can get his hands on. Very low power consumption means its one of the most profitable Ethereum miners, and decent hash rate make it a mining favorite.

Hashrate : 30 Mh/s

Power consumption:  100w

Price: $450-$500

The first NVIDIA card on our list, 1070 was expensive when it first hit the markets at $380. Nowadays, however, things are different. With a decent hash rate and a tiny 100w power consumption, it’s a great choice if you can find a couple of used ones in the $250 range.

Hashrate : 45 Mh/s

Power consumption:  265w

Price: $400-600

Being the fastest NVIDIA card from the 10th generation, the 1080Ti  is still expensive today. But this is a top-end card with fast memory and 11Gbs of it.

Hashrate : 70 Mh/s

Power consumption:  250w

Price: $2000 to $3000

Very expensive card, but if you can find a good deal on eBay or another second-hand market, you would be purchasing one of the best Ethereum miners available.

Hashrate : 30Mh/s

Power consumption:  210w

Price: $350

This high-bandwidth memory card can be found in the 350$ price range pre-owned. A great deal for such a fast GPU with decent power draw.

Hashrate : 30 Mh/s

Power consumption:  235w

Price: $250 to $350

Even though the power consumption is a bit higher than some of its counterparts, you can purchase this GPU for as low as $250, which makes it a great investment.

Hashrate : 27 Mh/s

Power consumption:  185w

Price: $150 to $250

A good upgrade to the previous generation (RX480), this is an excellent option if you don’t want to risk buying pre-owned hardware.

Hashrate : 25 Mh/s

Power consumption:  120w

Price: from $300 to $400

Another good alternative if you want to enjoy the warranty of a new GPU, this fairly new NVIDIA card is an excellent choice. Low power consumption but still a bit expensive.

Hashrate : 41 Mh/s

Power consumption:  180w

Price: from $400 to $550

One of the newer NVIDIA GPUs, this card provides a great ROI considering the good ethash rate and the relatively small power consumption.

Hashrate : 90Mh/s

Power consumption: 300w

Price: from $600 to $800

Although at a steep price and a hefty power draw, this GPU has one of the best ethereum miners in the industry. If you can find a good deal under 700$, you should definitely consider the Radeon VII

That’s our ideal list with the best Ethereum miners currently available. And now for the verdict, our two best options and why we chose them.

When choosing the very best Ethereum miners, we wanted to cover both higher and lower budgets.

At the decisive moment, you need to ask yourself if you are willing to pay cheaper for pre-owned graphics cards. This will build a rig that might start making profits sooner but it would also put you at risk. The cards might not function properly or break down shortly after.

Overall, it’s a personal preference, and you need to consider it when choosing the best Ethereum miner. This, in addition to all the parameters we talked about previously, made us decide on these two options:

The Radeon VII is, no doubt, the best GPU for Ethereum mining. AMD managed to construct a card that is 2x faster than its competitors, making it a great buy.

This card may be older, but it is still an excellent choice for ETH mining.

And that was our take on the best Ethereum miners.

As you can see, most NVIDIA cards are more power-efficient, whereas AMD cards are cheaper to buy. So, before purchasing, you should analyze all the parameters we talked about in this article to make the most informed decision in terms of the best and fastest ROI.

Always be on the lookout for good deals on cards and use Ethereum profit calculators to help you build the best miner for Ethereum.

The Radeon VII is, no doubt, the best GPU for Ethereum mining. AMD managed to construct a card that is 2x faster than its competitors, making it a great buy.

Energy-efficient Ethereum miners – RX 570, RX 580, RADEON RX Vega.

Yes, mining Ethereum is still profitable – based on the mining hardware hash rate of 500.00 MH/s, electricity costs, and pool/maintenance fees provided. While mining Ethereum is still profitable as of right now. Mining profitability can change very quickly.

If you are wondering what the best ETH miner is, as far as speed is concerned, you probably refer to its power to solve transactions. As such, you would need to invest in the miner with the highest Hashrate. In this case, that miner is the Radeon VII.

By: Ofir Beigel | Last updated: 1/24/23

If you want to make a profit mining Ethereum, you’ll need to join an Ethereum mining pool. This post explains what mining pools are and covers the most popular pools around.

Ethereum mining pools are groups of miners that have come together in order to increase their chances in mining an Ethereum block. Pools vary in how they pay out to their miners, the fees they take and the overall support they provide.

That’s Ethereum mining pools in a nutshell. For a more detailed review of each pool keep on reading, here’s what I’ll cover:

In order to mine Ethereum you’ll need the following:

Mining pools are groups of miners, who band together in order to increase the likelihood of mining an Ethereum block. Once a block is found by the pool, the rewards are split between the pool participants in direct relation to the mining power contributed by each one.

Here’s the mining pool distribution on the Ethereum network:

When mining with a pool, your chances of getting a steady stream of income rise dramatically, as opposed to solo mining. Solo mining may give you larger rewards if you mine a block, but the chances of actually mining a block alone are slim to none.

Choosing a pool relies on different factors such as:

Pool size – The larger the pool, the more chances you have of finding a block. However, your payout will probably be smaller.

Fees – How much does the pool charge its participant in management fees? This usually revolves around 1%-3%

Payouts – How are payouts calculated? Are they only for the block reward or do they include transaction fees and uncle fees as well?

Uncles are legitimately mined blocks that didn’t end up in the Ethereum blockchain since a different block was accepted due to time lags in the network. This is similar to orphan blocks in Bitcoin, however unlike Bitcoin, in Ethereum there is a reward for mining these blocks.

Payouts can be distributed in the following ways:

PPS, short for Pay-Per-Share, is calculated by dividing your mining power with the total mining power of the global network. This gives the pool an estimate of the part you have in the total work done by the pool.

The pool then estimates the daily reward you can get by simple math calculation, giving you a fixed income.

PPS doesn’t reward miners with transaction fees and some of the uncle rewards. With PPS, your income is stable and pool fees are relatively higher. This is done to compensate for the risk the pool takes in paying you constantly regardless of whether a block was found.

In PPLNS, or Pay-Per-Last N Shares, miners only get paid for shares received during a predefined “window” that ends with the solving of a block.

Unlike other payment schemes, shares received outside of the window will not be rewarded at all. This window can either be defined as a time frame (uncommon) or by a certain number (N) that represents the last shares received up to the block solving.

Due to this, PPLNS is also called Pay-Per-Luck Shares.

Unlike PPS, this method requires the pool to actually find a block in order for the miner to get paid. With PPLNS, miners can either get higher rewards if they got to receive more shares within the last N shares, or get no reward at all if they didn’t.

Transaction fees and uncle rewards will be paid to miners with this method.

PPS+ is sort of a mix between PPS and PPLNS. Compared to the PPS model, which only awards miners block rewards and does not allocate tx fees, PPS+ assigns bonuses to miners and allocates all the rewards.

Ethermine, the most popular Ethereum mining pool, allows for anonymous mining with a real time PPLNS payout scheme. The pool prides itself with instant payouts as soon as the payout threshold has been met (minimum 0.05 ETH).

The pool has a 1% fee and pays out for block rewards and fees as well. You can also mine Ethereum Classic, Zcash, Beam, Ravencoin and Ycash with Ethermine.

Originally founded in April 2013 in Beijing to mine Bitcoin and Litecoin, F2Pool is one of the oldest Ethereum mining pools around. The pool uses a PPS and PPS+ payment scheme with a 2% fee and a payment threshold of 0.1 ETH.

While the pool charges more than most pools, it also seems to be much more consumer-facing than the rest, allowing users to monitor their accounts through a dedicated mobile app for Android and iOS.

Aside from Ethereum, you can mine over 40 other cryptocurrencies with F2Pool.

SparkPool, formerly ETHfans, is currently the third-biggest Ethereum mining pool out there. The pool uses a PPLNS system and has a minimum payout of 0.1 ETH with a 1% fee.

Nanopool is a multi-currency mining pool with a 1% fee and a PPLNS payment scheme. The pool pays out several times a day with the minimum payout being 0.2 ETH.

Aside from Ethereum, you can also mine Monero, Zcash, Ethereum Classic and additional cryptocurrencies with Nanopool.

Yes, Ethereum mining is still profitable if you have the Ethereum mining hardware and access to cheap electricity. If that’s not the case for you, it might be a better investment to just buy Ethereum and hold it.

Before starting to mine Ethereum, it’s best to calculate your expected profitability using an Ethereum mining calculator.

Here’s how to Join Ethermine:

Here’s a video about how to build your own Ethereum mining rig:

If you’re serious about mining Ethereum, you should mine through an Ethereum mining pool. Ethereum’s popularity made it so that there’s a wide variety of pools available and all you need to do is choose the right one for you, depending on the fees and payout schemes.

ATTENTION! The Ethereum blockchain finished its transition to proof of stake on September 15, 2022. This means that ETH can no longer be mined. Instead, it can now be staked: read more about it here. If you are interested in mining, you can check out our articles about it by looking up the appropriate tag — changelly.com/blog/tag/mining/. Please note the information in this article is no longer relevant and up to date.

Ethereum, or ETH, is undoubtedly one of the most lucrative assets one can get their hands on. As the second-biggest cryptocurrency, it certainly has a lot of value and is relatively future-proof, especially compared to many other digital assets. Its ever-increasing price, coupled with the incredible usability of this coin, has attracted many investors to the Ethereum project — and many miners.

Ethereum mining is one of the best ways to profit from ETH. While you still have to look for an opportune moment to sell your coins, you don’t have to stress as much over opportunities to buy them. Mining is done consistently over long periods of time, so your income of ether will be fairly consistent and non-reliant on the coin’s price movements.

Some people see mining as an easy way to become rich, while others think it is a waste of resources now that so many people are doing it. In fact, neither of these statements is true: while mining helps you make a profit and can be seen as a source of passive income, it requires quite a bit of investment, both in terms of money and time. However, it can still be profitable.

In this article, we will discuss the costs and the potential benefits you can get from mining Ethereum and the best ways to do it.

Just like DOGE or any other cryptocurrency, Ethereum does not get literally “mined”, as precious metals do. Instead, the process involves solving complex puzzles using one’s computing power. Miners verify transactions on the Ethereum blockchain and get rewarded with ETH for their efforts.

The process of mining Ether can be broken down into a few simple steps:

There are also “professional” miners — they have whole warehouses worth of mining equipment. They often rent out some of their hardware to make an additional profit.

The Ethereum network operates on the proof-of-work consensus mechanism. It is what allows ETH to be mined. However, that may change soon: the cryptocurrency is currently in the process of switching to a proof-of-stake algorithm, which is a part of its major update roadmap.

Once the main Ethereum network merges with the beacon chain, ETH mining as we know it will come to an end. However, that does not mean you should immediately abandon all thoughts of mining Ether.

At the end of the day, you should carefully consider your potential rewards versus the possible risks. Crypto mining in general is not as profitable as it used to be, especially as the cost of electricity rises while rewards become smaller. Do your own research and don’t forget to diversify your sources of income.

ETH uses a mining algorithm called “Ethash,” which was designed to be ASIC-resistant. This means that it’s much easier — and more profitable — to mine ETH with a regular computer than with a specialized mining rig.

Bitcoin, on the other hand, uses the SHA-256 algorithm, and thus favors ASIC miners over GPUs.

Although the biggest and most defining difference between Ethereum and Bitcoin mining lies in their respective algorithms, it’s not the only one. Here are some others:

As you can see from the table above, Bitcoin has a more impressive hash rate and mining performance due to being ASIC-compatible, but pays for it with much higher electricity consumption.

Another difference is that you won’t need to purchase a specialized mining rig to mine ETH. You can use your existing CPU or GPU (though we advise against this, as crypto mining is very taxing on hardware).

The amount of profit Ether miners receive depends on two things: how many coins they can mine, the current block reward, and the price of Ethereum at that point in time.

You can calculate your estimated ETH mining profit using one of the many calculators available online, like this one.

In order to mine Ethereum, you will need hardware. That will be the first big expense — but at least in most cases, it will be a one-off payment.

The biggest cost by far, however, is electricity. Mining computers use a lot of energy, and energy costs money. The exact amount varies depending on where in the world you are and how much you’re paying per kilowatt-hour (kWh), but it’s not uncommon for miners to spend $0.20-$0.50 per kWh on bills.

Other significant costs include any potential data center rental fees and cooling costs (since mining computers generate a lot of heat). Additionally, your hardware may need repairs.

Fortunately, there are ways to offset these costs… to a degree. One way is to use a mining rig that is energy-efficient. Another way is to mine Ethereum in a location where electricity is cheap. Additionally, you can also opt to go for pool or cloud mining.

With all that out of the way, let’s move on to the main topic of this article: the mining process itself.

First, let’s take a look at the different ways in which you can mine ETH.

Setting up your own mining operation can be incredibly taxing on both your wallet and your time (and sometimes, your sanity). Thankfully, alternatives exist. You can always join a mining pool to get ETH for a fraction of the cost.

Ethereum mining pools are groups of miners who work together to mine Ether. By joining a mining pool, you can earn a steady income stream from mining without having to invest in expensive hardware.

There are many different types of mining pools, and each one has its own set of rules and regulations. It’s important to do your research before joining a pool. Some pools may require you to run special software or pay a fee. Others may have minimum hashrate requirements or restrict which countries can join.

Here are the things you should consider when choosing a pool to mine Ether in:

You can find a list of the best ETH pool mining platforms here.

Another option is to mine Ethereum solo. This means that you’ll be the only one doing the work Ether, and you’ll get to keep all of the mining rewards for yourself.

Solo mining is a risky endeavor, and it’s not recommended for beginners. It’s also worth noting that Ethereum’s PoW consensus algorithm is designed to be ASIC-resistant. This means that special mining hardware (called ASICs) can’t be used to mine ETH.

If you don’t want to deal with the hassle of setting up your own mining operation, you can use a cloud mining service. With cloud mining, you rent mining hardware from a company that owns and operates it for you.

This is a convenient way to mine ETH, but it’s important to remember that you’re not actually doing the mining yourself. You’re just renting hashing power from someone else. This means that you don’t have any control over the hardware or software used to mine ETH.

Cloud mining also comes with a number of risks. For one, there’s no guarantee that you’ll actually earn any money. The price of ETH could go down, and the difficulty of mining could go up. This would make it impossible to profit from cloud mining.

Additionally, some cloud mining services have been known to be scams. Always do your research before signing up for any service.

And if you decide that mining isn’t for you, you can always get Ethereum on Changelly.

You will need to get a good and reliable crypto wallet that supports Ethereum before you start mining it. If you want to go for a hardware one, Ledger or Trezor would be a great choice. If you don’t plan on hodling your ETH, hot wallets like MyEtherWallet or Enjin may be a better pick. Read more about Ethereum wallets here.

If you’ve decided to take the plunge and mine Ethereum, you’ll need to invest in some equipment. First, you’ll need a computer with a decent amount of processing power. Mining can be resource-intensive, and your profits will directly depend on the performance of your hardware.

You’ll also need to install mining software. There are a number of different options available, and it’s important to choose one that’s compatible with your operating system and mining hardware.

Once you have everything set up, you’ll be ready to start mining ETH.

Beware of scams and viruses when downloading any software. Always make sure you’re on the correct website — criminals sometimes set up platforms that are identical to original ones, eager to catch inattentive miners.

This Ethereum mining software was designed by Chinese developers for Chinese miners, but it can also be used by miners from other countries. It supports Windows and Linux, as well as both AMD and NVIDIA GPUs. It can establish an SSL connection to mining pools.

This software can be used for mining quite a few cryptocurrencies: ETH, AE, RVN, BEAM, CFX, and ERGO. The dev fee for Ethereum in particular is only 1%.

NBMiner can be rather complicated to use, but the developers provided a very detailed how-to guide on this program on its GitHub page.

While PhoenixMiner does not have the dual mining option, it can offer its users lower dev fees and a high level of stability. This software supports both AMD and NVIDIA cards and can be run on either Windows or Linux machines. The PhoenixMiner Ethereum GPU miner software perfectly suits Windows 10.

You can use PhoenixMiner to mine other coins based on the ethash algorithm (Ethereum Classic, MOAC, etc.) The dev fee is 0.65%.

TeamRedMiner is an optimized Ethereum mining software for AMD GPUs that supports both Windows and Linux operating systems. The miner works great with Radeon RX Vega series graphics cards. This mining software developers’ fee for mining ethash with a 4GB Polaris is 0.75%. If you use other GPUs when mining the ethash algorithm with TeamRedMiner, the dev fee will rise up to 1%.

This software has one of the best user interfaces on the market. It is pleasant to the eye, and it is also easy to use. It can auto-switch your settings to help you get maximum profit and can even help you set up things like overclocking. In addition, CudoMiner’s website is also extremely user-friendly and offers a lot of beginner guides to mining.

CudoMiner supports a variety of cryptocurrencies, as well as both NVIDIA and AMD graphics cards. Additionally, it works on both Windows and Linux systems. They don’t have a fixed dev fee but say it should be about 3% for mining rig owners.

GMiner is an Ethereum mining software that was created by a group of Russian developers. Its first version was released back in September 2018.

This ETH miner is well-loved by users and supports both NVIDIA and AMD graphics cards. It works with the most popular mining algorithms, such as Ethash, ProgPoW, KAWPOW, Equihash, and more.

One of the defining features of GMiner is that it charges its commission continuously instead of interval charges like most other Ethereum miners do. This increases the potential profit users can receive. Its dev fee is 0.65%.

Lolminer was initially made for Equihash and Cuckatoo algorithms. Later, the developers started supporting more coins, allowing users to mine coins on the ethash algorithm. This software is primarily produced for AMD graphics cards. Even though the program supports the majority of the NVIDIA graphics cards, stability and work speed are not guaranteed. The dev fee is 1%.

T-Rex miner works with a variety of algorithms — there are more than 30, including ethash, astralhash, dedal, honeycomb, kawpow, lyra2z, sha256q/t, x11r, etc. It was made to work with NVIDIA graphics cards and supports both Windows and Linux. The developer fee is 1%.

T-Rex miner has implemented various features over the years — for example, the ability to set up the GPU temperature color. Additionally, the T-Rex miner will continue to work even in case of a lost connection.

Side note: most of the prices listed in this table are the official ones, but due to supply shortages, some GPUs will only be sold by resellers at a higher price. This is especially true for newer, really popular graphics cards such as NVIDIA GeForce RTX 3060 Ti.

Hardware varies wildly in price, hashing power, and power consumption. Some GPUs have a high level of power efficiency, like AMD RX 580, while others are power-hungry and expensive to boot.

All of these rigs are more than suitable for mining Ethereum and making a profit, so you should choose one that would strike a balance between the resources you can spare and the power you need. Remember to take power consumption into account on par with the device’s initial price — especially if you live in one of the countries where the electricity fees are high.

Additionally, remember that in most cases, you will be able to resell the GPU in the future if you grow tired of Ethereum mining or if it becomes impossible to be carried out due to the switch from the PoW consensus algorithm to the PoS one. Alternatively, these GPUs can still be used to mine other cryptocurrencies, like Litecoin or Dogecoin.

When looking for the best hardware, the best thing you can do is first make a list of your available resources and future plans. Additionally, you should also keep your expectations in check. If you want to make a lot of money by mining, you should understand that you will also have to spend a lot at the beginning to get all the necessary equipment.

Make sure to only buy hardware from reputable sources if you are serious about this venture. Avoid buying second-hand equipment if you can.

GPU mining can be very profitable, but at the same time, it can also be really hard on your mining rig. Mining consumes a lot of power and often causes one’s PC to overheat — that is why it is not recommended to mine on CPUs or laptops.

In order to avoid wasting all of your hard-earned profit on hardware upgrades and repairs, you should take good care of your device. Increasing your rig’s longevity is essential if you want to profit from Ethereum mining.

There are even some tricks you can use to make your device more efficient at mining Ether, and most of them are absolutely free.

Be careful to prevent your computer’s temperature from rising above 50-60 degrees Celsius — it is not healthy for mining rigs to remain at temperatures above that for a long time. Remember, heat is the main enemy of any PC.

There are several ways to reach the optimum temperature. Firstly, if you run several GPUs, it would be a good idea to get a special mining case. These are usually rather open and allow you to mine crypto without creating a sauna in your PC case.

Secondly, do not neglect your fans. They play a huge role in cooling your mining rig and extending its lifecycle. It is not advised to run your fans at 100% speed, so you should make sure that your rig won’t require that to stay cool. Invest in better fans, get a few of them, and don’t forget to keep them in good shape.

Additionally, you should also consider placing a power limit on your GPU, limiting how much power your rig can use. While this may seem counter-intuitive, it helps to extend hardware’s life and makes the mining process a lot more sustainable and profitable in the long run.

Another thing to consider is the manufacturer that produced your GPU. Two graphics cards that have the same model can differ quite drastically depending on who made them — MSI or Defender, ASUS or Gigabyte, and so on. The more expensive GPUs are naturally more durable and are less likely to be faulty, while the cheaper ones can often have overheating issues.

Overclocking refers to the process of increasing clock and memory speeds beyond what was intended by the manufacturer. It can significantly increase your profits when mining cryptocurrency. Overclocking will increase the hash rate of your GPU, and it can also help to lower power consumption and, with it, electricity costs.

By balancing overclocking and power limits, one can increase the hash rate without raising (or even while lowering) power consumption.

Ethereum mining is no longer possible and thus no longer profitable. If you have any leftover equipment, you can either sell it or use it to mine other cryptocurrencies.

In the past, Ethereum’s block time (the time it takes to mine one block) was only 10 to 20 seconds, but due to high demand and thus increased complexity, the time it actually took to mine 1 Ether could vary wildly. At the time of writing, however, Ethereum is no longer mineable.

No, you can’t mine 1 ETH in one day. It has never been possible, and now, post-Merge, Ethereum cannot be mined anymore at all.

You can no longer mine ETH. However, you can stake it instead. Learn more about Ethereum staking in this article.

• Go Ethereum.
• Cudo Miner.
• Ethermine.
• EasyMiner.
• Kryptex.
• Phoenix Miner.
• NBMiner.
• GMiner.