How to Mine Ethereum: NiceHash, Mining Pools, Best Settings

  • April 17, 2023
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  • Jessica William
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Cryptocurrency exchange

How to Mine Ethereum: NiceHash, Mining Pools, Best Settings

By April 17, 2023June 25th, 2024No Comments

Mining benchmark software

You’ll probably need to reduce maximum clocks while reducing the voltage, but the dramatic boost in efficiency makes the effort worthwhile. If you experience crashes or instability, you’ll need to tweak the voltages and/or clocks more. Additional features include an easy setup, with the ability to join multiple mining pools simultaneously. The hashing power, and production of each machine is tracked in real time, with a total provided of both variables.

Which pools are supported?

The other downside is that NiceHash takes a cut of the amount paid, and the net result is generally lower payouts than mining Ethereum yourself. Currently, direct Ethereum mining should pay about 7% more than NiceHash. That’s a pretty big mining fee, though again the ease of use with NiceHash is hard to overstate. The goal here is centralized management, for maximum efficiency, and in turn, profitability. This software allows for profit tracking, as it can track real time revenue and power consumption. Downtime is minimized through automatic recovery to get up and mining seamlessly.

Mining benchmark software

Efficient Bulk & Farm Management

  • Easy setup of popular mining pools without having to read page after page with setup instructions.
  • TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice.
  • Now that we’ve talked about temperatures and fan speeds, let’s talk about overclocking — or even underclocking and undervolting.
  • Use the powerful built-in C# script engine to create customized triggers and actions.
  • This means you can hit higher clocks that aren’t unstable, but memory performance actually degrades past a certain point.
  • Alternatively, there’s plenty of room left for future growth and spikes, but that’s just speculation.We’ve passed peak profitability for mining Ethereum, at least for the time being.

The software is digitally signed and has built enough trust to automatically be accepted by the Microsoft SmartScreen filter. Your important mining operations will not depend on any external services. View long-term mining history or export as CSV to Excel for even more powerful data processing and visualization. Manage and monitor GPU miners running on either Windows or Linux. Use the Native overclocking to control the clock speed, voltage, power and fan properties of your GPU’s.

What Settings Are ‘Safe’ for 24/7 GPU Mining?

One reasonable approach is to find the maximum stable memory overclock, by bumping the clock speed up in 50–100MHz increments and letting the mining run, until you get errors or a system crash. Once that happens, drop the OC by 10–20% and you should be reasonably safe. The Vega and Polaris families are very power hungry at default settings, and it’s often possible to drop the voltage by 0.2–0.3V. That’s a huge difference, especially since power scales with the square of the voltage.

Mining benchmark software

The heat maps also provides a concept of groups, making it possible to have a number of heat map groups on a high level and making it possible to navigate into specific groups in order to visualize each individual miner. Define and assign tags to miners to filter and make it easier to identify properties of a miner. Access and control your minerstat data from the dashboard using our comprehensive public and private APIs.

Mining benchmark software

The dashboard gives an overview of all running miners and their total performance, revenue, profit and power consumption. Use the predefined rules or define custom rules to take full control of the mining operations. Detection of high temperatures, slow mining progress, hanging miners and disconnected miners. Automatic restart of miners, with fully customizable triggers and actions.

Powerful Software for All Mining Needs

Except, after letting both versions run for a bit, QuickMiner seemed to stabilize at the same performance level as NiceHashMiner. YMMV.Next up is NiceHash Miner, which is what most people will want to use. It’s more complex in some ways than QuickMiner, but it has more options that can improve overall profitability. By default, it will ask you to log in using your NiceHash account details. Alternatively, you can use the NiceHash app on your phone to scan a QR code, or just input your BTC address manually. BFGMiner is based upon our previous pick, CGMiner, but is designed specifically for ASIC mining hardware.

  • Includes support for over 50 of the most popular mining software.
  • Better still, just about anyone can take a crack at mining their own currency, though it does require some knowledge and patience.
  • More than 30 different trigger conditions and more than 40 different actions are available to allow for flexible and powerful automation of the mining operations.
  • Still in production, but already a powerful tool for comparing different overclock settings on the same card; the Bench-o-Matic automatically runs and submits benchmarks for the selected system.
  • Furthermore, BFGMiner is intelligent enough to stop connecting to unreachable pools, which saves precious system resources, and enhances profitability.
  • Browse through the list of different GPUs and check what are their hashrates, power consumption and profitability on certain algorithms.
  • If the GDDR6 gets an error only 1-2% of the time, it can be detected and the GPU just asks for the data again and usually gets it without an error.
  • A hashrate proxy service that empowers you to deploy your private stratum server within seconds anywhere in the world.
  • Download and install minerstat for Windows and login with your access key and worker’s name.

Incidentally, about two thirds of all Ethereum was actually part of a ‘pre-mine’ that went to ‘investors’ before mining was even possible. Everyone joining the bandwagon now clearly missed the best part of the ride. Alternatively, there’s plenty of room left for future growth and spikes, but that’s just speculation.We’ve passed peak profitability for mining Ethereum, at least for the time being. Mining for $10–$17 per day on a graphics card that costs $1,000–$1,750 might not seem like a bad idea. Mining at $5 per day is less enticing, and $2 per day or less looks pretty awful.

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