The situation in the cryptocurrency market is constantly changing. The ability to mine multiple virtual coins The program used should work with ASIC or GPU. Previously, CPUs were used, but with increasing difficulty of the crypto network, the efficiency of mining on CPUs also decreased (it became zero). In the case of Ethereum, mining is available using farms on GPUs or ASICs. Using such software may lead to overheating or failure of the equipment. If you choose the wrong program for Ethereum mining, the effectiveness of mining decreases. If a user installs multiple GPUs, the requirements for a cryptocurrency mining program also increase. If the graphics processor produces 37 Mh / s, a program capable of processing up to 40 Mh / s is enough. You should select software taking into account the capabilities of particular hardware. The mining program should be “tailored” for the extraction of a certain cryptocurrency (the software may also work simultaneously with several coins).
For comparison, Bitcoin mining requires software that runs on SHA-256.
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How to choose Ethereum mining softwareĬhoosing which program to mine Ether, you should pay attention to several criteria:Įthereum cryptocurrency runs on Ethash, so software compatibility with this algorithm is important. To avoid unnecessary time and money costs, the miner should carefully approach the choice of hardware and software for the extraction of virtual coins (the total earnings depend on this). The Ethereum mining program guarantees maximum performance from the equipment used. Monitoring parameters on video cards, ASIC-miner or other equipment used.It is about increasing the GPU hashrate to get more profit. Improving the performance of the GPU (if available).Software developers offer additional features that increase the convenience and efficiency of mining virtual coins. Its task is to ensure the operation of equipment (“hardware”) used to perform the aforementioned task. To get the maximum result, the crypto network participant must have powerful equipment at his disposal – a farm on new graphics processors or an ASIC.Įthereum mining program – software “sharpened” for the extraction of virtual ETH coins. As a result, the miner receives a reward of 2 ETH coins. Why do I need mining softwareĮthereum mining involves performing calculations aimed at finding a hash and obtaining the next blocks in the blockchain chain. The question is what program to choose for Ethereum mining, what are the nuances of the software. The software functionality simplifies the work of a cryptocurrency participant, helps to set up equipment and control the cryptocurrency mining process.
That created a perception that its gaming business wasn't significantly affected by crypto mining, the SEC says.Ethereum mining software – a program that allows you to use the power of equipment (video card, ASIC) for mining of virtual ETH coins. The SEC also says that information Nvidia did give about the growth of its gaming business was "misleading," given that the company did make statements about how other parts of its business were driven by demand for crypto mining. In its Friday order, the SEC claims that Nvidia knew back in 2018 that its gaming sales growth was was actually being driven by potentially more volatile crypto mining demand, but it didn't disclose that as required. It also launched new products that are optimized for mining, with features designed to improve power efficiency and airflow, but that don't do graphics. In response, Nvidia last year halved the hash rate of several of its graphics card models, making their GPUs less efficient for crypto mining.
The cryptocurrencies are mined using powerful computers, often equipped with multiple GPUs.
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GPUs - used for PC gaming, video editing and other graphics-intensive activities - became hard to track down starting a few years ago as the price of key crypto currencies reached new highs. The company didn't immediately return an email from CNET seeking comment. Nvidia will pay a $5.5 million fine to settle Security and Exchange Commission charges that it failed to adequately disclose how much of its gaming business' sales were actually related to crypto mining.Īccording to the SEC, Nvidia failed to state in a pair of quarterly reports for its 2018 fiscal year that sales related to crypto mining accounted for a significant part of the jump in demand for its graphics processing units, which were originally designed and marketed for gaming.Īs part of the settlement with the SEC, Nvidia didn't admit or deny the findings.