Recently, there has been a trend among a larger number of miners that they have switched to mining the Ethereum cryptocurrency. The main reason is its leading place in the profitability rating on almost any type of video card. It is very easy to make sure if you use the 2CryptoCalc mining profitability calculator.
It is known that Ethereum imposes special requirements on the amount of its video card memory. Every 3-4 days, it requests another plus 8 MB to the already available volume. There are many beginners who try to mine it with only one card. As a result, when they receive payments, they face very large commissions. However, today there is a pool of 2Miners, the advantage of which is the absence of commissions. At the same time, you can receive income from mining every day. In this article we will tell you how it works.
Types of mining algorithms that are available on video cards
Mining algorithms can be conditionally divided into 2 groups. The first one is cold, the second one is hot.
Group of cold algorithms
Here, video memory is mainly involved in the priority. In this case, an increase in the frequency of video memory (Memory Clock or MC) is required, as well as a parallel decrease in the frequency of the video core (Core Clock or CC), which can not be changed at all if necessary. Cold algorithms differ in that they consume little electricity (Power), the core temperature is quite low (Core temp), but the memory temperatures are elevated (Memory temp).
It so happens that there is a need to allocate neutral algorithms. Their role is only in the frequency of the video core. This list includes a group of algorithms of the Cuckoo family: CuccooCortex (Cortex), CuccooCycle (Aeternity), Cuckatoo32 (Grin).
Group of hot algorithms
In this case, both the video memory and the video core take part. Therefore, an increase in the frequency of the video core (Core Clock or CC) and the frequency of video memory (Memory Clock or MC) is required. Hot algorithms in the process of operation are characterized by a high percentage of power consumption (Power), high core temperatures (Core temp) and memory temperatures (Memory temp).
The following types of hot algorithms are known: KAWPOW (Ravencoin), FiroPow (FIRO), BeamHashV3 (BEAM), Equihash 144.5 (Bitcoin Gold).
Mining algorithms in comparison
The table provides a comparative analysis of the algorithms. You can take as an example the overclocking performance of the Nvidia 3080Ti graphics card. In the table you can see the parameters of the hashrate, core temperature and memory of this video card, how much electricity it consumes. In order to better understand the methods of overclocking a video card and gain skills in working with any of them, you can familiarize yourself with the material “How to overclock Nvidia and AMD video cards for mining using different algorithms”.
Please note that depending on the type of algorithm, the power consumption will also differ. This should be taken into account before choosing coins for mining. If, for example, using a calculator, you see that with respect to your video card, the profit of mining Ethereum Classic (ETC) and Ravencoin (RVN) has the same indicator, you should opt for ETC. The savings on electricity will be 25% when compared with RVN.
The table shows the data of algorithms that compete more with the Ethash Ether algorithm. Hot algorithms are marked with an orange marker, and cold algorithms are marked with a blue marker. You can consider in detail the main coins of these algorithms, their mining profitability and other features.
After Ethereum, which cryptocurrency is still worth mining?
If we take the principle of mining most of the miners around the world, then they are engaged in mining the cryptocurrency that brings them the biggest income. It is important not to forget that mining is the process of extracting money specifically on your own equipment. Therefore, you don’t even have to assume that the price will rise in 30 days. It is worth mining only the most profitable coins, and here and now. If you have no doubt that another coin will “bring X’s”, you can always get it for profit from mining. This approach will be effective.
To date, FIRO, Ravencoin and Cortex can bring the greatest benefits among coins after Ethereum. At the same time, it is important to understand the fact that in this area everything can change very quickly, sometimes in a day or within an hour.
The entire system of cryptocurrencies that are mined on video cards has the right to be called a closed cycle. Miners often make the transition from one coin to another, which is directly affected by the profitability of mining. To determine the choice of the most profitable coin today, a calculator will help 2CryptoCalc.com . It is enough to enter the data of your video cards, their number, after which the calculator will show a list of the most profitable coins in real time.