Statistically, your chances of solving a block are equal to your percentage of the total hash rate of the network. With Ethereum, the current network hash rate is now over 1 PH/s, or 1 billion MH/s. Even if you had a farm of 100 RTX 3080 GPUs each doing 95MH/s, that’s only 0.0009% of the total. Mathematically, Ethereum averages around 6500 blocks per day, so your odds would be about 6% per day of finding a block, with an 86% chance of hitting a block in about a month. With a single RTX 3080, your odds of hitting a single block in a year are only 20%, and 49% after three years. The proof of stake transition makes any such talk completely irrelevant.
Once the miner version is selected check the box Version enabled and then select Add to download. Now you can check the box Miner enabled (located middle column above miner versions) and then hit save. Repeat for every miner and miner version you wish to enable but I recommended at least enabling T-Rex, Cryptodredge, and Z-Enemy to get started(PLEASE READ WARNING BELOW). To get started benchmarking with PG Bench download the installation using the link below. Browse through the list of mining clients supported on msOS and Windows node.
How does the desktop software work?
If you experience crashes or instability, you’ll need to tweak the voltages and/or clocks more. Besides software and different collections (coins, algorithms, hardware, etc.), minerstat also offers different features that will help you when setting up your perfect mining setup. One of these features that is available for free to all of our users is a benchmark that can be conducted to our sand-box stratum pools over pool.ms. If you don’t have time to perform the benchmark, you can always check estimations of hash rate and power consumptions that are available on the hardware pages. The goal here is centralized management, for maximum efficiency, and in turn, profitability.
When we introduced our benchmarking feature in 2019, we really thought it through and wanted to make it as easy for miners as possible. It is included in the free plan, so anyone can use it without having to upgrade the minerstat account. Furthermore, it allows different exporting options so the results can be used in different ways. The unrealistic tag is assigned to all multi-algo pools (with exception to marketplaces) that are reporting higher reward than the reward for the best normal volume coin in the same algorithm. Since there is little chance that the multi-algo pool can actually pay such reward, we decided to put a special tag in such situations. Mining calculator is a tool that helps you find different coins and multi-algo pools options.
Software
Alternatively, you can use the NiceHash app on your phone to scan a QR code, or just input your BTC address manually. 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. It also has optimization for the Antminer firmware, for https://www.tokenexus.com/ up to 40% higher performance on the Antminer S17 ASIC. To increase profitability, Cudo Miner will benchmark your device’s processing power and hardware to automatically select the most profitable cryptocurrency algorithm to mine. When another algorithm becomes more profitable it will automatically switch to mine that algorithm, ensuring that you always get the most revenue from your hardware.
Sometimes a new coin will launch, or someone will want to dedicate a lot of mining power at a specific coin, and they’ll pay more to do so. Instead of mining Ethereum 24/7, you might occasionally run some other algorithm, and it’s all managed by the software, which usually (but not always) manages Mining benchmark software to do a good job. The initial benchmarks on NiceHash Miner can be a bit prone to error, unfortunately. That’s because the tests are only run for a minute each, and as your GPU heats up it may also slow down. That means the first algorithm benchmarked often ends up with an inflated result.
Download our Ultimate Guide to Mining
Before you start the benchmark, make sure that your rig is prepared for switching between different mining clients and algorithms. The unprepared rig is one of the main reasons why a benchmark fails. There are several mining software providers out there that support benchmarking – either to their pools or to custom-defined config templates.
