Crypto mining is one of the most important aspects of digital asset space. Knowing which crypto mining machines are the stars in 2020 can be useful.
The crypto industry is arguably the best invention in recent times. Mining cryptocurrencies, or as it is better known, crypto mining has emerged as a very profitable and efficient way to earn in the crypto space.
To succeed in crypto mining, you first need to understand how mining works and what it entails. This has, however, become quite an easy process due to the invention of what we know as mining machines. Today, all you need is a basic knowledge of the multi-layered and complex process of mining cryptocurrency and the aid of a good crypto mining machine to get started.
Before we move on, let’s answer the basic question that many of you probably are asking.
What is Crypto Mining?
Simply put, it is the process of solving blocks by making use of special equipment known as miners such as GPU (graphics processing unit), ASIC (application-specific integrated circuit), or FPGA (Field Programmable Gate Array). Every time a block is solved, the miner receives a reward in the form of cryptocurrency.
Mining is one of the safest means of investing in the crypto space. So, instead of making a direct investment with your funds, you can make substantial earning by opting to mine cryptocurrencies.
List of top crypto mining machines in demand
Mining machines are quite different from one another and also vary due to their compatibility with other platforms. Let’s learn a little more about them through a quick overview.
This is one of the oldest and highly efficient Bitcoin miners available today. It has been around for quite a while and every update seems to make it better at mining Bitcoin.
Containing a lot of very important and useful features, it is an essential miner for beginners and experts.
As a cross-platform open-source crypto mining machine, it works incredibly well with Windows, Mac OS X, and Linux alongside several other operating systems (OS). It is also compatible with FPGA and ASIC firmware, ensuring total monitoring at all times, remote control potentials, etc. However, it is important to note that CGMiner comes with a scalable network scheduler.
Claymore’s Dual Miner
Touted as one of the best crypto mining machines for altcoins, Claymore is what we refer to as a dual miner. Its unique functionality enables the mining of several algorithms at the same time.
The miner is based on the Dagger-Hashimoto (Ethash) algorithm and is compatible with AMD and NVIDIA for simultaneous mining. Users can mine as many as six different algorithms (Decred, Siacoin, Lbry, Pascal, Blake2s, and Keccak) all at once.
One complaint against Claymore has been that its mining program isn’t completely free. For every 36 seconds (for Ethereum mining) or 72 seconds (for dual mining) in one hour, there is a developer fee charged.
Claymore is also great for beginners as key points are usually color-accentuated, making it easy for beginners to notice them.
Other mining machines
It has one of the most impressive graphical interfaces available and can be used to mine a wide variety of cryptocurrencies, including but not limited to, Bitcoin and Litecoin.
Miners can choose from ASIC mining, regular mining, Cuda mining, CC mining, etc. EasyMiner is a great crypto mining machine to try out this year if you are using Windows devices. It is however not yet available for other OS.
MinerGate is one of the most effective combined cryptocurrency mining platforms available today. Supported cryptocurrencies on MinerGate include:
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Bytecoin (BCN)
- Dashcoin (DSH)
- Monero (XMR)
- Zcash (ZEC)
- Aeoncoin (AEON)
- Fantomcoin (FCN)
- MonetaVerde (MCN)
- QuazarCoin (QCN).
The process is quite straightforward. First, you have to register on the MinerGate official website. Once registration is complete, you can then download the necessary program, set up and start mining right away.
Its popularity is on the rise thanks to its convenient user interface. Miners can easily switch crypto mining devices (GPUs, ASICs, FPGAs) between coins (Bitcoin, Litecoin) with this program. It is perfect for beginners as it solves the stumbling block of having to look for the right altcoin to mine or leaning about mining pools. Making it even more user-friendly, you can install the MobileMiner app on your smartphone.
It is a multi-purpose program that mines crypto with video cards and processors. When you register on the NiceHash website, you gain access to the platform that enables mining with 30 different algorithms.
As the name suggests, the EthMiner is specially designed for Ethereum (ETH). It was created to help ETH GPU miners amass as much profit as possible from mining. Its configurations are quite similar to that of any other mining programs and can be downloaded on the GitHub website.
Many people see 2020 as the year when cryptocurrencies will make significant headways into the global market. One of the best ways to get involved is to earn crypto by mining.
Apart from making use of mining machines, you can mine crypto by other means as well.
- Joining a mining pool
- Making use of USB Miners
- CPU mining etc.