Ethereum (ETH) stands among the leading cryptocurrencies according to its market capitalization, influence, and so on. Most of the decentralized applications are built on top of the Ethereum blockchain. Pretty much every crypto exchange lists ETH and according to the biggest mining pool, MinerGate, ETH is #1 crypto in terms of mining profitability. Therefore, Ethereum mining in 2020 is quite a safe choice. We’ve prepared a list of the best Ethereum mining software for you to choose the most suitable one.
Ethereum Mining Requirements
Before we dive into the various options of the Ethereum mining software, make sure you are prepared to step into Ethereum mining waters. You have to meet several mining requirements before you start to mine ETH profitably. These are:
Ethereum Mining hardware
The better your GPUs (graphics cards), the more profitable your Ethereum mining will be. Don’t forget to install (or update) drivers for your GPU.
Choose the one for you. There is a wide choice of reliable Ethereum wallets for safe storage and use.
Ethereum mining pool
It is not that necessary to join a particular mining pool when mining Ethereum as you can successfully mine ETH solo. However, if ETH mining is your long-term target, a mining pool can be your companion in this field.
Is It Profitable to Mine Ethereum?
As we mentioned above, ETH is the second cryptocurrency in terms of market capitalization. Today, Ethereum is an important player in the crypto market. The Ethereum block reward is currently 2 ETH (~$448). Despite market fluctuations, it is still profitable to mine ETH in 2020. It will be even more profitable once Ethereum migrates to the proof-of-stake consensus algorithm (PoS) which requires less electricity and computational power.
Top 6 Ethereum Mining Software to Use in 2020
MinerGate is a veteran of the crypto industry. Being founded in 2014, MinerGate has been providing miners all over the world with a simple yet comprehensive service. MinerGate offers two mining options xFast GUI Mine and xFast CLI Mine. MinerGate xFast GUI Mine provides up to 20% hashrate on average than the previous version and perfectly suits novice miners whereas xFast CLI Mine looks like command lines in your console and suits professionals. This Ethereum miner works for Mac, Windows, and Linux.
Due to a “dual mining” option, Claymore lets you mine Ethereum (ETH) and other coins of a specific type of crypto (Decred, Lbry, Pascal, Siacoin) at the same time. Claymore offers a 1% mining fee and it is supported by the major operating systems. This fact makes Claymore one of the best Ethereum mining software for Windows and Linux. This Ethereum mining software supports AMD and nVidia cards.
PhoenixMiner will not provide you with the dual mining option, yet it offers lower dev fees and a high level of stability. The Ethereum mining software supports both AMD and nVidia cards and can be run on Windows and Linux. PhoenixMiner Ethereum GPU miner software perfectly suits Windows 10. You can also use PhoenixMiner to mine other coins based on Ethash algorithm (Ethereum Classic, MOAC, etc.)
Ethminer is an Ethash GPU mining worker that looks like a command-line program and has to be launched via Windows command prompt or Linux console. Just like PhoenixMiner it can also be applied to mine Ethereum Classic, Musicoin, etc. The dev fee is 1%, while the Ethminer requires pretty low system requirements. What’s more, this Ethereum mining software is regularly updated.
Initially, Geth was introduced by Ethereum developers and could be considered as the first and official Ethereum mining software. Geth mining software client is also am Ethereum wallet, which automatically resolves a wallet issue. If you are an experienced miner and want to upgrade your programming skills while mining ETH, then Geth is your perfect match. Geth stands for “Go-Ethereum” and processed by the “Go” scripting language. The official “go” implementation of the Ethereum protocol can be run on multiple desktop platforms including Mac, Windows, and Linux.
CGMiner is a free Ethereum miner which has been on the market for almost a decade. This Ethereum mining software is considered to be one of the most efficient miners for GPU. It will suit advanced miners as it is a console miner. Note also that CGMiner is oriented on AMD cards rather than on nVidia. CGMiner allows you not only ETH and its derivatives but also BTC and so on.
Ethereum is one of the oldest and the most popular cryptocurrencies out there. There is a wide variety of both hardware and software to mine ETH which makes Ethereum mining accessible to anyone. These top 6 Ethereum mining software clients are considered to be the best in the niche, yet you have to be attentive when downloading any.