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Gone are the days of mining Bitcoin with a PC, overshadowed by the rising difficulty in the mining landscape. Large-scale, high-powered operations dedicated to proof-of-work mining have rendered computer-based mining obsolete.
However, don’t fret; there are still numerous alternative cryptocurrencies that you can mine using straightforward software. Explore the best options for PC mining in the current crypto landscape.
Ergo (ERG)
Introduced to the crypto scene in 2019, Ergo stands out as a smart contract platform that empowers developers to craft decentralized apps. Unlike Ethereum, Ergo distinguishes itself by eliminating gas fees, providing developers with cost predictability for their dApps. The primary objective of Ergo is to simplify the utilization of smart contracts in a decentralized fashion, ensuring accessibility for ordinary users without the need for trust.
To mine Erg, you need 4 GB of memory, a synced full-node wallet, and a minimum of one NVIDIA GPU. After setting up your wallet, download mining software like TeamRedMiner, adjust the bat file with your wallet address and start mining.
Quantum Resistant Ledger
Revolutionizing the landscape, Quantum Resistant Ledger (QRL) emerges as a groundbreaking quantum blockchain network, ushering in a new era for blockchain application development. This unique ledger prioritizes user safety by providing secure digital assets and is adept at evading contemporary and emerging cryptographic threats through a suite of innovative applications. Notably, it boasts an exceptionally secure virtual communication system, fortified by a robust transitory messaging layer and on-chain lattice key storage.
Mine QRL with GPUs through a community pool server using RandomX mining software compatible with the latest Monero fork, ensuring secure and efficient hashing functions within the QRL network.
Monero
Debuting in 2014, Monero stands out as the sole major cryptocurrency where every user enjoys default anonymity. Monero achieves this unparalleled privacy through cutting-edge technologies, including ring confidential transactions, ring signatures, and stealth addresses. Notably, transaction data and account balances remain concealed on the Monero blockchain, fostering an environment of utmost privacy that has sparked a surge in interest.
Begin mining Monero with versatile options for CPUs or GPUs, solo or pool mining. Optimal results are achieved with NVIDIA GPUs and XMRig mining software (CSMiner also supports Monero). Initiate the process by setting up a wallet, downloading RandomX-based hashing software, and configuring your mining software. Now, you’re ready to delve into Monero token mining.
Grin (GRIN)
Introduced to the crypto scene in early 2019, Grin arrived with eager anticipation from the broader cryptocurrency community. Standing out with a core emphasis on privacy and scalability, Grin pursues these goals through the implementation of the innovative MimbleWimble consensus algorithm.
Embark on GRIN mining by downloading and syncing a Grin node. Set up your wallet for mining rewards, then configure graphics cards and adjust mining software to Cuckaroo POW for efficient GPU-friendly operations.
Successful Mining Hinges on Your Computer’s Capabilities
In the initial stages of crypto mining, CPUs took the spotlight. Yet, due to their high power consumption and restricted processing speed, miners shifted towards GPUs. GPUs boast easier maintenance and upgradability, along with enhanced speed and efficiency.
Despite the preference for GPUs in home mining setups, the choice of GPU remains a critical factor in aligning with your specific mining objectives. Let’s explore some of the leading GPUs currently available on the market:
NVIDIA GeForce RTX 4090
Price: $1599
Best to mine: Grin
With a robust 24 GB of GDDR6X VRAM, the NVIDIA GeForce RTX 4090 stands out as a highly efficient option for mining. Its exceptional profit potential, estimated at around $18 per day when mining Grin, positions it as a coveted GPU in the mining community.
AMD Radeon RX 7900 XTX
Price: $899.99
Best to mine: MOAC
Boasting a formidable 24 GB of GDDR6 VRAM, the AMD Radeon RX 7900 XTX emerges as a potent GPU, showcasing an estimated hash rate of 90 MH/s on ETCHash. What sets it apart is its efficiency, as it manages to achieve this remarkable performance with relatively lower power consumption compared to other GPUs in its high-end category. This not only contributes to cost savings on electricity but also enhances overall mining profitability.
NVIDIA GeForce RTX 3090 Ti
Price: $1499
Best to mine: Grin
Crafted upon the Ampere architecture, this GPU stands as the pinnacle within the NVIDIA RTX 30 series, embodying unparalleled power. Renowned for its exceptional efficiency in terms of daily profits, this card serves as a versatile tool adept at mining various cryptocurrencies, including Grin, Ravencoin, SWAP, and beyond.
Conclusion
Although mining altcoins from home is still a viable option with the correct hardware and software, adhering to specific guidelines is crucial for optimizing mining returns.
It’s essential to note that laptops are ill-suited for mining due to the risk of overheating. Moreover, if you plan to operate multiple graphics cards concurrently during the mining process, it is recommended to invest in additional fans to ensure efficient cooling.
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