Ergo FAQ - Autolykos2 ⛏️ | minerstat (2024)

FAQs

How long does it take to mine 1 ergo? ›

You would need 3 Nvidia RTX 3090 or 3 Nvidia RTX 3080Ti to mine 1 ERG in 1 day.

Factors that affect Ergo mining rewards include initial setup costs, electricity costs, ERG price volatility, software and hardware configuration, and hardware maintenance and repair costs. Based on a hypothetical scenario, Ergo mining is profitable if electricity costs are below $0.08/kWh.

By engaging in Ergo mining, participants not only have the potential to earn cryptocurrency but also contribute to the security and development of the Ergo ecosystem.

Solo mining is a method where you mine Ergo independently, without joining a mining pool.

Such shareholding is classified as non-public. Ergo was previously owned by Ergo Mining Operations (Proprietary) Limited (EMO). EMO was 74% owned by DRDGOLD Limited and 26% by our Broad Based Black Economic Empowerment (BBBEE) partners – Khumo Gold SPV Proprietary Limited (Khumo) and the DRDSA Empowerment Trust.

AMD RX 6800 XT

Built on the RDNA 2 architecture, this GPU is designed to maximize computational power while maintaining energy efficiency, making it ideal for crypto miners focusing on coins like Ethereum (ETH) and Ergo (ERG).

Is ergo asic resistant? ›

Ergo's Autolykos v2 employs a dynamic strategy to resist Application-Specific Integrated Circuits (ASICs). The system achieves this through scheduled memory table adjustments, effectively increasing the minimum GPU vRAM requirements for mining over time.

People who mined ETH will switch to ergo. Not because it's a better coin, but because it's a low wattage mining compared to RVN. Raven requires way more power, they would have to reconfigure all their rigs to have a larger psu or 1-2 less cards.

At least ⁓3GB memory is needed to mine Ergo currently, but the most efficient implementation utilizes around 4 GB of vRAM. A part of ASIC resistance on Autolykos v2 is credited to Ergo's periodic memory table adjustments.

Autolykos Algorithm

Autolykos, Ergo's unique mining algorithm, plays a pivotal role in distinguishing this blockchain. Initially, Autolykos version 1 was designed to be pool-resistant with non-outsourceable puzzles, making it difficult for miners to join forces and centralize mining efforts.

The time it takes to mine 1 Ethereum can vary significantly based on several factors, including the hash rate of your mining rig, the current mining difficulty, and luck. However, with a powerful mining rig and favorable conditions, it typically takes several days (up to 60 days) to several weeks to mine 1 Ethereum.

In some cases, solo miners may find a block relatively quickly, while in others, it could take days, weeks, or even months. Solo miners must be patient and understand that finding a block solo is not guaranteed and can be unpredictable.