ERGO Miners Comparative (2024)

FAQs

ERGO Miners Comparative? ›

Choosing Your Mining Software

The top mining software for Ergo miners are: NBminer. Team Red Miner. SRB Miner.

Choosing Your Mining Software

The top mining software for Ergo miners are: NBminer. Team Red Miner. SRB Miner.

Ergo mining is a process by which individuals can earn Ergo (ERG) by using their computational resources to validate transactions and secure the network. This proof-of-work (PoW) blockchain is based on novel cryptographic algorithms that aim for a balance between security and accessibility.

Currently, Ergo network hashrate is 9.23 TH/s = 9 226 076 908 630 h/s. Network hashrate is calculated using the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find time of the latest blocks.

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.

The Bitmain Antminer S19 XP Hydro (255Th) is widely regarded as one of the most effective miners in the market. Combining serious hashing power with liquid cooling technology, this mining machine redefines effectiveness in virtual coin mining.

Is Ergo worth mining? Currently Ergo can be profitably mined with Nvidia RTX 3090 if your electricity costs are lower than 0.065 USD per kWh and with Nvidia RTX 3080Ti if your electricity costs are lower than 0.078 USD per kWh.

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.

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.

Is higher hashrate better for mining? ›

The larger a miner or mining pool's hash rate, the more quickly blocks are mined and the higher the chances of receiving a reward for adding a new block to the blockchain. Another important crypto mining indicator associated with hash rates is mining difficulty.

Ergo mining is based on Autolykos, a fairly launched efficient ASIC-resistant Proof of Work algorithm. Miners can adjust parameters with on-chain voting, with larger changes implemented by a supermajority via a soft-fork.

ASIC miners are complex hardware. As such, their market value can change according to many different factors. Firstly, ASICs prices are typically determined by their mining power and efficiency. The more powerful and efficient the machine, the more expensive it will be.

In general, you can expect the latest ASIC miners to last around 5 years to a decade depending on your operating conditions and maintenance. However, with technology advancements, if many new ASIC miners come in the future, the current ASIC may turn obsolete, impacting your profitability.

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).

The algorithm works well on graphics cards – you can use Teamredminer or Bminer for AMD cards and T-Rex or Gminer for Nvidia. In terms of mining on KAWPOW algorithm, “green” graphics cards are better. GTX 1080Ti and RTX 2080Ti hash rates are 1.5 times higher than those of Vega and Radeon VII.

ERGO is an interesting coin that we see a lot of potential for mining, and are pleased to announce it's arrival to the NiceHash platform.

There are three different types of Litecoin mining hardware – CPU, GPU, and ASIC. ASICs are considered to be the best Litecoin miners due to effectiveness. CPU mining, on the other hand, is considered to be the least profitable one.