Ethereum is a blockchain-powered decentralized protocol that is best known for its native cryptocurrency, Ether (ETH), with a circulating supply of approximately 120 million ether coins. In comparison, Ether’s token supply is at least six times larger than that of Bitcoin’s, which remains its biggest rival. Regardless, prices have continued to rise steadily since 2015 when the cryptocurrency first surfaced.
Just like , Ethereum is mined in order to ensure that new Ethereum are entered into circulation. If you are wondering, mining Ethereum also means securing the Ethereum network while creating, verifying, and ad blocking the blockchain. And to achieve this, there are professional miners who are dedicated to that single purpose.
This also translates to mean that while Ethereum mining is still profitable today, a miner’s success solely lies on the type of Ethereum mining software that’s chosen. So, if you are about to get into Ethereum mining, you should not skip this piece. We’ve compiled the top 12 mining platforms, or software, to help you mine Ethereum.
PhoenixMiner is one of the fastest Ethereum mining software applications and EtHash miner with the lowest dev fee. The platform has an efficient mining speed that’s higher by 3-5% because of a completely different miner code. It supports both AMD and NVIDIA GPUs.
If you are looking for fast Ethereum mining software for your AMD graphics card, PhoenixMiner is your go-to miner. It also has a watchdog timer that periodically checks if any of the GPUs freeze and if they do, it restarts the miner. One great thing about PhoenixMiner is its 0.65% dev fee, which is the lowest among mining software.
TeamRedMiner is an Ethereum mining software application that operates solely with AMD graphics cards. It is considered one of the best Ethereum miners for AMD users. The platform’s Dev fee for the Ethash algorithm depends on which GPU you have. It’s set to 0.75% for Polaris (NYSE:) GPUs, and the value is 1% for the rest of the cards.
You can install TeamRedMiner on Windows and Linux machines without any hassle. TeamRedMiner has over 900,000 daily active workers and supports other algorithms, including KawPow, Verthash, Autolykos2, Nimiq, and more. It offers regular payouts, great support, high security, and system stability, and delivers massive amounts of hashing power.
10. Awesome Miner
Awesome Miner is a simple Ethereum mining application that lets you monitor the trading of Ethereum and many other cryptocurrencies. It is one of the top Ethereum mining platforms that provides customized triggers and actions. It supports coins such as Bitcoin, , and other cryptocurrencies. The platform has a daily payout frequency and allows you to maximize profits and minimize downtime. The Awesome Miner platform displays GPU properties like clock speed, temperature, fan speed, etc. It can work with all ASIC devices.
WineETH is the best Ethereum mining platform for beginners in mining and those using GPUs for other purposes. It is GPU mining software based on Ethminer and comes with a graphic user interface and intelligence algorithm that allows users to optimize mining efficiency for their hardware. The software has a simple interface, needs zero configurations, and is easy to use with its one-click mining on Windows. It also has an integrated automatic update system, background mode for low-power mining, and the ability to run only when the machine is idle.
Ethermine sees itself as the world’s highest-performing Ethereum mining pool. It is suitable for those who prefer using pools instead of solo mining. It is an easy-to-use Ethereum mining software application that provides real-time statistics and accurate mining information. It offers an efficient mining engine and a mining pool that doesn’t get overloaded with large miners. The platform is especially good for novice Ethereum miners. Ethermine is run by the same administrator as Ethpool and is popular for its anonymous mining feature and detailed statistics, and it uses a PPLNS payment method.
BetterHash is an efficient cryptocurrency mining software that allows you to trade multiple cryptocurrencies without any setup. The platform uses several Claymore Dual miners for Ethereum mining. The Ethash algorithm is available for both Nvidia (NASDAQ:) and AMD GPUs. It has more than 180,000 users and over 32 backup pools. BetterHash has an earning potential of $9.3 per day. It also supports onero, ZCash, , , Grin Coin, and Raven (NASDAQ:) Coin, etc.
StormGain is a user-friendly platform that supports Bitcoin Gold, , Ethereum, , Neo, , etc. The platform has minimum payouts of 50USD and a daily payout frequency. It also helps you to protect your cryptocurrency in a secure wallet.
This Ethereum mining application also contains charting tools that can be used in tracking trends and price movements. The platform is also the best interest rate provider for crypto traders by CoinMarketCap, a member of the Blockchain Association within the Financial Commission and the “Cryptocurrency Trading and Exchange Platform of The Year” by The European.
Launched sometime in 2015, Hashiny allows you to find profitable pools with ease. Specifically, it uses the newest ASIC miner and GPU rigs, making it one of the top Ethereum mining platforms. The platform also provides a real-time mining hash rate within the application. With Hashiny, you can earn ETH and reinvest it to boost your hash power.
Furthermore, Hashing supports daily payouts and has a referral program. If you are mining for Ethereum, you will be offered a minimum hash rate of 100 KH/s on a two-year contract. Ethereum mining begins automatically after an hour and the first payout is received within 24 hours. Hashiny also offers a tutorial on mining different coins and also a free cell phone app.
MinerGate is one of the highly-rated Ethereum mining platforms that’s suitable for newbies and professional miners. Launched in 2014, MinerGate can mine Ethereum in addition to Bitcoin Gold, Monero, Bytecoin, Grin, Litecoin, and Ethereum Classic, etc.
The platform currently boasts 5.1 million users around the world and has paid over $20 million worth of mining returns to users. It lets users automate crypto mining processes as well as provides blockchain explorers, mining calculators, pool stats, a mining service monitor, and a Lumi wallet, while also running its own native asset, MinerGate token. Furthermore, it has benchmark testing that analyzes your hardware performance and its potential to earn crypto over a given period.
There is a reason why ECOS is one of the most trusted cloud mining providers in the industry: It is the first cloud mining service provider that operates with legal status. Established in 2017 in the Free Economic Zone, ECOS has more than 100,000+ users globally. ECOS is more than just a cloud mining platform, it also offers a wallet, exchange, investment portfolios, and savings feature. The mining platform provides payments on a daily basis and a low minimum withdrawal of 0.014 ETH. The minimum withdrawal on other coins stands at 0.001 BTC, 30 , 0.042 BCH, and 40 USDT. It offers free mining contracts for new sign-ups.
Founded in 2017, CudoMiner is a GPU, ASIC, and CPU mining console software supporting the mining of Bitcoin, Ethereum, and Litecoin cryptocurrencies among others. With more than 100,000 users globally, CudoMiner allows for automated mining, which reduces manual configuration and intervention up to 95%. It does this without losing any profitability, thereby enabling users to earn more coins with its software by providing complete control of every device. It provides security through multi-factor authentication and offers a command-line interface and headless design.
Kryptex is a highly recommended Ethereum mining software that allows you to mine Ethereum and cryptocurrency, and pays you real money or Bitcoins for mining. The software combines the processing power of thousands of computers to run complex distributed cryptocurrency computations. It supports Bitcoin, Grin, Monero, and Ethereum and has a minimum investment of 0.00005 BTC with daily payouts. You can set up this mining software with ease. It allows you to mine with your CPU or GPU. Moreover, you can withdraw Bitcoins or send money directly to a bank card. Many also find it great because their computer resources will be used at a low percentage while mining cryptocurrencies.
Why You Should Care
Ethereum mining is still one of the best ways to make cool bucks in the crypto space. More so, mining is done consistently over long periods of time, implying that your income, which is often paid in ether, will be quite consistent and non-reliant on the coin’s price movements.
The platforms above have earned their stay up there by building a reputation for profitability, performance, and stability. However, also keep in mind that developers often update their mining programs regularly; hence, the best mining platforms may vary from time to time.