Ethereum: I was getting 7 mhash/s on GUIminer… but only 0.3 on bit minter?

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Ethereum: Exploring the Differences Between GUI Miner and BitMinter

As a newcomer to the world of cryptocurrencies, it’s natural to wonder how different rigs perform on various hardware configurations. In this article, we’ll take a closer look at the Ethereum blockchain and explore the differences between two popular mining pools: GUI Miner and BitMinter.

What are GUI Miners?

GUI miners, also known as graphical miners, use a graphical user interface (GUI) to mine cryptocurrency. They rely on the GPU’s ability to perform complex mathematical calculations to solve mathematical problems, which are used to validate transactions and create new units of a cryptocurrency. The most well-known GUI miner is Ethereum Mining, which specifically uses its native algorithm to mine Ether (ETH).

What are BitMinter?

BitMinter, on the other hand, uses a centralized mining pool to mine cryptocurrency. Unlike GUI miners, BitMinter does not require any special hardware or software to operate. Instead, they rely on the collective power of many computers around the world to solve mathematical problems and validate transactions.

Hardware Requirements for GUI Miner

To get started with GPU mining, you’ll need a powerful computer with a high-performance graphics card (GPU). For Ethereum mining specifically, here are some general guidelines:

• AMD Ryzen 5 1600 or higher

• Intel Core i5-2400 or higher

• 8 GB RAM or more

Hardware Requirements for BitMinters

BitMinters do not require any specific hardware configuration beyond a standard desktop computer. However, to optimize performance and reduce costs, you can use:

• A high-performance CPU (e.g., Intel Core i7-9700K or AMD Ryzen 9 3900X)

• A fast storage drive (SSD)

• A decent internet connection for mining

GPU vs. CPU: Which is Better?

When it comes to mining cryptocurrency, both GPUs and CPUs can be effective options. However, choosing between them depends on your hardware configuration, budget, and personal preference.

• GPU: In general, high-end GPUs (e.g. NVIDIA GeForce GTX 1080 Ti or AMD Radeon RX 580) can produce more hashes per second (mhash/s) than low-end CPUs.

• CPU: Conversely, low-end CPUs (e.g. Intel Core i5-8300H) may not be able to keep up with the hash rate of a high-end GPU.

7 mhash/s on GUI Miner vs. 0.3 mhash/s on BitMinter

Now that we’ve covered the basics, let’s dive deeper into your experience with both platforms.

In our example, you mentioned that you were using Ethereum as your preferred cryptocurrency and were getting 7 mhash/s on a GPU miner. However, when switching to BitMinters, you reported only 0.3 mhash/s.

There are several reasons for this discrepancy:

• Hash Rate:

  Hash rate is the rate at which your mining rig produces new hashes relative to its total computational power. A higher hash rate means that more coins can be mined per unit of time.

• Mining Pool: BitMinters uses a centralized mining pool, while GUI miners operate independently. This means that the combined hash power of multiple miners is typically higher than the power of any individual miner.

• Network Congestion: With larger mining pools like BitMinters, network congestion can occur if too many miners compete for resources at the same time. This can lead to reduced hash rates and increased difficulty in finding new hashes.

Conclusion

In conclusion, while both GUI miners and BitMinters offer unique advantages and disadvantages when it comes to cryptocurrency mining, the choice ultimately depends on hardware configuration, budget, and personal preference.

If you’re looking for a high-end GPU setup, you may be able to achieve a hash rate of 7 mhash/s with a suitable system. However, if you prefer a centralized mining pool with more manageable network congestion, BitMinters is a great choice.