After the integration of execution and consensus protocols, an innovative Chinese miner took a step towards the novel direction and branched the Ethereum blockchain to give birth to EthereumPOW, or ETHW as it is widely known. On the day of September 15, 2022, Ethereum’s blockchain made the bold transition from a proof-of-work (PoW) consensus methodology to a proof-of-stake (PoS) system.
This crucial shift gave rise to ETHPoW, an unconventional PoW blockchain that sprang from Ethereum’s Merge and is fundamentally the Ethereum version before the Merge. The primary objective behind this Ethereum branch was to preserve the proof-of-work mining framework favored by ETH miners.
Do you want to mine EthereumPoW (ETHW)? Then you’ve arrived to the right place. Our goal is to guide you through the best mining software for EthereumPoW (ETHW). By following our detailed recommendations, you will be well on your way to becoming a profitable ETHW miner.
Also Read:
• Ethereum Mining Pool
• How To Mine Ethereum Classic (ETC)?
• What Is Ethereum Mining?
What is EthereumPoW?
The EthereumPoW network is essentially a derivative of the Ethereum network, or in technical terms, a fork. Essentially, a fork introduces significant alterations to the operation of a blockchain network. EthereumPoW was created as a result of a minority yet influential segment of the crypto community’s conviction that the network should retain the proof-of-work consensus mechanism. This group is primarily composed of miners who are keen to safeguard their earnings, particularly since Ethereum transitioned to the proof-of-stake mechanism on September 15.
Earlier, renowned crypto miner Chandler Guo, along with others, has advocated for ETHW, expressing concerns that Ethereum 2.0 could potentially displace crypto miners. ETHW is the native token for the EthereumPoW network, although only select exchanges support it. These exchanges enable individuals to engage in trading, with the token available for spot trading on platforms such as FTX, ByBit, and BitMart.
Alongside the mainnet launch, the EthereumPoW team rolled out an update, providing details on various alterations and resolutions. Since its inception, the network has recorded over 1.7 billion transactions and these continue to increase with time.
4 Best mining software for mining EthereumPoW
Ethereum mining software means access to EthereumPoW (ETHW) mining pools, remote interface capabilities, and miner log for a fee. Mining ETHW can be made easy if you are using the right cryptocurrency mining software. As a miner, you are guaranteed mining efficiency if you have the right ETHW mining hardware.
There are numerous ETHW mining software promising similar solutions however, most turn out to be a scam, and this makes it a tricky task to pick the best Ethereum mining software.
The list of best EthereumPoW mining software available below is randomly listed based on features and performance.
1. ETHminer
ETHminer (Windows) is a Mining software suitable for Microsoft Windows
ETHminer (Windows) is, without doubt, one of the most efficient as well as popular software for mining EthereumPoW and other Eth-based tokens like Ethereum Classic. Features like the Earnings per Minute” and “Earnings per Day” options are what make it stand out. It gives bonuses ranging from 10% to 100%. All this and more is what makes the platform popular among miners.
2. Claymore Miner
Clamore is also a great software for miners looking to make a profit mining EthereumPoW.
What makes Claymore stand out from other mining software is the fact that is properly optimized and users get updates regularly. It has a feature called dual mining that allows miners the liberty to mine two different cryptocurrencies simultaneously. For example, you can mine EthereumPoW and another token at the same time.
This separate mining mode makes it easy for EthereumPoW miners to avoid completely irrelevant stress while mining at an average speed and making more money in the process.
The platform is always coming up with new ways of pleasing clients, for instance, they recently pumped up the mining speed and gave room for Ethereum forks and they are also creating opportunities for other operating systems to access the software, as they currently are on Windows and Linux.
If you are looking for upgraded mining software for cryptocurrency mining, Claymore is what you need.
3. CGMiner
If you are looking for an EthereumPoW software that you can actually rely on, then you should consider CGMiner. It has been around for 6 years now, this means for that period of time, thousands of users have relied on it. It was built with C++ programming language this makes it available to users across various devices.
This software does not necessarily need machines with high graphics cards. Windows devices and Linux-based devices without graphics cards can make use of this software.
It was originally designed to mine Ethereum alone, so all its features are meant to make Ethereum mining easier. One of its popular features is the freedom it gives users to mine on multiple devices and mining pools. This feature is specifically beneficial to miners who want to mine solo.
This software is very easy to use, with just a few clicks, you can start mining. It also offers high mining performance for miners mining on the EthereumPoW network.
4. Minergate
For Mac users who are looking to mine, Minergate is a great option. With a Mac and the Minergate software, you will be able to mine Ethereum using the ASIC pool.
The platform has other features like the calculator and a cloud mining service.
It is not yet available for other operating systems, however, it is a long-standing mining software that has proven to be reliable, with an amazing graphical user interface that makes cryptocurrency mining run easier. It is suitable for solo mining or mining through Ethereum mining pools.
Ethereum Mining Software FAQs
What is Ethereum?
Ethereum is a blockchain platform just like Bitcoin, it is open source and is a decentralized software platform, has its own native token known as the Ether. Its use case is to serve as smart contracts and Distributed Applications (ĐApps). What this means is that Ethereum creates contracts, for developers and in exchange they pay the developer’s fee.
Why mine EthereumPoW?
Three years ago, for the first time, Ethereum’s market capitalization crossed 100 billion US dollars. Within the months that followed, there was a downturn, and by January of 2019, it had dropped to 11.2 billion US dollars. The rise and fall continued but by December 2020, the market had bounced back to 80 billion US Dollars. With this, you will be expecting a mediocre performance. If you are, you are wrong. The months that followed saw Ethereum’s market rise to over 150 billion US dollars. This was a record-breaking figure.
Following the Merge, the Ethereum network bifurcated into two distinct versions: ETH, operating on the PoS consensus protocol, and EthereumPoW (ETHW), upholding the traditional PoW algorithm. To elaborate, ETHW miners earn their rewards via Ethereum tokens when they successfully solve complex mathematical conundrums, while validators must stake their ETH to generate income.
Even prior to The Merge, EthereumPoW held a prominent place among Ethereum crypto aficionados, whose primary source of income was mining.
Validating Ethereum blocks has proven to be financially rewarding for miners. Considering the significant investments miners have made in their mining hardware, the thought of abandoning such a profitable platform to transition to PoS is far from appealing.
What is mining hardware?
Mining requires some special tools known as hardware, the most important tool among the required mining hardware is the ASIC miner. ASIC miners are computers that serve one purpose alone and that is to mine. The demand for mining makes it difficult for the regular computers to keep up, hence if you want to mine full time, you need the ASIC miners. Mining with the regular PC is a complete waste of time, as you would find yourself earning less than a cent annually after accumulating a huge electricity bill.
What Is mining software?
You don’t just mine out of the blue; you need software that can serve as a medium for mining. Mining software helps miners mine efficiently.
If you are mining EthereumPoW, the software needed can be accessed only through specialized mining hardware that has the capability to solve complex calculations. You can utilize the software to mine individually or as part of a mining pool, where you’ll be sharing both hardware power and profit.
A mining software creates hash rate access to miners while they remain anonymous.
Joining a mining pool vs solo mining
When miners come together to mine Ethereum, there is an improved chance of solving complex mathematical equations. More miners equals more Ether. Profit is shared as a reward for participating in the mining process.
A major concern for a miner is his hash rate. Any miner into Ether mining, or any other crypto mining should be concerned about having a good hash rate. Mining Ether among a pool of fellow miners makes cryptocurrency mining easier.
Both mining strategy has both advantages and disadvantages, for instance, mining as a member of a pool means constant revenue although small. In solo mining, the entire profit belongs to you, although it will take longer before you can mine a single token on your own.
Pooled mining tends to generate more income since you will be pulling resources with other co-miners, unlike mining alone that requires you to depend only on your own devices.
The burden of setting up a mining rig for individual mining is very expensive, but if you choose to mine as part of a mining pool, you’ll be spending less, since your output will also be reduced as other hands are on deck. A pool helps the individual miners to reduce the total electricity costs which is a major problem among miners.
Once a miner picks a pool, the next step is to pick an Ethereum wallet which is also important for coin mining. It doesn’t matter if you are using ASIC mining for your mining operation. Mining cryptocurrency has now been made easy since you now have access to pool mining, mining programs, and mining machines.
Whether you are mining solo or through mining pools, you need the best ETH mining software that suits your purpose.
Final thoughts
What you consider as the best EthereumPoW mining software may be different from what other miners consider. Choosing mining software for mining cryptocurrencies needs a background check on what the software offers because most mining software turn out to be completely different from what they promised.
A mining farm allows both Nvidia GPU miners and ASIC devices to mine fairly for equal mining rewards. The mining device no longer matters since CPU mining is now accepted.
EthereumPoW mining software minimizes the cost of mining rigs especially if the miner is using a pool. The collective hashing power makes it easier for them to have a higher hash rate.
