Overview

01/02/19 08:22 UTC-4

The CGMiner mining program, as a method of mining cryptocurrency

Overview and description of the CGMiner mining program for the extraction of cryptocurrency
Overview and description of the CGMiner mining program for the extraction of cryptocurrency

The CGMiner mining program is one of the most popular cryptocurrency mining applications among experienced miners. This is a console program, that is, it does not have an interface shell, which makes it much more difficult for an inexperienced user.

Interesting in the section: Proof of Work (PoW) – consensus algorithm and mining-tool

 

Program description

Given the complexity of working with this application, it is obvious that the program is designed only for experienced miners. In order to start working with the application, it is necessary to have a good understanding of the principles of cryptocurrency functioning, and to understand that it is necessary to deal with software codes.

CGMiner supports significant overclocking of the video card, as well as almost all settings of modern pools. Also, the mining application allows you to get a high MH/S index on the CryptoNigh algorithm. The program works according to the NeoScryp algorithm, which, in turn, significantly increases the amount of cryptocurrency mined.

To set up CGMiner, you need to download the configuration file and set the necessary mining parameters in the form of appropriate codes. The same applies to connecting to various mining pools or connecting a specific crypto-coin to mining – the settings are also written in code.

 

Work principles

CGMiner is not adapted to work with CUDA technology. Therefore, it is not customary to use it for working with NVIDIA video cards.

The best option in choosing a video card for CGMiner is different AMD models.

The program can be equipped with mining strategies, such as Load Balance and Round Robin, this will help increase the amount of coins received. In addition, the program can work through proxy servers (intermediate server, intermediary between the user and the target server).

The CGMiner program has a number of effective tools for accelerating the GPU (graphics processing unit, video card), which actually affect the rotational speed of the coolers.

Interesting in the section: Crypto Mining "Farms"

From the minuses of the CGMiner application: since there is no graphical shell, the time of artificial delays, as well as the width of the vectors, the time of reconnection – will have to be specified as a code in the configuration file (settings).

 

Editor: Yuliya Soroka

#CGMiner #mining #cryptocurrency #AMD #videocards #NeoScryp

Comments

Similar

04/10/18 10:41 UTC-4

Cloud mining – a way of quick earnings or fraud scam?

Today, cryptocurrencies have become not only a fashionable trend and an element of pop culture, but also an effective way for additional quick earnings. Along with mass popularization of digital financial assets, non-specific terms began to appear in everyday speech usage, such as: mining, cryptocurrency trading , cloud mining, ICO, forks, tokens, crypto-exchanges, etc.

06/02/19 03:32 UTC-4

GUIminer multifunctional miner for Bitcoin

​The GUIminer mining program is an excellent solution for those who have just started cryptocurrency mining. The miner is suitable for Bitcoin and Lightcoin mining. GUIminer is a multi-application, as it is suitable for mining coins and using the GPU (graphics processor unit, video card), and with the CPU (central processing unit).

04/02/19 05:34 UTC-4

Ufasoft Miner mining-application – a solution for advanced users

​Console Ufasoft Miner mining-program is an application for mining cryptocurrency without a shell and interface. A program may seem complicated to novice miners, but in fact Ufasoft Miner does not require the introduction of complex program commands.

04/01/19 03:26 UTC-4

ASIC mining: how it works and how profitable it is today

​With the advent of cryptocurrencies, there is another opportunity for earning and running a business. Mining allows not only to maintain the viability of cryptocurrency, counting transactions, but also to have an additional source of income.

31/10/18 11:17 UTC-4

World Mining: overview of the Cloud-Mining Service

World Mining is a cryptocurrency company that independently develops electronic currencies and provides its facilities for rent. The company is engaged in BTC and LTC mining on the power of about 68PH/s. Initially, the platform was engaged in mining cryptocurrencies exclusively for themselves. After that, for the advancement and development, a new system was launched, and customers had the opportunity to rent power and computing equipment.