An innovative Chinese miner has taken a unique approach by branching the Ethereum blockchain after the integration of execution and consensus protocols. This resulted in the birth of EthereumPOW, or ETHW for short. On September 15, 2022, Ethereum made a bold transition from a proof-of-work (PoW) consensus methodology to a proof-of-stake (PoS) system.
ETHPoW is a blockchain that emerged from Ethereum’s Merge and essentially represents the Ethereum version before the Merge. The main purpose of this Ethereum branch is to preserve the proof-of-work mining framework that is favored by ETH miners.
If you’re interested in mining EthereumPoW (ETHW), you’ve come to the right place. Our goal is to provide you with guidance on the best mining software for EthereumPoW (ETHW). By following our detailed recommendations, you’ll 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. A fork introduces significant changes to the operation of a blockchain network. EthereumPoW was created because a minority, yet influential segment of the crypto community believed that the network should retain the proof-of-work consensus mechanism. This group consists mainly of miners who want to protect their earnings, especially since Ethereum transitioned to the proof-of-stake mechanism.
Renowned crypto miner Chandler Guo and others have advocated for ETHW, expressing concerns that Ethereum 2.0 could potentially displace crypto miners. ETHW is the native token for the EthereumPoW network, although it is only supported by select exchanges. These exchanges allow individuals to engage in trading, with the token available for spot trading on platforms such as FTX, ByBit, and BitMart.
Along with the mainnet launch, the EthereumPoW team has rolled out an update that provides details on various changes and resolutions. Since its inception, the network has recorded over 1.7 billion transactions, and this number continues to grow over time.
4 Best mining software for mining EthereumPoW
Mining software for EthereumPoW provides access to EthereumPoW (ETHW) mining pools, remote interface capabilities, and miner logs for a fee. Mining ETHW can be made easier if you use the right cryptocurrency mining software. As a miner, you can expect mining efficiency if you have the right ETHW mining hardware.
There are numerous ETHW mining software options that promise similar solutions, but most of them turn out to be scams, making it difficult to choose the best Ethereum mining software. The list below randomly lists the best EthereumPoW mining software based on features and performance.
1. ETHminer
ETHminer (Windows) is a mining software suitable for Microsoft Windows. It is one of the most efficient and popular software for mining EthereumPoW and other Eth-based tokens like Ethereum Classic. Features like “Earnings per Minute” and “Earnings per Day” make it stand out. It offers bonuses ranging from 10% to 100%, making it popular among miners.
2. Claymore Miner
Claymore Miner is another great software for miners looking to profit from mining EthereumPoW. What sets Claymore apart from other mining software is its optimization and regular updates. It has a dual mining feature that allows miners to mine two different cryptocurrencies simultaneously. For example, you can mine EthereumPoW and another token at the same time. Claymore constantly introduces new features and improvements to please clients.
3. CGMiner
CGMiner is a reliable EthereumPoW software that has been around for 6 years. It is available across various devices since it was built with the C++ programming language. This software does not necessarily require machines with high-end graphics cards and can be used on Windows and Linux-based devices without graphics cards. It was originally designed for mining Ethereum, so all its features are meant to make Ethereum mining easier. It offers the freedom to mine on multiple devices and mining pools, which is beneficial for miners who want to mine solo.
4. Minergate
For Mac users looking to mine Ethereum, Minergate is a great option. With a Mac and the Minergate software, you can mine Ethereum using the ASIC pool. The platform also offers features like a calculator and a cloud mining service. Although it is currently only available for Mac, Minergate is a reliable mining software with an easy-to-use graphical user interface.
Ethereum Mining Software FAQs
What is Ethereum?
Ethereum is an open-source, decentralized blockchain platform similar to Bitcoin. It has its own native token called Ether and serves as a platform for smart contracts and Distributed Applications (ĐApps). Ethereum creates contracts for developers, who pay fees in exchange for their services.
Why mine EthereumPoW?
Ethereum has experienced significant market capitalization growth, making it a lucrative option for miners. Even after the transition to proof-of-stake, EthereumPoW remains appealing to miners due to the profitability of validating Ethereum blocks. The thought of abandoning such a profitable platform to transition to proof-of-stake is not appealing to miners who have made significant investments in mining hardware.
What is mining hardware?
Mining hardware, such as ASIC miners, is specialized equipment used for mining cryptocurrencies. Regular computers are not capable of keeping up with the demands of mining, so specialized hardware is necessary for efficient mining. Mining with regular PCs is not profitable and results in minimal earnings compared to the high electricity costs.
What is mining software?
Mining software serves as a medium for mining cryptocurrencies. It allows miners to mine efficiently by providing access to hash rates and facilitating anonymous mining. Mining software is essential for mining EthereumPoW and can be used individually or as part of a mining pool, where hardware power and profits are shared.
Joining a mining pool vs solo mining
Joining a mining pool increases the chances of solving complex mathematical equations and earning more Ether. Profit is shared among pool members as a reward for participating in the mining process. Solo mining allows miners to keep all the profits for themselves but may take longer to mine a single token.
Final thoughts
Choosing the best EthereumPoW mining software depends on individual preferences and needs. It is important to thoroughly research mining software options to ensure they deliver on their promises. Mining software minimizes the cost of mining rigs, and joining a mining pool can increase hash rates and reduce electricity costs. Whether mining solo or in a pool, having the right ETH mining software is crucial for successful mining operations.
