2Miners Crypto Mining Blog

Big blocks on EthereumPoW blockchain; planned ERGO block reward reduction; multiple node updates, new servers deployed.

Ethereum switch to POS; new pools: Neoxa and EthereumPoW; Expanse, Metaverse, and MimbleWimbleCoin delisting; BTC payouts for Ergo and Ravencoin; node updates.

The major event in the mining industry in 2022 is Ethereum’s shift to the PoS consensus algorithm that has put an end to ETH mining on GPUs. Computing equipment owners have to figure out what coins would be the most profitable for mining as an alternative to ETH. One such alternative is Neoxa, targeted at the gaming industry. Let’s get to know this cryptocurrency better and learn how to mine it.

At the beginning of September, Bitmain’s Antminer E9 learned to mine Ethereum Classic (ETC), which became quite popular due to Ethereum’s switch to PoS. Bitmain managed to do that by upgrading the firmware, which was possible thanks to Ethash’s similarity to Etchash. As a rule, ASIC miners can’t change their operating algorithm. For example, ASICs built for Equihash can mine only Equihash – primarily we talk about Zcash ZEC and Horizen ZEN. In this article, we are going to cover the current situation with Equihash devices.

On September 15, Ethereum successfully switched to the PoS consensus algorithm. A few hours later, anonymous developers forked Eth blockchain and launched the Ethereum PoW coin. It operates like Ethereum was operating before, using the Proof-of-Work mechanism (mining). Since we’re dealing with the fork, ETH wallet holders could get access to ETHW through the alternative chain. Let’s try getting it through MetaMask wallet.

A year ago 2Miners mining pool released a unique feature of Bitcoin payouts for the Ethereum mining pool. Now we are spreading this option to the mining pools of other coins. In this post, we explain how the BTC payouts work and how could miners benefit from this feature.

In 2020 we posted one of the most read articles on our website. It is called Confessions of a Miner: How Much I Made in a Few Years of Mining. In the past two years over a thousand people were reading it daily. The author, an anonymous member of the 2Miners chat, has reached out to us asking to post his new article. It’s about the upcoming end of Ethereum mining and the future of cryptocurrency miners.

This summer the most well-known ASIC miner producer Bitmain released the new Antminer E9 device for Ethereum mining. E9 delivers a huge hashing rate of 2 400 MH/s which could be compared to 25 of Nvidia’s high-end RTX 3080 graphics cards. With the Ethereum going to POS soon Bitmain has just released the new firmware that allows Ethereum Classic mining on E9. Let’s have a look at how to set up this ASIC for ETC.