Without going too deep into details, a DAG is a file created every 30,000 Ethereum blocks. One thing to look out for before buying mining HW to mine Ethash is the DAG (Directed Acyclic Graph). Other coins using Ethash will not be affected, so your cards will still be able to function properly mining other Ethash coins. The good news are that this update applies to Ethereum only. This switch will render Ethereum as we know it obsolete. If you’re new to Ethereum mining, there are 3 important things you should know: Ethereum Proof of Stake updateĮthereum developers are planning to switch to Proof Of Stake using an algorithm called Casper. If you want a complete review of the different mining hardware around keep on reading. Finally, it’s important to keep track of Ethereum’s Casper update which might render Ethereum mining obsolete. There are two major GPU manufacturers to choose from: AMD and Nvidia. You can calculate Ehtereum mining profitability with an Ethereum mining calculator. For Ethereum mining to be profitable, you need to have the right gear at the right price. Ethereum Mining Hardware SummaryĮthereum mining is done using the Ethash algorithm which can be utilized using powerful GPUs. This post will cover the best GPUs on the market for mining Ethereum. The article below is kept for historical purposes and will no longer be updated.Įthereum’s Ethash algorithm quickly set itself as one of the go-to GPU mining algorithms on the cryptocurrency market. Two staking alternatives we recommend looking into are CEX.io and Binance. Important update: For our readers who are looking to make a profit with crypto, we recommend looking into Ehtereum staking as an alternative for mining.Įthereum mining is no longer possible Ethereum moved into a PoS algorithm in 2022, which rendered mining obsolete. Ethereum Mining Hardware Reviews & Comparison
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