Owing to the importance of this tool, we have decided to dedicate this crypto review section to the exploration of the fundamentals of crypto mining software and the best crypto mining software in the crypto landscape. More importantly, we will introduce you to some of the factors that you should consider when choosing a crypto mining software.
What Is Cryptocurrency Mining?
Blockchain, the underlying technology powering cryptocurrency, implements consensus mechanisms that could allow users to earn rewards in exchange for validating transactions and finding new blocks. Cryptocurrencies utilizing blockchains that obey this principle are what we know as mineable coins. In essence, a mineable coin is a digital asset relying on complex procedures for the creation of new coins. Here, users can partake in a competitive process to stand a chance of being the recipient of the new cryptocurrency created.
To partake in this process, interested miners must put their computing power to work to solve difficult problems. While this is a given, the difficulty level of the mining procedure depends on the crypto network and the unique algorithm implemented for the consensus mechanism. In the case of most cryptocurrencies, the difficulty level of the mining process is directly proportional to the number of miners vying to find a new block. Therefore, the more the people or entities mining at a given time, the more difficult it is to mine new coins.
Hence, the complexity of the bitcoin mining process has increased over the years, and the computing requirements for this process have exponentially increased. In the early days of Bitcoin, anyone could pick up a computer and mine on the network. On the contrary, a modern-day bitcoin miner has to own specialized bitcoin mining rigs or machines that would boost his or her mining capacity or chances of finding new blocks. These machines are Application-Specific Integrated Circuit (ASIC) specially designed for the mining of cryptocurrencies. Also, they could join a bitcoin mining pool, which is a network of crypto miners that have agreed to combine their computational power and share the earnings generated from mining crypto.
On the downside, utilizing ASIC machines, as opposed to everyday computers, contributes to the cost of mining cryptocurrencies. This notion holds as ASIC mining gears consume a lot of electricity.
Having covered the basics of cryptocurrency mining, there is a need to explore crypto mining software, which allows you to connect your device or mining rig to the blockchain network you wish to carry out your mining activities.
What Is Crypto Mining Software?
Crypto mining software is any tool that lets you connect your mining rig to a blockchain network, monitor its condition, track the work done, and control your rigs remotely. Likewise, mining software is crucial for people looking to opt for crypto mining pools. A typical mining software tracks your mining device’s hashrate, its temperature, the number of cryptocurrencies you have earned, and the condition of the cooling fans.
Note that crypto mining software does not offer features that will help you to drastically reduce the amount of electricity that your mining rig consumes. Ideally, crypto mining software only gives you information relating to electricity consumption and nothing more. In any case, all of the information on your cryptocurrency mining program helps you gauge your successes and determine whether you are making profits or losses. This use case is one of the major reasons why picking the right mining software is vital for miners.
What Are the Different Types of Crypto Mining Software?
There are various ways we can classify crypto mining software products. However, for this review, we will stick to two major classification methods and discuss the subclasses that fall under each. The first is a classification based on the type of interface that the mining software avail. The second is the classification relating to the type of devices the mining software supports.
Classification Based on The Interface Adopted
This class of crypto mining software is suitable for the not-too technically-skilled miners or beginners. The reason being that such crypto mining software avails Graphic User Interface GUI, which makes the process of mining a tad easier. A GUI has a user-friendly interface where users can simply click on an icon or button to command the software to carry out a process. For example, you can reboot your mining rig with the help of your mining software by clicking one or more buttons.
On the other hand, there is the Command-Line Interface crypto mining software. Unlike GUI software, users can only operate this type of software by entering commands. Needless to say, crypto mining software products that fall under this category are more appropriate for miners who are experts and adept in computer programming.
Classification Based on The Type of Device Supported
Recall that we mentioned that people used to profitably mine bitcoin with their computers. While mining bitcoin has progressively entailed the utilization of specialized rigs, nonetheless, some cryptocurrencies are yet to attain the level of complexity associated with bitcoin. In some cases, the teams backing mineable cryptocurrencies have implemented protocols that will make it impossible to mine new coins with ASIC machines. Thus, it is still very much fashionable to mine with personal computers, as GPU software is essentially suited to enable this mining model.
On the contrary, the ASIC crypto mining software supports specialized mining rigs and comes with all of the features to ensure that users can monitor the performances of their machines.
What Are the Factors to Look Out for When Choosing the Best Crypto Mining Software for You?
Like many of the niches available in the crypto space, the crypto mining software scene is buzzing with different software providers vying to capture a majority share of the market. And so, it is crucial to analyze integral factors that separate quality platforms from the mediocre ones. The factors explained in this section are vital when searching for a crypto mining software that best suits you.
The Beginner Friendliness of The Software
When you are on the lookout for a top crypto mining software, do not forget to consider its beginner-friendliness, as it determines how easy it is to navigate the site and use its features. This notion is especially true for newbies who are just trying out crypto mining for the first time. The appropriate thing to do is to ensure that the software supports the GUI interface. With this, you don’t need to know all of the commands going back and forth in the background when you activate a process on the software. You can simply monitor your mining activities and regulate your rigs with just a click of some buttons.
The Type of Mining Device the Crypto Mining Software Supports
After examining the user-friendliness of the software, the next line of action is to determine the type of mining devices that the software supports. From our discussion regarding the classification of crypto mining software based on their compatibility with GPUs or ASIC miners, it is clear that the intensity of your mining operations matters when choosing a software. If it is a GPU device that you are looking to utilize as your primary mining tool, then the right thing to do is to seek out a software that suits your mode of mining. The same principle applies to individuals with ASIC miners.
The Operating System Compatible with The Crypto Mining Software
Just as mining software providers could pick the devices and interfaces that their products would adopt, so also, they have the liberty to pick the number of operating systems they are willing to create versions of their products for. Based on this argument, the onus falls on you to ascertain that the crypto mining software you are considering support the operating systems of your devices. Doing this is important, considering the proliferation of mining software that exclusively caters to only one operating system.
The Number of Cryptocurrencies That You Can Use the Software to Mine
Although bitcoin mining is arguably the most popular mining activity as of the time of writing this review, however, it does not hurt to diversify one’s crypto activities to maximize profits. There are cryptocurrencies, other than bitcoin, that promise miners more earnings since mining them do not entail a lot of power consumption. As such, it is advisable to go for mining software that caters to a plethora of mineable cryptocurrencies, as opposed to sticking to one with a rigid system. Nevertheless, ensure that you carry out due diligence when choosing a cryptocurrency to mine, especially now that the competition in the mining landscape is so stiff.
The Availability of Web and Mobile Infrastructure
The essence of adopting a crypto mining software is to have insight into the entirety of your mining operations. Therefore, common sense states that your mining software should avail web or mobile infrastructure that will allow you to keep an eye on your mining rigs on the go. Thus, we advise that you opt for crypto mining software with remote tracking features, particularly if you envisage that you might not have the opportunity to stick around and carry out on the spot checks.
The Feedback Mechanism of The Mining Software
It is standard to access quick answers to frequently asked questions relating to crypto mining-related issues on your downloaded software. However, the real tricky part of customer support comes to full effect when you have a unique complaint and are on the verge of contacting official representatives of the software provider. To circumvent all of the challenges associated with poor customer service, it is imperative to analyze the customer support culture of platforms providing mining software products to miners. Here, look out for the availability of 24/7 support and the number of channels where you can access quick response.
The Update Culture of The Software Provider
The importance of receiving quality updates as at when due is another detail you ought to consider before picking a mining software. We suggest that you only go for providers that have a knack for updating their software to ensure that users continue to get premium services. Some of the perks of updates are the fortification of security and privacy protocols, the addition of one or two features to aid users to track their activities better, or the introduction of a function that gives users more control over their operations.
How Did Cryptolinks Compile Its List of The Best Cryptocurrency Mining Software?
After considering the influx of crypto mining activities and how it remains one of the integral ways to earn crypto, we at Cryptolinks have, therefore, gone ahead to review the niche and highlight some of the crypto mining software provider that has excelled in the market. As always, we relied on an organic review methodology that eliminated the element of bias and gave us unfiltered insights into the workings of crypto mining software.
Also, we based our review on the factors listed in this guide, starting from the type of interface available on the software and how it affects beginner friendliness. Then, we took a look at the specification of each software as regards the hardware device that each is compatible with. The number of operating systems supported also came to play. Thereafter, we considered the versatility of each software, which informed us about the broad array of cryptocurrencies they support.
Not forgetting that the remote capability of crypto mining software is vital, we assessed the infrastructure put in place to allow users to track crypto mining activities in real-time. Next, we gauged the customer support of each cryptocurrency mining app, and we emphasized the ability of the provider to offer a 24/7 feedback mechanism. Lastly, we examined how frequently each platform releases new updates.
At the end of our review, we found 8 crypto mining software platforms that exhibited top-quality performance and deserved a mention on our prestigious list. We suggest that you take a look at the separate review of each product on our list before making your choice.