Saturday, 25 May 2024

Crypto Mining News

Dual Mining ETC, ETHW or ETHF plus ZIL For Better Profit

Dual Mining ETC, ETHW or ETHF plus ZIL For Better Profit

Now you have more options to increase your mining profit by dual mining not only Ethereum Classic (ETC) and Zilliqa (ZIL) on the mining pool thanks to the addition of EthereumPoW (ETHW) and EthereumFair (ETHF) pools that allow dual mining together with ZIL. EthereumPoW (ETHW) and EthereumFair (ETHF) are forks from Ethereum (ETH) that split after the Merge and continued to exist as Proof of Work blockchains. So, unlike Ethereum (ETH) that is now Proof of Stake (PoS) only you can mine these using GPUs or Ethash mining ASICs.

These two “newcomers” are much smaller in terms of networks with ETHW being the larger and more talked about one of the two compared to what ETH had prior to the fork, but they do present some opportunity for miners. Profit of mining these alone currently is not much different than what you get mining Ethereum Classic (ETC), but if you combine any of them with ZIL for dual-mining you can earn an extra 30-40% more than just by mining any of the coins alone, just like you could do with ETC after the fork. So, why not give them a try and try to make a bit more with your mining hardware.

On a side note, due to the higher profitability with dual mining and more people apparently noticing this option it also seems that Etchash profitability on NiceHash has also increased as of late compared to just mining ETC only. Do note however that the fluctuation of profitability on NiceHash can make bigger and sudden swings as compared to dual mining with ZIL that seems to provide a more steady and predictable profit calculation.

Since we have been dual mining ETC and ZIL after the Merge happened on the Ethereum network we’ve seen slight drop ETC in network hashrate after the initial peak, but the price of Ethereum Classic in USD/EUR also dropped a bit. So, all in all, while currently you might be able to mine some more ETC coins their total in fiat may be a bit lower than earlier this month. That is if you are mining and selling for fiat immediately.

To Get Started Dual-mining ETC, ETHW or ETHF and ZIL on the Mining Pool…

Click Here to Read the Full Original Article at Crypto Mining Blog…