After the collapse of Terra, Celsius, and more recently 3AC and Voyager, a pattern is starting to emerge. It turns out that the high yields of cryptocurrencies and algorithmic stackcoins are not actually sustainable in a bear market (to anyone’s surprise), and as a result, cryptocompanies whose value proposition meets the above criteria find themselves in a desperate position, not a group, but echoing their “Money for Nothing” hit. Here’s a list of cryptocurrencies you should probably avoid:
Because the value of Bitcoin is falling, the mining equipment has begun to operate at a loss. Electricity costs are rising and profits are falling. As Bitdeer points out, some equipment, like Antminer, that was produced in 2019 has stopped making a profit. So far, devices such as Antminer S19 and Whatsminer M30S+ and Antminer S19j are profitable.
Michael Saylor: “Bitcoin will never hit zero” . In an interview with Squawk Box on CNBC, prominent Bitcoin proponent Michael Saylor stated that BTC skeptics and opponents have failed. He mentioned a bill to regulate cryptocurrencies in the US, which Senators Kirsten Gillibrand and Cynthia Lummis have already completed work on.
U.S. firm Crusoe Energue, which specializes in using surplus natural gas for Bitcoin BTC mining, will soon begin deploying generators and equipment to collect the flared gas in Muscat, the capital of Oman. Crusoe CEO Chase Lochmiller commented that the company considers its presence in the Middle East and North Africa region important because that location accounts for 38% of global excess natural gas flaring from oil wells.
TeamRedMiner TRM 0.10.0 is an optimized miner for AMD GPUs and Xilinx FPGAs created by todxx and kerney666. We decided to release public beta 0.10.0 to collect more user feedback without running automatic updates on mining distributions. The main reason is that we still have some unusual configurations that do not respond properly to the new R mode. When it works as intended, which is about 95-97% of all the installations we tested on, everything works very well. If you are not using the new R mode or are a Windows miner, you still have the benefit of using this new version to overwrite the “smooth power” described below.
CryptoDredge is an easy to use and optimized cryptocurrency mining software. It takes full advantage of modern NVIDIA graphics cards through the use of unique optimization methods, and CryptoDredge has also paid great attention to stable power consumption. These advantages, along with a very low developer fee, make our product one of the best public miners. DevFee 1-2% – developer fee is 1% (2% for MTP). It is available for both Windows and Linux mining.
GMiner 2.78 added LHR unlock for RTX 3050 on Ethash (standard lhr setting for this card is 58%). Due to its unique development and stability, the miner has become a favorite on Equihash algorithms in just six months. The miner is focused on NVIDIA and AMD platforms and supports most popular algorithms such as: Ethash, ProgPoW, KAWPOW, Equihash, CuckooCycle. GMiner maintains the leading position in mining coins such as Beam, Grin, Cortex, Bitcoin Gold. In 2020, the miner added support for Ethash, ProgPoW and KAWPOW algorithms with high performance relative to competitors.
T-Rex Miner 0.25.2 is a universal program for mining cryptocurrencies on Nvidia cards. It supports many algorithms, and we, as developers, try our best to make it as fast and user-friendly as possible for users. Developer fee is 1% (2% for Octopus, Autolykos2 and their dual-mining modes). Works on both Linux and Windows. Supports algorithms: KAWPOW MTP Mtp-Tcr ProgPOW Tensority Etchash Ethash ProgPOWZ progpow-veriblock progpow-veil octopus autolykos2 Multiple
Polaris Bios Editor is a tool with simple settings to tweak the bios of AMD GPUs. New version of PBE 3 Pro with improved performance timings, automatic overclocking and reduced voltage (energy saving), ETH, XMR (CN), as well as special timings to increase mining speed for all miners. PBE 3 PRO recognizes and applies custom performance timings for more memory types (compared to PBE 1.6.7), such as H5GC8H24MJ and H5GQ4H24AJ, timings for this type are also available for mining ETH or XMR, you just choose the one you need .