A lot of miners consider dual mining to be over. K1Pool is dispelling this myth. You can still succeed using dual mining, but the main thing is to set up a miner properly and choose an appropriate pair of coins. Which ones? Read our article to know more.
- What is Dual Mining, and How Does it Work?
- Which Coin to Choose for Dual Mining
- Why is Dual Mining of EthereumPoW and Zilliqa Worth it
- How to Dual Mine ETHW and ZIL
Every year mining is going through new stages of evolution. From solo mining to earning coins in pools, from standard video cards to extremely powerful ASICs. At the dawn of 2017 a new tendency – dual mining – has been picking up speed. It has offered a maximum profit with the same power consumption of graphic cards.
But how things are going now? What is a process of dual mining and whether to get involved in it, or is it just an illusion, which bodes a mountain of precious coins.
Dual Mining is earning two coins at once. Every algo has its own particularities and loads a graphic card in varying degrees. Memory, not a graphic processor, accepts the main doze of load. When we mine two coins at the same time, we activate computational capacity rationally. Computing resources are not wasting, and we get more profit. If you organize the whole process properly, your income will be greatly enhanced to recoup hardware purchase. When mining has been sophisticated, the whole world has moved to more powerful equipment, dual mining has become a salvation. Miners could increase their hardware cost-effectiveness without buying of a new one.
Except for such advantages, such a way of mining finds some downsides, which important to be considered before mining of two coins:
And you shouldn’t forget about electricity bills, which may drastically rise by 20-30%. However, experience shows such costs don’t have particularly impact on earnings. But today, in spite of mining two coins is not so popular as three years ago, K1Pool still believes in its efficiency. And for good reasons.
Dual Mining has its undeniable strengths:
Such a scheme works not with all cryptocurrencies. In most cases, dual mining is possible on the Ethash algo with the following coins you select as a key:
They are used in combination with:
Unfortunately, such coins like Bitcoin Gold, ZCash, ZClassic are impossible to mine in pair with EthereumPoW. They intensively use a GPU memory capacity, so they are suitable only to mine in solo regimen. As for dual mining of Decred, it is obsolete.
The list of coins for mining this way has constantly updated, which one to choose is a complex issue. Crypto market is marked with instability: coins value increases one day and decreases another. If you want to estimate its effectiveness from every angle, use a calculator. In any case, choosing not the most popular cryptocurrency you may do work for the long run.
But K1Pool assures the best couple to mine simultaneously is ETHW + ZIL. Zilliqa is the first public blockchain with the SHARDING technology, which organizes net according its size. Such a mechanism can resolve the problem of blockchain scalability. There are no limits for a number of transactions a second, and hash rate is depended on a number of node in the chain. Zilliqa protocol divides a chain between 600 parts of shards, thus unloading the net and preserving it computational capability.
ZIL can become the best coin for dual mining with ether due to a range of reasons:
The process of ZIL mining requires about 1 minute every 100 minutes, the rest time can be devoted to EthereumPoW or Ethereum Classic.
Last but not least, Zilliqa is one of the most perspective projects nowadays. Some consider the coin as an improved version of EthereumPoW. The team of ZIL founders consists of 15 brilliant developers and masters of their craft, who try to improve the platform through join efforts.
K1Pool has 0.1 ETHW and 50 ZIL minimum payouts with 1% pool fee only. You can dual mine both on AMD and Nvidia video cards with a number of miners:
Please follow "How To Start" guide to start ZIL mining: "How To Start".
Dual mining is a gold rush of 2021, but how we know, fashion comes and go. Today it’s a good chance to accumulate your fortune without buying a new hardware. Be sure to set miner right, choose a trustworthy pool and the right pair of coins, which will be cost-effective. EthereumPoW and Zilliqa are exactly what you need.
Keep in touch with us on Telegram to stay informed.