Earn Daily Ether Dividends (Ethereum) with EMBS

22 Oct
2015

An increasing number of people see Bitcoin’s disruptive power every day. If Bitcoin technology is about a rupture in the old centralized database model to a new decentralized database model – where third party interference is not possible – Ethereum’s technology (Blockchain 2.0) can go even further.

Ethereum enables you to create any software/app in a decentralized way, where downtimes, censoring, and arbitrariness are not possible. Metaphorically speaking, if Bitcoin will replace credit cards and money remittance companies, Ethereum will replace entities that provide support to today’s contracts, like notary public offices, who solely exist for this purpose.

The Ethereum technology platform development gets faster every day. A few weeks ago, Augur crowdfunding raised over $5 million, becoming one of the most funded Ethereum companies in the world. Additionally, Mist wallet was launched, which will enable you to store your Ethers and make smart-contracts as well.

Ethereum has already proven to be a highly profitable project for investors. Those who invested in early Ethers’ crowdsales – currency used for payments in Ethereum code – made up to 10x their investment’s value.

This technology’s early investors have everything to gain. That is why bnktothefuture.com created #EMBS – Ethereum Mining Backed Security Fund.

What is the Ether Mining Backed Security?
Ether Mining Backed Security (EMBS) was created by BnktToTheFuture as a niche investment product for investors that want to invest in Ether cryptocurrency. It is an investment product that combines daily income denominated in Ether with the potential for high return capital growth. It utilizes new alternative financial innovations like mining and cryptocurrency (Ether) to create an expected high risk, high return investment opportunity.

– If you wish to join this opportunity, there are only a few days left, learn more about EMBS…

NiceHash Miner, a New Profit Switching Mining Application

21 Oct
2015

nicehash-miner

The guys at NiceHash have released a beta version of their own easy-to-use best-profit auto-switching application called NiceHash Miner. The software detects what crypto mining capable hardware you have in your systems (for now supports only Nvidia GPUs and CPU mining), checks your hashrate and automatically switches to the most profitable algorithm available to give you the best profit for your hashrate. All you have to do is download and run the miner, choose the server location and enter your Bitcoin wallet address where you want to get your coins sent at and you are almost ready to start mining and maximizing your profit. As a backend the NiceHash Miner relies on the cpuminer-multi form tpruvot for CPU mining and to the ccminer forks from tpruvot and sp for the Nvidia GPU mining.

nicehash-miner-benchmark

The first time you run the NiceHash Miner software you will need to go through the Benchmark mode in order for the software to determine what your mining hashrate will provide in terms of hashrate for the different supported algorithm. Then you are ready to start mining with all or only a few of the mining capable CPUs/GPUs you have available – you can choose what you want to mine with. There is however still no support for you to chose only some of the supported algorithm, so you are stuck with all of the available in the software. We are probably soon also going to see an OpenCL miner such as sgminer integrated to add support for AMD GPUs as well, but for now if you have AMD GPUs you can still rely on the Miner Control Tool for example for automatic profit switching at NiceHash/Westhash. Their own tool does look promising and works pretty well, but it needs more work and features, also do not forget that it is still in beta. Still you might want to give it a try though…

– To download and try the latest NiceHash Miner beta software (binary releases)…

Ethpool Now With New Stratum Etherum Mining Support

20 Oct
2015

qtminer-stratum-ethereum-miner

Ethpool was the first mining pool for mining Ethereum’s Ether coins, however it had some issues, was down for a while and then returned with a new concept – predictable solo mining pool. A predictable solo mining pool allows you to do pooled mining with a solo mining payment scheme, meaning that the miner who contributed the most work to the pool for each round will receive the full reward of the found block (or uncle) and his work account (credits) will be reset to his current credits minus the credits of the runner up miner. This simply means that depending on your available hashrate it may take more time to get your reward, but once you get it it will be a full block reward. Apparently the downtime and the new concept along with the low exchange rate for Ethereum’s Ether coins lately are not doing Ethpool much good, but they have not stopped working on new things.

The latest addition is stratum support instead of the getwork that is typically used by the regular ethminer software. The introduction of stratum support requires users to use a special fork of ethminer that is called qtminer (source) that has been developed by Ethpool and is ONLY supported by their mining pool for the moment. A while ago another pool – Dwarfpool, has introduced a Stratum proxy as we’ve mentioned earlier on the blog, but their proxy implementation is not as good as actually having a dedicated stratum protocol supported by the miner itself.

The command line of qtminer is very similar to that of Ethminer, you can check the HELP.txt file included in the Windows binary available for download below for the supported commands. As with ethminer, qtminer supports OpenCL mining on both AMD and Nvidia GPUs, there is no CUDA support available for Nvidia for the moment, and you should not be getting much different performance in terms of hashrate between ethminer and qtminer (AMD video cards still perform better than Nvidia ones). The actual difference is in the protocol used to get shares and submit them which should result in improved performance when you are using stratum instead of getwork due to better efficiency of the stratum communication protocol. Do note that you can still use Ethpool with ethminer and the getwork protocol if you are not satisfied with the results you get from the new qtminer with stratum support.

The new qtminer stratum pool supports vardiff, so the difficulty will be automatically adjusted by the pool itself based on the hashrate you submit thus taking the guesswork and the need to find the optimal difficulty yourself. The result should be more efficient getting of new work and submitting of solved shares using constant stratum connection to the server and thus more mined coins for the same period of time as compared to using ethminer with getwork polling the server all the time. Looking at the logs of the qtminer and testing briefly the new stratum miner is showing that it works better than ethminer, make sure you allow a bit of time to get a good estimate on the current hashrate reported by the pool and estimated earning before drawing any conclusions. You should definitely give qtminer a try if you are currently mining for Ethereum’s (ETH) Ether coins on a pool with the traditional etminer, you might be pleasantly surprised by the improvement.

– To download and try the new qtminer Ethereum miner for Ethpool with stratum support for Windows…

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