Step-by-step instructions for setting up and launching the Phoenix Miner for new users
To date, cryptocurrency mining brings huge revenues. It is worth mentioning that the profit received by some miners can be estimated in millions of dollars. Naturally, do not forget about the costs in the form of paying electricity bills and other side expenses, but the total amount of profit allows you to get at least a couple of sports cars. If you have a desire to become part of a closed club of millionaires who have become rich on cryptocurrency, then you should start acting now. Therefore, today, you will learn how to become the owner of new coins with the help of PhoenixMiner.
PhoenixMiner – what is it?
This program is a miner which action is based on the Ethash algorithm. First of all, we are talking about such coins as Ethereum, Ethereum Classic, MOAC. PhoenixMiner can function on video cards from Nvidia and AMD, and according to the developers, this program “has the highest speed of mining Ethereum/Ethash with the lowest commission”.
It should not be surprising that the creators of the miner also pursue their own selfish interests, because everyone wants to live well, and therefore they will use your equipment for mining 0.65 percent of the time, which is not so much. When recalculated to real time, for 90 minutes of active mining, developers will only use the functionality of video cards for themselves for 35 seconds. Compare this indicator with the fact that on Claymore’s miner, developers take 1 percent of the time as a commission.
Cryptocurrencies available for mining on PhoenixMiner. Supported algorithms
Ethereum mining is mainly the reason for downloading PhoenixMiner, but this program can also be used for other algorithms. Next, a list of current functions for the latest version of the miner — 4.9 c will be presented.
- Ethash — Ethereum, Ethereum Classic, MOAC, Metaverse, Pirl;
- Ethash + Blake2s dual mining-there is no support for other additional algorithms;
- ProgPoW — Bitcoin Interest (BCI) support implemented in a test format;
- Ubqhash — Ubiq;
What is necessary for the work of PhoenixMiner
The program can work on video cards of two main manufacturers.
- AMD — Vega, 580, 570, 560, 480, 470, 460, 390, 290 and older models with a sufficient amount of VRAM;
- Nvidia-series 2080 ti, 2080,2070, 2060, 1080 ti, 1080, 1070 ti, 1070, 1060, 1050ti and older models with sufficient VRAM.
Please note: the installation of PhoenixMiner 4.9 is recommended. Versions of previous generations do not have support for DAG (Directed Acyclic Graph) after the 265 era, which excludes the possibility of mining Ethereum and Ethereum Classic on them. This article will give you more information about the DAG file itself and how it affects mining.
In addition, for the miner to work, you need to have Windows x64 (Windows 7, Windows 10, and so on) or Linux x64.
Where to download PhoenixMiner
Загрузка PhoenixMiner доступна на BitcoinTalk. Однако для большего удобства вы можете перейти в этот архив и скачать новую версию программы.
Below is an example of the correct one .bat-file for mining Ethereum on the 2Miners mining pool.
setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
PhoenixMiner.exe -coin eth -pool eth.2miners.com:2020 -wal YOUR_ADDRESS.RIG_ID
We remind you that YOUR_ADDRESS is your wallet. It is necessary to replace it before starting mining.
For example, 0x00192Fb10dF37c9FB26829eb2CC623cd1BF599E8
The situation is similar with RIG_ID — this is the desired name of rig. It is recommended to use no more than 32 Latin characters, numbers, as well as the characters ” – “and”_”.
For example, rig-1
After the launch of the bat file, changed to your parameters you will see the following pictur
Then we look for ourselves in the “Miners online ” tab.
The final and most desirable stage (for which everything was started) is the discovery of your data in the payout window. But it may take some time.