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⭐ Features
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10 Popular Bitcoin Mining Software 2018

  • George Shnurenko
    ⭐ Features

    Whether you decide to mine alone or in a group, here’s a list of 10 best mining software

10 Popular Bitcoin Mining Software 2018
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin mining is concerned with how transactions are verified and confirmed on the Blockchain network and this is done using special tools and equipment.

What is a Bitcoin mining software?

A Bitcoin mining software works in collaboration with the relevant hardware to solve computational algorithms on the network and execute these transactions.

Steps to becoming a Bitcoin miner

Becoming a Bitcoin miner involves getting the best Bitcoin mining software. However, this is not all. Here are some other things you need to do.

  1. Get the appropriate Bitcoin mining hardware

  2. Get the best Bitcoin mining software

  3. Set up your Bitcoin wallets

  4. Begin mining

What factor should be considered before mining

Mining is no small feat. It is not surprising that there’s a high demand for some of the best Bitcoin mining software for windows. Before you become a miner, you need to research and strategize. In the course of your research, you’ll realize that certain factors rank highly in the scale of preference and you must give these factors serious thought.

In essence, what should you consider?

  1. The cost of electricity

  2. The cost of Bitcoin mining hardware

  3. The cost of Bitcoin mining software

  4. The cost of cooling

  5. Transaction fees

  6. Miner fees

It sounds like a whole lot of work, but really, it isn’t. After you settle these considerations, move on to some of the best mining software for Bitcoin and other currencies.

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CGMiner

CGMiner is a Linux-based software which was coded in C. For about six years now, it has enjoyed widespread usage among cryptocurrency miners and this is largely because of its compatibility. It uses a command line interface as opposed to GUI. However, it remains a very user-friendly interface. For example, the speed of the fan can be changed using very easy keyboard commands.

CGMiner was designed for hardware mining, although this does not stop you from using CPUs and GPUs. Also, when you consider the best Bitcoin mining software windows 10 works with, CGMiner is probably not going to be mentioned. This is because several anti-virus software blocks the download. The lack of a GUI might be a turnoff for some, but it doesn’t dispute the fact that this is a top-notch Bitcoin mining software.

EasyMiner

This is GUI-based and it is ideal for both Windows, Linux, and Android. Just as the name implies, it makes mining easy with its interactive GUI. When you set it up, the software is in a default “MoneyMaker” mode and this mode creates a wallet for Litecoins. In addition to this, it begins mining using the machine’s CPU instantly.

EasyMiner also serves as the frontend for mining software without GUI like CGMiner and CPUMiner. This makes it possible to dedicate your CPU and GPU to mining Litecoins while ASIC is dedicated to Bitcoin. The dashboard lives up to the hype and it is incredibly easy to navigate, change the mining pool, adjust the network settings, and carry out other activities.

BFGMiner

Just think of a CGMiner which was designed to work with application specific integrated circuits (ASICs), and you will end up with BFGMiner. This feature makes it arguably the best software for Bitcoin mining. Also, it is ideal for cryptocurrencies using the SHA256 mining algorithm. Like other popular mining software, it allows you to connect to multiple mining pools.

Also, it allows you to save electricity costs by limiting the connection when a particular mining pool is not reachable. It is also an open-source software, and like CGMiner, it offers a command line interface. Because of how versatile the software is, it can also be considered as the best Mac Bitcoin mining software.

Bitcoin Miner

This miner is available for Windows 10 and 8.1. The UI is easy on the eyes and the software boasts other factors which. The power saving mode, the support provided in mining pools, and the rapid share submission make Bitcoin miner one of the best mining software for Bitcoin.

BitMiner

Like many other Bitcoin mining software, Bitminer was introduced in 2011 and it boasts 450,000 registered users. The software offers flexibility and using it is considerably easier. However, considering the number of users, you might need to invest more in a reliable ASIC miner to gain ground when you join.

MultiMiner

This is a graphical user interface based mining software. Although it is hailed as one of the best mining software for Windows, it can work on Linux and MacOS too. Working on these platforms will, however, require additional software. This is, no doubt, the best mining software for new users who aren’t familiar with the Bitcoin mining space as it offers a user-friendly and intuitive design.

Basically, this mining software is excellent because it has the ability to make the process easy. It provides detailed instruction on how to connect to a pool after the software has been installed. In addition, those really confusing terms are clearly defined in this piece of software.

After the setup, the software automatically performs a scan and then detects the hardware being used. MultiMiner then provides details about the hardware which relates to the mining process. The fact that it can also display your projected profits make MultiMiner one of the best free Bitcoin mining software.

Although this software is free, you have the option of sending 1% of the profits you make from mining to the developer. It is not compulsory and you’re free to opt out at any time.

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BitMinter

BitMinter uses special mining pools which bear exactly the same nomenclature. It is also very easy to use and the process of getting paid makes it more attractive. This is regarded as one of the best software for mining Bitcoin as it supports Windows, Mac, and Linux. Although you get the software for free, it charges 1% commission for mining with them.

Phoenix Miner

This Bitcoin mining software is free and open-source. It was also released by two members of the Bitcoin community in April 2011. It also provides support for RPC, w/LP, and MMP. In addition, the kernel loads automatically and it was promised that irrespective of the source of a new and more efficient kernel, the better version will always be adopted.

BTCMiner

This is an open source miner which offers dynamic frequency scaling, allowing the miner to automatically select frequencies with high hash rates. It also works without Xilinx software or license.  

Pyminer

This is a ‘getwork’ CPU mining client which is used for mining Bitcoin. It is a Python-based toolkit and it is used to provide a reference implementation which can be studied. If you want to begin mining using this software, you are required to build and run Bitcoin from source on your PC. Although the project was announced over 7 years ago, it is still quite slow compared to other Bitcoin mining software. This is because it is pure-python.

Conclusion

”What is the best software for mining Bitcoin?” Well, this question has 10 different answers you can pick from now. Based on the hardware you have available and the scale of your mining operation, you can begin mining using any of the software recommended.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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