Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization.
Ethereum was designed by Vitalik Buterin back then in 2013 when he was just 19 years old and since then has become the world’s best crypto alternative to Satoshi’s Bitcoin.
It is very hard to get Ethereum, except mining it, purchasing it or getting it as a reward for performing certain tasks, sometimes taking surveys, clicking Ads and even just following some social media accounts could also earn you some units of Ethereum.[irp]
It not absolutely possible to mine Ethereum and Bitcoin on mobile devices however, it is possible to mine them on Personal Computers (PCs). Mining Ethereum needs some basic requirements which includes but not limited to:
- Mining software
- Digital wallet
- Power supply
In this article I will be listing top five (5) software applications for mining Ethereum on PC.
Top five (5) free Ethereum mining softwares
There are many Ethereum mining softwares or platforms out there but the ones highlighted below are solely our own opinions and not approved by any other blockchain authority.
1. Cudo Miner
Cudo Miner is a cryptocurrency miner packed with features that help you earn as much money as possible from your laptop or PC. Cudo Miner is easy to install, safe on your hardware and secure to use. Supporting GPU, CPU and ASICs with a dedicated web console for monitoring and remote management of all your devices. Cudo Miners platforms are fully automated and optimised for both profit and the highest performance on Windows, Ubuntu (Linux), CudoOS and ASICs.
2. Hashing 24
Hashing24 is the easiest and most convenient way to mine digital currency. it is convenient and easy to use service that provides cloud mining services to mine BTC. Cloud mining is provided by companies that lease their own computing power. This equipment is used for mining cryptocurrencies, and the company receives a portion of the remuneration.
Digital currencies introduced new financial tools and their value has grown tremendously over the last few years.
Cryptex Finance is an Ethereum-based protocol that lets investors, traders, funds, and DeFi users get exposure to the total crypto market capitalization.[irp]
Through smart-contract implementations, the protocol leverages over-collateralization schemes and blockchain oracles to create a synthetic asset called TCAP that tracks the market cap of cryptocurrencies and tokens listed on the largest crypto data providers in the world. Some of these data providers include Chainlink, Coinmarketcap, Nomics, Coin Paprika, and Coin Lore. CTX tokens can also be used to compensate for black swan events that may leave TCAP vaults under-collateralized.
4. Miner Gate
MinerGate is one of the largest multicurrency mining pools, where users join resources to get a share of profits. The project was started in 2014 by a group of blockchain enthusiasts, led by Claude Lecomte. MinerGate operates with 10 coins and supports 4 major mining algorithms.
This means that while mining on the pool, you can mine different coins simultaniously without decrease of hashrate for major coin.
WinEth is an intelligent mining application that pairs the performance of amazing open source miners like Ethminer with a sophisticated auto-configuration algorithm that can configure the miner for optimal performance automatically on nearly any hardware combination.
In case you are not aware
- The Ethereum platform has a native cryptocurrency, known as ether, or ETH. Ethereum itself is a blockchain technology platform that supports a wide range of decentralized applications (dApps), including cryptocurrencies. The ETH coin is commonly called Ethereum, although the distinction remains that Ethereum is a blockchain-powered platform, and ether is its cryptocurrency.
- Ethereum mining is the process of creating and generating new Ether (ETH) coins and verifying transaction blocks. Once this is done, the blocks are added to the immutable blockchain ledger.