The Key to Staying Profitable When Mining Revealed by Software Startup

gepubliceerd op by Cointele | gepubliceerd op

A company has released the beta version of its cryptocurrency mining platform - the first iteration of "Simple to setup, highly automated" software that is aimed to appeal to newbies and seasoned professionals alike.

Its accessible technology means "Inexperienced miners can install and sit back while the software automates everything else," while experts have the chance to adjust advanced settings in line with their preferences.

Crypto enthusiasts with dedicated mining rigs can maximize earnings by tweaking algorithms on the "Advanced settings" page, where they can also see the results of all their benchmarks.

These features are reinforced by a dashboard where miners can examine data related to their mining performance, look at historic earnings, view hardware information and power levels, as well as keep a close eye on the health of their devices.

Mining: no longer a minefieldThe company says that its simplified approach to mining has struck a chord with crypto enthusiasts.

Overall, the crypto mining world has been suffering a crisis of confidence over the past few months - but with Bitcoin miners alone already generating $4.7 billion in revenue for the first nine months of 2018, there is still a lot to play for.

Cudo Miner ardently believes that "GPU mining is definitely alive and kicking," but its team argue that the strategies being adopted by some professional miners are diminishing their chances of making a decent profit.

The company's founders were motivated to find an accessible mining solution when they discovered "The huge amounts of computing power on laptops, PCs and servers" - with hardware often idle 60 percent of the time.

As a result, they sought to develop a solution that kills two birds with one stone: stopping resources from being wasted while maximizing profitability from mining by removing barriers to entry.

Within Cudo Miner, users can choose to mine anonymously in order to test the software without logging in.

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