Which algorithm is most profitable NiceHash?
Right now, DaggerHashimoto (aka, Ethash, what Ethereum uses — a modified variant of DaggerHashimoto) tends to be the most profitable, though sometimes Octopus, Kawpow, or some other algorithm might climb to the top.
In some edge cases, NiceHash Miner will not pick what should be the most profitable algorithm but will pick a second most profitable algorithm.
| Algorithm | Ethash (ETH) | Octopus (CFX) |
|---|---|---|
| Algorithm Hashrate & Wattage | Ethash (ETH) 98 MH/s - 220W | Octopus (CFX) 84 MH/s - 255W |
| Algorithm MH/Watt | Ethash (ETH) 0.445 MH | Octopus (CFX) 0.329 MH |
| Algorithm MH/Dollar | Ethash (ETH) 0.045 MH | Octopus (CFX) 0.038 MH |
RTX 3060 Ti is the best mining GPU regarding efficiency. It can hash at practically the same hashrate as RTX 3070 but has fewer cores which means it can draw even less power. This makes it more efficient than RTX 3070.
Start mining and write down power usage from the power meter monitor and current hashrate. Use MSI Afterburner to lower the Power Limit to 85% and write down the power usage and hashrate again. Lower the Power Limit by another 5% to 80% and write down the power usage and hashrate again.
Dagger is an algorithm created by Vitalik Buterin. It uses directed acyclic graphs to achieve memory-hard computations and memory-easy validations at the same time. It is meant to be an alternative to algorithms such as Scrypt, but was proven to be vulnerable to shared memory hardware acceleration.
Dont Use Nicehash Optimized Settings - YouTube
| ALGORITHM | HASHRATE | MINERS |
|---|---|---|
| Qubit stratum+tcp://qubit.auto.nicehash.com:9200 stratum+ssl://qubit.auto.nicehash.com:443 | 5.1062 TH/s | 581 |
| Quark stratum+tcp://quark.auto.nicehash.com:9200 stratum+ssl://quark.auto.nicehash.com:443 | 0.0720 TH/s | 10 |
If you are using NiceHash Miner for mining, you do not need to worry about the orders on a specific algorithm. If there aren't any orders on the algorithm you are currently mining on, the software will automatically switch to the next most profitable algorithm for your hardware.
NiceHash Miner will automatically switch to the most profitable algorithm and coin. This will save you precious time which you can now spend with your family and friends instead. Additionally, NiceHash pays mining earnings in Bitcoin, no matter what algorithm or coin you are mining.
What algorithm does NiceHash use?
| ALGORITHM | HASHRATE | MINERS |
|---|---|---|
| Qubit stratum+tcp://qubit.auto.nicehash.com:9200 stratum+ssl://qubit.auto.nicehash.com:443 | 5.1062 TH/s | 581 |
| Quark stratum+tcp://quark.auto.nicehash.com:9200 stratum+ssl://quark.auto.nicehash.com:443 | 0.0720 TH/s | 10 |
SHA-256 is a cryptographic hash algorithm that produces a unique 256-bit alphanumeric hash value for any given input, and that is the unique feature of this cryptographic algorithm: Whatever input you give, it will always produce a 256-bit hash.
