If you’re looking to get into the Ethereum mining game, one of the best ways to do it is with an Antminer L3+. With a hash rate of 504 MH/s, this miner is one of the most efficient on the market, and will net you a decent amount of Ether over time.
However, there are a few things to keep in mind before you make your purchase.
First and foremost, Ethereum’s mining algorithm is different from Bitcoin’s. This means that you can’t use an ASIC miner for Ethereum; you’ll need to use a GPU or CPU instead. The Antminer L3+ is an ASIC miner, designed specifically for Bitcoin mining. However, it can still be used to mine Ethereum.
with a little bit of work.
To get started, you’ll need to download and install the Claymore Dual Miner software. This software will allow you to mine both Ethereum and Decred (another cryptocurrency) at the same time.
NOTE: WARNING: Mining Ethereum with Antminer L3+ is not recommended due to the low hash rate of the device. It is possible to mine Ethereum with Antminer L3+, but it requires a very long period of time to generate a return on investment. Additionally, the high electricity cost associated with mining can make it difficult to generate a profit.
Once you have the software installed, open it up and input your pool information. You can find a list of Ethereum mining pools here.
Once you have your pool information entered, hit “Start Mining.” The software will now begin mining Decred for you, and will automatically start mining Ethereum when it’s profitable to do so.
This process is known as “dual mining,” and allows you to maximize your earnings by taking advantage of both currencies’ algorithms.
Keep in mind that dual mining will reduce your overall hashrate for both currencies; don’t expect to mine at 504 MH/s when dual mining. However, even with a reduced hashrate, you should still be able to earn a decent amount of Ether over time. And who knows? Maybe with enough patience (and luck) you’ll be able to recoup the cost of your Antminer L3+!.
3 Related Question Answers Found
The Antminer D3 is a popular ASIC (Application-Specific Integrated Circuit) miner used for mining cryptocurrencies, most notably Bitcoin. ASIC miners are designed to perform a specific function and nothing else, which in this case is mining. This makes them very good at what they do but also very expensive.
The Antminer E3 is one of the most popular ASIC miners for Ethereum mining. However, with the recent Constantinople hard fork, Antminer E3s are no longer able to mine Ethereum. The Constantinople hard fork implemented a new proof-of-work algorithm, Ethash, which is not compatible with the Antminer E3s.
The Antminer D3 is a powerful ASIC miner that is designed for mining cryptocurrencies that use the X11 algorithm. This includes popular coins such as Dash, Litecoin, and Bitcoin Cash. While the D3 is not specifically designed for Ethereum mining, it is still possible to mine ETH with this rig.