Mining cryptocurrency is expensive. Many specialized resources argue about whether ALGO + CAKE mining is profitable and under what conditions. Some miners are trying to reduce costs and increase return on investment by mining ALGO + CAKE in pairs. The user gets more tokens, but at the same time, the overheating and wearing of video cards increases, and the profitability of this approach is questionable.
Dual mining technology – what it is and how to set up ALGO + CAKE dual mining
Pooled mining of two coins on the same equipment is called dual mining. Using a special program, you can earn two cryptocurrencies at once without loss of processing power and additional hardware costs. Also, do not forget that exchanging ALGO to CAKE today is not a problem.
The solution was originally developed in the Ethereum community. The complexity of its mining is constantly growing. Users noticed that the system did not allow them to earn and wondered how to increase profits. They soon found a way out of the situation – to mine tokens in pairs.
The approach gives such advantages:
- mining two coins without losing speed;
- more coins for the same hardware costs;
- Convenience is a special miner program that works with video cards from AMD and Nvidia and Windows and Linux operating systems.
But there are also disadvantages:
- mistakes in configuring the algorithm will turn out to be a loss of speed and efficiency;
- the hardware gets hotter.
Many people are interested in how to set up dual mining. It is better to buy instructions, study forums, check if the equipment will pull this way of earning, and understand mining coins in a pool. In addition, you will have to make many decisions before you start dual mining. The setup has its algorithm, and there is nothing to miss.
Features of dual mining ALGO + CAKE
The technology lies in the parallel processing of algorithms. It relies on specialized software and hardware at the same time.
In general, coins can be earned using ASICs, graphics processing units (GPUs), and central processing units (CPUs). But you can’t use dual mining on CPUs and ASICs.
Choosing specific video cards for mining is not easy. Claymore supports Nvidia and AMD. The user can be recommended to study and compare individual models carefully. As an alternative, use the Nicehash service for renting computing power.
At the link https://alligat0r.com/custom/exchange-pairs/ an excellent exchanger for converting any cryptocurrency.
How to set up ALGO + CAKE dual mining
Claymore Dual Miner is a program that runs on top-of-the-line GPUs and supports Windows and Linux. The program can switch between dual or solo mining modes. The setup begins with a download. You can do this on the BitcoinTalk forum, where the current version of Claymore is available. Before setting it up, it is better to read the FAQ and make sure that the GPU is suitable for the current version of the program. The program works on AMD and Nvidia cards.
It is important to remember that the double extraction makes the equipment hotter, so it is worth providing cooling. Mistakes in the configuration will have bad consequences. In start.bat, prescribe pool addresses, wallet addresses, and other parameters. Experimenting with parameters without experience and knowledge should be careful. Once the key options are defined and thoroughly tested, you can start earning coins.
Conclusions
ALGO + CAKE paired mining is a promising way to earn cryptocurrencies. It allows users to make more by spending less money on equipment. But it is important to take into account the wear and tear of the equipment and electricity costs and properly set up the software. In addition, dual mining is now threatened by the emergence of ASIC miners for the Ethash algorithm.