Whereas the process of actually mining the Bitcoins is a job of the hardware, Bitcoin mining software is essential to connect the miners to the mining pool as well as the blockchain. The software is what passes on the work to miners and gathers back the completed job. It also conveys this message to the pool and the blockchain. The mining software is designed to run on all operating systems, Linux, Windows, etc. The software is also capable of displaying related general information such as speed of the miner, hash rate, etc., and even the temperature. There are different types of Bitcoin mining software and each one of them has its own distinct advantages as well as disadvantages.
As far as mining is concerned, a miner is free to join a mining pool or can work on his/her own. Considering profit payouts, both work out to almost the same. This is because solo mining makes large payouts irregularly and mining pools pay smaller amounts frequently. In both the cases, the miner has to follow specific steps to mine Bitcoins successfully. For this, it is important to procure the right type of hardware and also load the software that matches your specific needs. You also need to ensure that the profits are routed safely before starting to solve the mining algorithms. If you are mining Bitcoins using a cloud, there is no need to use Bitcoin mining software.
The most important thing that a miner needs before using mining software is a Bitcoin wallet. The reason for this is that any mining software first will ask for a Bitcoin address to which the rewards and payouts will be sent. A Bitcoin address is obtained as soon as you download a Bitcoin wallet. There are many Bitcoin wallets that are available but some of the good ones that can be used by starter miners are Ledger Nano S, Electrum, breadwallet, Mycelium, etc. Read on to get an idea of the most commonly used software for the purpose of mining Bitcoins.
It is among the most popular miners that are designed to work on multiple platforms such as Linux, Windows, and OS X. It can be categorized as a GPU/FPGA/ASIC miner. The singular factor that makes it a popular option for mining is that it is based on the original code of the CPU miner. It is written in the ‘C’ language.
The inclusions in the software are fan speed control, overclocking, remote interface possibilities, monitoring, detection of new blocks, CPU mining support and multi-GPU support, among others.
This mining software can be thought of as a derivative of CGminer, but designed for the ASICs and FPGA. However, the basic focus in not on the GPU. The features are similar to remote interface options, monitoring, and dynamic clocking. The BFGminer is a versatile program that has fan control and integrated overclocking. In case, as a miner, you are using ZTEX devices, X6500, or ModMiner devices, specific bitstreams have to be downloaded to ensure the BFGminer version works along with these devices.
In spite of the fact that BitMinter is not among the most popular of the Bitcoin software, it is a software package that can be used well to connect with clients and users. The aim of the creators of the software was to create something to make mining Bitcoins easy and to win larger payouts. The software package belongs to a mining pool and therefore the first step is to fill up a registration form for joining the pool. The installation is easy and simple. BitMinter can be used with different operating systems such as Windows, OS X, Mac, and Linux. The mining speed is good and has a long polling in order to decrease stale work. BitMinter can be used to mine also ASICs/FPGAs, or OpenCL-compatible GPUs.
It is an open source software for mining Bitcoins. It is used for ZTEX USB FPGA modules (version 1.15) and is designed for Windows and Linus OS. For Windows users, they have to initially install the libusb driver. The BTCMiner software supports the boards 1.15b, 1.15d, 1.15x and 1.1.5y USB FPGA Modules. They have a USB interface that is used for programming and communication and allows the users to construct FPGA clusters that are cheap using standard components. This translates to the fact that there is no requirement for a JTAG programmer and the program runs mining rigs from just one instance of the software.
The ready to use Bitstream of the BTCMiner does not require Xilinx or any license and is an advantage for the users. BTCMiner is designed to choose that frequency which possesses the highest rate of valid hashes.
This is a GPU mining software in Python for Bitcoins. The hashing computations are speedily performed using the OpenCL framework. This framework is designed for programmers to code in such a manner that it can be used across many hardware devices and its usefulness is most evident when it is used with a modern and advanced GPU. The hash rates that are so produced are much higher in magnitude than what can be got with a regular CPU. Poclbm works well with the following cards: Nvidia 8xxx and up and AMD 4xxx and up. The program also works well with some video cards. User feedback says that Poclbm is good software for the purpose of experimentation and is also good for mining from multiple machines.
Just like Poclbm, Diablominer is also a program for Java GPU that uses the OpenCL framework. Users can, therefore, use this program for performing speedy hashing computations. This program works well on Nvidia drivers as well as ATI Stream SDK version 2.1. Diablominer is a software package that supports many mining pools at a time. It can switch from one pool to another automatically when there is a failure in connections. However, it returns back to the first pool and checks the connection every 60 minutes.