Cryptocurrency miners may have found a new type of coin to mine using GPUs that suddenly became useless. In addition, it is driving the buying of GPUs and new motherboard lineups based on older chipsets. Aleo is a new cryptocurrency currently in testnet 3 phase. However, it is reportedly very close to its main net launch, attracting interest from cryptocurrency miners.
according to recent tweets (opens in new tab) According to Aleo’s official account, there are currently up to 14,000 nodes mining coins. In addition, there are 20 million proofs per second, which is a 1000x improvement for him over testnet 2 phase. However, unlike other cryptocurrencies, Aleo doesn’t just rely on the best graphics cards. A processor can also be used to mine his Aleo, as part of the algorithm relies on the performance of the processor. As such, Aleo plays a role in the mining process. So miners need to find the best combination of processor and graphics card.
Areo GitHub page (opens in new tab) The Aleo miner’s minimum recommendations state that it consists of a 16-core processor, 16 GB of memory, 128 GB of storage, and a network connection with upload and download speeds of 10 Mbps. The developer recommends a processor with 32 cores and 32 GB of memory, but doesn’t say whether clock speed or total number of cores will have the biggest impact. For the latter, you don’t have to pick the best CPU on the market. However, this page emphasizes that competitive miners will likely require more firepower than the recommended hardware.
Since Aleo is still in the testnet stage, the optimal processor and graphics card combination remains a mystery.However, according to Twitterer I_Leak_VN (opens in new tab)The most popular configuration in the mining community today consists of Intel’s discontinued Xeon E5 processor and Nvidia’s latest generation GeForce RTX 3080 graphics card. The tipster shared a small table of Aleo’s alleged graphics card mining power, but the origin of the list is unknown. However, it seems more likely due to feedback from the community. Cheaper options like the GeForce GTX 1660 Super offer around 170M, while more expensive options like the GeForce RTX 3090 and GeForce RTX 3080 Ti pass the 1,000M threshold. However, the GeForce RTX 3080, which offers 940M, seems to be the favourite.
Aleo Graphics Card Mining Power
| graphics card | performance |
|---|---|
| GeForce RTX 3090 | 1,050M |
| GeForce RTX 3080 Ti | 1,030M |
| GeForce RTX 3080 | 940M |
| GeForce RTX 3070 | 780M |
| GeForce RTX 3060 Ti | 640M |
| GeForce RTX 3060 | 480M |
| GeForce GTX 1660 Super | 170M |
When it comes to processors, Intel’s old Xeon E5 chips make sense, as they are bargains on the used market. As a result, it is a great way for miners to access many cores (up to 18) cheaply. Additionally, the Xeon E5 processor is scalable, so a miner can create his 2S configuration.
Most popular cryptocurrencies rely primarily on graphics card power, and miners often use very cheap options such as Celeron or Pentium processors for their mining rigs. So while a graphics card is still essential for the Aleo, the number of processor cores seems to help somewhat.
Chinese motherboard vendor Shenzhen AngXun Technology has taken the opportunity to launch a new LGA2011 motherboard for mining Aleo. According to a report from Minernaf (opens in new tab), Shenzhen AngXun Technology has created three X99 motherboards. The E5-ALEO-IDC houses up to 2 Xeon E5 processors, 512GB of memory, and 6 graphics cards. On the other hand, the X99-6PLUS-V2.0 shares similar characteristics but only supports up to 256GB of memory. Finally, X98-ETH-V1.0 is for more demanding miners. The motherboard continues to support up to two Xeon E5 chips and 256GB of memory, but shows off space for eight graphics cards.
Aleo uses a different algorithm than Ethereum, so Ethereum miners cannot launch existing mining machines for Aleo. Graphics cards are expected to be more important for Aleo mining, but Ethereum miners will need to adapt their hardware to Aleo.
As with any cryptocurrency, there are no guarantees that Aleo will thrive. Chiacoin became a hot topic last year, culminating in a hard drive shortage. Hard drive manufacturers such as Western Digital and Seagate were happy to ramp up hard drive production to meet the needs of miners producing Chia coins. The hype finally ended and the Chia coin never took off and now one of his Chia coins is worth about $31. Could Aleo be the next Ethereum or Bitcoin? That seems unlikely today given the state of the crypto market, but time will tell.
