The new Aleo Crypto Coin could give miners a second chance

There's a potential that cryptocurrency miners have discovered a new type of coin to mine with their now-ineffective GPUs, and it's even pushing purchases of GPUs and a new line of motherboards based on the old chipset.

Aleo is a new cryptocurrency on its third stage testnet, but it is apparently extremely close to launching its mainnet and has piqued the curiosity of cryptocurrency miners.

According to a recent message from the official Aleo Twitter account, the coin is currently being mined by up to 14,000 nodes. Furthermore, there are 20 million proofs per second, a 1,000-fold boost over the second stage testnet. Unlike other cryptocurrencies, however, Aleo does not rely just on the greatest graphics hardware.

Aleo can be mined with a CPU because part of the algorithm is dependent on the processor's performance, so it plays a role in the mining process. As a result, miners will need to identify the optimum processor and graphics card combo.

According to the Aleo GitHub website, the minimal requirements for Aleo mining are a 16-core processor, 16GB of RAM, 128GB of storage space, and a network connection with upload and download speeds of 10 Mbps.

The creators recommend a processor with 32 cores and 32 GB of memory, although they do not specify whether clock rates or total core count are more important.

If the latter is the case, there is no need to select one of the best CPUs on the market. The site emphasizes, however, that competitive miners will most likely require more power than the recommended hardware.

Because Aleo is currently in the testing network stage, the ideal processor and graphics card combination is unknown. However, the most popular current combination in the mining community, according to Twitterer I Leak VN, consists of Intel's discontinued Xeon E5 processors and Nvidia's latest generation GeForce RTX 3080 graphics cards.

A short table comparing the mining power of individual graphics cards for Aleo may also be found on the link, but the source of the list is unknown, so take it with a grain of salt.

Cheaper choices, such as the GeForce GTX 1660 Super, produce roughly 170M, while more expensive options, such as the GeForce RTX 3090 or GeForce RTX 3080 Ti, approach 1000M. The GeForce RTX 3080, which the 940M delivers, appears to be the most popular option.

In terms of processors, Intel's old Xeon E5 chips make sense because they are cheap on secondhand hardware markets. As a result, it's an excellent way for miners to gain access to more cores on the cheap (up to 18). Furthermore, Xeon E5 processors are expandable, allowing miners to develop 2S systems.

The most popular cryptocurrencies rely heavily on graphics card power, and miners frequently employ low-cost processor options, such as Celeron or Pentium, for their mining equipment.

Although the graphics card is still important for Aleo, the number of processing cores appears to aid a lot, therefore this could be the tipping point for new miners to move to Aleo coin.

Post by Bryan C.