All-in-One Ecosystem for GPU & ASICs: A Distant Future or Reality?

CoinFly
CoinFly
Published in
3 min readNov 13, 2019

When talking about blockchain, decentralization is one of the first things that comes to mind. Not everyone realizes that the ability to mine cryptocurrency via graphic cards played a major role in the development of the crypto space.

The functionality of graphic cards paved an accessible and relatively cheap way for anyone who wanted to enter an emerging and exciting industry of cryptocurrency mining. Back in the day, as long as you had a decent video card you could experience the power of decentralization yourself and make your own contribution to the enthusiastic crypto community.

Although it did cause a certain mayhem on the graphic cards market and their prices eventually skyrocketed, the mining process (once you’ve learned the basics of setting up and tuning your equipment) was more or less straightforward.

And then the ASICs came along.

The Flipside to Variety

ASIC miners allowed anyone to step up their mining game by providing more powerful, efficient and cheaper way to reap the rewards but narrowed it to only one algorithm. And how it usually happens, the gift of choice brought a certain amount of confusion.

First of all, the miners faced an alternative of whether they want to mine Bitcoin and its forks and thus go with ASICs or they wish to stick to Ethereum, its tokens, and other altcoins and switch between them whenever they feel like and practise the GPU mining.

And of course there were those who didn’t want to choose and preferred to have it all together.

The troubles of choosing and buying the necessary equipment is one thing, but it gets even more complicated when you try to set it up and manage.

So let’s say you’ve decided to go with the ASIC mining. You’ll probably start with only one hardware and although you will spend some time choosing the algorithm that fits your needs, the setting up process probably won’t be that difficult as it always goes with the software.

Imagine you’ve tried it and successfully mined for a while. Chances are that you will aim for higher profits and purchase more equipment. In this case you may end up with several different brands and versions of ASIC miners and each of them running on its own software.

Now, think about the amount of time you’ll spend setting them up and managing afterwards. You need to make sure your equipment works properly — prevent it from overheating and take immediate actions if it starts to work slowly. And same goes to your mining rig maintenance.

The more hardware you own the harder it gets to control it.

So does it mean that you need to dedicate all your free time to maintaining the work of your mining hardware or simply settle for less?

There is a better solution.

CoinFly: All-in-One Ecosystem for Your Mining Needs

CoinFly was created by miners who have gone through the same problems that you’ve probably already encountered.

With CoinFly you can work with both ASICs and GPUs at the same time.

When building the ecosystem the team has focused on the main issues that miners are struggling with on a daily basis: setting up the equipment, tuning and optimizing it as well as managing the hardware so it will be efficient and profitable.

By integrating CoinFly OS and web-interface, it is possible:

  • To install the latest drivers automatically
  • To have an additional layer of security (COS is initially protected from the overwhelming number of cyber attacks)
  • To monitor and support your mining remotely
  • To work with the equipment that is always online and gains profit
  • To automatically mine the most profitable crypto
  • To receive notifications about the operating status of the equipment
  • To automatically restore the working point, set the optimal settings, restart and turn rigs off in case of emergency
  • To acquire custom configuration per pool
  • To distribute the infrastructure access rights

The CoinFly platform aims to make its ecosystem as intuitive as it gets and make your mining journey simple and advantageous.

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CoinFly
CoinFly

CoinFly — everything for the crypto mining: online portal for management, accounting and statistics, dedicated OS and mining pool. https://www.coinfly.cc/