Last Updated on May 11, 2022 by cryptocreed
If you are a cryptocurrency miner then I am sure you know what these Miners are and how they work, so I don’t think there is any need to explain what it is instead of it let’s check out if PhoenixMiner is a scam or not.
If they are not scamming then why recently have users reported them as a scam?
In this article, you will get to know everything about PhoenixMiner and its official sources which is very much important.
What Is Phoenix Miner
PhoenixMiner is the open-source and Ethash-based mining software that can help you to mine ETH, ETC, Muiscoin, EXP, UBQ, etc coins. The Phoenix Miner was launched with the motto of providing faster and easier to use the software.
With this miner software, you can every coin that is based upon Ethash POW. It was first launched in the year 2011 and available on Bitcointalk since 2013.
You can use them on Linux as well as on Windows. The Phoenixminer Latest version is 5.4c.
Also Read: Best Cryptocurrency Exchange In India
Also Read: Multi Cryptocurrency Wallet
How To Download PhoenixMiner
They do not have any website officially. To download their software you need to visit the Bitcointalk thread where you can find software to download. The software was uploaded on the Mega.NZ file sharing platform.
You can download files according to your OS. For windows choose the file with .zip and for Linux takes file .tar.gz. Phoenixminer download.
Note: I highly recommend downloading the software and files from official sources only.
How To Use PhoenixMiner
First, you have to download and set up a miner that you can do from the above and below-given guides. Then you have to enter your details like your wallet address.
PhoenixMiner.exe -pool eth-eu2.nanopool.org:9999 -wal YOUR_ADDRESS -worker RIG_ID -epsw x -mode 1 -Rmode 1 -log 0 -mport 0 -etha 0 -retrydelay 1 -ftime 55 -tt 79 -tstop 89 -tstart 79 -fanmin 30 -coin eth pause
Change, YOUR_ADDRESS with your ethereum wallet address. Change RIG_ID with your own name changing rig id is not mandatory.
Phoenix Miner Setup (Phoenixminer Commands)
You can easily download and install the software but to set up Miner, you need to have a command for it. Which you can find on their Bitcointalk thread here.
You can choose different pools and coins according to your plan some known pools are DwarfPool, NanoPool, and MiningPoolHub.
Some of the popular pools and commands.
PhoenixMiner.exe -pool eu1.ethermine.org:4444 -pool2 us1.ethermine.org:4444 -wal YourEthWalletAddress.WorkerName -proto 3
ethermine.org (ETH, secure connection):
PhoenixMiner.exe -pool ssl://eu1.ethermine.org:5555 -pool2 ssl://us1.ethermine.org:5555 -wal YourEthWalletAddress.WorkerName -proto 3
PhoenixMiner.exe -pool eth-eu1.nanopool.org:9999 -wal YourEthWalletAddress/WorkerName -pass x
PhoenixMiner.exe -pool stratum+tcp://daggerhashimoto.eu.nicehash.com:3353 -wal YourBtcWalletAddress -pass x -proto 4 -stales 0
PhoenixMiner.exe -epool eth.f2pool.com:8008 -ewal YourEthWalletAddress -pass x -worker WorkerName
PhoenixMiner.exe -pool us-east.ethash-hub.miningpoolhub.com:20535 -wal YourLoginName.WorkerName -pass x -proto 1
PhoenixMiner.exe -pool coinotron.com:3344 -wal YourLoginName.WorkerName -pass x -proto 1
PhoenixMiner.exe -pool eu1-etc.ethermine.org:4444 -wal YourEtcWalletAddress.WorkerName -coin etc
PhoenixMiner.exe -pool etc-eu1.nanopool.org:19999 -wal YourEtcWalletAddress.WorkerName -coin etc
whalesburg.com (ethash auto-switching):
Is PhoenixMiner Scam or Legit?
So, is Phoenixminer safe? Yes, they seem legit, safe, and trusted to use. But do you know there are some speculations in the past that shows that they are a scam?
Phoenix miner is legit.
Just want to let you know that previous speculations made on PhoenixMiner were because of a small mistake. Which is not resolved. phoenixminer 5.4c.
Also, there is a website (https://phoenixminer.org/) that is not an official website by the PhoenixMiner team so do use own your own risk.
So PhoenixMiner is legit? One of the forum users reported that their website and software s full of scams. Which you can read here. Now if you want to use them then read this scam accusation before using it.
I can find PhoenixMiner on GitHub? Actually, there is no direct link to GitHub.
PhoenixMiner Controversy (Virus)
In early 2021 some users and Nicehash reportedly claimed that PhonenixMiner can steal users’ data including Private Key and any other information through their malware or specifically “Offline Keylogger”.
Although some other users also reported the same, you can find users’ reviews on Reddit, just visit Google and search for “phoenixminer virus”.
But it doesn’t mean all and everyone facing this issue, some users also reported that they are using Phoenixminer for a long time and they never faced any issue.
So Phoenixminer compromise? After reading the BitcoinTalk thread and Reddit reviews I can’t say that they are compromised. But good to use.
To avoid any future problems I suggest checking files and putting your private information somewhere else before using them.
PhoenixMiner Fee and Features
Most of the software does take a total fee of around 1% whereas this platform takes 0.65% fees for its developers. Which is the lowest in the market.
Features & Requirements
- Supports AMD, Nvidia RX5700, Radeon VII, Vega, Fury, and GPUs with enough VRAM.
- Lowest fee in the market (35 seconds defvee mining per every 90 minutes)
- Mining with ETHASH/Blake2s
- Green kernels to reduce power consumption
- Prevents IP hijacking attacks
- Highly optimized OpenCL and CUDA cores for maximum ETHASH mining speed
- Advanced statistics