Last Updated on January 7, 2021 by cryptocreed
If you are a cryptocurrency miner then I am sure you know what are 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 users reported them as a scam.
In this article, you will get to know everything about PhoenixMiner and their 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, and etc coins. The Phoenix Miner was launched with the motto of providing faster and easier to use 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.
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 to download the software and files from official sources only.
Phoenix Miner Setup (Phoenixminer Commands)
You can easily download and install the software but to setup 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.
Is PhoenixMiner Scam or Legit?
Yes, they seem legit and trusted to use. But do you know there are some speculations in the past that shows that they are a scam?
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.
I can find PhoenixMiner GitHub? Actually, there is no direct link to GitHub.
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