2018 Bear market was not just disastrous for the investors
2018 Bear market was not just disastrous for the investors but it also ran havoc for the mining industry as well. Many Bitcoin individual miners had to shut down their operations and sell-off their expensive mining rigs at dirt cheap prices.
Cudo mining software, a new entrant into the mining industry has a unique in-built algorithm which promises to optimize hash rate and profitability. The product has been designed in a way that both advanced command line users, as well as someone with limited software knowledge, can use it.
The Cudo mining software can be installed directly on your laptop, which would use the extra power of your machine while someone with a heavy GPU rig can use the same software to earn maximum profitability.
What Separates Cudo From Other Mining Softwares
The Cudo mining software is one of its kind which allows users to apply per-algorithm software optimization and GPU overclocking from the same software. In other mining software, users had to manually write command line codes to optimize the performance as per the asset they are mining, and might have to use separate software for GPU overclocking.
Cudo website claims that with its software a miner will always be able to mine the best profitable crypto for them. The software shows and compares 9 cryptocurrencies in real-time with 5 different algorithms available to choose from, here is what the information on the website says,
Cudo Miner continuously scans the coin value and difficulty, automatically switching your mining efforts to provide the highest profitability at any given time.
The features on the software allow the user to tweak their GPU clock and optimize your machine to mine the best profitable cryptocurrency for you. Thus, you never lose on any GPU power as it can be tweaked and optimized within the software.
The software can prove revolutionary as many cryptocurrency mining processes require heavy and costly mining gears, plus cost you a bomb in electricity or energy bills.
What is the Future of Cudo?
The beta version of the software was launched almost 2 months ago, and till now they have garnered over 10,000 users. The makers behind the project aim to make computer configuration even easier using the Cudo mining software.
Apart from that, the company plans to start a computational power-sharing (more like a mining pool, but with a different operational structure) which would allow the users to own a supercomputer without having to burn a hole in their pocket. The feature is set to take shape in the first quarter of 2019.
Final Thoughts
If things go as planned, Cudo can reignite the failing mining industry and can bring in both minor and major players back to the mining. With falling market prices of crypto and decreasing mining rewards, individual mining was on the risk of going extinct if the market did not improve, however, innovative software like Cudo can be the answer.