Cudo Mining Software Lets Users Mine According to Profitability

At a time when various cryptocurrency miners have to leave the industry because of the year-long bear market, a new mining software called Cudo Miner is is changing the game with highly efficient software to optimise hashrate and profitability.

What makes Cudo unique is the fact their products are designed for advanced command line users as well as novice GUI miners alike. The software can be installed on your laptop to make use of spare power, whilst also being used by miners with large GPU rigs.

Cudo Miner is the first mining software that allows users to apply per-algorithm optimisations and GPU overclocking from the same application. Usually, miners would have to use command line scripts to optimise their performance based on the cryptoasset they're mining plus something like MSI afterburner - GPU software - to overclock their GPUs memory, core count, power etc.

According to Cudo Miner’s website, miners using the software will always mine the cryptocurrency most profitable for them, by monitoring the relative mining difficulty and market price in real-time choosing between 9 cryptocurrencies with 5 different mining algorithms.

Cudo Miner continuously scans the coin value and difficulty, automatically switching your mining efforts to provide the highest profitability at any given time.

The recently released built-in GPU overclocking feature allows users to tweak their GPU clock and memory from the software and choose the optimal configuration for your hardware.

This means that the software is continuously mining the most profitable coin without losing performance as your GPUs will be set to the optimal configurations

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Mining While Performing Other Tasks

Interestingly, Cudo Miner allows users to control their GPU and CPU to mine cryptocurrencies concurrently, while also allowing them to control just how much of their GPU/CPU resources they use to mine, so they can keep on doing other tasks if they don’t have a dedicated mining rig.

Helping give miners even more control, if the software is installed on a laptop it allows them to automatically suspend mining if the machine isn’t plugged to a power outlet, or schedule when to mine to take advantage of times in which the laptop isn’t being used.

Miners who use the platform can notably choose to be paid out in either Bitcoin or Ethereum so they won’t have to deal with dust after mining various altcoins if the algorithm sees it’ll be profitable to keep on switching:

Cudo Miner was born out of frustration and desire to simplify and make crypto mining more profitable for all. We collaborate closely with our community to help evolve the software and to ensure it is the most competitive crypto mining software available.

While the software is free to download, the team behind it takes a 5% commission off of miners’ earnings to cover operational and development costs. While a 5% fee is above that of most mining pools, Cudo believes its advanced software and hassle-free setup will more than make up for the higher fee in what it returns. In fact Cudo says they have the most efficient software on the market.

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Future Plans

Cudo Miner’s Beta launch was made ten weeks ago and since then it has already garnered over 10,000 users. Its founders, Matt Hawkins and Duncan Cook, have revealed in the future they plan on making it even easier for miners to configure their machines.

Before launching Cudo Miner, the team had numerous projects. These include a disaster warning app for the American Red Cross, and what was once one of the fastest growing UK datacenter and internet services companies before being sold.

In next year’s roadmap, Cudo Ventures told CryptoGlobe, Cudo Miner is set to enable a distributing computing feature, which will allow users to rent their computing power to clients, essentially allowing them to rent a “supercomputer.” This feature is set to launch in the first quarter of 2019. Unlike other distributed computing projects such as Golem and iExec Cudo are attracting a large user base offering mining services first.

The team also plans on going mobile, allowing users to earn and monitor their performance while on the go. Users who sign up via CryptoGlobe’s referral link will received a 10,000 satoshi bonus.

$1.5 Billion Hedge Fund Ulysses Capital Invests in NULS (Again)

NULS, a blockchain designed to enable customizable modules and cross-chain operability, has secured investment from Ulysses Capital, a Los Angeles-based family office managing roughly $1.5 billion worth of assets.

Commenting on his fund’s investment in a blog post published by NULS was Joon Lee (Fund Manager, Ulysses Capital), who praised NULS’ “strong technical team” for sticking to their roadmap; something “we don’t often see” occur in the crypto space, he added.

If anyone was to know how diligently NULS abides by their roadmap, it would be Ulysses Capital. Indeed, the investment into the enterprise- and developer-focussed blockchain project was not the first for the long/short hedge fund.

It was only last October when Ulysses Capital – who at the time had “recently established a crypto fund to invest in cryptos and blockchain companies” – invested directly into NULS’ same-named cryptocurrency.

For Ulysses Capital, the initial investment into NULS doubled as a strategic partnership. According the October announcement, Lee shared his fund’s intention was to “build a win-win relationship with [NULS] by creating more opportunities for NULS in the future.”

NULS Seeing A Lot of Investment

Notably, Ulysses Capital is not the only crypto-specific fund in recent times to have seen potential value in NULS. Late last month, BlockGroup, the parent company of the BlockVC, announced their investment in NULS through its newly established $200 million crypto fund. As was the case with Ulysses Capital and their crypto-specific fund, NULS represented the first investment by BlockGroup’s.

As for how NULS is tracking as a project, the team is currently testing their recently released alpha version of NULS 2.0. Promisingly for investors such as Ulysses Capital and BlockGroup, NULS revealed in today’s investment announcement it “has multiple enterprises and individuals participating in the 2.0 alpha test and is currently considering additional participants to join the environment.”

Announced last November, NULS 2.0 represents a “new modular architecture enhanced with microservice suites, that have no programming language limitations.” Prompting the design overhaul was the core team’s realization that, whilst NULS 1.0 achieved “the modular effect at the coding paradigm level,” it was far too constraining for developers. For CryptoGlobe readers wanting to learn more about the benefits of NULS 2.0 – especially as it relates to NULS 1.0 – we recommend reading this detailed blog post.