How Do You Mine A Ethereum ETH
About this guide: Hey everyone! I've recently gotten back into the mining scene, and I've decided to mine Ethereum (or ETH). I've been mining Monero lately (which I might also set up a guide for at a later date) and has proven to be somewhat profitable. However, at this moment in time ETH is the most profitable coin to mine, whether it be to convert into Bitcoin (BTC) or into a fiat currency. Even though I have years of experience of mining under my belt, it was a hassle (to say the least!) on how to mine ETH.
A new Ethereum contract for a erc20 token can start with zero tokens created and then give tokens as a reward to whoever mines future blocks. In this sense the tokens are parallel mined along with ETH tokens and any other tokens setup this way on the blockchain. A little about Ethereum mining. ETH mining is ASIC-proof, meaning that only GPU's and CPU's can be used to mine ETH. CPUs, in all reality, is too cumbersome to use as a means to mining Ethereum; CPU's simply will not do the trick. AMD video cards are preferred and usually are more efficient, but you can also mine via NVIDIA cards as well. To mine Ethereum (ETH) use geth --rpc --support-dao-fork in order to mine Ethereum Classic (ETC) use: geth --rpc --oppose-dao-fork Part 2 - Installing the Mining Software and Starting to Mine Step 8: Now you need to download Ethminer which makes your GPU or CPU run the hashing algorithm that is integral to securing the Ethereum network. Ethereum is one of the biggest crypto currencies. How do you mine ethereum (ETH) on you apple mac computer? MinerGate - https://minergate.com/a.
Why not put up an idiot-proof guide on Steemit so everyone can see how easy it can be to mine ETH? Follow these instructions coming up next, and you'll be mining ETH in a half an hour or less. A little about Ethereum mining. ETH mining is ASIC-proof, meaning that only GPU's and CPU's can be used to mine ETH. CPUs, in all reality, is too cumbersome to use as a means to mining Ethereum; CPU's simply will not do the trick.
AMD video cards are preferred and usually are more efficient, but you can also mine via NVIDIA cards as well. You can get a list of GPU's optimal for mining here: Alright, with that out of the way, let's keep this short and sweet -- we just want to mine ETH, we don't want to read a wall of text! BE SURE TO TURN OFF YOUR FIREWALL/ANTI-VIRUS OR ALLOW PERMISSION FOR ALL THINGS ETHEREUM! Downloads These are the download links that we will be using: Geth: Ethminer: Ethereum Wallet: Alright. Now that we have the links, let's get started! Instructions • Create a folder somewhere that's easily remembered and name it 'Eth' • Download all the latest versions of the files above to your 'Eth' folder.
• Rename the Geth download to 'Geth'. Rename Ethminer to 'miner' and rename the Ethereum wallet to 'wallet'. By now, everything should look like • Open up cmd (Win+R, type cmd). • 'cd' from your command prompt to your 'Eth' folder -- for myself, I typed in command prompt 'cd C: Eth'. This will be different for you depending on where you have downloaded the files. • After changing directories to Eth, type 'geth account new' into your cmd. Enter a password to encrypt your wallet when prompted.
• Navigate to your wallet folder, and open up the file 'Ethereum-Wallet.exe' on your computer. Wait for Ethereum to sync. Go get some tea or something.
( WARNING: The whole Ethereum blockchain has to sync, which is about a 30GB download. So most definitely get some tea while you're waiting). • The download of the blockchain will, like I've said, take a little while. However, you now have an Ethereum address that is available for use. Copy it from your Ethereum Wallet.
• In your command prompt, type 'cd C: Eth miner', or wherever your miner is saved to. Use the following syntax, and enter this into the command prompt: ethminer -U -F (NVIDIA) ethminer -G -F (AMD) • Mine away! Happy mining! I hope this guide was easy enough for everyone to follow.
Now, anyone has the ability to figure out how to mine Ethereum. While it might seem complicated at first, with a guide like this, no way will you be steered in the wrong direction! So, what are you doing? Try these 10 simple steps out, and start mining some Ethereum! Reply here for any questions.
I'll be more than happy to help. PS: Guide on mining Monero on both NVIDIA and AMD cards, coming up soon. GPU's are much more efficient than CPU at mining, but ensure that you calculate your profitability for your particular card based on its hashrate and your cost of power. The 7790 is a rather old card and only has 1GB of memory so hashrate may be low for the amount of power it consumes. Is Buying A Litecoin LTC Miner Worth It.
If your power is free, then perhaps just throw whatever hardware you want at it and see what rates you can achieve. If its winter it can be a good way to warm the house:) Also you do not need to run them in crossfire, they should be picked up individually by the mining software. Disabling crossfire can help reduce stability issues.
Cloud mining all the way for me. These are the sites I use! All Free Gh/s. Eobot - - Daily free faucet!! Number One & Most Trusted Fleex - - 100Gh/s Rapid - - 100 Gh/s CryptoS - - 20Gh/s MinerClub - - 15 Kh/s Nano - - 15 Khs Elite - - 5000 DogeCoin to start investing. Demix - - 5 Gh/s DogeMine - - 20 Kh/s I do not recommend you invest $$$ except in Eobot, more your time, in and internally generated Gigahashes Then cash out when you like the day returns!
Then send it over to Eobot to boost my account their. Please use the links so i can gain a small amount of Gh/s for your referral. Happy Mining.
Nice article. Same mindset here. It's surprising how much uneducated investors the crypto space has.
You still see people invest in this shady and scammy coins. We do need to look better at the insights of every coin.
What team is behind it, is there any management. How strong is the product, is there any product at all? I found this great website: Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. See: For the Ethereum Investment and research analysis.