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Does Ethereum Wallet Mine

Mining Wallets Ethereum Community Forum

Mining Wallets Ethereum Community Forum

Hi Everyone - My apologies if this question has already asked and answered. I just haven't been able to find anything. What wallets should I use for mining? I recently started mining and I came across several videos that warn people to be careful about what wallets you use for mining. In fact they tell people to read the user agreement before you use a wallet. Here are two examples: Jaxx gives the following warning to their users - No, Jaxx is a lightweight wallet that is not designed to receive mining payouts. We do not recommend pointing any mining rig payouts to Jaxx as it may cause issues on your end as well as potentially causing issues on our end. CoinBase Give the following warning to their users - Please note that Coinbase cannot be used to receive ETH mining rewards. If this is the case what wallets are appropriate specifically for mining? Continue reading >>

How To Mine Ethereum In 5min

How To Mine Ethereum In 5min

Surprisingly, all you need is an AWS EC2 instance to start mining Ethereum. Im sure youve already heard of the cryptocurrency craze way before reading this post. Cryptocurrencies are slowly and quietly revolutionizing the way financial systems and transactions work (and should work in my opinion). With Bitcoin hitting its $6K mark not awhile ago, a current total of $158B in market cap and hundreds of ICOs (Initial Coin Offering) conducted since August, its sure to say theres a bubble in the cryptocurrency space. Whats more, is that it doesnt seem this bubble is going anywhere, anytime soon. As you can see in the graph below, the total market cap of cryptocurrencies has grown from under $50B to over $150 in under a year! So what would be the best way to enter this space and enjoy the growth? Im not a cryptocurrency expert, however, from my research Ive found that the answer is pretty clear across all opinions: If youre looking for quick earnings, just invest incoins. However, due to this ever-growing crypto market, mining in the short term could lead to significant earnings in the long term. Personally, Im very interested in Ethereum , and have found an effortless way to start mining it quickly on AWS! This post will walk you through the process. But before we start, lets go over some basics. If youre already familiar with them, just scroll down. Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. The advantage of Ethereum over Bitcoin, is that it can support many different types of decentralized applications. Ethereum has the second largest market cap after Bitcoin, and has gained massive growth in the last year with over 230% as you can see below: However, increasing growth in Continue reading >>

How To Mine Ethereum With Minergate Gui!

How To Mine Ethereum With Minergate Gui!

MinerGate is your gateway to mining CryptoCurrencies easily, quickly and with no hassle - you don't need to be an expert programmer - MinerGate will guide you through the process. Mining is an important part of any cryptocurrencys ecosystem, it allows the maintenance of the network and its also a good way to use your computer to make money, but not everyone gets along with a command line terminal and not everyone can afford a powerful graphics card, so today were going to show you how to mine Ethereum and other Cryptocurrencies the easy way! No Matrix terminals, no complicated commands and parameters to set! All you need is a computer and an internet connection, MinerGate will do the rest for you, even if you dont have a GPU! MinerGate is a GUI miner (GUI just means it looks pretty) with its own incorporated multipool, and even though its an extremely intuitive tool, MinerGates cutting edge smart algorithm is always working in the background to make sure youre getting the most out of your hardware. MinerGates Variable Difficulty algorithm, allows small portions of the Ethereum Blocks to be sent to miners according to their equipment and effective hashrate, making Ethereum mining possible in any computer with a simple click of a mouse! Part 1 - How to mine Ethereum with the MinerGate Software Step 1:The first thing youll need is an account on www.minergate.com . MinerGate has its own built-in wallet in order to allow users to start mining even if they dont have a wallet address set up, so in order to protect your funds, we advise using a strong password and activating 2FA (2 factor authentication), 2FA will make sure no one can acess your funds even if they know your password. Remember, the safest place to store your funds is in your own wallet. Step 2: Next you need to Continue reading >>

Ethereum (ether) Mining

Ethereum (ether) Mining

Blocks are generated on average every 12 seconds. The block reward is 5 ETH. Genesis Mining is the largest Ether cloud mining provider. Ethereum cloud mining contracts are available for purchase and the prices are as follows: You can also read this cloud mining guide to learn how to mine Ether using Amazons cloud servers. As with any cryptocurrency, Ethereum mining profitability depends on many factors. The hash rate of your miners in relation to the total network hash rate will determine your share of earnings. Your earnings can also vary depending on Ethers price relative to fiat currencies like the US dollar. More efficient mining hardware will also increase profitability. The more efficient your hardware can convert electricity to Ether, the higher your profit margins. An Ethereum mining profitability calculator can be used to determine a rough estimate of your earnings based on your hash rate, the network hash rate, block time, and the price of one ETH. Two examples of calculators can be found at EtherScan and Badmofo . Although Ethereum has only recently gained popularity, there are already a few Ethereum mining pools. The two most popular pools are: Continue reading >>

Ether Mining With Your Own Hardware | We Will Show You How To Do It

Ether Mining With Your Own Hardware | We Will Show You How To Do It

Anyone can buy Ether. We want to earn Ether ourselves and besides that, make the Ethereum network safer. Ether Mining is rewarded with 3 Ether each block. But this is not it. Furthermore, the gas which exists of fees for transactions and contracts, is declared in addition to these 3 Ether per block. It is assumed that, as time goes by, the reward of the gas with 3 Ether per block will exceed a lot. But it is getting even better. Further Ether for uncles will be declared every now and then, in addition to the 3 Ether per block and the reward for the gas. Which means, another up tp 7/8 of the 3 Ether from the block on top. So many Ether After all, we want to point out that Ether solo Mining requires a lot of luck. The computing power of the entire Ethereum Network is tremendous and therefore it will be pretty hard to snatch a block. Still, Ether solo Mining is an exciting thing. In the following, we will show you all the essential equipment you need for a successful start with Ether solo Mining with windows. Continue reading >>

How To Mine Ethereum On Windows

How To Mine Ethereum On Windows

Directly download the auto-updating installer for Windows 7, 8.1 and 10 Mining ETH on Windows can be easy and profitable if you have appropriate hardware. The best hardware is a Gaming PC equipped with one or more high-end video cards. Mining is not feasible on low-end video cards or machines without dedicated video cards. You need to have a dedicated GPU (video card) with at least 3GB of memory for mining Ethereum. Install the latest drivers for your video cards. For AMD Radeon cards, install the beta Crimson Blockchain drivers from here . Nvidia 1060 and 1080 cards are good choices which are readily available for purchase. Radeon RX 480 and 580 cards are also very popular. A single PC may have up to twelve of these graphics cards installed. Before you can mine Ethereum you must have a wallet for ETH to be transferred to after mining. ETH will be transferred to your wallet after your profits exceed 0.1ETH (or your configured payout amount). You can send mining rewards to any valid Ethereum address, but it is not recommended to use a Coinbase address. If you do not yet have an Ethereum wallet, we recommend Jaxx.IO . Regardless of how you create your wallet, you will end up with a wallet address that looks like this: 0xcD6547dC30ea1b9bA02dB0E1177B1A10f6903d19 This is the address you will use when mining to receive your payouts, which you can then transfer to other currencies whenever you would like. WinEth is our Windows miner which uses your video card to process Ethereum transactions, and in turn receive rewards. When you run the application it will attempt to discover your video cards. If it finds compatible cards you can enter your wallet address and leave it running to earn Ethereum. After a few hours the Nanopool link provided in the application should show your a Continue reading >>

Ethereum Mining: The Ultimate Guide On How To Mine Ethereum

Ethereum Mining: The Ultimate Guide On How To Mine Ethereum

Ethereum Mining: the Ultimate Guide on How to Mine Ethereum So youre interested in mining Ethereum? Well, Congratulations! Youre in the right place. By following this guide, youll learn everything you need to know about Ethereum mining. I expect you already know what Ethereum is and how it works from our previous guide on What is Ethereum . Let us start by analyzing why we need Ethereum mining in the first place. So where does all of this mining take place and where does the Ether come from? Well, your computer is solving math problems to make sure no one makes transactions on the Ethereum network that arent true. If your computer manages to solve the problem, you get rewarded. And that is called mining. Everyone has an opportunity to help solve these problems and claim rewards. The Ethereum network has its own blockchain . All transactions that are made using Ethereum need to get approved by the miners. Thats why it takes a while before the Ether you send someone reaches them. The transaction has to be verified and put inside the Ethereum blockchain. This verification process is called proof of work. It is your job as a miner to make sure no one cheats. To make sure that the transactions are valid miners are solving complex mathematical equations. When a miner solves this equation, he communicates this to all of the other miners Hey, Ive got it! I have found the number weve been looking for all this time using fancy computer language. All of the other miners check if this number is correct and if 51% of them agree that its correct a new block gets added to the blockchain. This new block contains all of the transactions that are now verified and the miner who found the number is rewarded! The miners then start solving a new math problem to verify another block of trans Continue reading >>

Ethereum Mining: Getting Started

Ethereum Mining: Getting Started

Curious about Ethereum mining? This overview uses layman's terms to explain how to mine Ethereum and what you'll need to get started. Innovate and Thrive: How to Compete in the API Economy REGISTER > Also see: Ethereum's Potential: Possibly Revolutionary If you've been following recent coverage of blockchain and cryptocurrencies, you've probably seen coverage of Ethereum . Although the Ethereum project has only been around for a couple of years, it has become wildly popular. In fact, in CoinDesk's recent State of Blockchain report, nearly all of the respondents 94 percent said they feel positive about the state of Ethereum. So what is generating all this positive feeling? To understand that, you need to understand that Ethereum has two parts. Like Bitcoin, Ethereum is a cryptocurrency. (Technically, the cryptocurrency is called "Ether," but a lot of people refer to it as "Ethereum.") Currently, Ethereum has the second highest market cap of any cryptocurrency (behind Bitcoin), and its price has been rising very quickly. In January 2017, 1 Ether was worth about $10. In June, it reached nearly $400. Obviously, that kind of rise is going to attract attention. Unlike Bitcoin, Ethereum is also a platform for smart contracts. It offers a way for organizations or individuals to enter into contracts that are automatically fulfilled when certain conditions are met without a bank or other financial service acting as an intermediary. Because of this smart contract capability, Ethereum has getting interest from enterprises and some of the world's largest financial institution. And that in turn has some observers speculating that Ethereum could eventually eclipse Bitcoin as the most popular and most valuable cryptocurrency. That potential has led to growing interest in Ethereum mini Continue reading >>

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?

Last updated on August 15th, 2017 at 11:06 pm Getting Started with Ethereum Mining the video guide The good news is that getting started with Ethereum Mining is now easier than ever. You do not need to download the full Ethereum blockchain, which is now over 20+ GBs and still growing! You also do not need to manage clunky command line miners with manual instructions. For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner. Get the current version here from Claymores original Bitcointalk thread and then follow along with the steps in this video. The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes: If youre new to mining Ethereum , this guide covers all the important facts in a simple, low-jargon way. Lets start with some short answers to common questions about Ethereum mining: Q: Whyshould Imine Ethereum tokens (aka ether or ETH)? doesnt mining Ether take up a lot of electricity? A: If done properly, more money is earned by selling mined ETH than is spent on electricity. In other words, its profitable! You can check out the profitability with our Ethereum mining calculator . Q: Can I mine with my CPU (Personal computersprocessor) instead ofan expensive graphics card (GPU)? A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes. Q: Whats the best GPU to use for getting the most ETH for the least electricity? A: AMD cards tend to edge out similarly-priced NVidia cards in terms of efficiency. We cover the best cards to get under the heading GPU Hardware further down in this post. Q: Continue reading >>

How To Mine Ethereum

How To Mine Ethereum "the Easy Way" - An Ethereum Mining Contract?

How to mine Ethereum "the Easy Way" - an Ethereum Mining Contract? How to mine Ethereum "the Easy Way" - an Ethereum Mining Contract? Ethereum is quite difficult to mine on your standard PC as there are quite a few step to go through as can be seen in our comprehensive guide here . If you aren't tech savvy or willing to give a bit of time to getting it up and running yourself, thereis another way. This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf. You can compare all Bitcoin and Ethereum cloud mining contracts here . You can buy your first cloud mining contract with Genesis Mining here . This is called cloud mining. It has been happening for a long time with Bitcoin and a number of reputable providers have come to the fore where you can trust their reputation for them not to run off with your money. This is especially true of Genesis Mining who are the first to set up a batch of Ethereum Mining contracts where all you do is pay them some cash and your up and running as an Ethereum miner - as simple as that - no hassle no playing around with downloading Geth and using command prompt - and most importantly you don't have to maintain it yourself which can be a big issue if you have to keep going to restart your computer. So it saves your time! The reason Ethereum Cloud miners can get better deals is two fold. Firstly they buy in bulk, so they get a discount on all their graphics cards. Secondly they can put their mining machines in low cost locations such as Iceland. This severely reduces the operating costs of running an ethereum mining contract which means they can pass on these savings to you. In fact Genesis mining run their contracts off green energy - so you can say your being green whilst being in the avant- Continue reading >>

An Idiots Guide To Building An Ethereum Mining Rig

An Idiots Guide To Building An Ethereum Mining Rig

An Idiots Guide to Building an Ethereum Mining Rig In March, the price of an Ether cryptocurrency token rose to an all-time high of around $25. This was good news for investors in Ethereumthe blockchain-based distributed computing platform that uses Ether as its currencywho had watched the cryptocurrency's price stagnate at under $10 since its launch in July 2015. But it also had another profound effect on shaping the network: For the first time ever, it was truly profitable to mine Ether. I had been entertaining the idea of building an Ethereum mining rig for months and the price surge in May made it seem like as good a time as any to begin the process. So I sold some of my Ether, bought some computer hardware, and set to work learning about building PCs and the art of Linux. But before I dive into the unnecessarily painful process of setting up an Ethereum mining rig as a complete n00b, let's brush up on some Ethereum basics. Mining is the term used to describe the process of extracting cryptocurrency tokens from a blockchain network. In the case of Ethereum, this involves having computers continuously run a hashing algorithm, which takes an arbitrarily large amount of information and condenses it to a string of letters and numbers of a fixed length. The hashing algorithm used by Ethereum called ethashhashes metadata from the most recent block using something called a nonce: a binary number that produces a unique hash value. For each new block in the blockchain, the network sets a target hash value and all the miners on the network try to guess the nonce that will result in that value. Due to the way cryptographic hashing works, trying to guess the nonce that will result in the target value is practically impossible. This means that the only way of finding the correc Continue reading >>

How To Mine Ethereum: Complete Beginners Guide

How To Mine Ethereum: Complete Beginners Guide

First you need a computer, or graphics card, that is capable of computing an algorithm that it attempts to solve in order to generate some Ether. For Ethereum, the block that your video cards are attempting to find generates on average every 15 seconds. That means every 15 seconds, the Ethereum network pays to whomever found the block, 5 Ethereum (this value may change over time). It should be noted that at some point in the future, Ethereum will be switching over to proof of stake with their Casper Fork which will mean it can no longer be mined. There are currently many options for Ethereum Miners depending on the type of Video Card, the amount of video cards you want on one motherboard, and the power requirements. 6x Video Cards (Minimum 3GB, 4GB recommended) Best Hash/Price Recommendation: Radeon RX 570 4GB Ethernet cable (do not run wifi), power button for motherboard, fans for cooling With this setup, youd find on average around 0.5Eth per month. This will change depending on the Ethereum Mining Difficulty, you can use the website WhatToMine to make calculations of your earnings or find other profitable coins to mine. It is important to consider the difficulty to measure whether to continue mining Ethereum, or whether to switch to another algorithm or coin to mine. Unfortunately, for someone looking at building just a few mining rigs, they may never find a block solo-mining. Therefore it is necessary to join a mining pool. A mining pool combines the hashrate of all the miners, and vastly increases the chances that the group is able to find a block. This therefore allows you to get a steady payout from the pool, even if you yourself never find a block. There are some choices for Ethereum mining pools which vary depending on how their overall hashrate, the fee struc Continue reading >>

Ethereum Wallet - Crypto Mining Blog

Ethereum Wallet - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Ethereums Blockchain Data Getting Close to 30GB The people that prefer to have full control over their Ethereum (ETH) addresses by running a local node with a full copy of the Ethereum blockchain could soon start having free space issues as the storage requirements continue to grow at a rapid rate. The Ethereum blockchain data is already getting close to 30GB in size and thanks to the Ethereum Classic (ETC) you may need to make a copy, so another 30GB of data for the ETC local wallet and blockchain. It may not be that big of an issue if you keep a single large blockchain on your computer, but people that use local crypto currency wallets usually have multiple of these and with the already huge Bitcoin (BTC) data getting close to 85GB in size as well as a few other more established older altcoins the free space required on your hard drive or let alone SSD if you use one can be over in no time Ethereums Blockchain Data Continues to Grow Rapidly in Size It is not even a year since the mining of Ethereums Ether (ETH) coins has started and due to the short block time and the huge user interest the total size of the blockchain data of Ethereum has already grown huge and continues to grow rapidly. The current size of the Ethereum blockchain data files is already over 16 GB and just about two months ago it was a bit over 9 GB . With the increasing demands for storage to host the full blockchain data as a part of a local wallet or a full network node more users might be switching to online wallets and other services that do not require the user to have a local copy of the data files such as exchanges for example. With more users getting into Ethereum the number of transactions on the network is also g Continue reading >>

Step-by-step Guide: Getting Started With Ethereum Mistwallet

Step-by-step Guide: Getting Started With Ethereum Mistwallet

Smart Contracts as a Service (SCaaS) platorm Step-by-Step Guide: Getting Started with Ethereum MistWallet According to Coin Market Cap , Ethereum has the second largest market cap amongst Crypto-Currencies, after Bitcoin. Bitcoin and crypto lovers all around have seen Ethereum as an interesting platform that promises scalability, reliability and growth potential. If you still havent started using (or at least experimenting with) Ethereum, its high time you should try your hands on it. The speed with which Ethereum is evolving and grabbing the market share is astonishing. Thats great. But hey, where do I start? If thats what youre thinking, youve landed in the right place. In this guide, well cover everything to help you get started with Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. To operate the distributed application platform Ethereum, you need a fuel: Ether. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). Thats pretty much what you need to know at this stage to get started. If youre still intrigued and want to learn more, go here and here . To store, accept and send ether, you need a wallet. Download the latest release of mist wallet . Scroll down to Downloads and choose the release as per the system youre using. Choose Ethereum-Wallet-YourSystem. For this guide, Im working through the installation of the wallet for Mac OS i.e. I se Continue reading >>

Mining Through Mist / Ethereum Wallet Gui : Ethereum

Mining Through Mist / Ethereum Wallet Gui : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

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