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 >>
Ethereum - Cpu Mining On Linux
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 >>
Cpu Mining With Geth | Ethereum Frontier Guide
At Frontier, the first release of Ethereum, you'll just need a) a GPU and b) an Ethereum client, Geth. CPU mining will be possible but too inefficient to hold any value. At the moment, Geth only includes a CPU miner, and the team is testing a GPU miner branch , but this won't be part of Frontier. The C++ implementation of Ethereum also offers a GPU miner, both as part of Eth (its CLI), AlethZero (its GUI) and EthMiner (the standalone miner). NOTE: Ensure your blockchain is fully synchronised with the main chain before starting to mine, otherwise you will not be mining on the main chain. When you start up your ethereum node with geth it is not mining by default. To start it in mining mode, you use the --mine command line option . The -minerthreads parameter can be used to set the number parallel mining threads (defaulting to the total number of processor cores). You can also start and stop CPU mining at runtime using the console . miner.start takes an optional parameter for the number of miner threads. Note that mining for real ether only makes sense if you are in sync with the network (since you mine on top of the consensus block). Therefore the eth blockchain downloader/synchroniser will delay mining until syncing is complete, and after that mining automatically starts unless you cancel your intention with miner.stop(). In order to earn ether you must have your etherbase (or coinbase) address set. This etherbase defaults to your primary account . If you don't have an etherbase address, then geth --mine will not start up. You can set your etherbase on the command line: geth --etherbase 1 --mine 2>> geth.log // 1 is index: second account by creation order ORgeth --etherbase '0xa4d8e9cae4d04b093aac82e6cd355b6b963fb7ff' --mine 2>> geth.log You can reset your etherbase on Continue reading >>
How To Mine Ethereum On A Windows Pc?
You can also mine Ethereum Classic (ETC) if you start your geth in Step 7with the param --oppose-dao-fork. Read this ifyou want to understand what Ethereum Classic is . Running a CPU you might be able to generate 0.15 Mega Hashes whilst with a decent GPU with enough memory you could be doing upwards 25 Mega Hashes ( you can choose a GPU to mine ether here and use our guide on how to choose a GPUto mine ether ). So in terms of total efficiency, taking into account electrical costs, a GPU is definitely worth it even if it costs you $200. You can also try buying a cloud mining contract with Hashflare or Genesis Mining . Part 1 - Installing GETH, Syncing the Blockchain & creating your own address! Step 1: The first thing you need to do is go to this link download Geth . Geth is the program that communicates with the Ethereum Network and acts as the a relay between your computer, its hardware and the rest of the ethereum network computers so if a block is mined by another computer your Geth program will pick it up and then pass on the new information onto your GPU or CPU for mining. Step 2: You need to unzip the GETH file and move it to a location on your hard drive. In this case we'll move it to the hard drive, usually (C:) - which will make the next step easier. All you need to do is copy the file you have downloaded and unzipped and move it to the hard drive folder. Step 3:Now you need to run the program you just downloaded. To do this you need to run Command Prompt. You can do this by searching in the search function in Windows for "CMD" and then clicking on it when it shows up. Step 4: Command Prompt is now open - and can look terrifying to people who aren't familiar with it. The Command Prompt box usually has C:\Users\Username>showing in it - where Username is your us Continue reading >>
Is Cpu Mining Even Worth The Ether?
I would like to start mining Ether, but my GPU isn't the greatest and I don't really want to spend the money on a dedicated rig. Is mining from my CPU (in a Linux environment) still worth the Ether? Or will I not be able to keep up? Some numbers - running ethminer on my CPU gives me a hashrate of 0.248 megahashes per second (MH/s). For comparison, each of my over-clocked AMD R9 390X GPUs gives me a hashrate of about 31.58 MH/s. My GPU gives me 127x the hashrate of my CPU. It is a lowish end CPU AMD FX(tm)-6350 6 core processor and with motherboard + CPU + disk drive + fans consumes about 200 Watts, or 4.8 kilowatt-hours (kWh) per day. Plugging these numbers into gives me an expected earning of ~ 0.004790 ETH (USD 0.06) per day or 0.033536 ETH (USD 0.39) per week. My cost of electricity @ ~ USD .17 per kWh is USD 0.816 per day which is 13.6x the value of the ETH earned. Compare the above to my 2 x R9 390X GPUs mining rig. Hashrate is ~ 62.8 MH/s. Again from the mining calculator, my expected earning is 1.210311 ETH (USD 14.16) per day or 8.4722 (USD 99.12) per week. Mining rig consumes ~ 700 watts. This is equal to 700 x 24 = 16,800 watt-hours per day, or 16.8 kWh. 16.8 kWh x USD .17 per kWh = USD 2.85 per day in electricity. Just remember that the cost of your GPUs may possibly not be recouped by the time that the Ethereum network switches from proof of work to proof of stake when GPU mining will be obsolete. Continue reading >>
Asic, Gpu, And Cpu Mining
Rather than a rehash (pun intended) of the advantages and disadvantages of Proof of Work versus Proof of stake , were here to break down how CPUs, GPUs, and ASICs all play a key role in the mining process. Understanding the hardware behind Proof of Work is essential for analyzing the sustainability and level of decentralization of different coins. Well go over the advantages and disadvantages of each hardware and how theyre relevant to the most popular cryptocurrencies and hard forks. An ASIC is an application specific integrated circuit. In the context of cryptocurrency, its a microchip specifically designed to execute a hashing algorithm as quickly as possible. Lets give you some perspective on how powerful these ASICS can be. A Bitcoin ASIC can calculate hashes 100,000 times faster than even the best CPU. ASICs are custom built for a single hash algorithm. Therefore, you would need to buy different ASICs for each coin that you wanted to mine. Currently, there are several companies, such as Bitmain and Canaan, that design ASICs. Due to their custom nature and niche application, a powerful ASIC isnt cheap. For high-end hash power, a single ASIC could run you $3000 . That ASIC might earn you 10 dollars profit in the first month. Though due to the constant arms race of acquiring hashing power, your profits would decrease each subsequent month. Heres a look at the increasing Bitcoin hash rate over the last year. Performing trillions of hashes per second come with some downsides. Due to the intensehashing, these ASICs give off some serious heat and require proper cooling. In order to cool the chips effectively, thats going to require fans and a lot of noise. Just take a listen. And with great power comes great electricity. These ASICs will cost you a significant amount of Continue reading >>
How To Mine Ethereum On Your Pc
Hoover up some Ether using your home computer The cryptocurrency revolution is largely down to enthusiastic 'miners', who build or use their own machines to perform the complex proof of work algorithms to process data blocks, creating more of their chosen currency such as Bitcoin and Ethereum. Specialized mining equipment is available online and you can even rent processing power from companies such as Genesis Mining (weve got a guide on how to do this here ). However, if your home computer is powerful enough there's no reason you can't get started mining Ethereum today. In this guide, you'll learn how to use the friendly MinerGate client. This handy program quickly and easily connects you to MinerGate's mining pool from where you can share some of your machines resources, and then subsequently share in the rewards of generating Ether. Before you begin, remember that the actual amount of hard cash you'll make from doing this will vary depending on the mining difficulty, the fluctuating price of Ether and how powerful your hardware is. MinerGate has a built-in benchmarking tool to give you a rough idea how much you stand to make per year, although this doesn't take into account the electricity used by your machine. Open your browser and navigate to . Click on the button marked Download Miner & Start Mining. If you're using Microsoft Edge, you can click Run to launch the installer at this stage. Windows 10 will ask you to confirm that you wish to allow MinerGate to make changes to your system. Click Yes. Setup will now launch. Close down any other open apps and agree to the license agreement. On the next screen (Install Options), select Add MinerGate to the system PATH for current user as well as Create MinerGate Desktop Icon. Click Next, then Install. Once MinerGate has Continue reading >>
Can You Mine Ethereum Using A Cpu?
With the current price of Ethereum fast approaching the $1,000 dollar mark, many crypto-newcomers are keen to jump on the mining bandwagon using their own machines. Although its technically possible to do this with your home or office machine, the question of whether ETH can be mined with a CPU is secondary to the question about whether you can do so profitably. In terms of dollars and cents, the amount youll earn from mining Ethereum is influenced by a number of factors. These include the mining difficulty, which generally increases over time. Like most cryptocurrencies, Ethereum isnt pegged to fiat money or backed up by any asset. This means if youre mining for profit, your earnings are set by the rate determined by your chosen coin exchange. Other factors which might influence your decision to mine Ethereum include your hash rate, which relates to the number of calculations your machine can perform at any given time. Generally speaking the higher your hashrate, the greater processing power you can contribute to the network, which increases the reward youll receive in ETH. The mining algorithim used by Ethereum, Ethash is designed specifically to be ASIC-resistant, in that unlike with Bitcoin, theres no real advantage in using custom mining devices with specialised chips to mine ETH. This said, its unlikely that the average laptop or desktop machine CPU will make you rich any time soon. The best way to find out for yourself is firstly to benchmark your computer to determine its current hash rate using specialist software or an online tool such as Bitminters testing page . You can then run these numbers through Etherscans own mining calculator . In the example above, the hash rate for an 2.5GHz dual-core Intel Core i5 CPU was entered (roughly 0.25 MH/s). The CPU in th Continue reading >>
Cpu Mining Ethereum
does anyone know of list that shows mining hash rates for eth on cpus ? would it be worth investing in some Azure servers you think ? CPU mining is dead for a very long time now. If you want to CPU mine Eth, you're better be prepared to wait roughly 5 months (on average) to find a single block with 1 Mh/s (= i7 5820K). at this point you need a gpu to mine ETH, otherwise you are wasting your time and energy I wonder whether a gridseed can be tweaked to mine Ethereum. I think it is an hybrid of script and SHA so why not try with it maybe? But ether is soon reaching its POS phase so it will not be worth mining much. Quote from: bathrobehero on February 20, 2016, 03:13:49 AM CPU mining is dead for a very long time now. If you want to CPU mine Eth, you're better be prepared to wait roughly 5 months (on average) to find a single block with 1 Mh/s (= i7 5820K). I am doing minergate cpu mining and my earnings was way to low it's better to work on faucets than cpu mining,I am still surprise that minergate still do cpu mining when it is not practical at all .. Quote from: bathrobehero on February 20, 2016, 03:13:49 AM CPU mining is dead for a very long time now. If you want to CPU mine Eth, you're better be prepared to wait roughly 5 months (on average) to find a single block with 1 Mh/s (= i7 5820K). CPU mining will happen again in about 10 months for Ethereum. It will be a PoS coin then. You need a CPU to process the blocks. Quote from: bathrobehero on February 20, 2016, 03:13:49 AM CPU mining is dead for a very long time now. If you want to CPU mine Eth, you're better be prepared to wait roughly 5 months (on average) to find a single block with 1 Mh/s (= i7 5820K). CPU mining will happen again in about 10 months for Ethereum. It will be a PoS coin then. You need a CPU to proc Continue reading >>
Mining Software | Desktop Mining
Mining with your Computer ... minimum withdraw only $1.00 USD You can earn money from your computer while it idles and you do other activities, we pay directly to PayPal or supported many supported Cryptocurrency wallets. Our mining software for your desktop allows you to mine for the US Dollar, Monero, Bitcoin, Litecoin, Ripple and Ethereum the choice is yours, and you can change your choice at any point. As part of our offering you can mine Monero and get paid in Monero when you reach a minimum of 0.1 XMR Want to mine bitcoin with your desktop? Now you can, you can mine for bitcoin and get paid when you reach 0.001 BTC Our desktop mining software allows you to mine for Ethereum and get payment when you reach the minimum set. You can use our mining software to mine for the US dollar and get payment via PayPal when you reach the minimum of $1.00 Earn money by mining for Bitcoin, US Dollar, Monero or Ethereum. Minimum withdraw is only $1.00 USD Earn money with your windows desktop computer and get paid via Bitcoin, Monero, Ethereum, Iota or Paypal You can use your desktops CPU to start mining for Bitcoin right now. With our latest software offering you can turn every computer you own into a potential mining rig which will earn you Bitcoin. Mining for Monero using your desktop Computer We provide the option for users to get their mining reward through Monero, that means when you want to cash out you can get it sent to your Monero wallet You can use your Microsoft Windows PC to start mining for Ethereum today. We pay you based on your mining efforts every day if you reach the subsequent minimum withdraw amounts of each section. Mine for Cryptocurrency and get paid via PayPal We offer you a dollar value on all your mining efforts as it was at the time you was mining. This Continue reading >>
Ethereum - Cpu Mining On Windows
Nanopool | Ethereum | Help
YOUR_ETH/ETC_ADDRESS - your valid eth address YOUR_WORKER - simple short worker name (like worker01). Optional. YOUR_EMAIL - your email address for notifications. Optional. Don`t forget to set wallet, worker and email address to correct values. You must use failovers. If you want to enable Nanopool's failover servers, add these lines to epools.txt and change your wallet, worker and email address to correct values: POOL: eth-eu1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-eu2.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-us-east1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-us-west1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-asia1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 Don`t forget to set wallet, worker and email address for Ethereum to correct values. Dual miner supports mining Ethereum/Ethereum Classic and SiaCoin/PascalCoin at the same time. To control second algorithm intensity use -dcri option. Claymore miner takes additional 1% fee(2% for dual mode). More information about Claymore Dual Miner configuration can be found on bitcointalk.org YOUR_ETH/ETC_ADDRESS - your valid eth address YOUR_WORKER - simple short worker name (like worker01). Optional. YOUR_EMAIL - your email address for notifications. Optional. Don`t forget to set wallet, worker and email address to correct values. You must use failovers. If you want to enable Nanopool's failover servers, add these lines to epools.txt and change your wallet, worker and email a Continue reading >>
Ethereum Cpu Miner - Crypto Mining Blog
All About BTC, LTC, ETH mining as well as other alternative crypto currencies Some Updates and Additional Tips for Mining Ethereum Mining for Ethereums Ether (ETH) coins is turning out to be a problem as it is still in its very early stages, it is still hard for non-advanced users to get started with it. Evven when you follow a guide like our guide on How to Mine Ethereum on Windows yuo can get to another challenge like the mining pool refusing your connections. This has happened today with the ethpool stopping to accept new miners resulting in connections for users trying to use new wallet addresses getting refused while all older miners can still continue to use the pool. The problem here is that ethpool is still the only Ethereum mining pool, so now the only alternative for new users is to solo mine we have prepared a guide on getting started with Solo GPU Mining Ethereum on Windows . With solo mining however the risks are higher, but the rewards can also be higher if you turn up lucky, there is however no point in solo mining with CPU as the hashrate will be pretty low and you will need a lot of luck to hit a block. We have updated our mining package that includes the geth client for generating a local Ethereum wallet and also needed for solo mining to the latest version, it is compiled for 64-bit Windows. The package also includes two versions of ethminer (also 64-bit only), the standard one with CPU and OpenCL mining as a part of cpp-ethereum and a second one forked to support CUDA as well. Note that the CUDA version can be used to mine with the CPU, OpenCL and CUDA and you should be are able to use OpenCL on Nvidia GPUs as well. The CUDA miner should work on GPUs with Compute 2.0 or later, but if you are having trouble running the CUDA miner you can try with the Continue reading >>
Mine For Bitcoin With Anycomputer
Mining is a great way to enter the cryptocurrency ecosystem. However, Bitcoin/Litecoin is almost impossible to mine for the average user. It requires expensive equipment called ASICs that are made by a controversial, centralized company called Bitmain. These ASIC chips consume high amounts of electricity, and ASIC mining farms often use cheap & ecologically-destructive coal power. These centralized mining cartels mint the vast majority of new Bitcoin, and are responsible for contentious forks of Bitcoin in order to maintain a monopoly of the network. I am not trying to cast a negative light on Bitcoin- I am highlighting how far we have come from Satoshis (the mysterious creator of Bitcoins) white paper that described a democratic mining system of One CPU as one vote. Back in the early days of Bitcoin, any old laptop could mine hundreds of Bitcoin a week (worth millions of $ at todays value). In a way, this was utopian in the sense that anyone, anywhere could verify and support Bitcoins network. However today, CPUs and even more powerful GPUs are worthless for mining on Bitcoins network- which leaves all of the mining to one powerful mining company in China. However, just because you do not own an expensive ASIC miner doesnt mean you cant mine with any average computer to ultimately obtain Bitcoin (using a regular CPU, GPU, and even a Hard-Drive). Monero is a particularly interesting alternative to Bitcoin. Unlike Bitcoin where every transaction is public on a distributed ledger, Monero offers true anonymity. While being a philosophically contentious issue, I believe that anonymity could be useful for people living under dictatorial governments. The Dark Web browser of choice called Tor, was created by an agency of the U.S. Department of Defense for this reason. And whi Continue reading >>