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Ethereum Mining Reddit Guide

What Is Ethereum? A Step-by-step Beginners Guide

What Is Ethereum? A Step-by-step Beginners Guide

If you want to know what is Ethereum and how it works and what it can be used for, without going deep into the technical abyss, this guide is perfect for you. Important Note: This guide assumes a basic understanding of blockchain technology. If youre unfamiliar with blockchain, check out this step by step introduction for beginners . Beyond Bitcoin & first generation decentralized applications Although commonly associated with Bitcoin , blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today. [Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one. Sally Davies, FT Technology Reporter Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible. At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Is Ethereum similar to Bitcoin? Well, sort of, but not really. Like Bitcoin , Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capabil Continue reading >>

Mining Block Operations

Mining Block Operations

How to improve your mining game from a Basic to an Advanced miner. Tips on improving profitability. What I am mining now with my 150 or so miners. See more at Latest version of my guide to building and operating a mining rig is here, How to Build a 6 Rig GPU Miner for Zcash and Ethereum with Nvidia GTX 1070 and EthosDistro posted Oct 1, 2017 on Steemit. Took these pictures in May to document the BIOS settings I used for setting up GPU miners [] Rolf Mining , Zen equihash , mining , zen 13 Latest version of my guide to building and operating a mining rig is here, How to Build a 6 Rig GPU Miner for Zcash and Ethereum with Nvidia GTX 1070 and EthosDistro posted Oct 1, 2017 on Steemit. Nvidia miners work really well for mining Equihash based cryptocurrencies, like Zcash and ZenCash. I have not [] Rolf Altcoin , Mining altcoin , ethereum , gpu , mining , zcash 89 Latest version of my guide to building and operating a mining rig is here, How to Build a 6 Rig GPU Miner for Zcash and Ethereum with Nvidia GTX 1070 and EthosDistro posted Oct 1, 2017 on Steemit. This is the latest model of 6 GPU mining rig I am building this week. Bill of [] Rolf Mining , Zclassic bitcoin , mining , money , zclassic , zencash 20 Thank you to everyone who has reached out to me to tell me that they like my blog posts and videos. I intend to keep doing the posts and videos and will continue to sharethe information I learn running a mid-size Bitcoin and Altcoin mining facility. In fact, I am going to provide more details, [] Rolf Altcoin , Mining , Zcash , Zclassic ethereum , gpu , mining , zcash , zclassic 98 Latest version of my guide to building and operating a mining rig is here, How to Build a 6 Rig GPU Miner for Zcash and Ethereum with Nvidia GTX 1070 and EthosDistro posted Oct 1, 2017 on Steem Continue reading >>

An Efficientethereum Mining Guide Fornewbies

An Efficientethereum Mining Guide Fornewbies

An EfficientEthereum Mining Guide forNewbies Ethereum, the worlds second biggestcryptocurrency by market capital, exhibited massive growth in 2017, as its price increased by more than12,000%, rising from$7 inJanuray, 2017 toaround $860 towards the end of 2017.Interestingly enough,cryptocurrency enthusiasts and technical analysts believe that Ethereum has the potential to grow even more than $1350 in 2018. As such, Ethereum would be a great coin to mine in 2018, especially fornewbies, given the fact that it is ASIC resistant, so you can mine it with your CPU or even better, with a GPU mining rig. Throughout this article, we will take a look at the best mining hardware available today for mining Ethereum. We will also present you with the best Ethereum mining pools. The Best Equipment to Create aTop NotchEthereum Mining Rig: To set-up an efficient Ethereum mining rigI recommend using the following equipment: (Note: the models of equipment presented here are just examples that have been proven to be efficient as per the authors experience.) 1-Power supply: Get a Corsair CP-9020139-NA HX1000 1000W 80 Plus Platinum High Performance Power Supply. If you dont want to use Corsairs power supply, choose another model but make sure it hasapower of at least 1000 Watts, so that it can efficiently power the graphic cards of yourethereummining rig. 2-Motherboard:Get an ASUS PRIME Z270-P LGA1151 DDR4 USB 3.0 motherboard. If it is out of stock, make sure to purchase a motherboard that is compatible with deployment of 6 graphic cards. 3-CPU: Get an Intel Dual Core G3900 2.8 GHz 2M Cache CPU . You dont need a more powerful CPU. If you go for another CPU model, just make sure that it is compatible with your motherboard. 4-6 Graphic cards: Get 6 GigabyteGeForce GTX 1080 G1 Gaming GigabyteG Continue reading >>

Proof Of Work Vs Proof Of Stake: Basic Mining Guide

Proof Of Work Vs Proof Of Stake: Basic Mining Guide

Proof of Work vs Proof of Stake: Basic Mining Guide Angel Investors, Startups & Blockchain developers... Recently you might have heard about the idea to move from an Ethereum consensus based on the Proof of Work (PoW) system to one based on the so-called Proof of Stake. In this article, I will explain to you the main differences between Proof of Work vs Proof of Stake and I will provide you a definition of mining, or the process new digital currencies are released through the network. Also, what will change regarding mining techniques if the Ethereum community decides to do the transition from work to stake? This article wants to be a basic guide to understanding the problem above. First of all, lets start with basic definitions. Proof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed even before bitcoin , but Satoshi Nakamoto applied this technique to his/her we still dont know who Nakamoto really is digital currency revolutionizing the way traditional transactions are set. In fact, PoW idea was originally published by Cynthia Dwork and Moni Naor back in 1993, but the term proof of work was coined by Markus Jakobsson and Ari Juels in a document published in 1999. But, returning to date, Proof of work is maybe the biggest idea behind the Nakamotos Bitcoin white paper published back in 2008 because it allows trustless and distributed consensus. Whats trustless and distributed consensus? A trustless and distributed consensus system means that if you want to send and/or receive money from someone you dont need to trust in third-party services. When you use tra Continue reading >>

Brainless Ethereum Pool Mining With Windows - A Quick Tutorial : Ethermining

Brainless Ethereum Pool Mining With Windows - A Quick Tutorial : Ethermining

update my quick how-to for windows because I couldn't find one that was super simple and straightforward when I set it up.(Note: this is brainless because you're using the exact same process I did. So if you want to use another mining software or pool, it won't be as helpful. Sorry about that.) Step 1: Download a wallet and place it in a new folder on your c: drive. You'll use this for all your ethereum programs. I chose Mist because desktop wallets are generally more secure than online wallets. However the sidebar of /r/ethtrader has a whole list to choose from. This sub's favorite online wallet is MEW! and I recommend it for creating cold storage paper wallets. Also here is a quick tutorial on how to download and use the Mist wallet. Watch the video, play around with it, you'll feel more comfortable once you know the parts and pieces.After the blockchain downloads(this takes a while), find your wallet address, you'll need it shortly. Step 2: Get your mining software . I chose Genoli's Ethminer OpenCL but there are several included in the link. For this tutorial though, you should use Genoli's. Toss it in the folder with your wallet. Step 3: Choose your mining pool . I chose Nanopool which I've linked. You can check your hash rate and balance by entering your wallet address in the search bar on that page. Step 4: To begin mining through nanopool open notepad and copy the text below into it. ethminer.exe --farm-recheck 200 -G -S eth-eu1.nanopool.org:9999 -O YOUR_ADDRESS.YOUR_WORKER/YOUR_EMAIL The bottom line should be all on one line. Replace YOUR_ADDRESS with your wallet address. Then replace YOUR_WORKER/YOUR_EMAIL with whatever name you want or your email if you want updates. If you're using your CPU replace "-G" with "-C" and if you're not in the EU replace "eu1" wi Continue reading >>

A Beginners Guide Totezos

A Beginners Guide Totezos

According to the Tezos (Tay-zos) website, Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. A commonwealth is a group that chooses to be linked together because of their shared goals and interests. Tezos aims to have their token holders make decisions together to govern the platform and improve it over time. This post should help those who are new to Tezos to understand how it is different than other smart contracts platforms like Ethereum . Please see my beginners guide to Ethereum for those new to the concept of smart contracts. Tezos is a smart contracts platform like Ethereum but one of the main differences is that Tezos incorporates a process for upgrading the protocol over time through on-chain governance. This governance system is designed to allow for a smooth evolution of the blockchain rather than having to hard fork, which is a split of the blockchain into two separate versions. The team believes that hard forks, which both the Bitcoin and Ethereum blockchains have been subject to in the past, shouldnt be the standard way to upgrade over time. Their view is that hard forks should only occur as a last resort, when the community needs to be split into two due to irreconcilable differences over how each group envisions the protocol evolving. In Tezos, developers are able to independently submit proposals for protocol upgrades wherein they include a request for compensation for their work. Tezos token holders can then vote on whether the proposal should be approved. Adding this compensation structure provides incentives for developers to continue improving upon Tezos rather than having to work for free, relying on donations, or being sponsored by a centralized entity. This innovative structure is intended to Continue reading >>

The Secret (and Not So Secret) Feuds Of The Reddit Crypto Community

The Secret (and Not So Secret) Feuds Of The Reddit Crypto Community

The Secret (And Not So Secret) Feuds Of The Reddit Crypto Community Ever since Bitcoin became that buzzword that your grandma brings up at the dinner table, the Reddit crypto community has seen massive growth; as subs such as r/CryptoCurrencies , r/Bitcoin , r/Ethereum , and r/Litecoin and are flooded with tens to hundreds of thousands of new subscribers coming to talk and learn everything there is to know about crytocurrencies from the content served up at these Reddit sub-communities. But with this massive new audience of crypto enthusiasts born overnight flocking to and obsessing over crypto currencies, the founders and moderators of these crypto communities are now faced with a new problem; what do you do when you have a massive audience born overnight that comes to depend on you and your community as a resource? I take a look at some of these communities and see how they have taken to the new attention as of recent. r/Bitcoin is the subreddit (sub community within Reddit) that has been around from the near inception of Bitcoin itself, but has experienced the most meteoric rise in growth, with over 700,000 subscribers and over 16,000 active users in the community at a given time, its beginnings were quite humble. In 2010, their viewership was a mere twenty readers. Hard to believe, considering it makes such big waves today; often gaining national media attention for content posted within. By 2012, the word was out amongst the Internet fan-boys and girls, and the sub had grown to over six thousand subscribers. Keep in mind; Bitcoin was valued at around $5.34 at this time in history. Fast-forward to February 2016, Bitcoin is at around $400 and the community is already abuzz over this new asset and its potential. To think there was a day when you could get in at such Continue reading >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>

Our Sub's Comprehensive In-depth Guide To Mining Is Live! - Ethermining

Our Sub's Comprehensive In-depth Guide To Mining Is Live! - Ethermining

Our sub's comprehensive In-depth guide to mining is live! Hopefully this helps to cut down on repeat questions (doubt it), but at least gives a place for new users to look and learn about mining. It goes fairly in depth about a lot of common questions for new and semi-proficient users, also explains a bit about PoS and has a small FAQ. I have about 20 - 25 hours into this guide so I do hope it helps. Please feel free to suggest any changes or additions. I'm still working on getting the Linux guide up to par. Not sure why people are having issues using the main link, I tested it and it works just fine. Here is the link again in case you need it: /r/EtherMining/wiki/index If anybody feels like tipping, my wallet address is: 0xFBd8982c60D0F93304915c33201655eF234C5aE9 Will this guide be suitable for a complete beginner? I am making a build next month and originally it was just to play emulators on and battlefield but I have since learnt about mining only because of the graphics card I wanted buy is out of stock, that being the sapphire nitro+ 8gb rx 580 Again, I am a complete beginner, and I know almost absolutely nothing apart from names of things, I am looking for a guide or someone that can help me and take me on as some sort of apprentice as I have no idea what to do at the moment but I want to learn because we all like to make money and not only that I think it would be a useful skill to have I wrote it from the eyes of someone who would be starting from scratch and may have just a little bit of computer knowledge. It's not too long of a read, so I would recommend just paging through it and seeing if it's something you feel you can take on. I also have a section in the guide called "is mining right for me?" that goes over some basics that you should consider prior to Continue reading >>

Gpu Mining For Fun And Profit

Gpu Mining For Fun And Profit

One of the key value propositions of any cryptocurrency is decentralization. Bitcoin, Ethereum, and other cryptocurrencies are unique because there is not one organization that verifies transactions. Instead, transactions are verified by a network of miners. GPU mining is the act of verifying cryptocurrency transactions in exchange for a reward using GPUs. Anyone with a computer can participate in mining at least one cryptocurrency, but it is difficult to make a significant amount of money from mining unless you have at the very least a single high-powered gaming PC. This post is less of a guide and more of a high-level overview of some of the concepts and considerations involved in GPU mining. In order to mine, in general, you will need a graphics card with more than 2 GB of memory, basic knowledge of how to use the command line or willingness to learn, and an Ethereum wallet(or a wallet corresponding to whatever coin you are mining). After choosing the graphics card, mining software, and pool, mining Ethereum is actually pretty straightforward. If you want some help with these prerequisites or a more detailed guide to getting started check out the Ethereum Mining Wiki . With mining, the details of how to mine and the best strategies are constantly changing, so if you want to get into mining be prepared to figure some of the details out for yourself. It probably helps to understand to some extent how cryptocurrencies work and to keep up with the latest trends in the market. The most obvious benefit to mining is to make a profit. Different types of investments have trade-offs in risk and reward as well as the amount of time and/or money needed to invest. GPU mining is a unique type of investment that requires a relatively low up-front investment in time and money to ge Continue reading >>

Put Together A Mining Rig Build Guide For The New Folks : Gpumining

Put Together A Mining Rig Build Guide For The New Folks : Gpumining

Be specific with your title. Posts with titles such as "Mining Advice" or "ASUS GTX1070?" will be removed. Please retitle. Asking about general ROI / "Is x Worth It?" posts will be removed unless it hasn't been asked in a while, generally a week or two, at the discretion of moderators. Same as #2 for asking general "What Should I Mine?" See sidebar for links, including profitability calculators. Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link first. If your question is easily answered there then your question will be removed. All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: GPU, motherboard, PSU, OS, risers, mining software, overclocking specs. No personal selling of your equipment is permitted. See Simple Questions Thread. Do not just post a list of components asking for suggestions. Do not just give a budget asking for suggestions. If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. You will otherwise be banned for supposed shilling at the discretion of moderators. Please do your own legwork before looking for handouts. We are a helpful community but are not the place for hand-holding new miners through every step of the process. See the multitude of intro guides for that. Similarly, simple questions belong in the "Simple Questions" monthly thread. As always, keep posts professional and civil. Extensive trolling, profanities and trash posts will not be tolerated. Continue reading >>

Index - Ethermining

Index - Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Welcome to /u/Robbbbbbbbb 's basic introduction on mining. In this guide, you will learn how to start mining from scratch. This is meant to help cut out on new miners asking repeat, basic questions. I have derived a lot of the information in this guide from questions I've seen around the subreddit. There will likely be information which people disagree with (and that's okay), and that can be discussed and changed based on best practices and advice from the community. Remember, this guide is meant to help understand the basic fundamentals of mining and is not to be viewed as an advanced guide for seasoned users. For full transparency, there are Amazon affiliate links in this wiki when linking to products. This will help to provide incentive to upkeep the wiki, as well as provide contests and other incentives to the community without you having to tip or do anything else. For any details, please PM /u/Robbbbbbbbb for any questions you might have. First community giveaway completed 6/20/17 For someone new, this guide is best read from start to finish, in that order. If this guide has helped you, please consider a donation: ZCash: t1XQGkMkUA9cQQR1nz5CMLcVZimwBnKpBms ## **Ethereum Mining 101**> Welcome to /u/Robbbbbbbbb's basic introduction on mining.In this guide, you will learn how to start mining from scratch. This is meant to help cut out on new miners asking repeat, basic questions. I have derived a lot of the information in this guide from questions I've seen around the subreddit. There will likely be information which people disagree with (and that's okay), and that can be discussed and changed based on best practices an Continue reading >>

Ethermining

Ethermining

This is our official in-depth guide to mining across Windows, Linux, and ethOS. Please take a glance if you are new and have basic mining questions. Use of this site constitutes acceptance of our User Agreement and Privacy Policy . 2017 reddit inc. All rights reserved. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. Rendered by PID 113022 on app-239 at 2017-12-14 09:04:44.521872+00:00 running 23f3124 country code: US. Continue reading >>

A Beginner's Guide To Monero (buying, Trading, Mining)

A Beginner's Guide To Monero (buying, Trading, Mining)

Last updated on October 16th, 2016 at 03:54 pm In the wake of Moneros recent adoption by the Alphabay and Oasis Darknet markets and the subsequent price explosion, Monero is undeniably the markets preferred choice of anon coin, or anonymity-focused cryptocurrency: TradingView Monero (market symbol: XMR) chart, priced in US Dollar(-pegged crypto, Tether). Note that (inside) traders were buying XMR before news of its DNM adoption became known and selling it before the exit scam became known XMR is perfect for insider trading. 99 Bitcoins previously recommended Monero as a reliable option for obscuring the trail of your Bitcoin spending and we stand by that. If youre thinking of getting involved in Monero, this guide covers the coins history, features and future prospects in detail. Later sections are dedicated to the practicalities of trading and mining Monero. command line & GUI (multiple implementations) command line & experimental GUI (limited implementations) Following its launch in April 2014, Monero has progressed, slowly and steadily (for most of its history), to claim its place among the major cryptocurrencies: CoinMarketCap ranking for September 20th, 2016 Moneros volume is 3rd highest across the board. Monero has long played the tortoise rather than the hare, at least until XMR jumped up and started sprinting in August of 2016. As endless competing coins fuelled more by hype and speculation than any real innovation or utility fell by the wayside, Monero plodded along. The Monero developers and community focused on perfecting and upgrading their code to ensure reliable anonymity, paying little heed to cosmetic factors. As a result, Monero long remained unnoticed and undervalued by the crowd, over-shadowed by less technically impressive and ethically-unquestionab Continue reading >>

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Gpu Mining - Ethereum, Z-coins And Other Alt-currency Mining

Be specific with your title. Posts with titles such as "Mining Advice" or "ASUS GTX1070?" will be removed. Please retitle. Asking about general ROI / "Is Mining Worth It?" posts will be removed unless it hasn't been asked in a while, generally a week or two, at the descretion of moderators. Same as #2 for asking general "What Should I Mine?" See sidebar for links, including profitability calculator(s). Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link first. If your question is easily answered there then your question will be removed. All troubleshooting questions must include your pertinent rig information, including but not limited to these 7 factors: GPU, mobo, PSU, OS, risers, mining software, overclocking specs. No selling of your used equipment is permitted. See Simple Questions Thread. Do not just post a list of components asking for suggestions. Do not just give a budget asking for suggestions. If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. You will otherwise be banned for supposed shilling at the descretion of moderators. Please do your own legwork before looking for handouts. We are a helpful community but are not the place for hand-holding new miners through every step of the process. See the multitude of intro guides for that. Similarly, simple questions belong in the "Simple Questions" monthly thread. As always, keep posts professional and civil. Extensive trolling, profanities and trash posts will not be tolerated. Continue reading >>

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