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Ethereum Solo Mining Guide

How To Mine Ethereum - A Beginner's Guide

How To Mine Ethereum - A Beginner's Guide

How to Mine Ethereum - A Beginner's Guide July 20, 2016 - Posted by CoinGecko on Guides [This guide was written with the help of mining specialists from HashFlare.io ] Mining Ethereum is no rocket science, even on Windows. There will be some command prompt and script writing involved, but this guide will cover everything you need to know to get started with mining Ethereum on your PC. However, if you do not want to spend the time going through all the steps listed below to get started with Ethereum mining, you may want to consider HashFlare cloud mining contracts . To get started with Ethereum mining, you will need the following: a)Graphics Cards (GPUs) - Make sure you have a decent one with at least 2GB of memory on it. This website has a user-submitted list of popular GPUs for your consideration b)x64 version of Windows Operating System c)About 30 GB of free space on your hard drive for all the software and the blockchain 1. To get started, first,create a folder on your hard drive, C:\Eth for example. This is where all the mining software will go. 2. Next, you will need to download the following softwares: a) Geth -Pick Geth-Win64, download, and extract it b) Ethminer -Download and extract it to the same folder then rename it to miner c) Ethereum Wallet -Pick Ethereum-wallet-Win64, download, extract, and rename it to wallet For more information on what you are downloading, these are the explanation: -Geth is the communication piece of software, it acts as a relay between the Ethereum Network and your computer, downloading and synchronising the blockchain. It also passes information to the mining software. - Ethminer is the actual mining software that works with your GPU. - Wallet is self-descriptive, it allows you to check your ether balance and transfer the funds. I Continue reading >>

Ether Mining Guide: How To Mine Eth Cryptocurrency

Ether Mining Guide: How To Mine Eth Cryptocurrency

Ether Mining Guide: How to Mine ETH Cryptocurrency In this guide we explain how to mine ETH cryptocurrency, including the hardware and software required to mine ETH profitably. Ethereum (ETH) is an open-source public blockchain protocol that features the use of smart contracts. This allows other decentralization applications or Dapps to be built on top of the Ethereum blockchain. Ether is the block reward or cryptocurrency that is generated by verifying transactions and creating new blocks to ultimately maintaining the Ethereum blockchain. Ethereum was proposed and founded by Vitalik Buterin in 2013. There are also many other co-founders including Dr. Gavin Woods, Joseph Lubin, Charles Hoskinson, and Anthony Diiorio. The Ethereum Virtual Machine (EVM), which is decentralized and Turing-complete, utilizes an international network of public nodes to execute scripts. The Ethereum blockchain also uses gas as an internal transaction pricing mechanism, which is included as part of every transaction on the Ethereum network. The gas is considered transaction fuel, and incentivizes miners to include the transaction in a block. Ether is the 2nd largest cryptocurrency by market capitalization (USD$ 69+ billion). It is one of the few cryptocurrencies that still uses a Proof-of-Work consensus mechanism that is ASIC-resistant (until recently according to rumours) and can still be mined using regular GPU computational power. If you are considering mining ETH in the short term (there may be a couple of years left), you want to first think about whether you are going to solo mine, pool mine, or cloud mine. Pool mining has associated costs like pool fees but you could see quicker rewards and reduced reward variance in comparison to solo mining. At this point, the most profitable and eff Continue reading >>

Quick Guide On Solo Gpu Mining Ethereum On Windows

Quick Guide On Solo Gpu Mining Ethereum On Windows

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Quick Guide on Solo GPU Mining Ethereum on Windows AS requested here comes a simple guide on how to solo mine Ethereum Ether coins on a local system or within a network with multiple mining rigs. Note that at this point it is already pointless to try local solo mining with CPU only, and if you do not have enough GPU power available and you end up with some bad luck you may not be able to solve a block in a long time. Also our experience shows that geth may lockup at times when solo mining not sending new work from the current block, so do monitor your mining rigs carefully should you decide to try it. If you want to mine in a pool, then you might want to check out our other Quick Guide on How to Mine Ethereum on Windows . Before you get started you need to download the geth and ethminer Windows binaries from the link below, then just follow the instructions below: Open the geth folder and run geth-console.bat to start Ethereum in console mode The software will need to download the blockchain data, it can take some time In the console type: personal.newAccount("password") Instead of password in the quotes above write your own password and remember it well This will list your Ethereum wallet address To check your account balance you can type: web3.fromWei(eth.getBalance(eth.coinbase), "ether") First you need to unlock your account by typing in the console the following (replace password with your password): personal.unlockAccount(eth.accounts[0], "password") In the console type: eth.sendTransaction({from: 'your_address', to: 'recipient_address', value: web3.toWei(1, "ether")}) In the above code replace your_address and recipient_address with the respective addresses, the example is for sending Continue reading >>

Mining Ethereum Guide 2018 | Is It Possible To Get Rich By Mining?

Mining Ethereum Guide 2018 | Is It Possible To Get Rich By Mining?

In cryptocurrency, mining refers to the use of computer hardware and special software applications to find blocks on a given blockchain or platform. To put it simply, Ethereum mining refers to the computational process of finding ether. Ether is required in the implementation of smart contracts that are useful in verifying, approving and securing transactions of various applications that run on the Ethereum blockchain. To engage in Ethereum mining, you need the following: With the above in place, you can become a miner and get rewarded with ether every time you hit a hash. Let us look at the various ways of mining Ethereum. There are two ways of mining Ethereum: GPU Mining and Cloud Mining. For you to engage in Ethereum mining, you need to have specialized hardware commonly called GPU, short for (graphics processing unit) GPUs are preferred for Ethereum mining because they have more hashing power than the CPUs that were initially designed to do the mining. So, mining Ethereum requires you to have the best GPU and a rig. With this software and hardware in place, you can go ahead and try solo mining. GPU Mining is the most effective and profitable method of mining since it is 200 times faster than any other existing mining method. However, it needs a lot of electricity to run the hardware and software. It also requires high costs of maintenance when it comes to the hardware. Firstly, you need to have the right hardware. Any computer with a graphics card (or multiple graphics cards), of four gigabytes (or more) of video RAM, will work. Then download a miner. It is recommended that we join a pool since it enables us to get more transactions going through our computer. An excellent example of a mining pool is Claymores Miner. Next, create an Ethereum wallet in which Ethereu Continue reading >>

Ethereum Mining On A Windows Pc

Ethereum Mining On A Windows Pc

Are you a Windows guy? Want to do Ethereum Mining? Great then youve come to the right place. Ethereum mining on a Windows PC take a little bit more work but really anyone can pick it up easily. This guide is a mining guide that goes through the steps on how to set up the software and configure it on a Windows PC. This guide does not show you how to build an ethereum mining rig . Download Geth .Gethis the program that communicates with theEthereum Networkand acts as the relay between your computer, its hardware and the rest of the Ethereum network. Once you have it downloaded, save it somewhere(Desktop is easiest) and unzip the file. Then copy Geth applicationtoyour C: drive. Next, start upCommand Prompt and navigate to the C: drive.If you dont know how to get to the C: drive, simply typecd \and now you be looking atC:\. Now you are ready to launch Geth. Just type geth account newand hit enter. You will be asked toenter a passphrase. You will not be able to see what you are typing. Guard this passphrase with your dear life! It locks your account and keeps your private key safe. If you lose it or gets stolen, you will lose all of your Ethereum that is held within the wallet held by that Private key. Once you have entered your password and confirmed it by entering it a second time you will have created a new wallet! The wallet address is given to you. Write it down or copy it since you will need this a bit later. Now that you have your wallet ready, you will need to getGethto start communicating with the rest of theEthereum network. Typegeth rpcand hit enter. The screen should start downloading theblockchain for Ethereum. You are synchronizing with the rest of the Ethereum network while it is downloading. The process can take up to a few hours so be patient. Sometimes you 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 >>

How To Mine Ethereum On A Windows Pc?

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 >>

Ethereum Solo Mining

Ethereum Solo Mining

can any one tell me how to mine ethereum solo with GPU ? AMD GPU You will not be able to mine any Ethereum doing solo mining. Even if you had more than 100 AMD GPUs estimates you would have to wait years just to find a single ethereum block. You will need to join Ethereum mining pools like nanopool.org or ethermine. I highly recommend you do more research. Google has a wealth of knowledge on how to start mining and this topic is extensively discussed. Quote from: jmigdlc99 on December 14, 2017, 09:50:32 AM You will not be able to mine any Ethereum doing solo mining. Even if you had more than 100 AMD GPUs. You will need to join Ethereum mining pools like nanopool.org or ethermine. I highly recommend you do more research. Google has a wealth of knowledge on how to start mining and this topic is extensively discussed. ethpool.org i mine there witb my 5ghs sometimes , i get a block every six days or so sometimes an uncle too You can definetley solo mine ETH with 100 AMD RX 570/580 GPU's. With 3 GH/s it would take about a week on average to find a block. For most people though, a pool like Ethpool.org is a better option. On Ethpool you accumulate credits towards a full block payout and only receive a payout once you accumulate enough credits to be the first in line at the top of the payout list for the next block found by the pool. Once you reach the top, you receive the next full block payout of ~3 ETH plus an Uncle payout if it's an Uncle block. It's like solo mining, but you don't lose credit for the work you did if you don't find a block, like you do with solo mining. You also have the benefit of being able to estimate when you will receive a payout by looking up your wallet address on the miner stats page. Continue reading >>

Can I Run More Efficiently By Solo Mining And Using Geth?

Can I Run More Efficiently By Solo Mining And Using Geth?

Can I run more efficiently by solo mining and using GETH? So I have been mining for about two months. I have a Hash rate of 150 MH/s using Claymore and have recently been thinking about switching to a pool. However I am not sure if I am in a pool already or not. I think I am solo mining because next to -epool in my BAT file I put the stratum server us2.ethermine.org:4444? Can anyone tell me if I am in a pool or not I thought I was solo mining. Never had any downtime though I assume I am going solo I also read that I should be running Geth while I mine because it connects to the ETH network and I will find blocks faster? I'm not exactly sure if that is correct and am having a hard time finding an explanation. This is the guide I am following , I think I'm just trying to figure out what I am doing by running GETH and Claymore at the same time and how inefficient have I been without running GETH these last two months Continue reading >>

How Do Mining Pools Work? Is It Better Than Solo Mining?

How Do Mining Pools Work? Is It Better Than Solo Mining?

How do Mining Pools Work? Is it Better Than Solo Mining? Admir Tulic October 24, 2017 420 no comments Lets start with the definition of pool mining: A Mining Pool is a protocol for a group of miners to work together, in order to smooth out their mined coins. Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time. So, bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. The mining pool coordinates the workers. Its just like a lottery pool. Your odds of winning a lottery are very low, so you team up with a bunch of other people and agree to split the winning. This makes your odds of winning much higher, but the amount you win much lower. What a mining pool does is function as a coordinator for all the pool participants doing: Recording how much work all the participants are doing Assigning block rewards proportionally to participants Miners mine differently by running pool software instead of the bitcoin client and just performing hashes for the pool. The pool operator randomly verifies a small portion of the work submitted by each member of the pool. The member miners dont know which of their submissions will get verified so they cant cheat. If they cheat once in a while they might get away with it but not for long enough to matter. Traditionally, pools gave miners work units covering the entire nonce range 0-4,294,967,295. When the miner finishes work, he r 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 >>

Ethereum Gpu Mining On Linux How-to

Ethereum Gpu Mining On Linux How-to

Install/use Debian 8 or Ubuntu 16.04 then execute: sudo apt-get install software-properties-commonsudo add-apt-repository ppa:ethereum/ethereumsudo sed 's/jessie/vivid/' -i /etc/apt/sources.list.d/ethereum-ethereum-*.listsudo apt-get updatesudo apt-get install ethereum ethminergeth account new# copy long character sequence within {}, that is your # if you lose the passphrase, you lose your coins!sudo apt-get install linux-headers-amd64 build-essentialwget +x NVIDIA-Linux-x86_64-384.90.runsudo ./NVIDIA-Linux-x86_64-384.90.runethminer -G -F --farm-recheck 200echo done Ethereum is a crypto currency similar to Bitcoin as it is based on theblockchain technology. Ethereum is not yet another Bitcoin clone though, sinceit has an additional feature called Smart Contracts that makes it unique andvery promising. I am not going into details how Ethereum works, you can get thatinto great detail on the Internet. This post is about Ethereum mining. Mining ishow crypto coins are created. You need to spent computing time to get coins out.At the beginning CPU mining was sufficient, but as the Ethereum networkdifficulty has increased you need to use GPUs as they can calculate at a muchhigher hashrate than a general purpose CPU can do. About 2 months ago I bought a new gaming rig, with a Nvidia GTX 1070 so I canexperience virtual-reality gaming with a HTC Vive at a great framerate. As itturns out modern graphics cards are very good at hashing so I gave it a spin. Initially I did this mining setup with Windows 10, as that is the operatingsystem on my gaming rig. If you want to do Ethereum mining using your GPU, thenyou really want to use Linux. On Windows the GTX 1070 produced a hashrate of 6MH/s (megahashes per second) while the same hardware does 25 MH/s on Linux. Th Continue reading >>

Ethereum Mining Guide For All Operating Systems

Ethereum Mining Guide For All Operating Systems

BestVPN Guides Ethereum Mining Guide for all Operating Systems Ethereum Mining Guide for all Operating Systems Ethereum mining can be difficult, I know! In this guide, Ive covered everything from the bottom up so whether youre a beginner or a pro you should be able to glean some useful insight and learn something new. It doesnt matter if youre planning to do mining using Linux, ethOS or Windows. Ive made sure to cover the steps for each. You will also find some great tips, tricks, optimizations, and solutions to common troubleshooting issues. If you dont have time to read all of it today, then bookmark this page, or sign up to our email list and receive it as a free ebook! Ethereum is an open blockchain platform similar to Bitcoin but with additional in-built flexibilities. With Ethereum, the blockchain can be considered to be intelligent thanks to the Ethereum Virtual Machine and Smart Contracts. Whereas with Bitcoin its a glorified ledger. With Ethereum you can execute code on the blockchain in a distributed way. These are called Smart Contracts. These allow you to set up a system, whereby a person will only receive payment under certain conditions. As Ethereum grows, the scale and complexities of these contracts are expected to increase. Smart Contracts is what has given Ethereum such a solid footing, as like with the blockchain has a functional use. If youre interested in about how Ethereum came about and wanted to find out more about it, then watch this YouTube video by COO, Stephan Tual . Before you determine if you should go on your Ethereum mining adventure; youll need to decide whether its going to be profitable or not. While, on the surface, this is incredibly easy, as Ill show below, you must be aware that mining is very much like trading. Cryptocurrency pri Continue reading >>

How To Set Up And Run Claymores Ethereum Miner On Windows

How To Set Up And Run Claymores Ethereum Miner On Windows

If youre new to mining, youve probably encountered at one point or another a mention of Claymores Ethereum miner. Its one of the most popular, if not the most popular, software for quickly and easily getting your mining rig up and running. It offers extensive control features, runs smoothly, and even allows on-the-fly tweaking of certain parameters without a restart. But for those who are just now getting into this mining thing, it might be a bit confusing to get running. Whats a config file? What are parameters? How do I get this thing to make me money? First of all, I assume youve found this guide after already purchasing your mining rig. If thats the case, then feel free to read on. But if youre still trying to decide whether or not its worth it to get into Ethereum mining or mining for any cryptocurrency, for that matter Id encourage you to check out our Is it worth it? series. In that series, we focus on the most popular coins and give you the latest information on whether or not its even worth mining that coin in the first place. So youve already purchased all the hardware you need for your Ethereum mining rig? Now youre just trying to figure out the software side of things and get things running smoothly so that your electricity-to-crypto conversion machine is running smoothly? If thats the case, and this should go without saying if youre reading this, Claymores is one of your best options. The first thing you need to do is download Claymores. For anyone with any technical background, this should be the most straightforward part of the process. Head over to the Claymores thread on BitcoinTalk and download the latest version. Youre going to have to unzip this file to somewhere friendly on your PC. I chose my desktop, because I basically put everything on my minin Continue reading >>

Mining Ethereum/go-ethereum Wiki Github

Mining Ethereum/go-ethereum Wiki Github

Introduction to Ethereum mining (main wiki) 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 Continue reading >>

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