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Getting Started With Ethereum Mining

How To Get Started With Ethereum Mining - Updated - Quora

How To Get Started With Ethereum Mining - Updated - Quora

It's not difficult task on how to mine and get started with ethereum mining. Mining of ethereum can be done easily on large pay scale. In today's financial market, trend of mining ethereum is growing rapidly along with trend of growing of various cryptocurrencies. Every individual wants to invest in mining Ethereum and various cryptocurrencies as no one want to miss out this hyper-growth investment. Hashgains provides best ethereum mining practices at an affordable prices. With an access to the leading latest technologies and big industrial data centers, Hashgains provides excellent mining services along with additional 24 months contract duration. Ethereum Mining is a public block chain management platform that enables developers to manage and respond to such a decentralized applications. Contact Rakesh :+917014855606, We are best in India Mining rig suppliers.We have supplied over 250 6GPUs rigs and 7 8GPUs rigs in India in last 3 months.I ensure personally there will be no scam but may be sometime I becomes rude.Another thing people demands that they will come to my hometown and pick the rig and will make payment,I want to say something cryptocurrency is trust, its only your trust ethereum so precious. Again we like to take payments in advance in form of bitcoins but in some extreme case we are allowing Bank Transfer.After payment rig will be all yours after maximum 7 days.Our rigs will give you avg. 192 MH/s and ROI is around 3 months. One more thing We have very good stock of MSI RX 580 GPUs and we are ready to sell them at no loss no profit rate at 310$ per piece(MIN 20). For this you have to pay by bitcoin only. 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 >>

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 >>

How To Mine Ethereum

How To Mine Ethereum

Register for the ICOs and Regulation Webinar on March 22nd at 11AM EST Now that you know " How Ethereum Mining Works ", you may want to know how to compete in the race to mine ether yourself. To recap, mining is the glue that holds ethereum's 'decentralized app store' together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the network. Take the online notebook described in " What is Ethereum? ". The network would not come to consensus about the 'state' of the notebook (say, if a note is added or deleted) without the computational power to process the changes. Miners set computers loose to solve cryptographic puzzles in an attempt to win ether, and they need to try a huge number of computational problems until one unlocks a new batch of the asset. One of the interesting things about open blockchains is that, in theory, anyone can set their computers to focus on these cryptographic puzzles as a way to win rewards. The catch is that mining on major public blockchains tends to require more and more power over time, as more people invest inmore powerful hardware. In this day and age, those mining with low-powered setups are unlikely to win, but it's still a viable past-time for hobbyists and enthusiasts alike. Before getting started, you will need special computer hardware to dedicate full-time to mining. There are two types of mining hardware: CPUs and GPUs. GPUs boast a higher hash rate, meaning they can guess puzzle answers more quickly. At time of writing, GPUs are now the only option for ether miners. Settling on a GPU is a complextask and you can browse plenty of advice about which ones are the most profitable based on hash rate performance, power consumption and the initial expense of the card. You probably want to Continue reading >>

How To Get Started With Ethereum? - Ethereum

How To Get Started With Ethereum? - Ethereum

Recently, I have become interested in Ethereum, are there any good books that would help me understand the technical parts of Ethereum, like, How do smart contracts work? What programming language is used, How was the DAO hacked and what's the difference between ETH and ETC? also how is Ethereum better than Bitcoin? I searched in google for "understanding ethereum" and foundout this nice document Thanks. Do you own ether yourself or are you just interested in the technology? What are the most promising Dapps being built for Ethereum? Take a look at DigiX, Maker, Augur, Golem, Colony, EtherDelta, Gsnosis.I'm not an expert however I'm here for a couple of years and trying to keep informed:) I am interested and own some eth, I'm also a miner. Golem, Arcade City, Slock.it, Plutus.it, ICONOMI are some I like. Is mining ETH, the same as mining Bitcoin? No, mining Ethereum uses Ethash algo, that requires a large file containing all possible solutions from a certain epoch in a block, so this file must be in memory, due to this AISC miners will not work, and you will need a GPU with at least 4GB of memory (some say 3GB work too, but I'm not sure). Ethash was developed to descentralize mining, as in example, bitcoin, AISC miners centralized mining mostly at China and made scalability a lot harder (see governance problems with blocksize dilema and aisc miners). Mining in ETH will be switched from Proof-of-work Ethash to Proof-of-Stake Casper, that needs ETH staked instead of mining power to produce blocks. I don't understand why do people downvote it? Another person want to get into ethereum, isn't it great?I've heard about "mastering ethereum" book (analogue of well-known "Mastering Bitcoin"), but it isn't released yet I guess.Have you read the whitepaper? Vitalik's devcoin vide 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 >>

How To Mine Ethereum. Guide For Beginners

How To Mine Ethereum. Guide For Beginners

How to Mine Ethereum. Guide for beginners How to mine ethereum - a guide for beginners. Ethereum mining hardware, ethereum mining software, is mining ethereum worth it, ethereum mining pool How to Mine Ethereum. Guide for beginners For updates and exclusive offers, enter your e-mail below. How to Mine Ethereum. Guide for beginners To put it simply, cryptocurrency mining is a process of solving complex mathematical problems. Miners are essentially the cornerstone of any cryptocurrency network as they spend their time and computing power to solve those math problems, providing a so-called proof of work for the network, which verifies Ether transactions. Besides that, miners are responsible for creating new Ether tokens through this process, as they receive rewards in Ether for successfully completing a proof of work task. As more and more miners join in, the problems automatically become more difficult to solve, which means more time and computational power is required to solve them and the rewards become smaller. However, as Ethers value keeps surging upwards, the rewards received by miners are still quite substantial. Moreover, many people see mining as an ideological incentive, a mean of directly supporting the network. For each block of transactions, miners apply their computational power to solve the mathematical puzzle. To be more specific, the miners take the blocks unique header metadata, which includes a time stamp and a software version, through a hash function, which generates a fixed-length string of case-sensitive random numbers and letters. This string is called hash, and if the miner finds a hash that matches the current target, the block will be considered mined and will be broadcast to the whole network for other nodes to validate and add the transaction Continue reading >>

Ethereum Mining 101: Your Complete Guide

Ethereum Mining 101: Your Complete Guide

The world has gone digital, from the development of smart homes to the development of innovations that promote seamless transactions. Every industry is feeling the impact of technology now more than ever. In every part of the world, the technologically driven goals remain the same: the maximization of profit and the promotion of sustainable development in all spheres of life. It is this yearning to make life as easy as possible that brought about the birth of cryptocurrency . Ethereum seeks to make these aspirations come true. The platform boasts of several applications that help users carry out everyday tasks in a simple fashion. What is Mining, Ethereum Mining and Where Does Ether Come From? Mining is a computationally intensive work that requires a lot of processing power and time. Mining is the act of participating in a given peer distributed cryptocurrency network in consensus. The miner is subsequently rewarded for providing solutions to challenging math problems. It is done by putting the computer's hardware to use with mining applications. All the information on cryptocurrency transactions must be embedded in data blocks. Each block is linked internally to several other blocks. This creates the blockchain . These blocks must be analyzed as fast as possible to ensure a smooth running of transactions on the platform. However, the issuers of such currencies do not have the processing capabilities to handle this alone. It is where miners come in. A miner is an investor that devotes time, computer space and energy to sorting through blocks. When the mining process hits the right harsh, they will submit their solutions to the issuer. After verification, the issuer of the currency offers rewards which are portions of the transactions they helped in verifying. They als 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

How To Mine Ethereum

Mining Ethereum is easy when you know how. We provide a step-by-step guide on how to mine one of the most important cryptocurrencies in circulation. Starting mining Ethereum in no time at all with our quick guide As one of the largest Cryptocurrencies in the world, Ethereum is helping to pave the way for wider adoption of blockchain technology. If youd like to be a part of this and mine Ethereum, then weve put together this guide to help get you started. Ethereum is currently mined using proof of work algorithms, which process data blocks for entry into the blockchain. These algorithms are completed using the resources provided by hardware owned and operated by miners. The hardware, time and power that is used by the computers to carry out this work is compensated with Ether, the currency used by the Ethereum blockchain. The amount of profit youll stand to make from mining Ethereum will vary depending on several factors, including the difficulty of the mining and the current value of the currency. Have a look at our top cryptocurrency picks for 2018. To start youre going to need a mining client. Follow the steps below to get one up and running. We recommend using MinerGate , so find your way to its website and hit the Download & Start Mining button. Windows will double check and ask you if youd like to install it, hit Yes and the setup will launch. Follow the steps through, and youll reach a screen with a couple of options. Make sure you tick Add MinerGate to the system PATH for current user, and also Create MinerFate Desktop Icon. Youll now need to make an account with MinerGate. Its very important that you keep a record of these details, as any rewards you have for mining will be linked to this account. Open up the MinerGate applications through the shortcut on your 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 >>

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 >>

Ethereum Mining Guide - Part 1: The Basics & Set Up

Ethereum Mining Guide - Part 1: The Basics & Set Up

Ethereum Mining Guide - Part 1: The Basics & Set Up Ethereum is the next big thing, and you really need to know about it. This is going to be the hardest thing to explain, so instead of explaining it to you and trying to water it down - because I barely understand it, I'm going to be honest. I'm about 50 hours into this, 10 hours per day for 4 days straight and I'm utterly addicted to Ethereum and everything to do with it. This series of articles are going to be a journal of sorts, so you'll be here right with me - and I want as much community feedback as possible. If I'm referring to something wrong, terminology or hardware or anything at all - please let me know, and I'll edit these articles as we go. This is one of the best explanations on just what the hell Ethereum is, and that it could be the future. Cryptocurrency mining power comes down to the GPU of choice, and how many of them you have. I'm in the first week of my Ethereum mining adventures and I'm using 22 x GPUs across 9 systems, which is horribly inefficient - but it gives me a good base to start from and work up from there. But with more GPU power cranking along at 100% all day every day, we run into two big problems: power and cooling. For systems with 3-4 x GPUs, you're going to need a specific motherboard with enough space between PCIe x16 slots, or dual-GPU graphics cards like the AMD Radeon R9 295X2, which I happen to have two of. Except, the R9 295X2 will use 500W+ each without a problem, so two of them are beyond hardcore on your PC with heat and power consumption. If you're using 2 x GPUs and will only use 2 x GPUs with your Ethereum mining, then an 850W should be fine. It'll give you some good headroom in case you upgrade your graphics card, but not add another one in. If you're using a 3 x GPU r Continue reading >>

Getting Started With Eth - Crypto Mining Blog

Getting Started With Eth - Crypto Mining Blog

All About BTC, LTC, ETH, ZEC mining as well as other alternative crypto currencies Getting Started with Ethereum Using cpp-ethereum Our previous guides regarding mining and using Ethereums Ether (ETH) coins were based on the Go Ethereum implementation ( source ) as we find it easier to be used than the C++ implementation of the Ethereum client ( source ) even though we are actually using ethminer for the actual mining which is a part of cpp-ethereum and not go-ethereum package. The Go Ethereum implementation (geth) only comes with built in support for CPU mining, while the C++ implementation (eth) contains support for OpenCL GPU mining both as a part of the client as well as a separate miner (ethminer) and there is also a fork of ethminer with CUDA support available ( source ). So now it is time to get started with using the cpp-ethereum (eth) client for creatng a local wallet and for mining both solo on a local system or on an Ethereum mining pool using eth and ethminer. Our guide is for using eth and ethminer on Windows with binaries provided only for that OS (version 0.9.40 64-bit), though the usage should be the same or very similar on other operating systems, but you will need to compile or get binaries for the respective OS. We have tried to make the guide easy and simple to follow, so that you can begin using Ethereum and mining Ether in just a couple of minutes. First we need to create a local wallet and this is the first thing you will do when you run the eth client software. But before that a word of warning, if you have a working geth installation you should know that both Ethereum clients will use the same folder for the blockchain data by default, though the contents of the folder will not be compatible. The key files that are needed for you Ethereum walle Continue reading >>

Mining - How To Mine Ether And Use Ethereum On Windows? - Ethereum Stack Exchange

Mining - How To Mine Ether And Use Ethereum On Windows? - Ethereum Stack Exchange

How to Mine Ether and use Ethereum on Windows? Which programs should be installed and what do you need to do to start mining Ether and use Ethereum? The first thing you need to do is go to this link download Geth . (The latest version is always available as Geth-Win64-latest.zip) 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. You need to unzip the GETH file and move it to a location on your hard drive. (Right click on the zipped file and select unpack.) 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. 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. Command Prompt is now open. (It can look terrifying to people who aren't familiar with it!) showing in it - where Username is your username - so if you log into your computer with the username cryptocompare, then the command prompt box will open with: You need to tell the computer to look in another place. Into the newly opened command prompt, type: You have just used the cd command or "change directory" command to make command prompt look at the C:/ drive. You need to tell your Geth program to create a new account. As you have installed it in your user directory in Step 2, it is just a simple case of typing in: After hitting the enter button in Continue reading >>

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