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How Are Ethereum Mined

How To Mine Ethereum On Your Pc

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 >>

Ethereum Mining - Mining Guides On Nicehash

Ethereum Mining - Mining Guides On Nicehash

Home > Help > Help for sellers > Mining guides > Ethereum mining The algorithm for mining Ethereum is DaggerHashimoto. You can download the DaggerHashimoto (Ethereum) mining software here: Connection settings for ethminer using AMD GPUs ethminer -SP 2 -G -S daggerhashimoto.LOCATION.nicehash.com:3353 -O YOUR-BITCOIN-ADDRESS.WORKER-NAME:x Connection settings for ethminer using NVIDIA GPUs ethminer -SP 2 -U -S daggerhashimoto.LOCATION.nicehash.com:3353 -O YOUR_BTC_ADDRESS_HERE.WORKER-NAME:x Where LOCATION is "eu", "usa", "hk", "jp", "in", or "br" (see also this ), YOUR-BITCOIN-ADDRESS is your Bitcoin address, used for mining, WORKER-NAME is optional to name your rig. Example: Mining with 2x AMD 280X GPUs on EU location ethminer -SP 2 -G -S daggerhashimoto.eu.nicehash.com:3353 -O 1DQ4bZpFTDiSNk2CWLEFWK9K96rBFP2Hv.amdrig Example: Mining with 1x NVIDIA GTX 970 GPU on USA location ethminer -SP 2 -U -S daggerhashimoto.usa.nicehash.com:3353 -O 1DQ4bZpFTDiSNk2CWLEFWK9K96rBFP2Hv.gtx970 Ensure that you have installed AMD drivers for AMD GPUs or NVIDIA drivers and CUDA for NVIDIA GPUs, and then issue the following commands. sudo apt-get -y install software-properties-common sudo add-apt-repository -y ppa:ethereum/ethereum sudo apt-get install git cmake libcryptopp-dev libleveldb-dev libjsoncpp-dev libjson-rpc-cpp-dev libboost-all-dev libgmp-dev libreadline-dev libcurl4-gnutls-dev ocl-icd-libopencl1 opencl-headers mesa-common-dev libmicrohttpd-dev build-essential -y # for Ubuntu 16 also install package "libjsonrpccpp-dev" git clone -b 110 Continue reading >>

Home - Ethermine.org - The Fastest Way To Mine Ether

Home - Ethermine.org - The Fastest Way To Mine Ether

Then start your miners by putting the following commands into a bat file setx GPU_FORCE_64BIT_PTR 0setx GPU_MAX_HEAP_SIZE 100setx GPU_USE_SYNC_OBJECTS 1setx GPU_MAX_ALLOC_PERCENT 100setx GPU_SINGLE_ALLOC_PERCENT 100ethminer.exe --farm-recheck 200 -G -S eu1.ethermine.org:4444 -FS us1.ethermine.org:4444 -O . This will use the eu1 server as main server and the us1 server as backup server Choose from the following stratum servers: North America (East): us1.ethermine.org:4444 or us1.ethermine.org:14444North America (West): us2.ethermine.org:4444 or us2.ethermine.org:14444Europe (France): eu1.ethermine.org:4444 or eu1.ethermine.org:14444Asia: asia1.ethermine.org:4444 or asia1.ethermine.org:14444 Download, configure and run Claymores Miner Then start your miners by putting the following commands into a bat file setx GPU_FORCE_64BIT_PTR 0setx GPU_MAX_HEAP_SIZE 100setx GPU_USE_SYNC_OBJECTS 1setx GPU_MAX_ALLOC_PERCENT 100setx GPU_SINGLE_ALLOC_PERCENT 100EthDcrMiner64.exe -epool eu1.ethermine.org:4444 -ewal . -epsw x Choose from the following stratum servers: North America (East): us1.ethermine.org:4444 or us1.ethermine.org:14444North America (West): us2.ethermine.org:4444 or us2.ethermine.org:14444Europe (France): eu1.ethermine.org:4444 or eu1.ethermine.org:14444Asia: asia1.ethermine.org:4444 or asia1.ethermine.org:14444 Stratum mode using Stratum Proxy v0.0.5 by dwarfpool Continue reading >>

Ethereum Mining - Why You Should Invest | Genesis Mining

Ethereum Mining - Why You Should Invest | Genesis Mining

Enigma - The worlds largest Ethereum Mine Ethereum Mining is a computationally in-depth work that requires a lot of time and processing power. A miner gets rewarded for providing solutions to challenging math problems via blockchain technology, just like bitcoin mining . Ethereum is the first world computer. It is a decentralized network that can be used by anyone and is capable of running applications with no possibility of downtime, censorship or fraud. Like all crypto currencies, the future of Ethereum remains uncertain, but the tone of the conversation surrounding Ethereum is different than almost any other crypto currency. Discussing the excitement, Genesis Minings CEO Marco Streng stated, We believe it is headed to the moon and we are building a rocket ship to make sure our customers do not miss out. Ethereum is one of the fastest growing cryptocurrencies next to Bitcoin, the native digital currency which has been taking the world by storm. Just a year and half ago, the price of Ethereum was $1, now it is well over $300 with an all-time high of over $400. The rapid growth of Ethereum mining excited investors who were eager not to miss out on another hyper-growth investment opportunity. The price of mining ethereum is $29 per MH/s, reduced from the past rate of $44 per MH/s. Discussing this price change, Genesis Mininig co-founder and CEO Marco Streng stated, Every day, we are working to reduce operational costs to mine on behalf of our 200,000 customers and every time we have the opportunity to provide greater ROI potential and value to our customers, we are honored. Our Ethereum cloud mining farm, Enigma, is the largest Ethereum cryptocurrency mining farm in the world. We have continued to expand our Ethereum mining rigs and hardware to keep up with the growing Continue reading >>

How To Mine Ethereum

How To Mine Ethereum

Mining is very popular right now. With the hype surrounding Bitcoin it really is no wonder. Mining BitCoin requires a hefty investment in a very specialized type of machine. Its called an ASIC miner. ASIC is an acronym for Application Specific Integrated Circuit. Put simply, these devices were custom made to do one thing: mine Bitcoins. These machine have far more power than GPU based mining machines. In fact, ASIC miners have completely replaced GPU mining for several cryptocurrencies. Ethereum on the other hand is built to be somewhat ASIC proof in that it needs large amounts of RAM to be mined; something that would greatly increase the cost of an ASIC. This means that Ethereum can be mined only with GPUs (at least until it switches to Proof of Stake). So we will cover how to mine Ethereum (the right way) in this blog post! Mining Ethereum can be fun and easy, and it should be! If youre confused about which hardware to buy, check out my Mining Rig Tour , and my article on the Best Ethereum Mining GPU . In this article were going to focus on the software and logistical side of mining, rather than the hardware. The first thing you need to do is get an Ethereum Wallet. You can get the free wallet from the Ethereum Project, or setup an online wallet at a site such as Coinbase . There are some inherent risks to both of those, but youll probably need a Coinbase account at some point to sell your Ethereum. PC based wallets are software wallets that run on your local PC. If you want to mine Ethereum youll want to have a PC based wallet to send your coins/ether to. There are some risks to a PC based wallet you need to be aware of though: If your PC is compromised, a hacker can send your coins to his wallet. You will be unable to get them back. If your PC crashes and you cant Continue reading >>

Build An Ethereum Mining Rig

Build An Ethereum Mining Rig

Radeon R9 290x 28 MH/s using 280 watts As I mentioned above, you can choose to build your mining rig with a nice custom built case or you can save money and use a plastic storage crate or milk crate . Both work equally as well except one wont look nearly as good. But if you want something cool and professional looking, you can buy mining cases such as this one . The standard power supply in a desktop computer can be anywhere from 300W-500W. But when your mining and you are powering up to 6/7 GPUs, you want to make sure you have enough power. 1200W+ is what youre looking for and you want to make sure that it is Gold or better certified for efficiency. Also, modular power supplies allow you toconfigure your cables individually which helps greatly when building out your rig. Single 4GB DDR3 1600Mhz RAM is all you need. Nothing more. In order to mount the GPUs within the crate or case, youll need riser PCI cables to extend the PCI-e connection from the motherboard. Get as many PCI Express 1X to 16X Powered RiserCables as you can to match up with the number of GPUs you have. There are many different variants, like this one or this or this . Get a basic 60GB SSD or 120GB SSD drive for installing the OS and running your mining software. Youll need a basic Monitor and Mouse/ Keyboard combo to configure all the software and mining settings. Also, dont forget about a Kill A Watt usage monitor. Youll need at least one box fan per rig to make sure the GPUs do not overheat. If youre into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If youre a windows guy, here is Windows 10 . If youre going to be using Windows, youll need mining software. Take a look at this Ethereum Mining on a Windows PC guide. Build an Ethereum Mining RigSte 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 >>

Ethereum Mining Profitablity Calculator

Ethereum Mining Profitablity Calculator

SwissBorg - Crypto Wealth Management on the Blockchain 10mln$ already raised. Become a Whale on 1 Swiss ICO ! This mining calculator will display your expected earnings in both Ether and Dollars. The calculations are based on the assumption that all conditions (difficulty and prices) remain as they are below. Continue reading >>

I'm Making $0.98 Per Day By Mining Ethereum And Siacoin, And I Want More!

I'm Making $0.98 Per Day By Mining Ethereum And Siacoin, And I Want More!

I'm Making $0.98 Per Day By Mining Ethereum and Siacoin, and I want MORE! Share on Facebook Share Share on Twitter Tweet Share Share The fans are spinning and graphics cards are heating, it has been 24 hours since I started mining Ethereumand Siacoin. And in these 24 hours, I've made $0.96. Ok, in fact, there is just one fan spinning and just one RadeonRX 560 card, which I bought a couple of days ago in Tbilisi , and decided to test the mining process at one of our spare officecomputers, before details for my 12 GPUmining rig arrives. I feel glad I was so impatient and rushed to perform a test, as while doing test setup I discovered a few bottlenecks and faced some issue, also I accidentallydamaged one HDD while installing Graphicscard on the motherboard. My total investment for this experiment was about $187 for purchasing the graphics card, I didn't have to pay for other items, as I already had a free system to install this card on. I believe it could take up to 190 days or little more than 6 months to get my initial investmentback. The graphics card used for this setup is a cheap RadeonRX 560 4GBcard, producing about 10.67MH/s for Ethereumand 85.74MH/s for Siacoindual - mining. Ihaven't performed any optimization yet, the numbers are straight out of the box, but I believe there is a room for about 10% improvementby overclocking BIOS. For mining, I decided to use Simple Mining OS , run from a USB stick. SimpleMining comes with a cost - $2/mo per mining rig. Which is fair IMHO. In coming days I will make an article on how tomine ether on Simple Mining OS. Now, as for 2017, I've been actively investing in stocks, peer to peer lending and of course in cryptocurrencies, mining ether seems second most profitable investment option after buying coins directly from exchanges Continue reading >>

Unicef Recruits Gamers To Mine Ethereum In Aid Of Syrian Children

Unicef Recruits Gamers To Mine Ethereum In Aid Of Syrian Children

Unicef recruits gamers to mine Ethereum in aid of Syrian children Cryptocurrency scheme is part of wider UN effort to revolutionise aid with blockchain technology, increasing financial transparency Last modified on Tue 6 Feb 2018 03.29EST Representation of the Ethereum virtual currency. The World Food Programme has used Ethereum to deliver $1.4m in food vouchers to Syrian refugees in Jordan.Photograph: Dado Ruvic/Reuters The UNs childrens agency, Unicef, has launched a futuristic pilot project to utilise the cryptocurrency Ethereum to raise money for Syrian children. The scheme is part of wider efforts by Unicef and other UN agencies to find uses for the blockchain technology associated with the cryptocurrency the worlds second largest after the controversial Bitcoin to revolutionise not only how aid organisations raise money but also to increase transparency in their financial transactions. Blockchain which emerged as one of the underpinnings of Bitcoin is a shared record of transactions maintained by a network of computers. It has become a key technology because of its ability to record and keep track of assets or transactions with no need for middlemen. Although cryptocurrencies have accrued an often dubious reputation, the recent moves suggest their growing potential in the complex world of humanitarianism, with its huge budgets and requirement to raise and move cash quickly. Unicefs Game Chaingers scheme recruits gamers to use the processing power of their computers to mine the currency for Syrian children. It is still in its infancy, raising little more than 900 (795) so far, but it follows increasingly high-profile efforts by the UN to find uses for the technology. These include everything from helping to reduce the 30% of UN aid budgets lost to corruption to bu Continue reading >>

The Real Cost Of Mining Ethereum

The Real Cost Of Mining Ethereum

Image Credit: Vitaliy Karimov/Shutterstock Just how profitable is it to mine Ethereum? To properly answer this question, lets start at the beginning: Lets construct a hypothetical mining rig, plug in some reasonable numbers, and come up with a pragmatic analysis of how much you can earn through Ethereum mining. Lets also hold the price of Ethereum static. By removing any profitability from the appreciation of Ethereum from the equation, well be able to correlate the actual rates of return exclusively with hardware, electricity, and any other costs associated with running a mining rig. Our assumption set uses numbers from January of 2018 that you can see below (we have done our best to use reasonable and middle-ground numbers): As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now. We are assuming four GPUs that mine 40 MH/s each. The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1,000 Watts of electricity. The cost of this rig would be approximately $3,000. A reasonable cost of power is approximately 10 cents per kwh. This is below the national average for retail power rates in the U.S. To run a mining rig you will likely pay at least 10 cents per 1,000 watts run for each hour. This means one full day of mining comes with an electricity cost of $2.40. We will also use the block reward and block difficulty from January of 2018 as our base point. And we assume mining with a single rig is only reasonable when working with a mining pool. Some mining pools take up to 10 percent of your earnings, but some of the best only take 1 percent. For that reason, weve pick a modest 1.5 percent. Taking several points across Etherescans historical char Continue reading >>

Ethereum Price: How To Mine Ethereum And How Does Ether Work?

Ethereum Price: How To Mine Ethereum And How Does Ether Work?

Ethereum price: How to mine Ethereum and how does Ether work? Ethereum price: How to mine Ethereum and how does Ether work? ETHEREUM has taken the cryptocurrency market by storm over the past 12 months, rising exponentially to become the second biggest crypto on the planet. But how can you mine Ethereum and how does it work? Ethereums price has stalled on the market over the past few weeks plunging more than 50 percent from an all time high of $1,433 on January 13 to about $700 today (February 5). Below is a beginners guide to Ethereum mining, but be aware the process requires more computing power than when the cryptocurrency was first released. Ethereum is an open software platform that, like bitcoin , is based on blockchain technology, enabling users to build decentralised applications. Launched by Vitalik Buterin in 2015, Ethereum aims to allow users to make anonymous digital payments across international borders without the need of a traditional bank or third party. Ethereums cryptocurrency Ether (ETH) can be mined by setting a computer to solve cryptographic puzzles. Whenever your computer cracks the code, you will be rewarded with five Ether coins. LiteCoin is going down with the market dip Once you have a wallet, you are ready to download the software necessary to mine Ethereum. Be extremely careful at this stage of the process as there is a lot of malware online designed to steal your cryptos. A full guide to GPU mining can be found on Ethereum.org. Ethereum mining requires a special GPU dedicated to the process, though you might want to consider the more expensive option of a mining rig, made up of multiple GPUs. In the early days of Ethereum, miners could get away with less powerful machines but, as more ether tokens were found, heavier-duty tech was required Continue reading >>

Were Mining Ethereum Again This Is How Much We Are Making

Were Mining Ethereum Again This Is How Much We Are Making

Were mining Ethereum again This is how much we are making Toward the end of 2017, we switched the software on our GPU mining rig from Claymore mining Ethereum to NiceHash. Our returns with Ethereum had been dropping rapidly , and the amount of time it took to mine 1 ETH had grown from just over 200 hours to 800 hours in three months. With the price of Bitcoin rising as our Ethereum returns dropped, we switched to NiceHash which let us mine altcoins which were then exchanged for Bitcoin. All was grand from there, until the massive NiceHash hack in December 2017. NiceHash was taken offline while the hack was investigated and our 6x RX580 rig was left idle. This proved fortuitous, however, as the start of our Ethereum mining coincided with a sharp rise in the cryptocurrencys price. When we started mining Ethereum in June 2017, it was worth around $360 and we made 1 ETH in under 10 days. This slowed to 1 ETH every 33 days around the middle of September 2017 when Ethereum had dropped to $260. With the returns dropping both in terms of Ethereum and US dollars and therefore rand we switched to NiceHash to bring in Bitcoin. After the NiceHash hack in December where we lost around $50 worth of Bitcoin at the time, as it was in the NiceHash wallet we downloaded the latest version of Claymore. The plan was to mine Ethereum in the interim while NiceHash was secured and brought back online. NiceHash has since come back online, but our rig is still humming to the sound of Ethereum mining thanks to its rise in price. Our Ethereum returns are still low, and we currently average a bit under 0.5 ETH per month with the rig performing at 120Mh/s. However, as Ethereum is sitting above the $1,200 mark (at the time of writing), our US dollar returns and by extension, our rand returns are muc Continue reading >>

Ethereum Mining - Important Steps In Mining Ethereum

Ethereum Mining - Important Steps In Mining Ethereum

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Ethereum (ether) Mining

Ethereum (ether) Mining

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

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