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How Are Ethereum Mined

How To Mine Ethereum And Use Pool? - Ethereumpool.co: Ethereum Mining Pool

How To Mine Ethereum And Use Pool? - Ethereumpool.co: Ethereum Mining Pool

That's it, you have installed c++ version of ethereum and ethminer included You dont neet to set up account on local, you can mine directly to exchange ethminer -G -F ethminer -G -F IN MHASH]@[ADDRESS]@[OPTIONAL RIG NAME] -G means mining on GPU, if you want try cpu, just do NOT put G Minimal hashrate = 0.01 MHash Please set valid hashrate in mining url, if you set higher, you may not earn anything, if you set too low, pool will adjust diff to avoid share flood(but you may get more stale shares, so keep values real) If you have multiple rigs connected here with the same declared hashrate, for example you have 2rigs x 60mhash, dont put [email protected] please use [email protected] and [email protected] since this parm is not only hashrate but also unique id for each mining address! You should get valid share average one per 2-3mins How does pool calculate revenue for each miner? PPLNS/Time Prop - If time between last mined and previous mined block is longer than 8 minutes then pool will split proportionally between all miners which submitted valid shares depending on their diff. But if time between mined blocks is smaller than 8 minutes, then we will take previous shares from last 8 minutes and split according to diff and number of shares submitted When your balance exceed 0.1 ether. Withdraws are processed once a day. Yes, we are verifying every miner step, we have implemented complex proof of work validation Run ethminer -G -M and result of test divide by 1000000 Contact us if you exprience any bug, or have any doubts or just cant set up your miner. Click support in right top corner! What if i want to mine directly to my local account ? We recommend to you install geth since it's more clear Continue reading >>

Ethereum Reaches Record High Of $414, Mining Is Now Easier

Ethereum Reaches Record High Of $414, Mining Is Now Easier

Ethereum reaches record high of $414, mining is now easier Ethereum hits record high price of $414, continuing its 5000% and growing rise since earlier this year Ethereum has had an explosive year that has culminated in the cryptocurrency reaching a record new high of $424, increasing in price by over 12% in just 24 hours. ETH is continuing its upward trend as the second largest cryptocurrency by market capitalization, and has bounced back since its record high $414 price in mid-June. Back in June is when we saw Ethereum mining explode, resulting in me setting up and continuously upgrading a 60-graphics-card strong Ethereum mine . I have culled the mine a bit, and I'm down to 40-something cards. Ethereum is currently processing more transactions per day than all of the other cryptocurrencies combined, with Ethereum mining difficulty on pause for the next year. It actually dropped significantly on October 16, relieving pressure from miners that would've other wise given up. BCH (Bitcoin Cash) is also able to be mined on consumer GPUs, as it doesn't need ASIC-specific hardware like its big brother Bitcoin (BTC). 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 >>

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 >>

When Will Ethereum Mining End?

When Will Ethereum Mining End?

In August of this year (2017), Vitalik Buterin, creator of Ethereum , released the implementation guide for the first version of Casper. As a hybrid proof-of-stake (PoS)/proof-of-work (PoW) algorithm, Casper v1 is going to decrease (and eventually end) the profitability for Ethereum miners . The release date is estimated to be sometime in 2018 as part of the Constantinople hard fork and theres a lot to learn before this happens: Casper is a PoS algorithm thats projected to be released on the Ethereum network sometime in 2018. Beginning as a hybrid with the current PoW algorithm, the first version of Casper will only use a PoS consensus to validate every 100th block, called checkpoints. Once a checkpoint is validated, theres no way to go back and use a chain without it. Even if 99% of miners support a chain that doesnt include a checkpoint block, all clients in the network will still continue to use the one with the checkpoints. This removes a lot of the power that miners currently have. The Ethereum community hypothesizes that the switch to PoS will help with the scaling issues that the network is currently facing. The algorithm should enable new blocks to be created more quickly while allowing the network to scale more efficiently through sharding. Sharding is a horizontal partitioning of a large database into smaller and more easily managed parts. Beyond that, PoS algorithms also use less energy to run the network, reduce centralization, and make 51% attacks more difficult. With the upcoming hard fork, there could potentially be three forks of Ethereum: And, if youre a miner, you may be thinking, No big deal, Ill just continue to mine and give support to the Ethereum PoW fork. The Ethereum developers have stated that theyll be releasing what they call the difficulty Continue reading >>

How Does Ethereum Mining Work?

How Does Ethereum Mining Work?

Largely the same way Bitcoin mining works today. When a new block is created, every mining node works to solve the next block. This is accomplished by hashing the previous block header and adding a random bit of data until the hash result (which can be interpreted as a number) is less than a target defined by the network. The process of hashing is such that the results are random and impossible to predict, so the only way to solve this problem is through brute force. Once this hash is below the value of the target, the block is sent out to the network, with all the transactions that have been collected, including a transaction to pay the miner the block reward and transaction fees. Then the process starts again. This process is how Ethereum currently works, but soon, the network will be moving to Proof of Stake, which does not have block rewards. You can read more about that here . Ethereum is mined largely in the same way mining of Bitcoins is done. During mining process, when a new block is created, every mining node works independently to solve the next block in the same way. This process of block to block management system is known as Blockchain Management Technology. One can easily mine ethereum with Hashgains using three simple mining steps. These include: Select your best power plan and make the payment accordingly. Collect your newly mined coins through wallet. In addition to Mining Bitcoins , you can mine multiple cryptocurrencies and use their power performance easily. This also increases the hashing power of mining Bitcoins and various other cryptocurrencies in an easy and effective way. This is accomplished by hashing the previous block header and adding a random bit of data until the hash result is less than a target defined by the network is achieved. Eth Continue reading >>

Introduction | Ethereum Frontier Guide

Introduction | Ethereum Frontier Guide

The word mining originates in the context of the gold analogy for crypto currencies. Gold or precious metals are scarce, so are digital tokens, and the only way to increase the total volume is through mining it. This is appropriate to the extent that in Ethereum too, the only mode of issuance post launch is via the mining. Unlike these examples however, mining is also the way to secure the network by creating, verifying, publishing and propagating blocks in the blockchain. Mining Ether = Securing the network = verify computation Ethereum Frontier like all blockchain technologies uses an incentive-driven model of security. Consensus is based on choosing the block with the highest total difficulty. Miners produce blocks which the others check for validity. Among other well-formedness criteria, a block is only valid if it contains proof of work (PoW) of a given difficulty. Note that in Ethereum 1.1, this is likely gonna be replaced by a proof of stake model. [The proof of work algorithm used is called Ethash (a modified version of Dagger-Hashimoto involves finding a nonce input to the algorithm so that the result is below a certain threshold depending on the difficulty. The point in PoW algorithms is that there is no better strategy to find such a nonce than enumerating the possibilities while verification of a solution is trivial and cheap. If outputs have a uniform distribution, then we can guarantee that on average the time needed to find a nonce depends on the difficulty threshold, making it possible to control the time of finding a new block just by manipulating difficulty. The difficulty dynamically adjusts so that on average one block is produced by the entire network every 12 seconds (ie., 12 s block time). This heartbeat basically punctuates the synchronisation o Continue reading >>

What Is Ethereum? What Is Ethereum Mining & How Does It Work?

What Is Ethereum? What Is Ethereum Mining & How Does It Work?

What is Ethereum? What is Ethereum Mining? Jordan Tuwiner Last updated July 13, 2017 Ethereum is more than a cryptocurrency. Its an open source shared world computing platform. A world computer that allows for the decentralized verification of transactions for any Turing-viable implementation. Thanks to Ethereum, Blockchain technologies are now easy to employ without having to reinvent the wheel. It is clear that Ethereum grew out of desire to apply Bitcoin/Blockchain concepts to realms outside of money. As a result, it provides open source platform to developers who seek to write decentralized applications. This appeals to developers who seek an easy introduction to Blockchain projects A series of innovative features definite Ethereum. As a result of its extended capabilities, Ethereum comes with two types of accounts . EOA, or Externally Owned Accounts, provide bitcoin-like capabilities such as providing a balance that is secured by private keys. Contract Accounts provide the Turing Complete room for application development that makes the protocol so desirable. These accounts are used as holding objects to constitute Smart-contracts which provide Ethereums capability for accommodating decentralized autonomous organizations; a way of structuring organizations without a vulnerable center. Most importantly, Ethereum capitalizes on the realization that consensus allows for currency and currency allows for consensus by providing economic incentive. As such, verifications are paid for on a pay-per-use basis, a system that replaces mining as we know it from Bitcoin. Ethereum right now uses PoW mining to secure its chain. Vitalik Buterin, the creator of Ethereum, stressed that his idea was fueled by the desire to [Avoid] the swiss-army knife protocol . That is to say that us 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 >>

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 >>

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 Do You Mine Ethereum?

How Do You Mine Ethereum?

By Nathan Reiff | February 9, 2018 3:18 PM EST Ethereum, like most cryptocurrencies, relies on the work of miners. While it's easy to assume that miners work to generate ether tokens (ETH) so that these tokens do not need to be created by a central issuer, there is more to the process of mining than this. ETH is generated through the mining process at a fixed rate of 5 ETH per block. Mining is also essential for a variety of other reasons: it helps to provide a log of the total pool of ETH which is available through the ethereum blockchain, thereby preventing fraudulent activity. It can also be a profitable venture for an individual. Before one can begin the process of mining ETH, though, it's essential to know a bit about how ethereum mining works. (See also: What Is Ether? Is It the Same as Ethereum? ) The process of mining for ethereum is very similar to that of bitcoin mining. Miners utilize powerful computers to make educated guesses about complex mathematical problems. This system is known as " proof of work ," because it requires that miners go through the puzzle-solving process in order to receive their ETH reward. Mining is accomplished by running unique metadata like timestamp and software versions for a block of transactions through a hash function repeatedly. Each repetition alters the " nonce value," which has an impact on the resulting hash value (a scrambled string of letters and numbers with a fixed length and a random appearance). If the hash value matches up with the current target for the block, the miner is rewarded with ETH, and the block is transmitted across the network so that each node in the network can validate the process and update the blockchain ledger. Other miners who had previously worked on solving the puzzle will move on to the next b Continue reading >>

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 >>

Ethereum Mining | Best Ethereum Cloud Mining Pool | Start Mining Ethereum

Ethereum Mining | Best Ethereum Cloud Mining Pool | Start Mining Ethereum

Ethash is a hashing algorithm that is used in mining the Ethereum one of the promising cryptocurrencies of the world. Ethash is GPU memory intensive. In Ethereum cloud mining, the Ether and cloud mining price are the two important factors that need to be considered. In addition, individuals should also compare the hardware rent and in-return coins or they can easily estimate the profit through mining calculator. Why Choose Hashgains for Ethereum Mining? Hashgains is one of the leading cryptocurrency mining service providers across the world. With an access to the leading latest technologies and big industrial data centers, Hashgains provides excellent mining services at an affordable price. Hashgains mining platform simplifies the Ethereum Mining process and provides the newly mined coins in the easiest way. Our list of services include Continue reading >>

Ethereum - Wikipedia

Ethereum - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [3] "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. [2] [4] Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. [5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. [6] This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). [7] [8] [9] Ethereum was initially described in a white paper by Vitalik Buterin , [10] a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>

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