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
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 Connect To An Ethereum Mining Pool?
How to connect to an Ethereum mining pool? Ethereum mining is best done by joining a mining pool so that there is a steady stream of Ether's into your wallet and in this guide we will show you a step by step process to do just this. In our "How to Mine Ethereum on a Windows PC" we showed you how to install all the software to get your computer mining with its graphics card and failing that, with its CPU. However this isn't the whole process, as when you mine on your own the chance of finding a block is incredibly small considering the total amount of hashing power in the network - so the best option is to join a mining pool to smooth the volatility of returns - you can read about the benefits of joining a bitcoin or ethereum mining pool here . Step 1: If you have gone through our guide here on how to set up your computer to mine ethereum you are most of the way there - in fact all you need is an address which you can get from the EthDev wallet - which is basically a nice interface to doing exactly the same process. The reason you need a wallet or address is to tell the pool where to pay your money! You don't need to sync the blockchain - the mining pool provider will do this for you! Step 2: Once you have an address you need to start ethminer - and if you haven't installed this you can do so by following the section. 2.1Now you need to download Ethminer which makes your GPU or CPU run the hashing algorithm that is integral to securing the Ethereum network through proof of work. You can download this here and be sure to scroll down to the bottom of the page to get the right version - the latest and most up to date one is right at the end. 2.2 Click on the download and click install. Your firewall can cause issues but just click allow if it does so - the same is true of Continue reading >>
Ethereum Pool Mining - Here You Will Find Everything You Need To Know!
Teamwork is essential. If a lot of miners connect to a pool, a high number of computing power is brought together. If a block is found then, each miner receives a piece of the Ether. Your share depends on the amount of computing power, you bring into the pool. Ether Mining in a pool, brings several advantages. You can also be a part of Ether Mining with little computing power and still receive some Ether or Finney (1 Ether = 1000 Finney). This would not be possible with Ether Solo Mining. Ether Pool Mining also eliminates the risk of coming away empty-handed. You do not have to download the Blockchain for Pool Mining. This way, you can save memory space and a lot of time of course. The disadvantages of Ether Pool Mining are rather small. There is a Pool fee which is 1% in most cases. Many Ether Mining Pools are not very transparent. So it is unclear, who is behind a Pool and what happens behind the scenes. We have tested several Ether Mining Pools. In the course of this, we have found that Dwarfpool is the most profitable one. However, there are also numerous other very good Ether Pools. You can find a list of the best Ether Mining Pools here: Ether Mining Statistics . In the following, we will show you what is necessary for a successful start of Ether Pool Mining with Windows in Dwarfpool. etherminer: You can find the current version here: Download ethminer (= cpp-Ethereum) Create a new folder on data carrier (C:) and name it Ethermining (if you have not done it yet for our Ether Solo Mining Instruction). Download both programmes and install Ethminer. Choose the new folder Ethermining as a memory location. After successful installation, you can find the file Ethereum in the file Ethermining. You only have to unpack the Stratum Proxy after the Download. Drag and Drop t Continue reading >>
Ethereum Mining Pool Software - Crypto Mining Blog
All About BTC, LTC, ETH mining as well as other alternative crypto currencies New Open Source Ethereum Mining Pool Available If you want to run your own private or public mining pool for Ethereum (ETH) you might be interested in the release of the new open Open Source Ethereum Mining Pool by sammy007 ( source ). The pool software is functional, however an optimized release of the pool is expected to be released soon as it is being further developed to provide an easy to use pool for Ethereum miners. It already supports getwork and stratum mining, relies on the geth Go Client for Ethereum as a backend and provides good stats for miners to track their mining progress. Do note that as with other pool software although it may not be that hard to setup things, but some experience in managing and maintaining a server and a pool can be quite helpful. First Open Source Ethereum Mining Pool Released Etherchain have released an open source implementation of pooled mining for Ethereum. Do note however that this software is not a complete mining pool as it only takes care of work distribution and share validation; valid shares are stored into a local database (LevelDB). Reward calculation and payments are not yet implemented, but it should be possible to integrate this software some of the existing open source mining pools. The current implementation is in Go and it might not be the most effective one, apparently the pool is able to process ~600 workers at 30% CPU utilization (1 core) and 70MB RAM usage. The pool has been tested successfully with both the go Ethereum client (geth) and the cpp Ethereum client (eth) as a backend. And while it may not be a complete implementation with full functionality and web-based interface it is still a good starting point for anyone interested i Continue reading >>
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
[guide] Setup Your Own Ethereum Mining Pool.
[GUIDE] Setup your own Ethereum mining pool. I have created a guide on how to create your own Ethereum mining pool for a single crypto-currency (not a multipool). I tried to make it as novice friendly as possible and explain every step. All you really need is a very, very basic knowledge of Linux and some patience. I feel like it's important for crypto that more people are capable of running a mining pool, or at least have the knowledge of it. All the software used in the guide is free/open source. I will try and create more guides as time goes on. I will also support the guides I currently have, so feel free to ask any questions pertaining to the guide. Anybody else that is knowledgeable with mining pool software, or linux feel free to help other users. I will check this thread occasionally and try to answer some questions. 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Man im trying to follow your guide, after i have installed geth using sudo apt-get install software-properties-common After that i just use putty to connect to my vps geth --fast --cache=512 console --rpcaddr 127.0.0.1 --rpcport 8983 --rpc --unlock COINBASEADDRESS Then i try to run the pool module (ALL IN ONE AT FIRST) and this is a log of what I get [email protected]:~/open-ethereum-pool# ./build/bin/open-ethereum-pool config.json 2017/06/15 05:37:58 Loading config: /root/open-ethereum-pool/config.json 2017/06/15 05:37:58 Running with 1 threads 2017/06/15 05:37:58 Backend check reply: PONG 2017/06/15 05:37:58 Set payouts interval to 2h0m0s 2017/06/15 05:37:58 No payees that have reached payout threshold 2017/06/15 05:37:58 Policy state refresh complete 2017/06/15 05:3 Continue reading >>
Awesome Miner uses Claymore's Dual Ethereum+Decred AMD GPU Miner to perform the actual mining operation for Ethereum and Decred. Please note that Claymore's miner has a built in mining fee, and that this fee is not related to Awesome Miner. Two alternatives: Manage new miners or Monitor existing miners Alternative #1: Awesome Miner can setup new managed mining instances of Claymore's Dual Ethereum+Decred Miner where the mining software is automatically installed, managed and started from Awesome Miner. From the Awesome Miner interface, this can also be performed on remote computers where Awesome Miner Remote Agent is installed. The Managed Miner feature is only available for miners running Windows. Alternative #2: Awesome Miner can connect to any computer running Claymore's Dual Ethereum+Decred Miner if the API is enabled. It can be any computer, Windows or Linux, as long as the mining is running already. Step 2: Click "Next" to continue with the wizard Step 3: Select "Managed Miner" and click "Next" Step 4: Optionally modify the description. The setting Miner host should be "Local" to run the mining on the local computer. To run on another computer, click the "New" button and specify the host where Awesome Miner Remote Agent is installed Step 5: Select "Ethereum" as algorithm and "Claymore's Dual Ethereum+Decred AMD GPU Miner" as software. Click "Next" to continue. Step 6: Create a new pool and enter all information the pool requires. For Ethereum, the wallet address should typically be provided as well. Click "Next" to continue. Step 7: Click "Finish" on the final page to apply the changes Step 2: Click "Next" to continue with the wizard Step 3: Select "External Miner" and click "Next" Step 4: Enter the IP or hostname of the miner in the Remote host field. Select "Et Continue reading >>
Beginner's Guide To Ethereum Mining In 2017 - How To Mine Ethereum On Your Pc?
Last updated on August 15th, 2017 at 11:06 pm Getting Started with Ethereum Mining the video guide The good news is that getting started with Ethereum Mining is now easier than ever. You do not need to download the full Ethereum blockchain, which is now over 20+ GBs and still growing! You also do not need to manage clunky command line miners with manual instructions. For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner. Get the current version here from Claymores original Bitcointalk thread and then follow along with the steps in this video. The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes: If youre new to mining Ethereum , this guide covers all the important facts in a simple, low-jargon way. Lets start with some short answers to common questions about Ethereum mining: Q: Whyshould Imine Ethereum tokens (aka ether or ETH)? doesnt mining Ether take up a lot of electricity? A: If done properly, more money is earned by selling mined ETH than is spent on electricity. In other words, its profitable! You can check out the profitability with our Ethereum mining calculator . Q: Can I mine with my CPU (Personal computersprocessor) instead ofan expensive graphics card (GPU)? A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes. Q: Whats the best GPU to use for getting the most ETH for the least electricity? A: AMD cards tend to edge out similarly-priced NVidia cards in terms of efficiency. We cover the best cards to get under the heading GPU Hardware further down in this post. Q: Continue reading >>
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 >>
Nanopool | Ethereum | Help
YOUR_ETH/ETC_ADDRESS - your valid eth address YOUR_WORKER - simple short worker name (like worker01). Optional. YOUR_EMAIL - your email address for notifications. Optional. Don`t forget to set wallet, worker and email address to correct values. You must use failovers. If you want to enable Nanopool's failover servers, add these lines to epools.txt and change your wallet, worker and email address to correct values: POOL: eth-eu1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-eu2.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-us-east1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-us-west1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 POOL: eth-asia1.nanopool.org:9999, WALLET: YOUR_ETH_WALLET.YOUR_WORKER/YOUR_EMAIL, PSW: x, WORKER: , ESM: 0, ALLPOOLS: 0 Don`t forget to set wallet, worker and email address for Ethereum to correct values. Dual miner supports mining Ethereum/Ethereum Classic and SiaCoin/PascalCoin at the same time. To control second algorithm intensity use -dcri option. Claymore miner takes additional 1% fee(2% for dual mode). More information about Claymore Dual Miner configuration can be found on bitcointalk.org YOUR_ETH/ETC_ADDRESS - your valid eth address YOUR_WORKER - simple short worker name (like worker01). Optional. YOUR_EMAIL - your email address for notifications. Optional. Don`t forget to set wallet, worker and email address to correct values. You must use failovers. If you want to enable Nanopool's failover servers, add these lines to epools.txt and change your wallet, worker and email a Continue reading >>
How Do I Create And Manage My Own Mining Pool?
I realize that there are already answers to the question , but I don't think they are detailed enough. For my use case, I have 4-5 gaming PCs, some desktop and some laptop, laying around the house. I would like to create my own pool and put them all to work. A previous answer states that you simply run geth on a master machine and then run ethminer on your other machines which are pointing to the master. That's great, but how do the other machines know which account they are mining for? Also, is there a way to track productivity on a per-machine basis. I would like to know how much output I am getting from each machine. In the "just run geth" method, the geth program is told which Ethereum account should receive block rewards. This is known as the etherbase. Thus, when geth generates data for hashing, the work sent to miners implicitly includes this information. In fact, the mining software doesn't even need to explicitly determine what account is being credited! For extra security, your geth node doesn't need to have the private key for account being credited, either. This can be done by adding the --etherbase option for geth (the command in the referenced answer is otherwise unchanged). This method really is as simple as the other post states. One command to start geth on the "master" computer and another command to tell the mining computers where to get work from. If you want to track productivity per-machine, you can use pool software such as . This software includes step-by-step instructions for setting it up on the Ubuntu operating system. You can run it from inside a virtual machine if you don't want to run Ubuntu as your primary operating system. This particular pool software connects to a running geth instance to figure out the current state of the blockchain Continue reading >>
How To Setup A Mining Pool?
i am a crypto lover, and quite new to the blockchain. anybody know how to build a mining pool? I'm studying P language and hope to find some good tutorial from you. i am a crypto lover, and quite new to the blockchain. anybody know how to build a mining pool? I'm studying P language and hope to find some good tutorial from you. Pretty decent tutorial basis are mostly the same depending on the coin. Yes! I think this is very useful source that i can learn. You know investing in Crypto is one part, but i really want to get in deeper. For example build this kind of model : I think yiimp based pools are the most common, and some of them have lots of nice extras like explorer and even benchmarks. There was an ugly security issue in yiimp not that long ago, I don't have the details, but make sure you find a fork that have a fix for that. They support most coins except cryptonote based ones. and i think i can start to build something for DeepOnion from my beginning. Yes! I think this is very useful source that i can learn. You know investing in Crypto is one part, but i really want to get in deeper. For example build this kind of model : If you see at the footer there, you find a link to the source code it is built from, on github. --- Double Post Merged, Jan 25, 2018, Original Post Date: Jan 25, 2018 --- I see the updated one, now i try to learn it. Now this is one of the better and more honest questions I've seen here. I like it. I can't help you but in th spirit of community I think this is a great thing to ask (and reach out to, to help). Good luck! I'm also interested in setting up a mining pool, found this guide for Ethereum and might give it a try, (Setup Ethereum Mining Pool using open source ethereum pool) i build the onion community pool with PHP-MPOS as linked alre Continue reading >>
How To Make An Ethereum Mining Pool
You will also need the following tools on your computer: A tool like WinSCP may be helpful, but is not required Open up putty and log into your VPS as the root user. Create a new, non root user and give it sudo access. Then, log in as your new user. Never log in as root again. Run the following shell commands to update Ubuntu: sudo apt-get updatesudo apt-get dist-upgrade dd if=/dev/zero of=/mnt/myswap.swap bs=1M count=4000mkswap /mnt/myswap.swapswapon /mnt/myswap.swap Next, edit the file nano /etc/fstab, and add the following line to the end of the file: apt-get install git -yapt-get install build-essential libtool autotools-dev autoconf pkg-config libssl-dev -yapt-get install libboost-all-dev git npm nodejs nodejs-legacy libminiupnpc-dev redis-server -yapt-get install libdb4.8-dev libdb4.8++-dev -yapt-get install golang -yapt-get install nginx -y First, we need to let Linux know that Ethereum exists so it can install it for us. To do this, run these commands: sudo apt-get install software-properties-common -ysudo add-apt-repository -y ppa:ethereum/ethereumsudo apt-get update And finally, to install and start the node: sudo apt-get install ethereumgeth account newgeth This is really the home stretch! Let's compile the pool software: git config --global http.truegit clone open-ethereum-poolmake Configuration is very easy with this pool: simply edit config.json using nano like you did before. All settings should be clear and documented. ./build/bin/open-ethereum-pool config.json At this point, you should have a working pool up and running, but we want a web interface, don't we? Enter the www directory (cd www), and change "ApiUrl: '//example.net/'" to match your domain name. Change the other options to your environment too. Install EmberJS to push data to the website: np Continue reading >>
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 >>