Many are asking the actual question of how to mine Ethereum, set up and start making a profit, what is the resulting cryptocurrency. It was developed by Russian programmer Vitalik Buterin in 2014. Her initial assumption was to pay for the internal services of the Ethereum platform.

What is ether mining

Knowing how to mine Ethereum, you can independently install a specialized "farm". Ethereum can be mined in this way even at home, because such a process as cloud mining consists in selecting the appropriate elements of the code of one unit of cryptocurrency. The source code is in the public domain. Mining a farm is a hot business for many innovative entrepreneurs: this is how you can start mining new cryptocurrencies. The ability to mine is a new activity.

Features of blockchain technology

Blockchain technology allows you to distribute blocks of information, transfer it from the sender to the recipient through numerous stages. Initially, this was the name given to data transfers regarding transfers of the Bitcoin cryptocurrency. The peculiarity of the method lies in the fact that when transmitting information, it is impossible to track the sender, recipient, it is unrealistic to steal money or pass it through a fraudulent scheme.

How ether works

You can use the Ethereum cryptocurrency for various purposes: for example, exchange it for real money or conduct transfer transactions to other persons. Today, the ethereum cryptocurrency is one of the main digital virtual money in the world after Bitcoin. Its capitalization is more than a billion dollars. You can mine cryptocurrency according to the classical scheme using special software. Ethereum can be attributed to new cryptocurrencies, but its quotes have been increasing for six months in a row.

Network complexity and mining features

Cryptocurrency mining is almost identical for Ethereum and Bitcoin. The ability to mine Ethereum and Bitcoin is determined by supply and demand. The more players start mining, the more difficult and slower the process becomes. This parameter determines the difficulty of mining. The key element for this procedure remains a pool for mining Ethereum or another cryptocurrency. Cryptocurrency exchanges can influence the production of ether. You can mine Ethereum after installing the equipment - a video card system, cooling, a processor, a power supply.

What do you need for ethereum mining

Before mining, you need to take care of the following conditions:

1. Prepare one or more video cards with a nominal amount of memory of at least 2 gigabytes each (a card is desirable from the GTX series, it should not be budget, and its release year should not be older than 3-4 years).
2. A 64-bit system unit with the Windows 7, 8, 10 operating system installed. Separately, you can purchase ready-made so-called “farms”, consisting only of a processor, power supply, and cooling.
3. We determine which pool we want to choose, select the appropriate program (for example, ethminer (3.
4. It is necessary to connect either an Ethereum account - for this, numerous services are offered on the Web.

How to mine ether

Before the procedure, it is worth learning about the key two ways of bitcoin mining. They differ only in the order of registration and pool selection. The rest of the structure of the system remains the same:

• Method 1: you need to register on the cryptocurrency website and enter your data there. After that, on the pool website, you need to download the program itself. You must first select it and set up an Ethereum wallet.
• Method 2: when registering in Ethereum Classic or in other pools, you need to enter not an e-mail, but come up with a code value, then create a wallet, an account already in an existing profile. This is necessary if you connect multiple computers to mine cryptocurrency.

Registration

Before you can mine the Ethereum cryptocurrency, you need to go through the registration procedure. On the site, it does not take more than 5 minutes. The procedure is similar to the one offered when visiting other portals: you need to enter a confirmation e-mail, password. Already on the site you can choose a pool, change the data in the settings. If necessary, a user registration guide is provided.

Creating a wallet to store ether

Any miner must store digital coins in a special account. To do this, use several services that are independent. Wallet addresses are specified later in the program for the mining procedure. More detailed information for beginners is indicated in the instructions on the wallet sites. To create a bitcoin wallet, it is recommended to use other sites. Previously, there you need to forgive the standard registration according to the instructions. Here is a list of several standard wallets:

• Mist (for this Ethereum wallet, the Russian interface language is typical);
• MyEtherWallet;
• Ethereum wallet.

Mining client software

The main purpose of such a program is to use the power of the processor and video card to create hashrates that form the currency from around the world. Each program differs in interface, and some of them in structure. Below is a list of the best options for amateur and professional mining:

• 50Miner;
• BFGMiner;
• Ufasoft Miner;
• CGMiner.

bat file codes

This file is necessary in order to enter certain parameters into the hardware through the code to optimize the mining procedure. There are numerous ready-made codes for various systems. With the help of code phrases, the temperature of the video card is regulated, the output power is set. This must be done before mining the Ethereum cryptocurrency. It will be difficult to write this code without knowledge on your own, so we suggest finding it on the Internet. Please note that it must be suitable for your video card and processor.

Ethereum solo mining on a video card

Solo mining is a procedure when ether mining is carried out alone, without connecting a pool. In this case, you yourself will mine the cryptocurrency, and the collected blocks will not go to others. But for this it is recommended to have a powerful video card, otherwise the block may not close. The setup of this system is similar, but the algorithm changes: a pool is not needed here. The wallet is connected, geth is created. Before you can mine Ethereum, you need to download this same geth. It is profitable to mine cryptocurrency if you organize the process correctly.

Farm equipment selection

The most productive models of computer equipment are suitable for ethereum mining. The best option is several Geforce GTX 1050 Ti and higher video cards with a nominal memory capacity of 4 GB each. Many novice miners do not approve of investing in a quality cooling system and power supply, which can lead to breakage. The processor must have a high clock speed, a large supply of RAM (from 8 to 16 gigabytes).

Video card settings

Mining pre-configuration must be carried out to optimize the power of the system. Make sure you have new drivers installed. Regardless of the chosen coin (Coinotron, zcash or others), you need to choose a mining program that is best suited for a specific video card manufacturer. There is no difference in map settings if you are going to mine in a pool or solo. Please note that integrated accessories are not suitable for this procedure.

Investments in ethereum cryptocurrency

Six months ago, one could hear that cryptocurrency quotes are growing. However, today the situation is changing, the cost of Bitcoin and Ethereum is declining, which is associated with an increase in production volumes. The creators themselves do not deny, they say to users that the profit of mining without the use of complex systems will fall, but will not drop to zero. Today, the average cost of a multi-GPU farm is up to $2-4 per day (with relatively minimal investment). The average payback period is 7 months, regardless of the volume, production rate.

How to mine ethereum in a pool

Pool mining methods are relatively simple. Beginners and experienced users know that for the cryptocurrency mining procedure, you first need to download and configure the pool. This is done with a simple registration. The selected pool does not affect the speed of mining. Today it is proposed to choose one of several Ethereum mining pools that will suit him in terms of interface and other parameters. Before choosing, pay attention to compatibility with video cards and processor.

The best pools for mining

To start mining ethereum on a farm or assembled PC, you need to download and register on the pool. Below we offer the best pools for mining Ethereum and bitcoin mining.

	Contains more than 25% of all miners. Location - China. A commission of 4% seems high to some, but the pool offers optimal optimization parameters and the ability to fine-tune the process.
	The second pool in terms of the number of users, which offers to withdraw funds without commission. It should be noted that a Russian-language interface is offered for optimized work, but its translation is not yet perfect.
	The pool belongs to the group of Chinese exchanges. Unfortunately, the difficulty of translating from English can affect the efficiency and quality of the connection.
	The Chinese pool closes the top four, which does not involve the commission for withdrawal.

The above Chinese pools unite about 55 percent of all miners from around the world. When choosing, be guided by the presence of an optimized and relatively competent interface (in English or Russian). Other pools (for example, DwarfPool) have almost the same list of features, so their accounting and analysis is impractical. You need to select the desired option before mining the Ethereum cryptocurrency.

How to create your own pool

Litecoins, Bitcoins and Ethereum can be mined on your own pool. The registration procedure is relatively simple, but the most difficult thing here is not just to open it, but to attract other players there. Indeed, in order to avoid problems and instability, proven pools are chosen, and it makes no sense to mine an unknown novice player through the service. This is relevant when you have a specific team or target audience. Creating a pool is a relatively complex task that requires knowledge of web fundamentals.

Is Ethereum mining efficient?

To date, crypto-currency exchanges offer optimal quotes with a stable exchange rate. A bounce back in the near future should not be expected - both analysts and the creators of digital money themselves are talking about this. On average, as mentioned above, the return on investment for a farm is about 7 months, depending on how the prices of it rise. You should know that for an effective procedure, you need to adhere to several key fundamentals:

• To start mining, you need to prepare a high-quality system from video cards and a processor of the appropriate power (this will become a guarantee, since it is almost impossible to get cryptocurrency on a home computer today);
• Take care of the correct settings of all programs.

Ethereum mining calculator online

Today, numerous calculators are available on the network to determine the volume of mining and its profitability. It indicates the production parameters for a certain time (several currencies are available to choose from). Knowing how to mine Ethereum, you can correctly calculate the possible profit. It is recommended to do this before mining the Ethereum cryptocurrency.

How much can you earn

The amount of money earned depends on the power of the installed system (card, processor). On average, you can earn only a few dollars in one day on a system from one powerful video card. This is due to the high complexity of mining and a certain level of electricity consumption. A farm of 4 and 5 video cards on a powerful processor can already earn $ 20-25 a day. Knowing how to mine Ethereum can provide the quick payback mentioned above. This option is also optimal for those who want to find an additional source of income.

Video

Cryptocurrency, as a financial phenomenon and a revolutionary asset, is at the peak of popularity today. It is not surprising that most investors and ordinary citizens are wondering how to start Bitcoin mining. But before you start mastering this process, you need to understand what is the essence of obtaining such expensive virtual coins through mathematical calculations.

Mining Ethereum. Step-by-step instruction

Today we will tell you how you can mine Ethereum (ethereum) on your video card, or on several video cards, for example, I will take 5 video cards Radeon RX 470 8GB

What will we need?

1. A regular computer that has 4GB or more will not be a problem :). Can be kaneshno and less but I do not recommend.
2. Bazhano stable internet.
3. Video cards with a video memory capacity of 2 GB or more.
4. Virtual memory (16 GB)

Virtual Memory:

In order to enter the paging file settings Windows 10, you can simply start typing the word "performance" in the search field, and then select "Adjust the presentation and system performance."


In the window that opens, select the "Advanced" tab, and in the "Virtual Memory" section, click the "Change" button to configure virtual memory.

By default, the settings will be set to "Automatically choose the size of the swap file" and for today (2016), perhaps this is my recommendation for most users.

Creating an ETHEREUM Wallet

And so, let's get started! First, we need an Ethereum wallet. I have chosen for you the easiest way to create a wallet, on the Poloniex exchanges. We go to the exchange website and click the "Create your account" button. Next, fill in all the fields, agree to the rules and click "Create Account".

Now check your email address provided during registration. You need to follow the link to activate your account. Once the account is already activated, you need to log in and create an Ethereum wallet. This is done as follows: in the upper right corner there is a menu item "BALANCES" and a sub-item "Deposits & Withdrawals". On the page that opens, among a huge number of crypto coins we find "Ethereum", just below there is a line "Deposit address: Generate", actually press "Generate" and after a while we will see the address of our wallet, to which the mined coins will come.

ETHEREUM mining software

Download mining software HERE

After that, you need to unzip the contents, for example, to the desktop.
Find the "START.bat" file in the folder and open it with notepad or select Edit in the context menu

We find the wallet address and Replace it with our own, here is an example:

Save! and run START.bat

Here is the result:

View statistics

The mining program seems to be working fine, but how can I see my statistics and the process itself? We go to our pool ethermine.org there in the search just enter the address of our wallet here and press Enter

Here you can see your statistics and mining process, your balance, how much was the payout, miner speed, etc. Update statistics every 10 minutes

A little lower you can see separate statistics for each worker, you can edit auto-payment on the pool by entering your IP address..

Bitcoin mining how to start: a guide for beginner miners

How is the mining of cryptocurrencies?

Mining (extraction of alternative currencies) is the only possible way to generate digital money. For the “birth” of Bitcoin or its forks, computing devices of various types must solve a complex mathematical problem. Millions of computers, gadgets and special equipment are connected to the extraction of virtual coins, which are located in different parts of the world and do not differ in uniform dispersion. But the process itself is not controlled by a single emission center, which guarantees its independence and security.

The activity of a miner can be compared to the work of a miner. That's just instead of a pick and a shovel, he uses computing power, with the help of which he extracts the coveted virtual coins. But its function in the Bitcoin system is not limited to this, because in parallel it maintains the network's performance. The efforts of each of the computing nodes do not go unnoticed - for attracting resources, he receives a reward in digital currency, which, if necessary, is easily converted into fiduciary counterparts.

Bitcoins are mined not by one coin, but by whole blocks. Moreover, the number of monetary units in such a "pack" is constantly decreasing. This process, called halving, occurs every 4 years, after the next 210 thousand blocks have been mined. Therefore, before you start Bitcoin mining, you need to carefully calculate the profitability of this process. If initially there were 50 virtual coins in one block, today the miner receives only 12.5.

Features of mining at the present stage

Today, Bitcoin mining can rightly be compared to a kind of arms race. Immediately after the advent of cryptocurrency, it was possible to mine virtual coins on a home PC. The first crypto miners were students, gamers and programmers who use their free time for mining.

Quite quickly, things changed dramatically. As Bitcoin became popular, more and more people got involved in the crypto mining process. Accordingly, its complexity began to increase. At first, special video cards were required for successful mining, then reprogrammed chips. Today, devices called ASICs are used, which are characterized by high speed and low energy consumption.

But solo mining, that is, mining Bitcoins alone, has lost its relevance. The level of complexity of cryptographic tasks has increased so much that it may take several decades to obtain one coin using a conventional PC, and the costs will not pay off. Therefore, ordinary users who want to know how to start Bitcoin mining, and do not have significant finances, had no choice but to join in the so-called pools. In this case, a single system is formed, including tens or even hundreds of thousands of computers, which allows you to extract cryptocurrency much faster. The received reward is distributed among the miners in proportion to the size of their contribution.

How to start cryptocurrency mining from scratch?

If the reader is not afraid of the difficulties of everyday life of a crypto miner, and he continues to persistently search for an answer to the question of where to start mining Bitcoins, then we will try to help him. To start the process, you will need the appropriate equipment, in other words, a Bitcoin combine. At the same time, its power is of decisive importance - the number of hashing operations for a certain amount of time. In addition, you will need a Bitcoin mining program for beginners that allows you to mine the coveted coins.

Of course, the generation of crypto coins, like any business activity, must be profitable. Its size directly depends on the power and stability of the equipment. But novice crypto miners often make a typical mistake: they only calculate income, not counting the cost of energy, the Internet, and the depreciation of computing equipment. If we take into account the cost of electricity, then it is not a fact that the profit received is barely enough to pay the bill. Often, you can even be in the red. Therefore, a completely logical question arises, how to start Bitcoin mining so that it generates income? To do this, you need to evaluate this business, from a mathematical point of view, but first, we will tell you how to set up the program.

This process is the same for all types of cryptocurrencies, so it can be successfully used not only for mining Bitcoins, but also for numerous forks, the variety of which is growing at an enviable pace against the backdrop of rising altcoin quotes. By the way, do not neglect this opportunity in the hope of earning millions on digital gold, which is quite justifiably ranked as Bitcoin. The complexity of its extraction has increased dramatically, so a successful investment in an outsider of the digital market can significantly increase capital.

How can beginner crypto miners start Bitcoin mining? As mentioned earlier, you will need a program and special equipment. As a client, we can recommend several options, these are:

• Cudaminer - optimally suited for work on Nvidia video cards.
• Cgminer - for crypto mining on an ATI card.
• Pooler cpu Miner - used for CPU processor.

To set up a mining program, it is best to use the step-by-step instructions provided on the site of the selected pool.

Mining as a business - a mathematical model of expectation

On paper, the process of crypto mining looks very simple: you just need to purchase the necessary equipment, set up the program, and virtual coins will flow into a digital wallet in a stream. In fact, everything is somewhat different, and before you start Bitcoin mining, you need to study the mathematical model of this business.

Consider the process from "A" to "Z" using the example of an ASIC mining device that is optimal for home use - Antminer S 5 with a power of 1 Thash / s. The average cost of the unit is $500. First you need to solve the problem of nutrition. Moreover, it should be taken into account that Asik will not work on outdated equipment, a modern processor with a power of at least 850 watts and an appropriate power supply will be required. The issue price is at least $ 150, and this does not include a variety of adapters and cables. So, the minimum cost of purchasing equipment starts at $ 650.

The new device earns $ 2.09 daily. In this scenario, the costs pay off with the help of intensive mining in 311 days. But it is also necessary to take into account the cost of electricity consumed by Asik. It “eats” 600 watts per hour, which is an impressive amount of 432 kW per month. Given the cost of light, you will have to pay a round sum of $ 40 every month.

Thus, the miner's daily income from more than 2 dollars is reduced to 79 cents. And this means that the costs will pay off within 822 days. Add to this that the equipment emits a constant noise due to the hum of the fans. In addition, a round-the-clock Asik can be compared to a heater. Its presence is fully justified if the user is thinking about how to start Bitcoin mining in the cold season. After all, he can use the equipment as a battery. But in the hot summer, the presence of a red-hot apparatus in the apartment is unlikely to be an advantage.

Another important nuance is the condition of the wiring. If it is new, it will be able to withstand the additional load. But old wires are guaranteed to overheat during the mining process, which is fraught with fuse failure or even fire. No less important is the fact that each mining equipment becomes morally obsolete in the process of such a long operation.

Also, one cannot ignore the features of the Bitcoin system. First of all, the difficulty of mining virtual coins is constantly increasing, and the amount of reward for the found block is decreasing. In other words, the income of miners is getting smaller every 48 months (the halving mentioned above). It's time to ask yourself the question, how profitable is Bitcoin mining for beginners at this stage? It may come as a surprise, but even today, crypto miners receive a good income. But only under the condition of competent investment of funds, which automatically brings us to the next section of our story.

Secrets of cloud mining

There is an alternative for people who want to get into cryptocurrency mining, but avoid the hassle of buying and managing equipment. We are talking about cooperation with cloud services. How to start Bitcoin mining in this direction? In principle, there is nothing complicated, you only need a PC and a digital wallet. Cloud mining involves the sharing of computing resources of remote centers that specialize in storing and processing data. This solution has many advantages:

• The absence of constantly operating equipment in the apartment, which creates additional noise and generates heat.
• Electricity bills no longer empty the pockets of a crypto miner.
• You do not need to constantly monitor the operation of the unit, for fear of failure or breakdown.
• There is no need to independently assemble the system and configure the program. Despite the seeming simplicity of this work, for most inexperienced users, it is a serious obstacle on the miner's difficult path.

But for those who are seriously thinking about the question of how to start cloud mining, it is necessary to voice the risks involved. First of all, the possibility of fraud by dishonest services is not ruled out. In addition, a significant drawback of remote cooperation is the inability to control the process of crypto mining. Therefore, before you start Bitcoin mining, you need to make sure that potential partners are honest. And finally, when the coveted block is found, the income of miners is much more modest than in the case of its independent production. This is not surprising, since operators cover overhead costs through mining.

How to make money on cloud mining with a company hashflare

This type of mining is associated with some risks, so care should be taken when choosing a platform for further cooperation. As a rule, it is recommended to deal with proven resources that have been on the market for several years. But in the case of data centers, the situation is somewhat different. We have already said above that the difficulty of mining cryptocurrencies is constantly increasing, and the efficiency of mining equipment is decreasing, which accordingly affects the income of miners.

In addition, technology does not stand still, innovations are constantly appearing on the market, designed to speed up the process of finding blocks. Most often they are adopted by young companies that have recently appeared on the market. Whereas outwardly solid data centers often operate outdated equipment, due to which investors suffer losses. How to start bitcoin mining without loss?

With HashFlare, the risks that miners have to face are minimized. First of all, the data center is equipped with modern units specially designed for cryptocurrency mining. The object is reliably protected from all sorts of accidents - the company uses its own generator and separate electrical networks, so that its performance will not be affected as a result of a power outage. Special systems maintain temperature and humidity in the data center, which is optimal for equipment. This approach allows the devices to operate at full capacity and mine Bitcoin without overheating and technical failures.

Other HashFlare benefits include:

• Clients can mine not only Bitcoin, but also other popular cryptocurrencies.
• The withdrawal of earned funds is carried out in a matter of minutes after the application is made.
• The client receives the first profit within 24 hours after paying the equipment rental fee.
• There are several tariff packages, which makes it possible to invest a small amount of a few dollars in cryptocurrency mining. Cooperation with the company will be an ideal solution for people who are looking for how to start Bitcoin mining with little investment.
• The company does not limit miners with strict time limits, they have the right to terminate cooperation with the service at any time.
• The company's commission is a stable amount, so you don't have to worry about reducing profits due to hidden fees.
• The service support service works without breaks and weekends. Its staff is completed by experienced specialists who will eliminate any technical problems in the shortest possible time.

What tariff packages does the HashFlare service offer?

The company is engaged in mining not only Bitcoins, but also other popular cryptocurrencies, for example, Ethereum and Dash. We offer customers tariff packages of different price categories, which allows even people with little financial resources to mine virtual coins. So, on the HashFlare online resource, an investment package worth only $ 1.2 is presented. Profits are accrued in Bitcoin, and the contract is concluded indefinitely, which makes it possible to terminate cooperation at any time.

For the mining of the first cryptocurrency, another tariff package has been developed, worth $ 13.50. Service fees are only 1 cent. The miner can expect to receive a stable profit in Bitcoin, starting from the day after the decision to start mining cryptocurrency.

HashFlare will become a convenient platform not only for those who are interested in Bitcoin mining. Ethereum and Dash are also available to customers of the service. The investment packages cost $2.20 and $5.80 respectively. Moreover, there is no fee for their maintenance, but the duration of the contract is limited to a period of 1 year.

HashFlare is your successful start in the crypto industry and a reliable partner. Join and increase your digital capital with us.

Bitcoin mining on video card. Step by step guide for beginners

Hello. Surely, you have a video card and you are most likely thinking about: “how to mine bitcoins?”.

I congratulate you - in this article I will tell you about it. But I want to warn you right away that a long time ago, no one mines bitcoins on video cards.

The most basic reason is mining difficulty is very high. And the power of the video card is simply not enough to generate blocks.

But don't despair. Nothing wrong with that. Anyway, worth a try just to understand the principle and increase your skill.

What do you need to mine bitcoins on a video card?

1. video card. The main ingredient, which, let's say, you have in stock. The more expensive the video card, the higher the mining speed will be. Although, to be honest, even the most expensive and powerful video card will not mine as much as special equipment (ASIC).

2. Bitcoin wallet. If you don’t want to bother with this, because a bitcoin wallet takes up more than 73 gigabytes on your computer, then you can use the EXMO cryptocurrency exchange.

3. Mining software. There are many programs, but I use the "classics" for myself: CGminer. This is a console mining client that allows you to mine Bitcoin on video cards.

Now everything is in detail

Option 1(Pool usage)

Let's go to this pool. Next, copy this line:

cgminer -o stratum+tcp://crypto.office-on-the.net:9332 -u Your_BTC_PayoutAddress -p x --expiry 1 --scan-time 1 --queue 0

In the folder of the downloaded miner we find the bat file " start_local”, open it in notepad (delete everything there) and paste the previously copied line.

Change " Your_BTC_PayoutAddress" to the bitcoin wallet address, save the file and double-click on the file " start_local". Bitcoin mining should start.

If you did everything right, your video card will buzz and start to warm up. This is fine.

Don't forget to control the temperature of your graphics card. On my R9 380 it does not exceed 70 degrees.

For bitcoin mining on a video card, I still use this pool, although there are many pools on the Internet in different countries.

You can see the list of pools on the service bitmakler.com

Option 2(Using an AntPool pool)

We go to AntPool This option is suitable for those who already have their own ASIC. By the way, I like it here. But those who want to mine the Bitcoin cryptocurrency on their video card will also find a place here.

When you register on AntPool, you will be thrown into the control panel, which consists of two blocks

Left block

Right Block

But with all this goodness, you will figure it out yourself.

Do not forget to add the main thing in the tab " Settings» address of your bitcoin wallet.

In addition, you must have your own sub-account created - I have this " etolike».

Now open the mining program itself CGminer(which you downloaded earlier), open the bat file and delete everything there and put the following:

cgminer -o stratum+tcp://stratum.antpool.com:3333 -u xalabuda -p x

Change the word "etolike" to your sub-account. Save and run the bat file (double-click).

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Greetings friends, in this article, by the way, the first on this site about mining, we will talk about how to start mining on a video card (GPU) and where to start. If you are too lazy to read, at the end of the article there will soon be a video on how to start mining for beginners. But first, I advise you to read the first 2 paragraphs.

Mining start

This article deals with, as you understood above, about mining on a video card and step-by-step instructions. This article is for beginners. We will set up mining, connect, install software, overclock the video card, and so on.

What do we need to start mining from scratch

step by step mining

1. And probably the most important thing for mining on a video card is a video card (GPU), at least one, also more or less modern, about no more than 3-4 years old, and not a budget one. (It is also possible to mine on asics, processors, hard drives and cloud mining).2. Naturally, a computer (system unit) or a farm with an operating system installed
(Windows x64). It's the 64 bit version. Decide on the currency that we will mine. Depends on the video card, in our example, the description will be mining ether eth. It is better to mine on Nvidia at the moment (12/28/2017) ZCASH –
more on that below. Now air.4. Since mining is online, we need the Internet. Fast speed is not needed, but good ping is desirable, more on that below.5. Select a pool (POOL) where we will mine ethereum (do not confuse with etherium). Next, select the miner program and configure.6. Choose an exchange or a wallet where ours will drip and accumulate for mined ethereum coins, as well as services where you can transfer our earned coins to rubles and withdraw to a card.

Mining instruction start

And so let's start, you have a suitable video card and everything listed above in paragraphs 1, 2, 4 which are above and the drivers must be installed. If there is no video card, we will soon write an article which video card for mining is better to choose and buy. If you do not have video cards and equipment, for more information about what kind of equipment you need for mining, follow the link -.

Internet fast is not needed, but with a good ping. If you connect via a cable, then of course it is better than the Wi-Fi option, but Wi-Fi is also suitable (I will write about this later).

How to start mining

Choose a pool (pool) where we will mine Ethereum coins:

1.dwarfpool.com/eth
advantages of this pool:
+ for those who are in Russia, they have a server in Russia which is good for ping
+ a small commission of 1% which is not secretly overestimated
+ Good pool power
+ Easy miner setup
Minuses:
- A bit incomprehensible site (for beginners), but we will describe here how to set it up using its example

2. www2.coinmine.pl/eth/
Pros:
+ Honest small commission 1%
+ good ping
+ good power
+ Better protection
Minuses:
- More complex customization manner
- There are also difficulties with the site

3.eth.nanopool.org/
+ Simple site
+ Easy miner setup
+ Big power
Minuses:
- There are rumors among miners and many claim that the stated commission of 1% is well underestimated

At the moment, I have chosen and will show the setting in example 1 - dwarfpool.com/eth open the site in your browser

So the pool was chosen, now you need to select a wallet or an exchange in advance. What is a wallet, Ethereum Wallet? This wallet is located on your computer, coins are received on it, then from this wallet through the services they can be withdrawn to the card, which is not profitable at the moment, it is more profitable to transfer to bitcoins, and then to the card in rubles, but this can be done on the exchange. But the wallet is much safer than exchanges, soon I will write an article on how to create
purse.
But for beginners it is better to work with exchanges

After downloading, unpack the archive with the miner to a place convenient for you, the folder into which you unpack, preferably what was named in Latin (in English). This is what the content should look like.

Now let's start setting up the miner and mining
Next, the Start.bat file, right-click on it, and select edit. If the Run button appears, click it.

Here is the code for our file that we will run

and we need to edit it for your pool and your wallet (exchange)
-epool and after we specify the address of the pool, since we chose dwarfpool.com, we should get:

Epool eth-ru2.dwarfpool.com:8008

(This is the address and port for mining, for other pools you can find out on the pool website)

Do not close text editor

How to withdraw money from the Exmo exchange to your card.

On mine? Don't know how to withdraw? Reading

If you do not have equipment, then I advise you to read -.

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home — Cryptocurrency mining

Ethereum mining - a step by step guide for beginners

• Cryptocurrency features
• Creating a wallet
• Setting up the Miner program
• Withdrawal of mined coins

Mining may seem like a rather difficult way to make money, even for people who are well versed in e-currency and economics. However, when set up correctly, it is a passive income option that any owner of a modern PC with a powerful graphics card can afford.

Cryptocurrency Ethereum, which was created as an alternative bitcoin, is one of the most popular for mining.

Its main difference lies in its focus on the development of decentralized applications, while Bitcoin was created in order to optimize the conduct of financial transactions.

We propose to consider in detail what it is and how it would be better to start mining ethereum.

Cryptocurrency features

Many experts agree that Ethereum is the most advanced and promising type of cryptocurrency. Compared to the same Bitcoin, the speed of transaction progress has increased by at least 20-25 times. Another bonus is the use of the "Patrician Tree" algorithm, as a result of which the history of these payments takes up 10 times less disk space.

The development of new applications on the Ethereum network is based on the possibility of using four programming languages, each of which is aimed at creating contracts.

• Solidity: almost completely repeats JavaScript;
• Serpent: has a lot in common with Python;
• LLL: very similar to Lisp;
• Mutan: has the same source code as Go.

All applications developed on the Ethereum platform operate in a secure cloud service. At the same time, each individual unit of the Ether does not depend on others, has an autonomous, as well as a unique code and memory.

The security of ethereum mining is guaranteed by the implementation of the hedging agreement. As a result of this, the risk of losing the value of the cryptocurrency is reduced by at least 25%.

The bright future of ethereum farms also promises the successful use of applications created on the Ethereum on various equipment, from PCs to mobile phones.

What you need to mine ether

Before mining ethereum, you need to prepare:

• A typical personal or mobile (laptop) computer with 4GB or more of RAM. In this case, the brand and performance of the CPU do not play a big role. Miner programs work great on budget models, for example, intel celeron.
• Stable internet connection. You can mine ethereum freely if you have a 3G connection with a speed of 3 Mbps or more.
• High performance graphics card with plenty of video memory. It is recommended to use several video adapters working in pairs using SLI or CROSSFIRE technologies (AMD Radeon video cards). Preference for cryptocurrency mining is given to AMD video adapters. This issue will be discussed in more detail in a separate section.

That's probably all that's needed, of course, except for the ability to follow instructions and monitor up-to-date information on the developer's website.

Ethereum mining equipment

At first glance, mining equipment should cost a lot of money, but this is not always the case. Ethereum mining is possible using various types of equipment. The current equipment options, which are distinguished by a harmonious indicator of the ratio of cost to productivity, are the following two configurations:

• Latest Generation AMD Radeon RX 480 Discrete Graphics. Mining speed is 27 Megahash per second. Estimated price: $200.
• Bundle of two video adapters: Sapphire PCI-Ex Radeon RX 480 Nitro+ OC 8GB GDDR5 and AMD Radeon RX470. Mining speed is 25 Megahash per second. Estimated price: $500.

In addition to these two configurations, you can choose other options for components for mining Ethereum. Their use directly depends on the goals and financial capabilities. You can see which video card is the most powerful on specialized forums and sites dedicated to mining hardware.

Let's assume that the computer is bought, the Internet is configured and the latest video card is installed. Now you are ready to start mining ethereum. The next step is to create a wallet.

Creating a wallet

To earn on ethereum mining, you need to create an electronic wallet (Ethereum address). Of course, you can download and install it on your personal computer, but it will be much easier to use the exchange website, for example, poloniex. It is enough to go to the official website, find and click the account creation button there: “Create your account” and carefully fill in all the required fields.

After registration is confirmed, an activation letter will be sent to the email address entered in one of the fields to be filled. You just need to click on the link provided in the text of the letter. Next, log in to the exchange website and create a new ETH wallet.

Instructions for creating a wallet:

• We find the “BALANCES” menu in the upper right corner of the site and hover over it with the mouse.
• In the submenu that opens, click on the “Deposits & Withdrawals” item.
• A page will open with a large selection of crypto coins, you need to find “Ethereum” and click on the “Generate” button located below.

Literally in 5-10 seconds, the address of the same electronic wallet will appear on the screen, to which the coins you earn will come.

Setting up the Miner program

After you have created an electronic wallet for payments, it's time to download and configure the miner itself. As a program for mining ethereum, it is advisable to use one of the most popular pools, DwarfPool. You don’t even need to register on it, just go to the official website and download everything you need there. Note that many antiviruses, as well as the Windows 10 firewall, when trying to download a program, detect it as a virus. There are no worms and trojans on the official DwarfPool website, so at the time of downloading, safely turn off the anti-virus software and download the miner.

After unpacking the downloaded archive, you need to create a file *any_name*.bat in the folder with the miner. Next, you need to open it through a standard notepad on Windows and enter the following text:

• exe -G -F http://eth-eu.dwarfpool.com:80/*******
• pause

Instead of asterisks, you need to write the address of the previously created electronic wallet. Payments of earned coins will be credited to it.

It is worth paying attention to the fact that the miner will by default try to work with the video core built into the processor or motherboard (if any). In the case when, when starting the program, an error occurs, such as the screenshot below, in the .bat file, after the wallet address, you must add a special code: “-opencl-platform 1”. After that, the miner program will directly access the discrete video card(s) installed in the computer.

Starting the miner and viewing work statistics

Finally, we are all set to launch the miner and get started. We double-click on the same .bat file that was discussed in the previous section. If everything is configured correctly, then the DAG file generation will automatically start, as shown in the screenshot below.

The generation takes, as a rule, no more than 5-7 minutes of time. This is where the performance of your computer comes into play. If it is very ancient, then it will take 20 minutes or even more. As soon as the generation process is over, ethereum mining will begin.

The speed of mining in hashes will “jump” changing in one direction or the other, there is nothing terrible or unusual in this.

In the screenshot below, the Gigahash speed column is highlighted with a green marker.

And now, our miner is finally working. The question immediately arises, where to look at the statistics? To do this, you need to go to the DwarfPool pool, which, by the way, allows you to control income from several computers at once to 1 wallet.

Parameter true – means on state, false means, respectively, off. The payout occurs every time the miner earns 1 ETH.

After setting up the mining program, you can experiment with some auxiliary parameters. For example, by adding the line “–cl-local-work 128 –cl-global-work 16384” to an already running .bat file, you can increase the mining speed by a few MHashes.

We also recommend that you “play” with the settings for PC owners with several discrete video adapters. If your system has 3 video cards installed, but you want to use only 1 of them for mining, then you need to set one more parameter: “-opencl-device X”. In this case, X is the number of the device (video card) that should be involved in mining.

How much can you earn on Ethereum mining

Ethereum mining is a rather energy-intensive and not an easy process. For sure, no one can say how much you can earn today, tomorrow or in a month.

The problem is that despite all the prospects for Ethereum, its exchange rate is not stable and, along with other cryptocurrencies, is subject to significant price volatility.

In other words, your earnings directly depend on the number of video cards, the amount of their video memory and the trend in the exchange rate of the ether.

Withdrawal of mined coins

Well, our farm is working, and the statistics show that the cryptocurrency is being mined. But many novice miners have difficulty withdrawing Ether into real money. This is not difficult to do, provided that you know the algorithm of actions. Consider it using the example of the Poloniex exchange already described above.

It will not be possible to transfer ETH into real money, but they can be exchanged for bitcoins, but it will not be difficult to withdraw them. To do this, we initially go to the Poloniex exchange website, to the ETHEREUM EXCHANGE section. There we are looking for the “SELL ETH” window, in which we enter the price at which we want to change ETH to BTC and the amount of mined cryptocurrency. Under this line, the system will calculate how much BTC you will receive, as well as the amount of the commission for the service. If these amounts suit you, then you need to click the “Sell” button.

The next step is to search for a domestic exchanger with the most favorable BTC exchange rate for any of the electronic payment services (WebMoney, Yandex.Money), or simply a direct transfer of funds to a bank card. There are hundreds of such exchangers, we recommend looking for the best one for your destination on the BestChange.ru website.

It is necessary to register and log in to the exchanger, and only after that leave a request for the exchange of cryptocurrency. Next, you will receive the desired address to which you need to transfer bitcoins. After that, we again return to the Poloniex exchange website, to the balance section. You need to find the BTC item in it and insert the issued address, as well as the amount that was indicated in the application, in the appropriate window.

It remains to click the “Withdraw BTC” button and wait for an activation letter to be sent to your mail.

If you find an error, please highlight a piece of text and click Ctrl+Enter.

Mining has recently become a widely discussed and popular topic, even representatives of older generations have become interested in it. Contrary to popular belief, with the help of video cards it is impossible to mine the Bitcoin cryptocurrency (this requires special equipment - ASIC), therefore, it is the mining of Ethereum, the second coin in terms of popularity and capitalization, that is much more often discussed.

It is not so difficult to mine Ethereum, this process will be described below. First, it is worth discussing Ethereum, because there are different opinions on this matter. At the moment, this cryptocurrency undoubtedly has potential, especially when analyzing the performance of mining on video cards from AMD, because if they are used, the payback period of the equipment is quite short. For equipment from nVidia, there is a good alternative - the Zcash coin. Ultimately, everything will depend on price changes, but each of the listed cryptocurrencies is good in its own way.

ETH course dynamics

Those people who start mining Ethereum notice that the rate of this cryptocurrency changes very often, and it can vary significantly even within one day. It should be understood that this is typical of almost any crypto coin, so you definitely should not refuse to mine ether for this reason. As a result, Ethereum prices are still approximately at the same level - strong pumps are observed quite rarely.

Note! Miners, of course, should pay attention to the dynamics of the course, but this is not the most important thing, because. often work on the potential for development in the future. Dynamics is most important for those people who are engaged in cryptocurrency trading.

How much can you earn on Ethereum mining?

When discussing the process of mining Ethereum, many are interested in a specific issue - the issue of profit. Profitability should be considered only when the mining equipment is fully paid off. If you buy correctly (in regular stores), then the payback will vary from 180 to 250 days. Such a spread cannot be avoided when it comes to mining on a video card, and it doesn’t matter if Ethereum or other cryptocurrencies are considered. The processor can be set weak, because it still will not take on any functions, its main purpose is to start the computer. There should not be too much RAM (it makes no sense to put more than 4 GB). The motherboard is selected according to the ratio of quality and price. As for graphics cards, you don't have to sacrifice cooling and security, because they will work around the clock. If you invest money irrationally, then Ethereum mining will pay off the cost of equipment much longer (1 year or more), such cases are not uncommon, more and more people make mistakes every day.

An approximate table with the calculation of profit at the time of writing the article for nVidia cards:

Map	Price 1 piece	Price 4 pcs.	income/day	Income/month	Farm income	carcass price	farm price	Will pay off for a month.
1050(ti)	11 500 rub.	46 000 rub.	55r.	1 650 rub.	6 600 rub.	16 000 rub.	62 000 rub.	9,39
1060(3)	17 500 rub.	70 000 rub.	90r.	2 700 rub.	10 800 rub.	20 000 rub.	90 000 rub.	8,33
1060(6)	25 300 rub.	101 200 rub.	90r.	2 700 rub.	10 800 rub.	20 000 rub.	121 200 rub.	11,22
1070(8)	33 000 rub.	132 000 rub.	120r.	3 600 rub.	14 400 rub.	24 000 rub.	156 000 rub.	10,83
1080(8)	39 700 rub.	158 800 rub.	130 rub.	3 900 rub.	15 600 rub.	30 000 rub.	188 800 rub.	12,10
1080(ti)	60 100 rub.	240 400 rub.	175 rub.	5 250 rub.	21 000 rub.	40 000 rub.	280 400 rub.	13,35

But the problem of profitability of mining lies not only in the literacy of equipment selection. It is also important to choose the right pool, algorithm and avoid tempting offers from special services, for example, from NiceHash, which will be discussed later.

How to mine Ethereum?

As mentioned earlier, ether mining (or rather, its production) can be done using ordinary video cards.

It is impossible to mine Ethereum on a processor (CPU), and using this component to mine any coin is simply unprofitable. Not only is it possible to install only one processor in each system (there is only one slot for this component), but also that the profit from the calculations performed will be extremely small.

Here is a guide to help you coin Ethereum:

1. To get started, select a pool (the list is presented below) and register on its website. The system will ask you to confirm that you are not a bot, as well as enter the minimum data (first of all, this is an email address). Through e-mail, you will later need to confirm the creation of an account and the ownership of this mailbox to you, all this is done intuitively, so we will not focus too much on this. Further actions will be considered based on the pool of coinotron.com.
2. On the coinotron.com resource, go to the help section, find the value of ETH Stratum 3344. As for the pool itself, even many professional miners prefer it, because it probably offers the best profit (positive effect) from Ethereum mining on a video card when using the maximum capacities, and payments from solved blocks are made clearly and according to a convenient schedule.
3. Now you need to download the cfve program for mining Ethereum, we are talking about the standard “miner”. Please note that it must be up-to-date, more information about Ethminer versions can be found on the same website coinotron.com. It is worth noting that this does not force you to use this particular pool, because. the program works correctly with almost any of them.
4. Now that the new software is installed, we can start mining directly. Go to the folder that you need to unzip first into the required Windows directory, and right-click on it. This is necessary to create an ordinary text document, which will need to be done in the menu that opens.
5. In a text document (it doesn't matter at this stage whether you plan to process to mine Ethereum on AMD or nVidia) write the following text: "ethminer -G -S coinotron.com:3344 -O login.xal:password". Please note that additional program settings are required, you will need to enter a password with a login that you could receive during the registration process, and also save a text document with a different name, namely “start.bat” (no need to write quotes).
6. In order to start a farm consisting of video cards for mining, you will need to click on this file.

There are slightly other methods that are not suitable for all pools, but are used very often. Also, do not forget that in some situations you may need to install your own wallet. Here is a step by step guide for beginners:

Hardware setup

Before you start mining ether on nVidia, some tuning (overclocking) of video cards for mining should be done. The same can be said about any of the video cards from AMD, but for them it is not so important. We mention once again that it is impossible to mine Ethereum on the CPU, and indeed this component should not be used for such a purpose.

The top gaming graphics card GeForce 1080Ti is also a great tool for cryptocurrency mining

Note! We are often asked the question of whether it is necessary to pay attention to the manufacturer and the execution of the model in order to mine more efficiently on a video card. In fact, this is completely optional, but it is important to purchase those cards that, in addition to a strong chip, are equipped with a powerful cooling system, which will help extend the service life and not be afraid of overclocking.

There are two things that will help to achieve a significant improvement in results (this is not about any new software, because the mining program does not solve anything at all) - overclocking and flashing (this will help not only for nVidia). If everything is clear with overclocking, because we are talking about increasing power due to increased power consumption, then flashing remains something unclear for many. The essence of the flashing lies in the changes associated with the bios of the video card, which is quite problematic, so beginners should definitely not get involved with this, despite a significant increase in power.

Overclocking (overclocking) can give a significant boost to your hashrate

If you are going to mine on a video card, then you should know that flashing removes all warranty obligations from the manufacturer, that is, you will not be able to hand it over in such a situation. For this reason, we highly recommend that you do not resort to this method, and in the process you can make a lot of irreversible mistakes.

Pools

It is important to choose the pool wisely, despite the fact that capacities do not depend on it. It can affect whether you have problems with payouts and much more. It is also worth understanding that there will be practically no income on low-powered pools, because the search for blocks due to all the mining video cards will take a very long time. So which pool should you choose?

Here is a list of the main pools that don't even need a table to understand:

• cointron;
• coinmine;
• suprnova;
• f2pool.

On the pool website, anyone will find all the necessary information and start mining with all this equipment.

How else can you get Ethereum?

Using an ethereum miner is not the only way to get the cryptocurrency in question, because there are other methods. First, a few words should be said about cloud mining, because many have heard about this possibility. The method assumes that you will not purchase equipment by renting these capacities, which you will already direct to the mining itself. Even in the recent past, this method was suitable for mining Ethereum, but now it has almost died, because it practically does not bring profit, and taking into account all possible circumstances, you can even go at a loss.

We will also describe a service such as NiceHash. It was created to automate the mining process, and the cryptocurrency you mine will constantly change depending on the rate. But the main advantage of this method is not even that. The fact is that the resource involves a simple installation of one application, you do not have to analyze the situation on the market, suffer with the choice of a pool, with the installation of new programs and other things. We do not recommend this method just because NiceHash takes a huge commission.

Let's briefly mention trading, where Ethereum enjoys good popularity. Together with him, such cryptocurrencies and currencies as Bitcoin and the dollar have proven themselves well. The essence of the method is that you must analyze the situation on the market and the news background in order to predict the course dynamics. Thus, you need to buy coins cheaper on time and sell them on time, then you will make a profit.

Resources

• wallet - myetherwallet.com.
• coinotron – https://www.coinotron.com/coinotron/AccountServlet?action=home
• coinmine – https://www2.coinmine.pl/eth/index.php?page=login
• suprnova – https://www.suprnova.cc/
• F2pool – https://www.f2pool.com/

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