Mining For Ethereum ETH

Ethereum mining uses “Dagger-Hashimoto” algorithm for hashing, therefore the AMD video cards are better at memory-intensive workloads, but i’ll post the hash. This miner can mine other algo simultaneously, charges additional developer fee. Developer fee is 1% for Ethereum-only mining mode and 2% for dual mining mode. Mine ETH on Windows machines using nVidia or AMD graphics cards. Supports OpenCL and CUDA mining on Windows 7, 8, and 10. WinEth is a GUI miner.

People who say stop mining, sell your junk and buy Ether, you are quite transparent I wasn't telling him to stop mining, of course no one should stop mining if they are already up and running. OP was asking if he's late to the party to which he kind of is. There's also the immediate problem of can he even get any video cards right now? From what I understand it's sold out everywhere and even RX470 4gb are going for like $300 dollars right now on Ebay in used condition.

Mining For Ethereum ETH

If for some miraculous reason the OP has access to the video cards at retail price, he could basically double his money immediately by listing them on Ebay, then with that money buy ETH directly, at least this way you'll get a piece of the pie. Also the window available to mine ETH is getting smaller and smaller. If you really just want to build a mining rig out of curiosity then do it, but it probably isn't the best time to start.

Yes, i have read stories that Ethereum will go PoS and then GPU mining is dead for Ethereum, or the difficulty to mine on ethereum will increase. ZenCash ZEN Farming Wiki on this page. But you will always have something to mine with video cards. *I dont mine but I have a few rx 480- rx 570 and i want to start soon. If you have video cards laying around you should start mining immediately man.like you need to get off this website and start building your rig now.Or sell them on Ebay right now because people are paying ridiculous amounts of money for those cards and buy some eth. I have access to a warehouse of returned items from an online retailer, i can buy them pretty cheap. My question is do the gpu's have to be the same, for example rx 470, or i can use 3 470 2 nvidia, etc you are one lucky dude.

Bet you're going to get a lot of PM's for this post. You want to stick with the same brand, don't mix and match.

Wow, you are on a literal gold mine right now if you have access like that. EDIT: By brand I mean if you use AMD use all AMD for that rig and vice versa.

About this guide: Hey everyone! I've recently gotten back into the mining scene, and I've decided to mine Ethereum (or ETH). I've been mining Monero lately (which I might also set up a guide for at a later date) and has proven to be somewhat profitable. However, at this moment in time ETH is the most profitable coin to mine, whether it be to convert into Bitcoin (BTC) or into a fiat currency. Even though I have years of experience of mining under my belt, it was a hassle (to say the least!) on how to mine ETH. Why not put up an idiot-proof guide on Steemit so everyone can see how easy it can be to mine ETH? Follow these instructions coming up next, and you'll be mining ETH in a half an hour or less.

A little about Ethereum mining. ETH mining is ASIC-proof, meaning that only GPU's and CPU's can be used to mine ETH. CPUs, in all reality, is too cumbersome to use as a means to mining Ethereum; CPU's simply will not do the trick. AMD video cards are preferred and usually are more efficient, but you can also mine via NVIDIA cards as well. You can get a list of GPU's optimal for mining here: Alright, with that out of the way, let's keep this short and sweet -- we just want to mine ETH, we don't want to read a wall of text! BE SURE TO TURN OFF YOUR FIREWALL/ANTI-VIRUS OR ALLOW PERMISSION FOR ALL THINGS ETHEREUM! Downloads These are the download links that we will be using: Geth: Ethminer: Ethereum Wallet: Alright.

Now that we have the links, let's get started! Instructions • Create a folder somewhere that's easily remembered and name it 'Eth' • Download all the latest versions of the files above to your 'Eth' folder. • Rename the Geth download to 'Geth'. Rename Ethminer to 'miner' and rename the Ethereum wallet to 'wallet'. By now, everything should look like • Open up cmd (Win+R, type cmd). • 'cd' from your command prompt to your 'Eth' folder -- for myself, I typed in command prompt 'cd C: Eth'. This will be different for you depending on where you have downloaded the files.

• After changing directories to Eth, type 'geth account new' into your cmd. Enter a password to encrypt your wallet when prompted. • Navigate to your wallet folder, and open up the file 'Ethereum-Wallet.exe' on your computer. Wait for Ethereum to sync. Go get some tea or something. ( WARNING: The whole Ethereum blockchain has to sync, which is about a 30GB download. So most definitely get some tea while you're waiting).

• The download of the blockchain will, like I've said, take a little while. However, you now have an Ethereum address that is available for use. Copy it from your Ethereum Wallet. • In your command prompt, type 'cd C: Eth miner', or wherever your miner is saved to.

Use the following syntax, and enter this into the command prompt: ethminer -U -F (NVIDIA) ethminer -G -F (AMD) • Mine away! Happy mining! I hope this guide was easy enough for everyone to follow. Now, anyone has the ability to figure out how to mine Ethereum.

While it might seem complicated at first, with a guide like this, no way will you be steered in the wrong direction! So, what are you doing?

Try these 10 simple steps out, and start mining some Ethereum! Reply here for any questions. I'll be more than happy to help. PS: Guide on mining Monero on both NVIDIA and AMD cards, coming up soon.

GPU's are much more efficient than CPU at mining, but ensure that you calculate your profitability for your particular card based on its hashrate and your cost of power. The 7790 is a rather old card and only has 1GB of memory so hashrate may be low for the amount of power it consumes. If your power is free, then perhaps just throw whatever hardware you want at it and see what rates you can achieve. If its winter it can be a good way to warm the house:) Also you do not need to run them in crossfire, they should be picked up individually by the mining software.

Disabling crossfire can help reduce stability issues. Cloud mining all the way for me.

These are the sites I use! All Free Gh/s. Eobot - - Daily free faucet!! Number One & Most Trusted Fleex - - 100Gh/s Rapid - - 100 Gh/s CryptoS - - 20Gh/s MinerClub - - 15 Kh/s Nano - - 15 Khs Elite - - 5000 DogeCoin to start investing. Demix - - 5 Gh/s DogeMine - - 20 Kh/s I do not recommend you invest $$$ except in Eobot, more your time, in and internally generated Gigahashes Then cash out when you like the day returns!

Then send it over to Eobot to boost my account their. Please use the links so i can gain a small amount of Gh/s for your referral. Happy Mining. Nice article. Same mindset here.

It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins.

We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? I found this great website: Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more.

See: For the Ethereum Investment and research analysis.