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! 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. 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!
Rename the Geth download to "Geth". Rename Ethminer to "miner" and rename the Ethereum wallet to "wallet". By now, everything should look like. 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. Wait for Ethereum to sync.
Go get some tea or something. 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: Use the following syntax, and enter this into the command prompt: 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! When I installed my wallet, it did not ask me to create a password. The address I was given in Geth is different to the one in my wallet but slightly similar.
Cheers for any help. I would like to point out I am mining now, thanks to you, and while I do not yet have ether in my wallet, I can see the balance in my pool less that 0. Finally, your guide gives no option on mining etc v eth, while many others do. Am I mining eth with your guide?
Use your wallet number and take a look at it here http: Hope it helped somebody out, at least. Hard to compete with all the top sponsored posts. If anyone has any questions, let me know! Part 2 is also coming very soon!
Just syncing blockchain for ETH now. I am now finally mining away! I'm going to finish up these instructions and complete the guide. Hope this has helped someone out there.
If I've helped at all or you just wanna be a good sportup-vote us little Steemits! Hey brother, on the last step I am being told in my command prompt "'ethminer' is not recognized as an internal or external command, operable program or batch file.
I have a pair of s laying around and a dual PCIe board also doing nothing. Am I going to be able to crossfire these, run two instances of eth, or should I separate them altogether?
I also have a pair of s laying around too What are your thoughts? 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 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. Do you know where the wallet program saves the blockchain data? It's clogging my HDD and it didn't give me a choice as to where to save that data.
I want to farm, but this is ridiculous. Is mining bitcoin easier? Hey I have a question. Does Ethereum wallet ever gets fully synced? I set up mining process successfully and got it to work after solving antivirus problems that 5 times removed ethereum.
I'm just curious about this wallet sync. Well I was waiting for it to let it sync but it took days, and still not synced, so I started. Pool mining is pretty fool proof. Cloud mining all the way for me. These are the sites I use! Then send it over to Eobot to boost my account their. Thanks for your post. Wondering if mining is still profitable? I've been thinking of doing it with a GPU system. I've been skeptic due to increasing difficulty in mining and with Ether moving to PoS.
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: Wanted to introduce this open source 1 click miner I have created for Ethereum, Zcash and many others called OneMiner. Would be great to get your feedback on this. When I type ethminer -U -F http: Hey thanks for this guide, everything is working until the very last step, I get the following error code 'ethminer' is not recognized as an internal or external command, operable program or batch file'.
Which probably means the directory is incorrect, but I am really sure that my directory is in fact correct. A little about Ethereum mining. Downloads These are the download links that we will be using: 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.
Reply here for any questions. I'll be more than happy to help. Authors get paid when people like you upvote their post. Hi When I installed my wallet, it did not ask me to create a password. Thank you for the information. Hi - let me invite you to ethereum community based price estimation https: I have an iMac: It did for me, took a while, what sort of connection do you have?
Oh - and you should only mine after you sync, could be your issue. This is for joining a mining pool, it isn't the same as solo mining. Is this a question. If not, please elaborate. I'd like to learn solo ether mining.
That is an interesting method for making trade decisions. How to buy ripple - best way to buy btc - Gavin Marshall Dentists. Itвs not possible to be 100 accurate with all your trades so itвs important to manage risk.