Solo mining ethereum pool
The mining process is also the same as Bitcoin and also the other Altcoin. Requires device to mine it. Although, the level of speed and computing ability is also not maximal. Well, how to mine the ethereum discussed is how to do solo mining and also mine in pool pool mining.
In order to find out how the Ethereum concept goes, it is also worth trying out this solo mining method. Because basically the idea and concept of mining Ethereum can be much learned from this solo mining. If interested and want to try it, please follow the steps how to mine Ethereum following: First, we need a software to connect and communicate within the Ethereum network. This software is called GETH. Above use -G to mine with GPU.
If you want to use the CPU, then you can just delete -G. Love your post, upvoted! It reminded me of this guy last July: Satoshi Nakamoto Hero 2: Edward Snowden Hero 3: Want to Mine Ethereum? Download Geth select according to the OS you want to use. If using windows yes choose the windows.
Extract the downloaded file, then put the Geth file in the C: Password appears, enter to create a new account. Note that you should really remember the password. Because in CMD your password will not appear.
And this password is the password to lock your private key. Repeat Passphrase appears, repeat the password exactly. Then press enter Start to connect to Ethereum network. Type "geth -rpc" and hit enter. This process is to download the Ethereum blockchain and also synchronize the Ethereum network. If a firewall notification window appears in windows, click "allow access". Ok thanks, so solo mining is more of a lottery then.
Think I may start initially with pool mining and go from there. So when you use calculators like the following are they aimed at pools or solo mining? I copied the following example that seems to show you can profit with hash https: So, firstly I will state that solo mining will always be more profitable in the long long term.
That's because pools usually have a fee, and many pools don't pay out uncles and other items. However, I highly suggest that you stick to pool mining. The reason I suggest pool mining is there is much less luck involved and payouts are more consistent. One concern people have is when a pool goes down, they won't be making any money.
Ethermine has multiple addresses and backups you can connect to, which has never had an issue. Ethermine also recently had a reporting issue, where people were not getting paid out. They decided to retroactively payout anyone who was mining at the time of the outage.