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Things needed to get started with Ethereum mining

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In this post, we will show you how to get started with Ethereum mining. We will also discuss the hardware and software requirements, and give you a few tips on how to get the best performance out of your mining rig.

A computer with a powerful graphics card

The most important thing you need for Ethereum mining is a good graphics card. GPUs are more efficient at mining than CPUs, and Ethereum is designed to be mined on GPUs. You will need a powerful GPU in order to make a profit from mining Ethereum. The best GPUs for mining Ethereum are the AMD RX 580 and the Nvidia GTX 1070.

Ethereum mining software

The next thing you need is Ethereum mining software. There are a few different options available, but we recommend using Claymore’s Dual Ethereum GPU Miner. This software is easy to use and has a great interface. It also supports both AMD and Nvidia GPUs.

Ethereum account

  1. To get started with Ethereum mining, you first need to create an Ethereum account. You can do this by visiting the official Ethereum website and clicking on the “Create New Account” button.
  2. Next, you will need to enter your email address and password. Make sure to choose a strong password that is difficult to guess.
  3. Once you have created your account, you will need to download the Ethereum mining software. You can find the latest version of Claymore’s Dual Ethereum GPU Miner here.
  4. After you have downloaded and extracted the miner, you will need to open the “start.bat” file in order to start mining.
  5. Finally, you will need to join an Ethereum mining pool in order to start earning Ether. We recommend joining one of the pools listed above.

By following the steps above, you should be able to get started with Ethereum mining easily and profitably. Happy mining!

Ethereum mining pool

Ethereum mining pools are groups of miners who work together to mine Ethereum. By joining a mining pool, you can increase your chances of earning Ether. The best Ethereum mining pools are:

  • Ethpool: This is a public Ethereum mining pool that is owned and operated by Bitmain. It has a hash rate of over 17 TH/s.
  • Ethermine: This is a private Ethereum mining pool that is run by the mining software company, Nanopool. It has a hash rate of over 4 TH/s.
  • Dwarfpool: This is a public Ethereum mining pool that is owned and operated by the cryptocurrency exchange, Coinbase. It has a hash rate of over 2 TH/s.

An Ethereum wallet

You will also need an Ethereum wallet in order to receive your mined Ether. We recommend using the official Mist wallet. Mist is a secure and easy to use wallet that is developed by the Ethereum Foundation.

A digital currency exchange account (optional)

If you want to convert your mined Ether into another currency, you will need a digital currency exchange account. We recommend using Coinbase. Coinbase is a secure and easy to use platform that allows you to buy, sell, and store cryptocurrencies.

How to mine Ethereum

The first step is to download the geth client, which is the program that allows you to mine Ethereum. You can find the latest version of Geth on the Ethereum website.

Once you have geth installed, open a command prompt and type: geth –mine –minerthreads=4

This will start mining with four threads. If you want to use more or fewer threads, simply change the number accordingly.

How long to mine 1 ethereum

To mine one Ethereum it would take about 18.5 million seconds or about 3 years. This is based on the current mining difficulty and the current block reward. These numbers are subject to change, however, so keep an eye on them if you’re planning on mining Ethereum.