How to mine ethereum efficiently on windows

Published 01.03.2020 в Analyse forex euro franc suisse

how to mine ethereum efficiently on windows

Ethereum is an open-source blockchain that is gaining popularity. We will discuss how to mine Ethereum in this article. ✓ Ethereum Classic can be efficiently mined with GPU and ASIC mining machines. ❌ Ethereum Classic cannot be efficiently mined with CPU cards. View our Miners. Answer: The top 5 mining software for Ethereum are NBMiner, Go Ethereum and PhoenixMiner, Go Ethereum, and Wineth. There is also the Cudo Miner. CSGO BETTING SITES 1V1 MINECRAFT

You can find a list of the best ETH pool mining platforms here. Solo Mining Another option is to mine Ethereum solo. With cloud mining, you rent mining hardware from a company that owns and operates it for you. Cloud mining also comes with a number of risks. The price of ETH could go down, and the difficulty of mining could go up. This would make it impossible to profit from cloud mining.

Additionally, some cloud mining services have been known to be scams. Always do your research before signing up for any service. If you want to go for a hardware one, Ledger or Trezor would be a great choice. Read more about Ethereum wallets here. Mining can be resource-intensive, and your profits will directly depend on the performance of your hardware. NBMiner This Ethereum mining software was designed by Chinese developers for Chinese miners, but it can also be used by miners from other countries.

It can establish an SSL connection to mining pools. NBMiner can be rather complicated to use, but the developers provided a very detailed how-to guide on this program on its GitHub page. PhoenixMiner While PhoenixMiner does not have the dual mining option, it can offer its users lower dev fees and a high level of stability. Windows OS is the easiest to use. You can hardly mine on Mac OS. If you use Linux, you probably already know how to mine better than we do.

You can connect to the Internet however you want. It goes without saying that the better the graphics card, the more it costs and the more profit it may bring. If you are curious which graphics card is the most profitable, follow this link. Some people say that PCs are not for mining: its graphics card and other parts would tear, lose the warranty, etc. In reality, there is no difference between mining on a rig and on a PC. Both have the same parts: the motherboard, processor, operating system, hard drive, and graphics card.

The only difference is that miners mount 6—8 or even more graphics cards to one computer as opposed to one graphics card in a regular PC , and leave the case open, sometimes also adding a few fans for better cooling. Mining on Laptop Things are a bit less optimistic with laptops. Graphics cards in laptops are usually less powerful than in desktop computers. In order to mine on a laptop, there is the same requirement: a graphics card with at least 6GB of RAM.

If you plan to use your laptop a lot for mining, make sure to take care of proper cooling. Laptop parts sit close to each other inside a small case. If a graphics card overheats, other parts would overheat too. Sooner or later they are likely to break. Get Bitcoin Wallet Address This step is crucial. You should understand that in the crypto business you are alone against the whole world. If you lose your wallet, nobody is going to help. Losing a Bitcoin wallet is like losing cash, if not worse.

You may get your cash back sometimes, but Bitcoin is impossible to get back. There are many other wallets on the market, and this is not an ad: Coinomi is just a reliable solution. It makes no difference where you install your wallet: it can be a smartphone or PC. Say, you decided to install the wallet on Windows.

Here is how you should proceed. Download the Windows version. Create a new wallet by choosing the Create a new wallet option. Important: Make sure to secure your wallet recovery phrase mnemonic phrase by writing it down on paper. Electronic devices won't do, especially those connected to the Internet.

When needed, you will be able to restore your wallet by using this phrase. Even if you delete Coinomi from your computer, you will be able to recover your wallet thanks to this phrase. Here is an example of a so-called mnemonic or seed phrase.

You can skip this step, but we recommend checking your mnemonic phrase. Create your wallet password. Coinomi is a multi-chain wallet, which means it can store other coins apart from Bitcoin. In this case, we need Bitcoin.

Put a mark next to Bitcoin and click Next to continue. Click on Bitcoin. Then Receive. Now you can see your wallet address. Our Bitcoin address is bc1qzdndm8jl6t79xkph8vvt6fkx4a8ntrnxz If you are installing the wallet to a smartphone, you should follow the same steps. Here you can find screenshots from an iPhone. The best thing about Coinomi is that you can use the same wallet on multiple devices.

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And in this question, it is important to consider many factors: Availability of equipment. Initial capital — the possibility of buying and assembling a farm or special equipment ICO. The cost of electricity. Complexity of the network mining. The cost of tokens when exchanging into fiat money. In addition, it is worth taking into account other less important, but still affecting the final result, factors: Exchange and withdrawal fees. Currency volatility.

Mining in a group or solo. To understand what equipment to buy, how to mine ETCs solo or in a group , what is the volatility of currency, what affects it and so on, you need to study the issue in detail. It is simply impossible to describe everything in one article, but we will consider the main points.

Leaving all of the above outlined and immediately answering the question of whether or not to mine ETCs, at the time of writing this article — it is worth it. And the profits are not bad at all. The equipment pays for itself within months depending on the capacity and cost of electricity in your country. However, you can estimate the potential profitability of mining Ethereum classic yourself using online-calculators.

One of the most popular is WhatToMine. Go to the site, choose Ethereum Classic altcoin and enter: The cumulative hash rate of riga video cards; power consumption; power cost; the commission of the pool. The calculator will give you the information about the estimated amount of coins to be earned during a day, week and month and will calculate the profitability of mining ETC at the moment.

What you need to start mining Mining Ethereum Classic does not differ from other cryptocurrencies. That is, in fact, all the settings are almost the same, with the difference that you set up mining ETC on a different pool, other tokens and a different wallet.

That is, you just specify the appropriate site and wallet addresses. To mine ETC tokens you will need: Access to a power grid. Equipment — here you have a choice: Build a farm on video cards — the advantage is that you can sell the cards you bought and recoup most of what you spent.

You can do this at any time. Buy ready-made equipment — the advantage is that initially it will be designed for efficient mining ETC, but with the increasing complexity of the network such a gadget will lose its merits. And after the device will work out its resource, you will not be able to sell it. A single farm on a few video cards is enough.

Software — so-called miners. A suitable pool. Pools for mining Ethereum classic At the moment there are quite a few groups called pools where you can do mining Ethereum classic. Choosing the best pool is quite difficult, especially since they are very similar to each other.

The differences, if any, are very small. It is by far the most popular. However, not everything is so smooth. There are quite ambiguous comments from users on the Internet. In defense, it can be noted that it is one of the most reliable groups. This is the reason why it has a wide popularity. Nanopool Nanopool is a new project that has quite big ambitions. Despite the fact that the service is new, yet within a short period of its existence, it has broken all records of popularity and surpassed the above-mentioned competitor.

It offers quite low commissions and favorable terms of cooperation. However, there is another side to the coin — in the case of any problems, do not rely on the technical support site. You will have to solve all the issues yourself. P2pool One of the most reliable pools that can compete only with such groups as Eligius and BitPenny. The group supports the possibility of both group mining and mining Ethereum classic in solo mode. In addition, it is worth noting the benefits of this service.

ETC 2miners A professional pool for experienced miners. Supports mining a wide list of cryptocurrencies. The group is quite new opened in , but already has a fairly wide popularity. This is because the crypto market is a very unpredictable place, and requires a lot of research and expectation management. Due to these and some other reasons, people often want to know how to mine Ethereum on Windows 10 or about the best Ethereum miner for Windows With a proper version of Windows installed, these mining rigs tend to be the go-to choice for most people who want to get into crypto mining and are willing to invest some money in the beginning.

This type of mining utilizes graphics cards or, rather, their GPUs to generate Ethereum over long periods. The more and better cards you use, the bigger the profit you can expect will be. The downside of this, however, is that good and effective GPU miners tend to be costly. The Ethereum that CPUs would generate would seem non-existent when compared to the electricity and cooling prices that would be required.

Why is CPU mining still even a thing, then? Well, simply because of its availability. Depending on your computer and its parameters, you could generate some profit or you might break even - but the most common scenario is a negative income month on end. ASICs Application-Specific Integrated Circuits are special devices designed for a specific purpose - in this case, the purpose is to mine cryptocurrencies. ASICs do have their downsides, however. When thinking about how to mine Ethereum on Windows 10 with the use of ASICs, you might soon realize that these devices are usually very difficult to come across.

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