Beginner’s Guide to Ethereum Mining in 2017 – How to Mine Ethereum on Your PC?

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Last updated on August 15th, 2017 at 11:06 pm

Getting Started with Ethereum Mining the video guide

The good news is that getting started with Ethereum Mining is now easier than ever.  You do not need to download the full Ethereum blockchain, which is now over 20+ GB’s and still growing!  You also do not need to manage clunky command line miners with manual instructions.

For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner.  Get the current version here from Claymore’s original Bitcointalk thread and then follow along with the steps in this video.  The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes:

If you’re new to mining Ethereum, this guide covers all the important facts in a simple, low-jargon way. Let’s start with some short answers to common questions about Ethereum mining:

Q: Why should I mine Ethereum tokens (aka ether or ETH)? doesn’t mining Ether take up a lot of electricity?

A: If done properly, more money is earned by selling mined ETH than is spent on electricity. In other words, it’s profitable! You can check out the profitability with our Ethereum mining calculator.

Q: Can I mine with my CPU (Personal computer’s processor) instead of an expensive graphics card (GPU)?

A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes.

Q: What’s the best GPU to use for getting the most ETH for the least electricity?

A: AMD cards tend to edge out similarly-priced NVidia cards in terms of efficiency. We cover the best cards to get under the heading “GPU Hardware” further down in this post.

Q: Why point your GPU towards a mining pool as opposed to solo-mining?

A: Unless you throw a fortune into mining hardware, your odds of generating ETH on your own are low. Pool-mining allow you to earn ETH in a regular and predictable way.

Q: How do I get started with mining Ethereum?

A: If you’ve got a suitable GPU with at least 3GB RAM, it’s a quick and painless matter of making some tweaks in Windows, installing the mining app then entering a few settings from your chosen pool’s website. Further details are available in the Getting Started with Mining section.

Q: What miner should be used to easily mine ETH?

A: Previous versions of this guide referenced an old program (AlethOne) that is no longer in use – please see Step X where we discuss using the Claymore Miner.

Q: What are the OS requirements for mining?

A: This guide covers using Windows 10 (make sure it’s 64 bit).  There are also various distros of Linux that can be used (not covered here).  But Windows is the easiest to configure and get up and running fast.  There is no Mac version at this time.  

Q: The Ethereum Mist wallet is not sync’ing for me, can I use any Eth wallet address for mining?  

A: You can use any ETH wallet address for mining, but some exchanges do not allow mining or do not allow very small deposits so double check with the site if mining directly to a web-deposit address.  A good alternative to downloading the full Mist wallet and Ethereum blockchain is MyEtherWallet.com, which still allows you to manage your Ether wallet address and maintain control of your private keys (which is important for security and/or wallet backup and restoration if needed).  

Q: Aside from the GPU, what are the rest of the system requirements for my Windows Mining Rig?

A: There could be a very lengthy post on all the hardware requirements and considerations, but to cover the important things at a high level, here are some primary considerations:

 – Your Windows 10 OS should be a 64 bit installation

 – You want to get a motherboard with enough PCI-E slots to support the number of cards you are running.  

 – If using more than one GPU, you’ll want to get a powered pci-e riser for each additional GPU

 – For Power Supplies, you want to double check that your PSU has enough connections to support the number of GPU’s you are running and enough overall wattage to support your total system power draw (and to give yourself some buffer of at least 10-15%). A helpful site for identifying how many 6 or 8 pin PCI-E power connections your GPU will require is here (Realhardtechx.com) and to get a sense of your overall system power draw, this is a good power consumption calculator (outervision).  Pro Tip: if building multiple rigs stick with the same brand PSU as you can use extra cables on your other systems if needed (e.g. I use only EVGA G2 PSU’s so if I have extra VGA, sata or molex cables from one build I can use them on another build).

 – You want to get a simple low end CPU and at least 4GB of RAM – Tip: make sure your motherboard, CPU and RAM are compatible (i.e. LGA 1151 motherboards need an 1151 socket CPU, and DDR4 RAM / LGA 1150 motherboards need an 1150 CPU and DDR3 RAM)

 – Don’t forget a power button!  Pick up a simple PC power button switch which connects onto the headers of the motherboard so you can turn your system on/off

 – A standard keyboard, mouse and monitor are needed.  If managing your rig remotely (not covered here in this beginner guide) you will want to get a headless hdmi dummy plug to plug into your rig so it boots into Windows properly for remote access.  

Q: What are the other options for mining Ethereum like with specialized ASIC hardware, gaming laptops, or Virtualized environments?

A: As long as your system meets the general requirements and has at least one GPU with at least 3GB of RAM, you can mine Ethereum.  Some Gaming laptops do have high end cards, but with the considerable heat generated from mining there could be other impacts to your laptop so it’s best to go with a desktop build.  Virtualized environments that you can rent usually do not have enough powerful dedicated GPU in them, or are simply not profitable if they do.  There are currently no ASICs for Ethereum (as it is designed to be an “ASIC Resistant” Proof Of Work hashing algorithim, so if you see ads for one – RUN.  ASIC’s are still profitable for mining some coins (Bitcoin, Dash and Litecoin), but for home built Mining Rigs, Ethereum and other altcoins are still profitable to mine (whereas Bitcoin is not profitable on a home pc – even with many powerful GPU’s do the Bitcoin ASIC technology available).

Q: I can’t seem to find any good GPU’s for sale – can I just try out one of these Cloud Mining sites I’m seeing?

A: 99.9% of Cloud Mining sites are Ponzi schemes or fractional reserve Ponzi’s.  Even though there are a few that have been around a long time, there have been no 3rd party audits of the hashing power sold and profits are usually very low unless you are promoting heavily and getting others to join in (another red flag of ponzi related activity).  Short Answer – Our advice is DO NOT buy into Ethereum Cloud Mining sites or related Deposit Investment/HYIP programs.  

Here are some good reasons to mine Ethereum:

  • Mining can be a great way to subsidize the purchase of a new, high end GPU (or two or three…).
  • As Ethereum is easily traded for bitcoins (BTC), it’s a cheap way to slowly build up a hodling position in Bitcoin. Many influential people are very bullish on Bitcoin’s prospects for 2016 and later.
  • BTC can be easily sold for cash so, indirectly, mining ETH can be a good way to fill up your bank account or earn cash. ETH can also be sold directly on several major exchanges, such as Bitfinex, BTC-e, Kraken, Gemini and Coinbase.
  • Mining can be a cheap entry ticket to the Ethereum markets, loved by traders for their high volatility. If you’re a good and / or lucky trader, you can maximize your profits.
  • Building a large ETH position now, in the Proof of Work mining phase, will enable you to earn interest on your holdings if / when Ethereum switches to a Proof of Stake
  • If you believe in the Ethereum concept (despite the failure of the DAO and doubts regarding the viability of Ethereum’s approach), you can support and gain voice in the Ethereum network through mining.

Some of the above terms in bold probably require further clarification for cryptocurrency newcomers. Let’s start with the Ethereum blockchain; the distributed digital ledger which you actually mine.

Ethereum Blockchain Basics

All transactions in Ethereum (and other cryptocurrencies) are encapsulated within discrete blocks. These blocks are comparable to the batches of transactions which banks send to each other, except in Ethereum they occur every 15 seconds (on average). Blocks are identified by their “height,” starting from 0 and incrementing sequentially until the current block.

Here’s how the mining process serves to create, verify and record blocks:

  1. Miners listen for transactions over the network and amass all they consider valid (in terms of fees, code and the accounting history of who controls which coins) into blocks.
  2. Miners expend electricity hashing that block with the processing power of their GPU(s). A successful hash result produces produce a unique Proof of Work (PoW) proving that the miner worked on that block.
  3. If the rest of the network accepts the hashed block as valid, the block becomes part of the permanent consensus on valid transactions, known as the blockchain.
  4. The miner receives 5 ETH plus all transaction and code-processing fees (aka gas) contained in their block, plus a possible bonus for any uncles they include.

How Ethereum’s Blockchain Differs from Bitcoin’s

Ethereum uses a different hashing algorithm to Bitcoin, which makes it incompatible with the special hashing hardware (ASICs) developed for Bitcoin mining. Ethereum’s algorithm is known as Ethash. It’s a memory-hard algorithm; meaning it’s designed to resist the development of Ethereum-mining ASICs. Instead, Ethash is deliberately best-suited to GPU-mining.

Hashrate, Difficulty and Price

Total network hashrate has been climbing rapidly since Q2 2016. A dip occurred on news of the DAO crisis but hashrate has since recovered. Things were relatively quiet until around Q2 2017 where everything Crypto related absolutely boomed, especially Ethereum as it facilitated a wave of new projects and ICO activity.   This chart from Etherscan tells the story:

Etherscan Hashrate Chart

So if the amount of hardware dedicated to Ethereum mining is rising, why aren’t blocks being mined ever more rapidly, such that the average 15 second block time has decreased?

The answer is Difficulty. By automatically adjusting the computational difficulty of solving a block, the Ethereum blockchain is able to maintain ~15 second intervals. You’ll notice Difficulty closely tracks hashrate and it too has seen exponential growth this year:

Etherscan Difficulty Chart

The next obvious question is why hashrate and difficulty have been rising in the first place? There’s a simple economic driver; price!

ether price
Daily chart of Ethereum’s US Dollar value, courtesy of
Trading View

The takeaway here is that hashrate has followed (with some appreciable lag) the ETH price explosion, which began in late January 2016, saw some downturn in late 2016, but then exploded again in Q2 2017.  What an amazing bull run! Up to almost $400 USD from just $10 USD in a few short months.

Calculating Ether Mining Profitability

With a clearer understanding of the Ethereum blockchain and important concepts like Difficulty, it’s time to perform some economic calculations:

First, head over to Etherscan’s Mining Calculator, which provides up-to-date figures for the current price, block time and network hashrate (as measured in Gigahash per second aka GH/s; denoting billions of calculations per second):

Ethereum mining

Second, copy these figures into the Cryptowizzard Mining Calculator, a more sophisticated calculator which allows you to set your electricity costs, which are critical to determining profitability. Unfortunately, this calculator doesn’t automatically retrieve the current price, hashrate and block time. So, we copy those over:

calculate eth

Third, select the Graphics card you intend to use for mining. The calculator automatically enters the correct hashrate and power consumption. If your card isn’t listed or you’ve modified its performance, select the Custom option and enter the relevant figures manually. Note that GPU hashrates are entered in (Megahash per second aka MH/s; denoting millions of calculations per second).

The fourth and final step is to enter your electricity price, as shown on your utility bill or this list for the USA or this list for elsewhere. The results will be displayed below:

eth mining results

These figures will change based on when you run this analysis, but for purposes of the example here we would net 109 ETH annually. If sold at the current price, $1537 will be earned from which we subtract the electricity cost of $493. This nets a respectable profit of $1045.

From that $1045, several subtractions may be required:

  • mining pool costs, which generally run around 1% plus a 1 ETH payout fee,
  • the purchase price of the example Radeon HD 7990, which is roughly $700,
  • depending on your intended setup, it may be necessary to buy a new Power Supply Unit (PSU) to run your hardware. An electrically-efficient PSU costs more but saves on power costs over the long term.

Profitability Warning

Difficulty is likely to continue its established rising trend (and could spike on the release of more efficient GPUs) and price is extremely unpredictable (and may crash if the market dislikes Ethereum’s solution to its on-going DAO crisis). Further, Ethereum is scheduled to switch to a Proof of Stake model at some unspecified date, meaning it will no longer be mineable.

Before any serious outlay of capital, further research into Ethereum’s prospects is warranted. While GPUs may be set to mining other coins and their costs partially recouped through resale, GPUs depreciate rapidly. This is especially true of cards put to the constant, intensive work of mining.

Choosing your GPU Hardware 

Experimentation with various GPU selections in the calculator will reveal a card with the best price to performance to power consumption combination (expressed as MH/s per Currency Unit). Keep in mind that AMD cards outperform NVidia for cryptocurrency mining purposes.

The card should have at least 3 gigs of RAM or it won’t be able to properly mine Ethereum. This is due to the growing DAG file (directed acyclic graph) used in the Ethereum Proof of Work hashing process.  

Pro-tips: check out the following GPU’s: AMD Rx 470/480 Rx 570/580, AMD R9 range, HD 7990 / 7950 (if used cards are available, try to get them from a gamer instead of a miner, with a warranty if possible).  For Nvidia, look at the 1060 / 1070 / 1080 series cards.  As with everything, do your own due diligence to evaluate GPU’s based on their hashrate, power requirements, availability and price. 

Rx470 gpu mining

For a solid budget card, the Rx 470 with 4 gigs of RAM is recommended (when in stock and not at ridiculous over-inflated prices due to the card shortage like we’re seeing right now in the summer of 2017).

 

AMD RX Series: The Game Changer.

AMD introduced their new 14 nanometer (nm) RX series card at a hard-to-resist $200 price in 2016 and crypto currency mining became much more profitable as the smaller 14nm fabrication process gives this card impressive performance and low power consumption.

It has become the new standard in Ethereum mining and with the huge price explosion the demand for these cards have far outpaced supply and created an extreme GPU shortage, resulting in much higher GPU prices.  That said, if you shop carefully, set up auto-notifications/alerts and have a little luck you can get some of the AMD RX series cards.

amd rx 480

Check out r/AMD for the latest info and rumours!

Mining Ethereum on your PC (Windows) –  the text guide

If you’re reading a newbie’s guide to Ethereum mining and have a GPU powerful enough to make it worthwhile, we’re going to assume you’re running Windows so we’ll focus on mining Ethereum on that platform.

1. Get Your Video Card Drivers Installed

AMD GPU’s:  Head over to amd.com to download your GPU drivers.  Go to amd.com then choose “Support & Drivers” – enter in your GPU information and click “Display Results”

AMD Driver

You can click the Download button for the current driver or choose “Download Previous Drivers & Software” on the right hand side which will allow you to choose older versions that are known as great drivers for mining based on your cards such as:

R9 and older – use 15.12

RX 4XX Series – use 16.9.2 or 16.10.3

RX 5XX Series – as these are newer I’d recommend going with current driver for now

AMD Driver2

Nvidia GPU’s:  To get the latest Nvidia GeForce drivers go to https://www.geforce.com/drivers and then enter in your card info and click “Start Search” and then download the current version from the results.  

Nvidia Driver

Install your GPU Drivers like you normally would (Next, next, Ok, etc.) and reboot.  Afterward, you know your GPU’s are recognized correctly if you go into Device Manager (search in Windows search bar) and you don’t see any warning marks on your GPU’s and it shows them correctly like this:  

GPUs in Device Manager

Troubleshooting tip:  Some miners have had success installing all GPU’s at once and then installing the drivers.  Others prefer to install only one card, install the drivers, shut down the system and then install the rest of the GPU’s and then just let them all be recognized by Windows (you’ll feel the system lagging, some flickers, or brief black screens while each card is detected by Windows).  

I’ve had success both ways and so if you run into an issue with one method delete the drivers and try the other method.  And if you do need to remove your drivers use the DDU (Display Driver Uninstaller) program from Guru3d.com to remove everything cleanly and then start over.  

2. Get an Ethereum Wallet Address – Install Ethereum

(or jump to Step 5 and use MyEtherWallet.com)

You can follow Steps 2-4 to download the official Ethereum Wallet, but you do need to wait for the full Ethereum blockchain to sync.  To skip this and get going much faster, jump down to Step 5 and create a wallet using MyEtherWallet instead.  

If you’re not used to the command line (aka “DOS mode,”) it’s recommended that you download Mist, with its friendly and familiar GUI (graphical user interface):

mist

The Mist package contains the Ethereum wallet which you’ll need to receive any mining profits. Mist also includes an Ethereum browser with various functions, such as messaging and a social network and tutorials. As a tip, these tutorials and the social network are helpful learning resources. Don’t be scared to ask the Ethereals if you’re experience difficulty with any part of this process.
To download Mist,
head over to https://github.com/ethereum/mist/releases and select the most recent release. In our case it’s 0.8.0:

Ethereum Download1) Select the latest release, it’ll have the highest number.


Choose mist2) Scroll down to the Downloads. 
You can choose Mist or the standalone Ethereum Wallet.

download file3) Choose a memorable download folder for the “Ethereum Wallet” zip file. Extract it with a suitable file extraction tool, navigate to the new folder the extractor creates and then locate and run the Ethereum app.

3.  Get the Blockchain

The next step is to hurry up and wait, as the Ethereum blockchain downloads and syncs. It’s over 10 gigs so this process may take a while…

When it completes, spend a few minutes to familiarise yourself with the Mist app; the interface is fairly self-explanatory. The Mist app isn’t yet fully polished so expect a few bugs.

4. Setup your Wallet

Next, open the Ethereum wallet and generate a new account and contract based wallet. This wallet will contain the payout address at which you’ll receive mining rewards from your pool or directly from the blockchain.

Ethereum account1) Add your new account, give it a memorable mining name. Store the password securely!

add wallet

2) After generating the Account, add a wallet and write down or copy to a text file the unique address. This address will start with the characters “0x”. It’s necessary for receiving ETH mining rewards!

A Note on Geth

Mist also contains Geth, a popular command line interface. You may choose to get only the latest Geth app for your system, it’s able to perform all the functions of Mist (and more) from the command line. Geth (an abbreviation for “go-ethereum”) allows you and your miner to interact more directly with the Ethereum network but Geth definitely requires some programming knowledge.

As you become more proficient in Ethereum mining and coding, Geth will become more useful to you, but for now this is not recommended as the easiest path to getting started with Ethereum mining.

5. Install a Wallet from MyEtherWallet.com

Head over to MyEtherWallet.com (Note: Please beware of phishing websites. Do not enter your key on a website you arrived at by clicking a link. Always triple-check the domain. The real site is MyEtherWallet dot com)

Enter a strong password and click “Create New Wallet”:

MyEtherWallet Step1

Download your “Keystore File” and click the “I understand. Continue.” button.

MyEtherWallet Step 2

Save your Private Key provided.  A good practice is to open a notepad and enter in your info – password, private key, and your Ethereum address (which you’ll get shortly), and save that text file along with your Keystore File, in an Encrpted file (using WinRar or similar program) and then store a copy of that on a USB drive or cloud drive and delete the individual files (storing only the encrypted file digitally).

MyEtherWallet Step 3

Click on Save Your Address and then select the “Keystore File” radio button and then click on “Select Wallet File”, browse to your recently downloaded Keystore File (which starts with “UTC…”) and select it.  

MyEtherWallet Step 4

You’ll then be prompted to enter your password again…

MyEtherWallet Step 5

And then once unlocked you can scroll down and see “Your Address” – this is your Ethereum Wallet address that we will use for mining.  Save it to a separate notepad text file and save it on your Desktop for easy access (Note: it’s okay to share this address as this is how people will send you Ether and how you will receive your mining payouts, but Never share your Private Key!).  

Coins sent to this address can be sent from MyEtherWallet to any other Ethereum address (on an Exchange for example, to convert to Bitcoin, cash, etc.).

MyEW5

6. Download the Claymore Ethereum Miner

We are going to be using the very popular Claymore Miner.  Get the current version here from Claymore’s original Bitcointalk thread and download the current version from the Google or Mega download links he provides (don’t use other people’s links).  The current version as of the time of this writing is 9.6 and you’ll want to get the Catalyst and Cuda version (not the Linux version).  

Claymore BitcoinTalk

Note, when downloading the Claymore Miner Windows may provide a warning, but if you used Claymore’s download link can you ignore this.  He is a well-respected developer who has been building crypto miners for many years.  

Once downloaded, Extract the folder to your Desktop for easy access.  

7. Tweak Some Windows Settings Before Mining

  • Some settings should be modified in Windows to get you ready for mining.  First, you don’t want your computer to go to Sleep as it will interrupt your mining so go into your Power Settings and set it to “Never” turn off/sleep.  
  • Next you want to modify your system page file and manually set it to 16384 MB (this is 16GB).  
  • To minimize the disruptions to your mining and settings you may want to also disable Windows Updates.  If you feel more secure leaving them on, you can do so and just understand there are very frequent updates that sometimes reboot your system without you’re involvement and therefore stop your mining.   
  • If you are running Windows Defender or some other anti-virus program, add an exception to it so that it does not flag the Claymore mining executable “EthDcrMiner64.exe” as a virus or try to disable/delete it.  

8.  Join a Mining Pool and Configure your Mining Bat File

The next step is to setup pool mining, as solo-mining is unlikely to make you any Ethereum unless you have a warehouse full of GPUs. Your first step will be to choose an Ethereum mining pool. There are plenty to choose from but we recommend Nanopool or EtheremineThe home page or help section of a mining pool site most likely contains instructions on how to mine on their pool using the popular Claymore miner.  

Directly on the home page of Ethermine.org you’ll see a section called “Stratum mode using Claymores Miner”.

Open your Claymore miner folder on your desktop and right click on the text file called “Start” and choose “Edit”.

Then go to the Ethermine site and highlight and copy all the text in the first box under “Then start your miners by…”

Ethermine Instructions

Depending on your location, you want to connect to the closest server to you and update the server string of text for the server:

:eu1.ethermine.org4444

To the most appropriate stratum server for you based on your location:

North America (East): us1.ethermine.org:4444 or us1.ethermine.org:14444

North America (West): us2.ethermine.org:4444 or us2.ethermine.org:14444

Europe (France): eu1.ethermine.org:4444 or eu1.ethermine.org:14444

Europe (Germany): eu2.ethermine.org:4444 or eu2.ethermine.org:14444

Asia: asia1.ethermine.org:4444 or asia1.ethermine.org:14444

I’ll update mine for the US East Coast, so inside your Text file you should now have:

setx GPU_FORCE_64BIT_PTR 0

setx GPU_MAX_HEAP_SIZE 100

setx GPU_USE_SYNC_OBJECTS 1

setx GPU_MAX_ALLOC_PERCENT 100

setx GPU_SINGLE_ALLOC_PERCENT 100

EthDcrMiner64.exe -epool us1.ethermine.org:4444 -ewal <Your_Ethereum_Address>.<RigName> -epsw x

 

Now replace “<Your_Ethereum_Address>” with your Ethereum Wallet address (which starts with 0x…) so copy that from your other text file and paste it here.  Then replace “<RigName>” with any name you would like to create for your miner.  We’ll use “MiningRig1” for our example, so you now have:  

setx GPU_FORCE_64BIT_PTR 0

setx GPU_MAX_HEAP_SIZE 100

setx GPU_USE_SYNC_OBJECTS 1

setx GPU_MAX_ALLOC_PERCENT 100

setx GPU_SINGLE_ALLOC_PERCENT 100

EthDcrMiner64.exe -epool us1.ethermine.org:4444 -ewal 0x46064Df3e898488B19bC985A0973be51698bD6bb.MiningRig1 -epsw x

Now save your file as Batch file with the bat extension.  Choose File > Save As and then in the box, choose a name for it and then type “.bat” after the name, and in the Save as type box, make sure you select “All Files”, and then click Save.  Congrats, you now have a batch file ready to mine!  Create a shortcut for the new Bat file and send it to your desktop.  You can then delete the text file version of the file.  

Saving Bat File

9. Start your Miner!

Double click your Bat file to start the miner.  The miner will start, run the setx commands to set those environment variables, initialize each of your GPU’s, build the DAG file on each of your GPU’s and start hashing away.  Let it run for about 20 seconds and then click “s” to have it show your Hashing speed.  You can use that back in the calculator again to determine a more accurate representation of your earnings.   

To monitor your earnings on the pool, go back to Ethermine.org and up at the top paste your wallet address into the Address window and click the Check Status button:

Ethermine CheckStatus

We hope you find this guide useful!  If you run into any issues or have questions, please comment below and we will try to help.  Note, we are not covering more advanced steps of mining such as overclocking and undervolting, bios flashing, remote access and monitoring, or Dual mining.  If you want If interested in taking your mining to the next level from here, sign up for Crypto Mining Academy, where I go into massive depth and detail at every step of this process in a comprehensive course.  Happy Mining!  

Ian MacpheeThis article was update on July 2017 by Ian MacPhee (see details at the end of this post). For additional info my username is Techman34 (on the Ethereum forum) or contact me at [email protected]  

Steven Hay

I'm a former futures trader. My keen interest in matters financial, economic and political eventually led me to conclude that the current, debt-based fiat system is broken. It was a natural step from there to investing in gold and, in early 2013, Bitcoin. Although I'm not very technical, I've learnt about Bitcoin through study, asking questions, running ecommerce and marketing sites and working as a journalist. I've always loved writing and my current focus is on creating guides which inform others about Bitcoin's advantages.
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131 Comments on "Beginner’s Guide to Ethereum Mining in 2017 – How to Mine Ethereum on Your PC?"

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Mike Peterson
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Mike Peterson

Hi,

Does GTX 1080Ti mean more money per day over the smaller Cards?

:)

Ian
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Member
Ian

Yes and no. Meaning, it’s more about the cost per hashrate for the coin your mining. Use a site like whattomine.com or coinwarz to see earnings for various cards and then shop for them at their lowest prices and divide cost by hash to find the card with the most bang for your buck. So in your example the 1080Ti may have the highest overall hash, but at a much higher cost premium. For Nvidia, you are probably better off with a 1060 6Gb or 1070 on sale.

Mike Peterson
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Mike Peterson

According to coinwarz below are their top 3 profitable points to mine.

Cation pays $8.57 which $2.40 goes to electricity which leaves you with $6.17
BitCoin pays $12.09 which $6.24 goes to electricity which leaves you with $5.85
Curecoin pays $11.61 which $6.24 goes to electricity which leaves you with $5.37

I did not see any info on what cards to get for mining these coins. Please can you inform me what cards to use.

Mike Peterson
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Mike Peterson

My electricity is free or should I say built into my rent… please can you let me know what the best set up would be to make the most $$$ per day currently is. Thank you…

Khoi Vuong
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Khoi Vuong

I apologize for asking this, but what would happen if I used the 0x address of my account for the miner and forgot to make a wallet contract on Mist? I have been mining for a few days and didn’t realise it

Ian
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Member
Ian

No need to apologize Khoi. If you have a 0x wallet address you are good to go. You do not need to make a wallet contract on Mist. I prefer to use MyEtherWallet.com which I highlighted in the guide as you can interact with your wallet directly through their interface, and it does not require you to download Mist or the Ethereum blockchain. Cheers,

steve
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steve

everything is going well, how do i know how much i am making or if i have gained any ETH?

Tom
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Tom

input everything into the .bat file but im getting a “Missing option file value after -ewal option” message come up

Francisco
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Francisco

I did get the same message.
In the tutorial, the content of “Start.bat” shows that the las config line should be like this:

EthDcrMiner64.exe -epool us1.ethermine.org:4444 -ewal 0x46064Df3e898488B19bC985A0973be51698bD6bb.MiningRig1 -epsw x

The entire line does not enter in the web page. In the .bat file it needs to be in the same line.

I hope you understand, English is not my first language.

Ian
Member
Member
Ian

Double check your wallet and pool info or post it here so we can take a look at it for corrections.

Khoi Vuong
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Khoi Vuong

I’m sorry if this gonna sound like total stupidity, but after I setup and ran the miner, how do I know that i’m mining? Like, is the only way to check is to check on ethermine? Because in the cmd screen of my miner, it keeps saying “New job from” and then it shows my system specs and total shares and rejected. If the total share goes up, does that mean i’m mining?

Ian
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Member
Ian

Yes, your share count will go up (shares found but more importantly you want to see shares accepted in green font) and it will also show you your hashing speed by card periodically as well or press “s” while it’s mining to see your statistics.

Khoi Vuong
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Member
Khoi Vuong

is it possible to config it so that I can mine Eth on Ethermine and mine Dcr on suprnova?

Ian
Member
Member
Ian

Absolutely, dual mining syntax examples can be copied from Claymore’s bitcointalk thread linked in the article and then updated for your pool and wallet address. However, I don’t recommend it long term due to the extra strain on the card and increased power draw.

Khoi Vuong
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Khoi Vuong

I apologize for asking this, but what would happen if I used the 0x address of my account and forgot to make a wallet contract on Mist? I have been mining for a few days and didn’t realise it

Khoi Vuong
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Khoi Vuong

Thank you very very much for your input.

Dillon New
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Dillon New
I have a 750TI and i followed all the steps in the video above but i am getting the error that my GPU failed “CUDA error – cannot allocate big buffer for DAG. Check readme.txt for possible solutions.” I believe it to be my dedicated graphics memory on my GPU cause it says i have only 2048 dedicated video memory and a shared system memory of 4087 with a total overall Available amount 6135. I also read that 750ti’s video memory degrade after a certain usage point…not sure toabout the truth to that. Any advice to help me get past… Read more »
Ian
Member
Member
Ian

You need a GPU with 3GB of Ram for mining Ethereum but you can mine Zcash with that card as shown in this guide: https://99bitcoins.com/zcash-mining-guide-beginners-pc/amp/

SethPOP
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SethPOP

I have a msi aero rx 550 4gb , and my card over heats after 5 to 10 min, could it be my card?, nothing is over clocked

Ian
Member
Member
Ian

Perhaps, but what are you running your fan at? Use MSI Afterburner and run it at 75 and see if that helps. You can also downclock your core and/or reduce your power limit to try to help it if still needed from there.

Sethpop
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Sethpop

All setting was default, right out the box driver 17.9.2 ,claymore dual ECT… v10.0
Lowe’s power limit to -40 helps some but lost 5 mh/s, and I don’t think that’s good

Sethpoo
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Sethpoo

Trying that now, if don’t work returning for Asus right strix Rx 560, I’m still every new so like not spend to much on a card

Dustin
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Dustin

getting

UDA error – cannot allocate big buffer for DAG. Check readme.txt for possible solutions
dont see much in the Readme on this error? any ideas?

Ian
Member
Member
Ian

Sounds like your GPU can’t handle the size of the DAG file. Your GPU needs at least 3 GB of RAM.

john
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john

Hi great video, followed every step but the batch file runs for half a second and then instantly closes why is this?

Ian
Member
Member
Ian

Thanks John, Add “pause” (without the quotes) to the last line of your bat file. This will hold it open and let you see what the error is. Report back with that error if still stuck from there. Also, make sure the miner EthDcrMiner64.exe is still in the same folder as your bat file and that your Antivirus programs did not remove it.

Juan DR
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Juan DR
Hi! Beautifully written guide. Perfect for us not savvy in this topic. Thank you! I was able to follow successfully all steps up to running the *bat file, the code started running and all seemed to be fine, GPU was detected and initialised, this is when all stops and I get a red line reading something like not able to allocate, not enough cache(?) available. I tried this on a 5-year-old Alienware notebook with Nvidia GPU (think it’s a GTX 955m but not sure). Sorry for not being more specific, but I had to leave home to come to the… Read more »
Ian
Member
Member
Ian

Thanks Juan, I don’t think that GPU has enough dedicated RAM on it to mine Ethereum, as it needs a minimum of 3GB of RAM.

Juan DR
Guest
Member
Juan DR

Ian,

Thanks!

Just as I’d suspected. I wanted to be sure before I shell out for a new rig dedicated to mining.

Your answer has been extremely helpful.

I have roughly USD 2,000 to build a rig. What motherboard, CPU, RAM and GPU can you recommend for this amount?

I know part of the answer is within the article, however, what are the components you would personally buy for the above amount?

Thanks again!

J

Ian
Member
Member
Ian

Please sign up for free at cryptominingacademy.com for more detailed guidance. Thanks,

Ahmed
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Ahmed

I did step by step in this guide until i got stuck when run bat file.It appear opening the c command prompt with all lines for less than second then shut down !

I try to turn of my antivirus and also run the bat file with administrator still having the same issue so plese help me.

My regards
Ahmed

Ian
Member
Member
Ian

Add “pause” (without the quotes) to the last line of your bat file. This will hold it open and let you see what the error is. Report back with that error if still stuck from there.

Ali
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Member
Ali

Ian – I had the same issue and was able to pause it. I’m getting the following error:

C:\Users\KMBSUser\Desktop\Claymore’s Dual Ethereum+Decred_Siacoin_Lbry_Pascal AMD+NVIDIA GPU Miner v10.0>EthDcrMiner64.exe -epool us1.ethermine.org:4444 -ewal 0x5a387095F0A52e520220d2faF57b6843D381764B.MiningRig2 -epsw x
‘EthDcrMiner64.exe’ is not recognized as an internal or external command,
operable program or batch file.

Ian
Member
Member
Ian

Delete the file path starting with C: and just have your bat file start with Ethdcrminer64.exe and make sure your bat file is in the same folder as your miner exe.

Ahmed
Guest
Member
Ahmed

yeah now it works thanks to you but i have little problem . i cannot set my pool to eu France server by setting this : eu1.ethermine.org:4444

also when i use my wallet adders in ethermine.org it does not show my hash rate nor any mined etheryum …

i appreciate your fast response and effort with me

Ahmed
Guest
Member
Ahmed

I try to follow your tip in put pause in last line in bat file but for a reason it did not work so i tried my best to take screen shot although command prompt closes in split of second . Here is my screenshot :
ibb.co/mTBxDk

Ian
Member
Member
Ian

Looks like the miner exe is missing. Double check as it’s likely your Antivirus Program deleted it so make sure you set an exception/exclusion before you run it as I did in the video.

Ady
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Ady

Can you suggest me a good rig for mining, Cost of electricity is 0.1$/Kwh

Zsofia Elek
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Zsofia Elek

Hi Ady, there are couple of hardware options in this article, you can check the profitability for Ethereum mining with this calculator: https://99bitcoins.com/advanced-ethereum-mining-calculator/

ShawnK
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ShawnK
Hi!! thanks for the nice tutorial! Something seems to be going wrong for me however (sorry I’m a noob) is my GPU not supported or a setting may be blocking something? CUDA error – cannot allocate big buffer for DAG. Check readme.txt for possible solutions. ETH: 09/11/17-21:46:16 – New job from us1.ethermine.org:4444 ETH – Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0, Time: 00:00 ETH: GPU0 0.000 Mh/s DCR – Total Speed: 0.000 Mh/s, Total Shares: 0, Rejected: 0 DCR: GPU0 0.000 Mh/s GPU 0 failed Setting DAG epoch #142 for GPU0 GPU 0, CUDA error 11 – cannot… Read more »
Ian
Member
Member
Ian

Thanks Shawn, appreciate that! It appears as though maybe you’re using an older Nvidia GPU with not enough dedicated RAM to mine Ethereum.

You need a GPU with at least 3GB RAM to mine Ethereum, though cards greater than 1GB can mine Zcash – see here – https://99bitcoins.com/zcash-mining-guide-beginners-pc/

Crumbly
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Crumbly

If you compare global hashrate and blockrate vs coin price. Profitibility varies but not hugely in a dollar per day sense. If you make 1 whole coin of a $1 currency per day vs .001 of a $1000 currency per day thats equivalent USD. If your not holding the coin but trading it right away you might make more on a small currency like ZCL HUSH ZEN KOMODO ETC or others.

Ian
Member
Member
Ian

That’s right – overall earnings in USD have not changed much due to the price rise. Also, small price coins are good to hold too – I find they have much upside as it seems every coin gets its turn to “pop off” thus you mine and hold until those spikes and then sell into strength.

John
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John

This is a good article. It helped me understand basis of mining.

Can you publish a similar article for mining altcoins like Neo, Verge, OMG etc. ?

Ian
Member
Member
Ian
Thanks John, well these other coins are very different. OMG is an Ethereum ERC-20 token, so you can’t mine it. Neo is a POS (proof of stake) coin which you cannot mine, but you can stake to earn GAS. Verge is a coin you can mine, but it’s a Scrypt based algo, so you would not mine it with your GPU rigs, but rather you’d use a Scrypt ASIC such as the L3+ – https://99bitcoins.com/antminer-l3-miner-review-litecoin/. The primary coins that you can mine with GPU’s for profit are based around 3 algo’s – Ethash Dagger Hashimoto (which Ethereum uses), Equihash (which… Read more »
Doug
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Doug

Hi, how does it work that this article is written July 11 2017, and it already have comments more than one year old? Thank you.

Ofir Beigel
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Ofir Beigel

Hey Doug, we update the article from time to time so what you’re seeing is actually the update made by Ian. The original article was published in 2016.

Mike
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Mike

Setup and everything seems to be running right. claymore running and etherwallet set up…do u have to transfer anything or update? just wondering does the wallet automatically update with currency or do i have to do something else?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Mike, the mined coins, once they are ready, will appear on your account you have added during setup. No need to transfer anything.

Meekal
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Meekal

Hi,
Firstly this is an excellent and detailed article. Thanks for this.
I just want to know, do I have to download and create the Mist or myEtherWallet on the rig? or can I create it anywhere and use the wallet address to receive pool payment?
I would like to use the rig at another location, while having the freedom to check my wallet anywhere around the world.

Please advice me. Thanks

Ian
Member
Member
Ian

Thanks Meekal, and good question. You can create a myEtherWallet on any computer, it does not have to be that particular mining rig. You just need the wallet address created and then once you have it, you can point any and all of your mining rigs to mine to that wallet address, physically located in any location with an internet connection.

Gaurav Mittal
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Gaurav Mittal

Hello,

I did whatever provided in this step, but there is strange thing happening, the EthDcrMiner64.exe file is getting deleted automatically whenever I run the bat file and hence I am not able to run anything. When I ran it through terminal I am able to get the issue that is of OpenCL.dll not found and reinstalling the program may fix the issue,as soon as I hit the ok of the popup message, exe file vanished from the folder. Do I am missing something.

Ian
Member
Member
Ian

Zsofia is right – it’s most likely your Antivirus program or Windows Defender that is deleting the file. Go into your Windows Defender settings and add an Exclusion for the miner. See the video above where I walked through this at roughly the 13:07 minute mark. Cheers

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Gaurav, if you are using Windows it is possible that the Windows Defender removes the exe file. I suggest posting your question along with the setup of your PC on Ethereum Mining Forum, where more experienced miners should be able to help you out. https://forum.ethereum.org/categories/mining

Rajat J
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Rajat J

I have started to mine Eth and am thinking what else can I mine on the same RIG along with the Ether. Some people had written that you can can mine other ALTs along with Ether on the same graphic card and the hashpower for Eth will not go down much and we will have this other coin reward as well. Is this something you know about or can point me in the right direction with link that I can see which are the possible coins to mine with Eth. Thank you

Ian
Guest
Member
Ian
Hi Rajat, there are many coins that you can “dual mine” with the Claymore miner covered in this guide. If you set your miner to dual mining mode and enter in pool and wallet information for the second coin you can mine both Ethereum and a second coin, like Pascal, Decred or Sia. Note, however that this will both reduce your Ethereum mining speed (slightly), but also use much more power and produce much more heat out of the GPU. Read the bat commands and follow the examples on the Claymore Ethereum Miner page on bitcointalk via the link provided… Read more »
Mar
Guest
Member
Mar

Hi,
first of all thanks for this tutorial. This very very good for the first step. Can you suggest some other technical tutorial or books which explain what happen when you buy and sell crypto currency like Ethrium. Is the http://www.ethdocs.org good place to understand technical aspect? I am interested in what the Hashrate function is using during the Etherium mining?
Regards

Ian
Guest
Member
Ian

Mar, in addition to the info Zsofia shared – a good book for you might be Andreas Antonopoulos’ Mastering Bitcoin. The function of the miner’s hashing on a blockchain are two fold: to secure the blockchain and process the transactions that are happening on that blockchain. The miner’s benefit for providing this protection and processing service is to receive the “block reward” which is a set number of tokens released on every block processed by the miner/mining pool which correctly hashes that block to then be accepted into the blockchain ledger.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Mar, indeed, Ethdocs.org is a good resource for technical documentation, you can also refer to the Ethereteum GitHub too here: https://github.com/ethereum/wiki/wiki

hanwie
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Member
hanwie

hello im new.. and nubi//
my laptop asus a455L series..
i had follow instruction step by step on this web tutorial…
while i run startminet.bat
i got error
” not find cuda devices”
what should i do ?
what kind laptop are u suggest sir ?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Hanwie, I suggest to post your question about miner setup in the Ethereum mining forum here: forum.ethereum.org/categories/mining

reyna
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reyna

hi. i cant even run the startfile. i did follow the guide in your video. i dont know where it went wrong. i got prompted opencl.dll not found. help please… thanks.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Reyna, I suggest you post your question on the Ethereum mining forum with the setup details where more experienced miners should be able to help you out. You can fint it here: http://forum.ethereum.org/categories/mining

manish
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manish

my bat file opens up and automatically closes down

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Manish, check out this threat, might have a solution for your problem too: https://www.reddit.com/r/EtherMining/comments/6efq4i/when_i_open_claymore_bat_file_it_closes/

Kim
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Kim

I followed your tutorial and Im getting around 15Mh/S, but when I check ethermine there are no workers (which by the way I dont know what they mean). What is the problem.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Kim, workers are the miner devices you linked to your account in the pool. I suggest you post your question with the setup details you use on the Ethereum mining forum, where more experienced miners should be able to help you. You can find it here: http://forum.ethereum.org/categories/mining

William Farnsworth
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William Farnsworth

I have 4 Nvidia 1070s with windows 10 latest updates and latest nvidia drivers. downloaded claymore 9.7 and updated bat file like you showed, synced the whole blockchain by running geth client, and made the tweaks recommended. I am only getting 2Mh/s per card. I then reinstalled windows and did everything again from scratch and still only getting 2Mh/s. Any ideas?

Ken K.
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Ken K.

upgrade your windows 10 to v1703. This is a known issue that i’ve read about. version 1703 of windows 10 is stable for mining.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi William, I suggest you post your question with the specific setup you used to the Ethereum mining forum, where more experienced miners should be able to help you out. You can find it here: http://forum.ethereum.org/categories/mining

don soprano
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don soprano

Hello, can someone please help with me at step 6, when I down load , it is only a xip file, I have no idea what to do with the file once it is unzipped, when I open it, the screen looks like a dos program window, thanks for any help in advance, I just need to get from step 6 and 7.

gheno A
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gheno A

Hello, I really love this guide, but my question here is can I mine using my pc without really purchasing A MD hardware? Or must I purchase it before I can mine? Please guide me through. Thank you

Miguel
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Member
Miguel

If you read this you understand its better you invest in GPU (graphics processing unit) instead of CPU (Central Processing Unit)….
Q: Can I mine with my CPU (Personal computer’s processor) instead of an expensive graphics card (GPU)?
A: GPUs are so much faster that CPU-mining is no longer profitable or worthwhile. Even entry-level GPUs are about 200 times faster than CPUs for mining purposes.

Ofir Beigel
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Ofir Beigel

As far as I know you’ll have to get some specific hardware in order to be efficient and make a profit.

Chris
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Chris

Hey, amazing guide, ty for it. it helped me get a bit further in my mining experience.

but im having a problem with AlethOne miner tool, it keeps giving me an error after install and wont even open. im running off El-Capitan.

Im also having trouble with seeing where my ether is going. i cant seem to pull up my account balance in geth on terminal. i dont want to be mining for 0 reason and just putting stuff into the void. any help would be great

Mark
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Mark

please give a link for the AlethOne mining software for Windows. above link is not working.

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Chris, thank you for the feedback. Unfortunately I cannot help you regarding to your questions about mining as we did not have such experience so far. I suggest to post your question in the Ethereum Forum: https://forum.ethereum.org/categories/mining. In the Mining section more experienced miners should be able to help you.

mark
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Member
mark
Hi i need someone help i am new to ether mining, i started mining using “wineth” using nanopool , i created my wallet at ether-wallet.net. after getting my first reward nanopool send me payment but i did not get it into my wallet. the 2nd thing is that , i have try to change my wallet address but wineth mining it on the old address, even i stopped mining uninstall the mining software but it still working on my nanopool i am sharing my nanopool account “https://eth.nanopool.org/account/0x2d9dd42cb98cfef6c217e343bae18d72b1c9323a” by my side mining is stopped but here it still working what to… Read more »
Zsofia Elek
Admin
Member
Zsofia Elek

Hi Mark, I’m not sure I have an answer to your question. Probably it is better if you ask it on Ethereum Forum, it has a mining section here: http://forum.ethereum.org/categories/mining I am sure more experienced miners will help you out.

Anonymous
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Anonymous

hi , is this psu good for 4 rx 570 gpus ? it dont have much slots it seems… ( lepa max bron 1000w)

Jason
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Jason
Mist is the biggest pile of shit ever. Lol. I have tried like 5 times to install it and got a different error every time. I’ve never experienced this with any other wallet. First it was something with the Geth not working, then I found out it was because it installed itself like a 32 bit version when I have a 64 bit. I fixed that by changing the folder it installs to, now it won’t work there either. If I manually moved the unpacked folder there I could get it to work, but installing it there gets froze everytime… Read more »
Denis
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Denis

Can version 1.2.9 be used in 10.12.5?

Sen
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Sen

Hi,

I am a keen user of your bolg. I like your easy approach to explaining this not so east concept to beginner like myself.

I have just one question and would appreciate your answer.

If I had to start mining using my PC and GPU what should be my system requirement. What is the minimum possible criteria for a PC?

Zsofia Elek
Admin
Member
Zsofia Elek

Hi Sen, thanks for the feedback. Regarding to your question, please refer to the Choosing your GPU hardware section of this article, the GPU will be the heart of your mining rig, so choose a good one.

winston
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winston

Hi all,
I have been using forex VPS for my EA trading but new to digital currency mining.
My question is can I use VPS for ETH mining as well ? Instead of leaving my computer running for 24 hours ?

Zsofia Elek
Admin
Member
Zsofia Elek

Yes sure, you can use VPS for ETH mining too.

Carlo
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Carlo

Thanks for the guide. but the link in guide 6 is broken . please kindly check for AlethOne Miner installer

Ofir Beigel
Admin
Member
Ofir Beigel

Thanks for noticing,
this should be addressed to the issues tab on github (we have no control over this):
https://github.com/ethereum/webthree-umbrella/issues

Anonymous
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Anonymous

No. 6 Guide the installer .. link does not work error404 pls check

Kevin
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Kevin

Is there a guide for Mac OS x?

Ofir Beigel
Admin
Member
Ofir Beigel

Not at the moment.

Lee - imineblocks
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Lee - imineblocks

I made a video showing how to get started mining Ethereum that might be useful for your readers. You can see it here https://www.youtube.com/watch?v=MD_gL_9bNa8

Ofir Beigel
Admin
Member
Ofir Beigel

Thanks for sharing this!

Anonymous
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Anonymous

The Widows installer for the miner isnt working what should I do?

Brent Landers
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Brent Landers

TBH it is best time to mine ethereum, so decided to started building my rig from this guide thecryptomining.info/2017/04/6-gpu-ethereum-mining-rig-guide.html. All hardware cost me very cheaply in this guide and now i’m making 4k+ yearly from mining ethereum.

bill
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bill

hi brent I am unbale to find any alethone miner software of anything similar could you let me know where you found the download site.

Thanks

Erik
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Erik

Hi, I’m new at this and looking to see if I will get into the game.
Do you mind in a pool? And what pool if I may ask.
Thanks.

Zsofia Elek
Admin
Member
Zsofia Elek

Thanks for the info, Brent!

Erik Bennink
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Erik Bennink

Hi, can you tell me what happened with the rumour of poW to pos?

Thanks

2da
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2da

How can i Ethereum blockchain downloads and sync step 3?

Zsofia Elek
Admin
Member
Zsofia Elek

Hey, just download Mist, unpack Ethereum Wallet zip and run the app. It will automatically download the full Ethereum blockchain and sync it, you just need to wait for a while, once the full 10GB+ is downloaded.

paulyD
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Member
paulyD

After I download Mist by itself it updates and downloads the blockchain (20GB+) , then what, do I just wait, or do I download Wallet zip and then let it download the blockchain also? Is Mist/Wallet the nodes I can actually mine from? If so/not how do I actually start mining?

Zsofia Elek
Admin
Member
Zsofia Elek

Please follow the steps in the article, if you got stuck you can also check the embedded video. After the wallet, you will need to download the miner software and setup the pool as well to start mining, the links are in the article.

faw Qur
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Member
faw Qur

Well awesome article for newbie, I start mining after reads your articles all are very well explanation. I only faced issue on which graphics card i prefer for my beginning so i google and found a site with proper graphics card explanation here is site: http://www.thecryptomining.info/2017/03/best-hardware-for-ethereum-mining.html

Zsofia Elek
Admin
Member
Zsofia Elek

Thanks for the feedback and the article about mining equipment.

Leo
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Leo

Can I do this with only one graphic card, I’m thinking of getting the RADEON RX 480. Thanks.

Ofir Beigel
Admin
Member
Ofir Beigel

Hey Leo, I’m not sure (I’m not the author of the original post). However from what I gather it can be possible. I suggest using the Ethereum Mining Calculator to find out if this will work.
https://99bitcoins.com/advanced-ethereum-mining-calculator/

T
Guest
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T

Can you use another wallet for ETH instead of mist?

Zsofia Elek
Admin
Member
Zsofia Elek

You can also use other wallets as well, like myetherwallet.com or ethereumwallet.com but then you have to configure the mining code according to that.

eda
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Member
eda

Hello i have a question is it possible to mine etherium using a laptop? (lenovo y50-70)
and if it possible can i still use it to browse play game etc?

Ofir Beigel
Admin
Member
Ofir Beigel

I’m not sure, but at the moment I think you won’t be profitable if you mine only with your laptop. I think you at least need a GPU (graphics processing unit).

Chris
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Chris

I’m lost at Step 6… I have no idea how to use AlethZero. It is asking me for a Master Account Password. Does anyone have a more detailed step by step guide on getting ethminer to work after Step 5?

Tim
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Tim

A quick one please.. For similar costing hardware, without it be more profitable to mine BTC or Eth??

Ofir Beigel
Admin
Member
Ofir Beigel

It’s hard to answer that since there are 2 unknown factor which are the EHT and BTC price and the EHT and BTC difficulty. There’s more room for competition on ETH at the moment but the currency is less stable. So I guess there’s no clear cut answer for this one.

PEPI
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PEPI

less stable?

Ofir Beigel
Admin
Member
Ofir Beigel

Yes, it’s more volatile

Anonymous
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Anonymous

The latest release phases out AlethOne. Is there a good command-line guide for mining for newbs?

Lulu
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Lulu

i want to ask, if i want to start to become a miner to mine ethereum, the possibility to get profit is high or not because i see the production is high right now and i think the difficulty also high. Secondly, how much i need to spend for my investment to become miner for ethereum , where i can get profit from it.

Ofir Beigel
Admin
Member
Ofir Beigel

Hey Lulu,
I suggest using the Ethereum mining calculator in order to get an estimate of how much you can earn with different miners. It really comes down to what mining hardware are you using and what’s your electricity cost.

lulu
Guest
Member
lulu

ok2 thank you for your reply.

Mohsin Zunzunia
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Member
Mohsin Zunzunia

Hi Ofir,

What’s your views on this site claiming to sell Ethereum mining ASICs?
rocket-miner.com

Ofir Beigel
Admin
Member
Ofir Beigel

Sounds pretty fishy to me. Haven’t heard of them and I don’t think they pass the scam test with flying colors (https://99bitcoins.com/bitcoin-scam-test/)

Mohsin Zunzunia
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Member
Mohsin Zunzunia

Yes, I thought so as well. However, the pertaining question is will there be ASICs that can successfully mine Ethereum? I know it is designed to resist ASICs, but what are the chances according to you? Thanks so much for the reply.

Ofir Beigel
Admin
Member
Ofir Beigel

I can’t really answer that since I don’t really know. My guess is that you’re better off asking on https://forum.ethereum.org/

wpDiscuz