Ethereum ETH Mining Laptop

Ether (ETH), the digital currency on the blockchain, has grown to become the second largest cryptocurrency, commanding an aggregate market value of just around $1 billion - behind Bitcoin with a market cap of around $10.5 billion. While people may buy ether in the open market (for around $11.50 per ETH currently), others may choose to 'mine' for ether by using their computer's power to validate and confirm transactions on the Ethereum, in a process known as proof-of-work (PoW). These miners are rewarded with blocks of ether -- currently the reward is 5 ETH per block, and a block is expected to be found, on average, once every 12 seconds. Bitcoin miners can use specialized hardware known as ASIC chips to solve the mining algorithm, but Ethereum's mining algorithm is purposefully ASIC-resistant, requiring computer memory as well as processing power.

Desktop or Laptop. Not much can be told. Only video cards of 3GB and more are capable of mining ETHEREUM! Most known video cards from AMD used in mining ETH. How to mine Ethereum? How to mine Ethereum with MinerGate. For GPU mining: ethminer -G -F you can use your multi-GPU rig or an old laptop. Nov 11, 2017 - Click on the 'View' menu to deselect other cryptocurrencies, until only ETH remains. MinerGate will notify you that it's loading a DAG (Dagger Hashimoto) file. This is around 1GB in size and represents the proof of work algorithms necessary to mine Ethereum data blocks. If you want to understand this further.

Also, Ethereum is meant to transition ultimately away from PoW and to proof-of-stake (PoS), whereby mining is replaced by 'stakers' who are rewarded for holding on to quantities of ETH. (Related: ) How to Mine for Ether Indirectly The easiest way to mine for ether is to do so indirectly, via cloud mining services. Here, individuals can buy contracts to mine virtually, often employing the resources of a company such as, the largest ether cloud mining service currently. Contracts are generally long-term - 1-year or longer - and come at a fixed cost to the buyer, right now at $37 per MH/s of computational, or 'hashing' power. Like Bitcoin mining, ether mining's profitability fluctuates based on its market price, as well as the mining difficulty, which is a function of how much aggregate mining power is on line. How to Mine for Ether Directly While home bitcoin mining has become quite user-friendly, ether mining using the CPU or GPU on your computer is a bit more hands on. Here is a basic overview of the steps required: 1.

Create an ether wallet. This can be done for free by downloading wallet software, or by creating one via a web wallet service such as. This wallet is your virtual ether account that holds your digital currency and where you can send and receive coins.

Amy mining rewards you earn will go to this wallet. The next thing you will need to do is a program called Geth, which is program that talks to the Ethereum Network and serves as the relay between your computer's hardware and the rest of the distributed network. When a block is mined by another computer, your Geth program will receive that information and update your copy of the blockchain.

How To Start A Bitcoin Cash BCH Mining Business. Geth comes zipped and is a command-line program with no windows or graphical user interface. You will then have to another piece of software to actually initiate and process the mining activity, known as Ethminer.

This is also a command-line only program, and can only be started after you have downloaded and synchronized the entire Ethereum blockchain with Geth. For an in-depth, line by line tutorial on how to get about mining following these steps, please follow. The Bottom Line Obtaining ether via mining can be done indirectly with cloud mining, or directly on your computer by harnessing the power of its CPU or GPU. Doing it yourself is a bit cumbersome still, and involves some familiarity with command line operations on your PC.

Also, as solo mining gets more difficult, miners may find it optimal to join a pool, where they can aggregate their mining power with many others and receive a pro-rated share of discovered ether.

About this guide: Hey everyone! I've recently gotten back into the mining scene, and I've decided to mine Ethereum (or ETH).

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!) on how to mine ETH. 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. A little about Ethereum mining. ETH mining is ASIC-proof, meaning that only GPU's and CPU's can be used to mine ETH.

CPUs, in all reality, is too cumbersome to use as a means to mining Ethereum; CPU's simply will not do the trick. AMD video cards are preferred and usually are more efficient, but you can also mine via NVIDIA cards as well. 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!

BE SURE TO TURN OFF YOUR FIREWALL/ANTI-VIRUS OR ALLOW PERMISSION FOR ALL THINGS ETHEREUM! Downloads These are the download links that we will be using: Geth: Ethminer: Ethereum Wallet: Alright. Now that we have the links, let's get started!

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. • Rename the Geth download to 'Geth'. Rename Ethminer to 'miner' and rename the Ethereum wallet to 'wallet'. By now, everything should look like • Open up cmd (Win+R, type cmd).

• 'cd' from your command prompt to your 'Eth' folder -- for myself, I typed in command prompt 'cd C: Eth'. 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.exe' on your computer. Wait for Ethereum to sync.

Go get some tea or something. ( WARNING: 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: Eth miner', or wherever your miner is saved to. Use the following syntax, and enter this into the command prompt: ethminer -U -F (NVIDIA) ethminer -G -F (AMD) • Mine away! Happy mining! 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! Reply here for any questions. I'll be more than happy to help.

PS: Guide on mining Monero on both NVIDIA and AMD cards, coming up soon. 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 7790 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.

Cloud mining all the way for me. These are the sites I use! All Free Gh/s. Eobot - - Daily free faucet!!

Number One & Most Trusted Fleex - - 100Gh/s Rapid - - 100 Gh/s CryptoS - - 20Gh/s MinerClub - - 15 Kh/s Nano - - 15 Khs Elite - - 5000 DogeCoin to start investing. Demix - - 5 Gh/s DogeMine - - 20 Kh/s I do not recommend you invest $$$ except in Eobot, more your time, in and internally generated Gigahashes Then cash out when you like the day returns! Then send it over to Eobot to boost my account their.

Please use the links so i can gain a small amount of Gh/s for your referral. Happy Mining. Nice article. Same mindset here. 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: Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more.

See: For the Ethereum Investment and research analysis.