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Liaquat Ali Mirani
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Ethereum is a smart-contract and dapp creation and deployment platform that is secured by Proof of Work mining

Published on 11/1/2016
For additional information  Click Here


Ethereum is a smart-contract and dapp creation and deployment platform that is secured by Proof of Work mining. Proof of Work relies on computational power to confirm transactions on the network and to create new coins. Ethereum mining has become extremely popular over the last months, as it’s the currently the most profitable cryptocurrency to mine with a Graphic Processor Unit (GPU).

When mining Ethereum, profitability will depend on your graphic card. AMD GPUs with more than 2gb of virtual memory, like the new AMD RX 480, are advised. So if you want to start mining Ethereum, the first step will be to choose your hardware carefully.

Next step will be to choose the type of mining you’ll be doing. Solo mining is usually considered more profitable and it has no fees, but most miners do not have enough computational power to mine Ethereum alone, as it would take them a long time to find a block (if they ever find one at all), which would give a 5 ETH reward. In order to reduce variance and assure that you can be slowly, but steadily rewarded for your work, you can join an Ethereum pool.

There are dozens of mining pools out there, but we are going to use Dwarfpool as an example.

Step 1) Choose a Graphic card.

Different GPUs have different speeds and different energy consumption. You’ll have to consider how much you can invest, how many PCI-ESLOTS you have available and how much your electricity bill is going to add up to. You can use this list to compare different GPUs and mining equipment.

Step 2) Download the miner software.

There are some different miners out there, but we’re going to use Claymore’s dual miner. There are a few things you should know about this miner: It’s not open source and It has a 1% developer fee for Ethereum mining and a 2% for DUAL mining. There is also no 32-bit OS support, only for Linux and Windows x64.

Why do we want to use a miner that has a built-in fee when there are free miners out there? Simple. Despite the 1% fee, you will still see a 3%-5% improvement in speed over ethminer. This software also allows you to mine two cryptocurrencies at once for a 2% fee, making mining even more profitable. You Ethereum + Lbry Credits, Ethereum + Decred, and Ethereum + SiaCoin

Warning: Mining two cryptcurrencies at once will make your GPU’s hotter and can cause permanent damages to your hardware.

Download Claymore miner here. The last files are the latest versions, currently 0.7.

Step 3) Configure your computer

If you’re using an AMD graphic card, install the Catalyst (Crmison) 15.15 for best performance and compatibility. If you’re using nVidia, use the 368.81 driver.

If you’re using more than one graphic card, set the Virtual Memory size to at least 16GB. This is done by accessing “Computer Properties / Advanced System Settings / Performance / Advanced / Virtual Memory”

Step 4) Choose and join a mining pool

It’s time to choose a mining pool. There are a few things to consider: the fee, payment system, minimum payout, and extra features. You can compare mining pool features, specifications and reviews here.

If your Pool requires an account, you’ll need to register one, log in and create a new miner. This is done in the “workers” section. Choose a name and a password (optional) for the miner.

If your pool does not require you to login you will simply need to put your wallet address on the configuration file (Step 4)

Step 5) Configure your miner for Ethereum mining

You are now going to point your hashpower at the pool you’ve chosen by configuring the miner to do so.

Extract the files from the .zip file downloaded. Open the “Claymore’s Dual Ethereum+Decred_Siacoin_Lbry AMD+NVIDIA GPU Miner v7.0 Beta” folder and ight-click on the “start.bat” file and open it with the notepad.

Enter the following configurations:


EthDcrMiner64.exe -epool -ewal 0xD69af2A796A737A103F12d2f0BCC563a13900E6F -eworker miner -epsw x -mode 1

You still have to replace all the information with all your details.

Replace with the pool server you’re using. If you decide to use Supernova, you can leave it as it is.

Replace 0xD69af2A796A737A103F12d2f0BCC563a13900E6F with your Ethereum wallet address

If your pool requires an account, which is not the case with Dwarfpool, replace miner with the name of your worker and replace x with the password assigned to your worker (leave as an x if you didn’t assign one).

Click here to see the full list of available commands.

Step 6) Getting started

Now all you have to do is double-click that same start.bat file, which will open a command-line window. This window will display your hashrate and GPU card. You can confirm the process was successful in your pool dashboard.

You are now mining Ethereum. Be sure to check your GPU temperature often. You can keep a better eye on your graphic card using MSI Afterburner.
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