How to mine Ethereum

Today, during the growing popularity of electronic money, the demand for their extraction also increases, because there are good earnings in the network through mining.

History of ETN

ETN appeared, thanks to the Canadian programmer Vitaly Buterin, four years after the appearance of the most expensive cryptocurrency in the world - Bitcoin (BTC). Vitaliy was helped to realize the idea of ​​Gavin Wood, a whole team of enthusiasts and an investment of $ 18 million.

How to mine Ethereum (ETN)

For effective mining, you should collect or buy ready-made "farms". This is possible only when using high-quality and powerful components in your computer:

- Video cards should be one of the best (the GTX or RS series is perfect). Video cards of the RS-290 series and above from Asus are very popular among miners. Integrated graphics cards are completely unsuitable for this.

- The motherboard should ensure the correct operation of four or more video adapters at the same time.

- the processor must be high-frequency, because this affects the number of operations per second.

- RAM at least 8 GB. Of course, higher performance will bring the most efficiency.

- effective cooling system.

Before moving on to cryptocurrency mining, all drivers must be updated.

It is possible to optimize the parameters of a computer by distributing the power for mining a particular cryptocurrency. To do this, apply the code for the files in bat format. You can either find it on the network or write it yourself, in accordance with the performance of your video card.

There is such a thing as a solo miner - mining coins using only your own capacities, without the help of other miners.

For people who do not want to install additional equipment, there are resources for cloud mining, and the percentage of earnings directly depends on the capacities that you buy on a particular server.

The simplest mining programs are: CGMiner; BFGMiner; Ufasoft Miner; 50miner. In addition, each user needs to have a special account on which earned crypto coins will be stored. An account can be opened on the resources: EthereumWallet; MyEtherWallet; Mist.

Ethereum has many implementations that are written in languages ​​such as Jawa, C +, Haskell, Rust, and Go. It was on the latest engines that the most popular Parity and Geth clients were created among miners. After installing this kind of client, it will be possible to interact with the network from the console and blockchain synchronization (a method of transferring information from the sender to the recipient), due to which the encrypted transaction data is divided into blocks that are subject to many checks, without saving the history. That is why this technology is considered the most reliable - the possibility of hacking and stealing money is completely excluded.

The nuance of the work of ETH is that the more people start to mine cryptocurrency, the slower and more complicated the process will be. The decisive role in mining is played by the pool, from which you can receive both ETN and any other digital currency.

The simplest mining pool is Dwarfpool - here is a very simple interface. Simply download the Ethminer client and start it by setting the parameters suitable for the pool. After registering with a valid e-mail, you can see a whole list of pools from which you can choose the most suitable. The main problem is not at all the opening and registration of the pool, but in attracting people who will mine on your resource there.