How to mine Ethereum – How I mine Cryptocurrency – GPU – Pool Mining Ethereum

I am writing a series of articles to document my crypto mining journey. My cryptocurrency mining career has just begun, and I decided to document my adventure to help others along the way. Below is a way to mine Ethereum. It may or may not be the best way; however, it is the way I have chosen to begin my adventure.

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Mining Crypto has some mixed reviews out there. Some folks say things like:

  • “do not mine it at all”
  • “mining crypto is a waste of time and money”
  • “time of investment is too good to be true”
  • “the industry is too volatile”

I encourage you to do your own research. If it seems like the best option for you and your resources, then go for it. If not, don’t.

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There are many ways to mine. This guide will not show you all the many ways to mine. It will only show how I am mining right now. If you want to mine like me, then do it. If not, follow another path. The steps below assume you have a computer with a compatible GPU available.

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Step 1 – Get a wallet

You need a crypto wallet before you can begin mining crypto. A wallet comes with an address which will be your address for sending and receiving cryptocurrency. The receiving bit is important as you will want to be paid for your efforts!

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Types of Wallets:

  • Crypto Exchange Service
    These are the easiest to use. They include MetaMask, Coinbase and more.
  • Hardware Wallet
    These are the safest to use. Ledger is a very popular one to choose here.

Step 2 – Mining Software

GMiner, T-Rex Miner, lolMiner, & Phoenix Miner are popular choices. You need to install these on your rig in order to develop the software for mining.

Step 3 – Selecting a Pool

There are multiple ways to mine Ether or other cryptocurrencies. Selecting a good size pool, with low fees is absolutely essential. Here are some popular pools:

  • 2Miners
  • Flexpool
  • Ethermine
  • Hiveon

These are some popular pools to choose.

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Step 4 – Select your region

Now that you are in a pool, you need to select your region. Choose the one closest to you. It’s not much simpler than that.

Step 5 – Name your miner

This is especially important if you are using more than 1 GPU, or more than 1 miner. You will need to know which miner is hashing at what rate, how many shares he/she has collected, and other relevant information. Choose something that will help you identify exactly which miner is which.

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Step 6 – Run your program

The pool and the software you chose will hopefully have helped you create a program to run on your computer. If they did not, and you’re still not sure what to do, then choose different pools or software. Run the program.

Step 7 – You’re done

Sit back and watch your little miner work!

This is how I currently mine crypto. I am not ready for solo mining at this point. I highly discourage beginners attempt solo mining. Thanks for reading!

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