{"id":1704,"date":"2019-10-17T10:51:50","date_gmt":"2019-10-17T10:51:50","guid":{"rendered":"http:\/\/dev.coindataflow.com\/clue\/?p=1704"},"modified":"2021-04-23T20:40:00","modified_gmt":"2021-04-23T20:40:00","slug":"ethereum-mining","status":"publish","type":"post","link":"https:\/\/coindataflow.com\/clue\/ethereum-mining","title":{"rendered":"Ethereum Mining Guide &#8211; How To Mine ETH Better in  2021"},"content":{"rendered":"\n<p>The method of obtaining Ether tokens is still similar to <a href=\"\/clue\/what-is-bitcoin-mining\">receiving Bitcoins<\/a> (soon, the developers plan to switch to another algorithm). But supporters of traditional coin production will have the opportunity to continue their activities. To work on the Ethereum network and get coins, you need a GPU for mining Ethereum. In this article, we will tell you how to choose and use the installation. As well as other secrets, how to mine <a href=\"https:\/\/coindataflow.com\/en\/currency\/ethereum\" class=\"rank-math-link\">Ethereum<\/a> competently and with benefit.<\/p>\n\n\n\n<!--more-->\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_11 counter-hierarchy counter-decimal ez-toc-transparent\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Short-Ethereum-mining-explanation\" title=\"Short Ethereum mining\nexplanation\">Short Ethereum mining\nexplanation<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Pool-mining\" title=\"Pool mining\">Pool mining<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Mining-alone\" title=\"Mining alone\">Mining alone<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Cloud-mining\" title=\"Cloud mining\">Cloud mining<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Ethereum-mining-hardware\" title=\"Ethereum mining hardware\">Ethereum mining hardware<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Ethereum-Mining-Software\" title=\"Ethereum Mining Software\">Ethereum Mining Software<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Testing\" title=\"Testing\">Testing<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Install-Ethminer\" title=\"Install Ethminer\">Install Ethminer<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#When-will-I-receive-payment\" title=\"When will I receive\npayment?\">When will I receive\npayment?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Joining-a-mining-pool\" title=\"Joining a mining pool\">Joining a mining pool<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Is-Ethereum-mining-profitable-or-not\" title=\"Is Ethereum mining\nprofitable or not?\">Is Ethereum mining\nprofitable or not?<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#How-to-calculate-profits\" title=\"How to calculate profits\">How to calculate profits<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Short-Ethereum-mining-explanation\"><\/span>Short Ethereum mining\nexplanation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum miners verify the transactions of other network users using conventional processors or GPUs. To mine Ethereum a computer solves math problems by selecting answers. <a href=\"\/clue\/bitcoin-mining-hardware#What-is-an-ASIC-Bitcoin-Miner\">Special ASIC equipment for Bitcoin mining<\/a> was not created in this case. However, due to the increasing demand for the token, the complexity of the tasks to be solved also increases. But all costs can pay off in the future if the price of a coin continues to rise.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Pool-mining\"><\/span>Pool mining<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Can you\nmine Ethereum if you are a newbie? Join to Ether mining pool. It is a group of\npeople who are getting cryptocurrency together. Ether mining software connects\nto a standard virtual installation. It means that the overall hash rate can\ncompete with professional ETH mining farms. All community members receive a\nreward proportional to the power of the connected equipment.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img width=\"1024\" height=\"299\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Top-25-Miners-by-BLOCKS-1024x299.png\" alt=\"Ethereum Top 25 Miners by BLOCKS\" class=\"wp-image-1783\"\/><figcaption>Ethereum Top 25 Miners by <a href=\"https:\/\/etherscan.io\/stat\/miner?range=7&amp;blocktype=blocks\" target=\"_blank\" rel=\"noopener\">BLOCKS<\/a><\/figcaption><\/figure><\/div>\n\n\n\n<p>Among the\npopular pools:<\/p>\n\n\n\n<p>\u2022 NiceHash\n&#8211; go to their site and download the mining for Ethereum program, depending on\nthe type of your video card. Profits will be a minimum of 0.1BTC four times a\nday.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img width=\"610\" height=\"476\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nicehash-Mining.png\" alt=\"Nicehash Mining\" class=\"wp-image-1841\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nicehash-Mining.png 610w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nicehash-Mining-300x234.png 300w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/><figcaption>Nicehash Mining<\/figcaption><\/figure><\/div>\n\n\n\n<p>\u2022 Nanopool\n&#8211; differs in that it accrues bonuses to those miners who were close to the\ncorrect answer. Download and use Claymore Dual Miner is also beneficial. This\nprogram allows start mining Ethereum and a second alternative currency.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img width=\"817\" height=\"511\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nanominer.jpg\" alt=\"Nanominer\" class=\"wp-image-1840\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nanominer.jpg 817w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nanominer-300x188.jpg 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Nanominer-768x480.jpg 768w\" sizes=\"(max-width: 817px) 100vw, 817px\" \/><figcaption>Nanominer<\/figcaption><\/figure><\/div>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Mining-alone\"><\/span>Mining alone<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>How to mine\nfor Ethereum personally? If you do not own a large number of installations,\nmost likely you will not be lucky to be the first to calculate the necessary\nblock.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img width=\"475\" height=\"280\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Comparison-of-Top-pool-and-Top-GPU-THs.png\" alt=\"Comparison of Top pool and Top GPU THs\" class=\"wp-image-1787\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Comparison-of-Top-pool-and-Top-GPU-THs.png 475w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Comparison-of-Top-pool-and-Top-GPU-THs-300x177.png 300w\" sizes=\"(max-width: 475px) 100vw, 475px\" \/><figcaption>Comparison of Top pool and Top GPU (TH\/s)<\/figcaption><\/figure><\/div>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Cloud-mining\"><\/span>Cloud mining<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Our\nEthereum mining guide would not be complete without covering this opportunity.\nIf a person wants to try to work on getting ETH coins without buying expensive\nequipment, Cloud Mining is the right way. Cloud services provide customers with\ntheir rental power. Among these companies are providers:<\/p>\n\n\n\n<p>Genesis Mining<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img width=\"893\" height=\"746\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Genesis-Mining.png\" alt=\"Genesis Mining\" class=\"wp-image-1831\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Genesis-Mining.png 893w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Genesis-Mining-300x251.png 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Genesis-Mining-768x642.png 768w\" sizes=\"(max-width: 893px) 100vw, 893px\" \/><figcaption>Genesis Mining<\/figcaption><\/figure>\n\n\n\n<p>Hashshiny<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img width=\"1024\" height=\"589\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HashShiny-1-1024x589.png\" alt=\"HashShiny 1\" class=\"wp-image-1833\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HashShiny-1-1024x589.png 1024w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HashShiny-1-300x173.png 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HashShiny-1-768x442.png 768w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HashShiny-1.png 1152w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>HashShiny 1<\/figcaption><\/figure>\n\n\n\n<p>IQMining<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img width=\"1024\" height=\"641\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/IQMining-1024x641.png\" alt=\"IQMining\" class=\"wp-image-1834\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/IQMining-1024x641.png 1024w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/IQMining-300x188.png 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/IQMining-768x481.png 768w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/IQMining.png 1110w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>IQMining<\/figcaption><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Ethereum-mining-hardware\"><\/span>Ethereum mining hardware<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mining for Ethereum is done using GPU installations. They have different performance, energy consumption, and cost. Multiple GPUs can be interconnected to combine their hash rate. Theoretically, Ethereum mining can be done on a computer. But in reality, this will lead to processor wear, high electricity costs, and deficient coin production.<\/p>\n\n\n\n<div id=\"supsystic-table-12_61901\" class=\"supsystic-tables-wrap \" style=\" visibility: hidden; \" ><table id=\"supsystic-table-12\" class=\"supsystic-table compact border lightboxImg cell-border\" data-id=\"12\" data-view-id=\"12_61901\" data-title=\"TOP 10 GPUS\" data-currency-format=\"$1,000.00\" data-percent-format=\"10.00%\" data-date-format=\"DD.MM.YYYY\" data-time-format=\"HH:mm\" data-features=\"[&quot;after_table_loaded_script&quot;,&quot;auto_width&quot;]\" data-search-value=\"\" data-lightbox-img=\"\" data-head=\"on\" data-head-rows-count=\"1\" data-pagination-length=\"50,100,All\" data-auto-index=\"off\" data-searching-settings=\"{&quot;columnSearchPosition&quot;:&quot;bottom&quot;,&quot;minChars&quot;:&quot;0&quot;}\" data-lang=\"default\" data-override=\"{&quot;emptyTable&quot;:&quot;&quot;,&quot;info&quot;:&quot;&quot;,&quot;infoEmpty&quot;:&quot;&quot;,&quot;infoFiltered&quot;:&quot;&quot;,&quot;lengthMenu&quot;:&quot;&quot;,&quot;search&quot;:&quot;&quot;,&quot;zeroRecords&quot;:&quot;&quot;,&quot;exportLabel&quot;:&quot;&quot;,&quot;file&quot;:&quot;default&quot;}\" data-merged=\"[]\" data-responsive-mode=\"2\" data-from-history=\"0\" ><thead><tr><th data-cell-id=\"A1\" data-x=\"0\" data-y=\"1\" data-db-index=\"1\" class=\"bold\" data-cell-type=\"text\" data-original-value=\"MODEL \/ MEMORY\" data-order=\"MODEL \/ MEMORY\" >MODEL \/ MEMORY <\/th><th data-cell-id=\"B1\" data-x=\"1\" data-y=\"1\" data-db-index=\"1\" class=\"bold\" data-cell-type=\"text\" data-original-value=\"HASH RATE\" data-order=\"HASH RATE\" >HASH RATE <\/th><\/tr><\/thead><tbody><tr ><td data-cell-id=\"A2\" data-x=\"0\" data-y=\"2\" data-db-index=\"2\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"AMD Radeon VII \/ 16 GB\" data-order=\"AMD Radeon VII \/ 16 GB\" >AMD Radeon VII \/ 16 GB <\/td><td data-cell-id=\"B2\" data-x=\"1\" data-y=\"2\" data-db-index=\"2\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"96.4 Mh\/s\" data-order=\"96.4 Mh\/s\" >96.4 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A3\" data-x=\"0\" data-y=\"3\" data-db-index=\"3\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Tesla V100-SXM2-32GB \/ 32 GB\" data-order=\"Tesla V100-SXM2-32GB \/ 32 GB\" >Tesla V100-SXM2-32GB \/ 32 GB <\/td><td data-cell-id=\"B3\" data-x=\"1\" data-y=\"3\" data-db-index=\"3\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"95.7 Mh\/s\" data-order=\"95.7 Mh\/s\" >95.7 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A4\" data-x=\"0\" data-y=\"4\" data-db-index=\"4\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Tesla V100-PCIE-16GB \/ 16 GB\" data-order=\"Tesla V100-PCIE-16GB \/ 16 GB\" >Tesla V100-PCIE-16GB \/ 16 GB <\/td><td data-cell-id=\"B4\" data-x=\"1\" data-y=\"4\" data-db-index=\"4\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"89.9 Mh\/s\" data-order=\"89.9 Mh\/s\" >89.9 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A5\" data-x=\"0\" data-y=\"5\" data-db-index=\"5\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Tesla V100-SXM2-16GB \/ 16 GB\" data-order=\"Tesla V100-SXM2-16GB \/ 16 GB\" >Tesla V100-SXM2-16GB \/ 16 GB <\/td><td data-cell-id=\"B5\" data-x=\"1\" data-y=\"5\" data-db-index=\"5\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"88.0 Mh\/s\" data-order=\"88.0 Mh\/s\" >88.0 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A6\" data-x=\"0\" data-y=\"6\" data-db-index=\"6\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"GeForce RTX 2080 Ti \/ 11 GB\" data-order=\"GeForce RTX 2080 Ti \/ 11 GB\" >GeForce RTX 2080 Ti \/ 11 GB <\/td><td data-cell-id=\"B6\" data-x=\"1\" data-y=\"6\" data-db-index=\"6\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"87.9 Mh\/s\" data-order=\"87.9 Mh\/s\" >87.9 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A7\" data-x=\"0\" data-y=\"7\" data-db-index=\"7\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Unknown AMD GPU \/ 16 GB\" data-order=\"Unknown AMD GPU \/ 16 GB\" >Unknown AMD GPU \/ 16 GB <\/td><td data-cell-id=\"B7\" data-x=\"1\" data-y=\"7\" data-db-index=\"7\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"83.4 Mh\/s\" data-order=\"83.4 Mh\/s\" >83.4 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A8\" data-x=\"0\" data-y=\"8\" data-db-index=\"8\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Radeon RX 570 Series \/ 4 GB\" data-order=\"Radeon RX 570 Series \/ 4 GB\" >Radeon RX 570 Series \/ 4 GB <\/td><td data-cell-id=\"B8\" data-x=\"1\" data-y=\"8\" data-db-index=\"8\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"69.2 Mh\/s\" data-order=\"69.2 Mh\/s\" >69.2 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A9\" data-x=\"0\" data-y=\"9\" data-db-index=\"9\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"GeForce GT 1030 \/ 2 GB\" data-order=\"GeForce GT 1030 \/ 2 GB\" >GeForce GT 1030 \/ 2 GB <\/td><td data-cell-id=\"B9\" data-x=\"1\" data-y=\"9\" data-db-index=\"9\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"67.6 Mh\/s\" data-order=\"67.6 Mh\/s\" >67.6 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A10\" data-x=\"0\" data-y=\"10\" data-db-index=\"10\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"GeForce GTX 1080 Ti \/ 11 GB\" data-order=\"GeForce GTX 1080 Ti \/ 11 GB\" >GeForce GTX 1080 Ti \/ 11 GB <\/td><td data-cell-id=\"B10\" data-x=\"1\" data-y=\"10\" data-db-index=\"10\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"66.9 Mh\/s\" data-order=\"66.9 Mh\/s\" >66.9 Mh\/s <\/td><\/tr><tr ><td data-cell-id=\"A11\" data-x=\"0\" data-y=\"11\" data-db-index=\"11\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"Radeon RX 580 Series \/ 8 GB\" data-order=\"Radeon RX 580 Series \/ 8 GB\" >Radeon RX 580 Series \/ 8 GB <\/td><td data-cell-id=\"B11\" data-x=\"1\" data-y=\"11\" data-db-index=\"11\" class=\"fsize-12\" data-cell-type=\"text\" data-original-value=\"60.3 Mh\/s\" data-order=\"60.3 Mh\/s\" >60.3 Mh\/s <\/td><\/tr><\/tbody><\/table><!-- \/#supsystic-table-12.supsystic-table --><\/div><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.14 --><!-- http:\/\/supsystic.com\/ -->\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Ethereum-Mining-Software\"><\/span>Ethereum Mining Software<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Hardware\ninstallations must be connected to the Ethereum network through Ethereum\nsoftware. Install the program that matches your operating system: Windows,\nLinux, Mac OS. After setting up the software for mining, Ethereum smart\ncontracts and coin transactions using the command line will also be available\nto you. Do not forget to connect the appropriate wallet before mining.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img width=\"800\" height=\"346\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HoneyMiner.png\" alt=\"HoneyMiner\" class=\"wp-image-1835\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HoneyMiner.png 800w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HoneyMiner-300x130.png 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/HoneyMiner-768x332.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption>HoneyMiner<\/figcaption><\/figure><\/div>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Testing\"><\/span>Testing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test tokens allow you to experiment with the capabilities of the network to create smart contracts and decentralized applications. Everyone can also try mine test Ether. But such tokens cannot be <a href=\"\/clue\/best-cryptocurrency-exchange\">sold or exchanged for another cryptocurrency<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"How to create your OWN cryptocurrency in 15 minutes - Programmer explains\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/d5EipPVafsA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Install-Ethminer\"><\/span>Install Ethminer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethminer\nwas created for mining real coins, so immediately after downloading, you become\na member of the network. Beginners must once indicate the e-wallet address to\nwhich rewards will be received.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/www.youtube.com\/watch?v=17_4sICh1-4\n<\/div><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"When-will-I-receive-payment\"><\/span>When will I receive\npayment?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Payments are made almost instantly after the completion of the block (when it got into the <a href=\"\/clue\/what-is-blockchain\">blockchain<\/a>). The reward for one block is three tokens (until recently there were 5). As a bonus, miners receive commissions for each transaction verified. The more significant the transaction amount, the more profitable is the work to prove it.<\/p>\n\n\n\n<p>To mine,\nETH &#8211; is it profitable or not? Follow this pattern: to find out if my mining is\nprofitable, and I have to analyze the performance of Ether miners on special\nonline calculators. Some sites also provide a summary of prices for popular\ncryptocurrencies immediately. Users can evaluate which is more profitable, buy\ncoins or get. Good services:<\/p>\n\n\n\n<ul><li>CryptoCompare<\/li><li>CoinWarz<\/li><li>WhatToMine<\/li><li>MyCryptoBuddy<\/li><\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Joining-a-mining-pool\"><\/span>Joining a mining pool<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A mining\npool is a community of crypto enthusiasts that combines their equipment to work\nmore efficiently. Community organizers charge a fee of 1-2% for this.<\/p>\n\n\n\n<p>You need to\napproach the choice of the community as carefully as investing in\ncryptocurrencies. The benefits of participating in each pool are continually\nchanging. It depends on:<\/p>\n\n\n\n<ul><li>Number of participants;<\/li><li>Equipment capacities of each community member;<\/li><li>Payout structures.<\/li><\/ul>\n\n\n\n<div id=\"supsystic-table-14_27532\" class=\"supsystic-tables-wrap \" style=\" width:100%; visibility: hidden; \" data-table-width-fixed=\"100%\" data-table-width-mobile=\"100%\" ><table id=\"supsystic-table-14\" class=\"supsystic-table border lightboxImg no-border\" data-id=\"14\" data-view-id=\"14_27532\" data-title=\"Mining Pools\" data-currency-format=\"$1,000.00\" data-percent-format=\"10.00%\" data-date-format=\"DD.MM.YYYY\" data-time-format=\"HH:mm\" data-features=\"[&quot;after_table_loaded_script&quot;]\" data-search-value=\"\" data-lightbox-img=\"\" data-head-rows-count=\"1\" data-pagination-length=\"50,100,All\" data-auto-index=\"off\" data-searching-settings=\"{&quot;columnSearchPosition&quot;:&quot;bottom&quot;,&quot;minChars&quot;:&quot;0&quot;}\" data-lang=\"default\" data-override=\"{&quot;emptyTable&quot;:&quot;&quot;,&quot;info&quot;:&quot;&quot;,&quot;infoEmpty&quot;:&quot;&quot;,&quot;infoFiltered&quot;:&quot;&quot;,&quot;lengthMenu&quot;:&quot;&quot;,&quot;search&quot;:&quot;&quot;,&quot;zeroRecords&quot;:&quot;&quot;,&quot;exportLabel&quot;:&quot;&quot;,&quot;file&quot;:&quot;default&quot;}\" data-merged=\"[]\" data-responsive-mode=\"2\" data-from-history=\"0\" ><thead><tr><th class=\"\" style=\"width:; padding: 0 !important;\"><\/th><th class=\"\" style=\"width:; padding: 0 !important;\"><\/th><\/tr><\/thead><tbody><tr style=\"height:91px\" ><td data-cell-id=\"A1\" data-x=\"0\" data-y=\"1\" data-db-index=\"1\" class=\"htCenter htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/SparkPool.png&quot; class=&quot;stbSkipLazy alignnone size-full&quot; width=&quot;220&quot; height=&quot;220&quot; \/&gt;\" data-order=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/SparkPool.png&quot; class=&quot;stbSkipLazy alignnone size-full&quot; width=&quot;220&quot; height=&quot;220&quot; \/&gt;\" style=\"min-width:53.4181%; width:53.4181%;\" ><img src=\"\/clue\/wp-content\/uploads\/2019\/10\/SparkPool.png\" class=\"stbSkipLazy alignnone size-full\" width=\"220\" height=\"220\" \/><\/td><td data-cell-id=\"B1\" data-x=\"1\" data-y=\"1\" data-db-index=\"1\" class=\"htLeft htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;b&gt;&lt;a href=&quot;https:\/\/www.sparkpool.com\/&quot; target=&quot;_blank&quot;&gt;Sparkpool&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 415.30 K&lt;br&gt;Eth Hashrate: 51.59 TH\/s\" data-order=\"&lt;b&gt;&lt;a href=&quot;https:\/\/www.sparkpool.com\/&quot; target=&quot;_blank&quot;&gt;Sparkpool&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 415.30 K&lt;br&gt;Eth Hashrate: 51.59 TH\/s\" style=\"min-width:46.5819%; width:46.5819%;\" ><b><a href=\"https:\/\/www.sparkpool.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Sparkpool<\/a><\/b><br>Monthly Visits: 415.30 K<br>Eth Hashrate: 51.59 TH\/s <\/td><\/tr><tr style=\"height:73px\" ><td data-cell-id=\"A2\" data-x=\"0\" data-y=\"2\" data-db-index=\"2\" class=\"htCenter htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/Ethermine.png&quot; class=&quot;stbSkipLazy alignnone size-full&quot; width=&quot;290&quot; height=&quot;290&quot; \/&gt;\" data-order=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/Ethermine.png&quot; class=&quot;stbSkipLazy alignnone size-full&quot; width=&quot;290&quot; height=&quot;290&quot; \/&gt;\" ><img src=\"\/clue\/wp-content\/uploads\/2019\/10\/Ethermine.png\" class=\"stbSkipLazy alignnone size-full\" width=\"290\" height=\"290\" \/><\/td><td data-cell-id=\"B2\" data-x=\"1\" data-y=\"2\" data-db-index=\"2\" class=\"htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;b&gt;&lt;a href=&quot;https:\/\/ethermine.org\/&quot; target=&quot;_blank&quot;&gt;Ethermine&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 2.30 M&lt;br&gt;Eth Hashrate: 42.7 TH\/s\" data-order=\"&lt;b&gt;&lt;a href=&quot;https:\/\/ethermine.org\/&quot; target=&quot;_blank&quot;&gt;Ethermine&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 2.30 M&lt;br&gt;Eth Hashrate: 42.7 TH\/s\" ><b><a href=\"https:\/\/ethermine.org\/\" target=\"_blank\" rel=\"nofollow noopener\">Ethermine<\/a><\/b><br>Monthly Visits: 2.30 M<br>Eth Hashrate: 42.7 TH\/s <\/td><\/tr><tr style=\"height:110px\" ><td data-cell-id=\"A3\" data-x=\"0\" data-y=\"3\" data-db-index=\"3\" class=\"htCenter htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/f2pool-300x153.png&quot; class=&quot;stbSkipLazy alignnone size-medium&quot; width=&quot;300&quot; height=&quot;300&quot; \/&gt;\" data-order=\"&lt;img src=&quot;\/clue\/wp-content\/uploads\/2019\/10\/f2pool-300x153.png&quot; class=&quot;stbSkipLazy alignnone size-medium&quot; width=&quot;300&quot; height=&quot;300&quot; \/&gt;\" ><img src=\"\/clue\/wp-content\/uploads\/2019\/10\/f2pool-300x153.png\" class=\"stbSkipLazy alignnone size-medium\" width=\"300\" height=\"300\" \/><\/td><td data-cell-id=\"B3\" data-x=\"1\" data-y=\"3\" data-db-index=\"3\" class=\"htMiddle\" data-cell-type=\"text\" data-original-value=\"&lt;b&gt;&lt;a href=&quot;https:\/\/www.f2pool.com&quot; target=&quot;_blank&quot;&gt;F2Pool&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 452.50 K&lt;br&gt;Eth Hashrate: 21.96 TH\/s\" data-order=\"&lt;b&gt;&lt;a href=&quot;https:\/\/www.f2pool.com&quot; target=&quot;_blank&quot;&gt;F2Pool&lt;\/a&gt;&lt;\/b&gt;&lt;br&gt;Monthly Visits: 452.50 K&lt;br&gt;Eth Hashrate: 21.96 TH\/s\" ><b><a href=\"https:\/\/www.f2pool.com\" target=\"_blank\" rel=\"nofollow noopener\">F2Pool<\/a><\/b><br>Monthly Visits: 452.50 K<br>Eth Hashrate: 21.96 TH\/s <\/td><\/tr><\/tbody><\/table><!-- \/#supsystic-table-14.supsystic-table --><\/div><!-- \/.supsystic-tables-wrap --><!-- Tables Generator by Supsystic --><!-- Version:1.10.14 --><!-- http:\/\/supsystic.com\/ -->\n\n\n\n<p>An\nindividual cannot influence all these factors. The only way for each miner to\nincrease profits is to increase their contribution to equipment and hash speed.\nBut, accordingly, your expenses for the purchase of the installation and\nelectricity will increase. How to make Ethereum mining profitable? Do not be\nafraid to leave one community and join another, as conditions are always\nchanging.<\/p>\n\n\n\n<p>To become a\nmember of the pool, register on the site and download their proprietary\nsoftware.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Is-Ethereum-mining-profitable-or-not\"><\/span>Is Ethereum mining\nprofitable or not?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 2017,\nthe reward for completing one block was reduced from 5 coins to three. This\nweakened competition and task complexity also decreased. But with the increase\nin the cost of the token, the number of miners began to increase again, which\nled to the rise in the complexity of mining.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img width=\"1024\" height=\"547\" src=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Daily-Rewards-1024x547.png\" alt=\"Ethereum Daily Rewards\" class=\"wp-image-1836\" srcset=\"https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Daily-Rewards-1024x547.png 1024w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Daily-Rewards-300x160.png 300w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Daily-Rewards-768x410.png 768w, https:\/\/coindataflow.com\/clue\/wp-content\/uploads\/2019\/10\/Ethereum-Daily-Rewards.png 1114w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Ethereum Daily Rewards<\/figcaption><\/figure>\n\n\n\n<p>As the\npower of mining plants increases, so does their energy consumption. The crypto\nenthusiast can only hope that the price of the currency will increase sharply\nin the future so that all costs are paid off.<\/p>\n\n\n\n<p>A change in the Ethereum mining algorithm can significantly affect the current environment. Network participants will be asked to move from a proof of work mechanism to proof of stake. I mean that the mining process itself will become irrelevant. To verify transactions, the network will determine the percentage of coins from each owner. The issue of new tokens will occur in the form of payment of a commission to network participants for checking the transaction.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"How-to-calculate-profits\"><\/span>How to calculate profits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Another hard fork will inevitably affect the price of the token, as happened when the network was branched into Ethereum and <a href=\"https:\/\/coindataflow.com\/en\/currency\/ethereum-classic\" class=\"rank-math-link\">Ethereum Classic<\/a>. Which token of the two new ones will cost more, time will tell. Accordingly, it is impossible to predict whether the extraction of old tokens will be profitable, at least. Making forecasts more difficult is the lack of an exact change date for the Ethereum algorithm.<\/p>\n\n\n\n<p>Given that the average equipment costs more than 2 thousand USD, and allows you to get about 0.5 tokens per month, it will take less than a year to recoup the investment. It is true provided that the price of the token does not fall.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mining ETH\nis a risky investment, even more, risky than the usual purchase of\ncryptocurrency on the exchange. But given that Ethereum offers not only coins\nto pay for purchases or games on the exchange, but also smart blockchain\ncontracts, one can hope for a stable increase in the price of the token. Also,\nif the value of crypto continues to grow, a mining GPU will become a source of\npassive income for the investor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The method of obtaining Ether tokens is still similar to receiving Bitcoins (soon, the developers plan to switch to another algorithm). But supporters of traditional coin production will have the opportunity to continue their activities. To work on the Ethereum network and get coins, you need a GPU for mining Ethereum. In this article, we &#8230; <a title=\"Ethereum Mining Guide &#8211; How To Mine ETH Better in  2021\" class=\"read-more\" href=\"https:\/\/coindataflow.com\/clue\/ethereum-mining\">Read more<span class=\"screen-reader-text\">Ethereum Mining Guide &#8211; How To Mine ETH Better in  2021<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[7,2],"tags":[],"modified_by":"Alex","_links":{"self":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/1704"}],"collection":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/comments?post=1704"}],"version-history":[{"count":22,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/1704\/revisions"}],"predecessor-version":[{"id":2556,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/1704\/revisions\/2556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media\/1780"}],"wp:attachment":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media?parent=1704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/categories?post=1704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/tags?post=1704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}