Ethereum Mine: Complete Guide Better Profit With (ETH) and Zilliqa (ZIL): Launched in 2015, Ethereum is a decentralized, open source software platform based on blockchain technology and used by its cryptocurrency, ether.
Ethereum is not only a platform but also a programming language (complete Turing) running on a blockchain , which helps developers to and execute Smart Contracts and Distributed Applications (ĐApps) avoiding fraud, downtime and third party control.
Ether is nothing more than the cryptocurrency used to run the Ethereum platform . This token is also used to pay for transaction fees and calculation costs.
Ether has become the second most popular digital currency after Bitcoin.
Developers use smart contracts to receive, store and send Ether to other developers. It can be said that Ether is an incentive for developers to build better applications for the Ethereum platform.
HOW TO MINER ETHEREUM
The relative simplicity of Ethereum mining and its popularity have led many people to wonder how to mine Ethereum .
Ethereum mining is based, as happens with bitcoin, on solving mathematical equations on appropriate hardware.
It involves miners from around the world who spend their time solving cryptographically complex puzzles. If successful, miners will be able to add blocks to the Ethereum blockchain and earn a reward. The first miner who solves the equation gets a reward of 2 ETH per block plus any transaction fees added to the block.
While it is only possible to create a total of 18 million new ETHs per year , there is no limit to the total number of tokens that can be issued, unlike Bitcoin which has a finite number of tokens .
There are several ways to mine ETH :
- Mining only (i.e. mining alone)
- Become part of an ETH mining pool
- Cloud mining
- Create your own mining pool
The latter option has proven to have very high competition and large investments are required for this type of mining and is therefore quite not recommended.
Mining Ethereum with specific hardware
Ethereum or Mining Rig mining hardware is a machine specially designed to mine Ethereum.
The rig mining are constituted by a power supply, a motherboard, a GPU or graphics card and a cooling device.
Generally, there are two types of Ethereum mining rigs: CPU and GPU .
CPU mining rigs use the CPU processor to apply complex algorithms to solve the blocks that make up blockchains.
CPU mining rigs are very popular among novice miners, as they are very cheap and easy to use . You just need a PC. However, this is an extremely slow process.
Another effective way to mine Ethereum is by using specialized hardware or GPU (graphics processing unit) which is what provides miners with hashing power.
GPU mining rigs use graphics cards that do not run algorithms like those of the CPU, but complete the mining processes in closed networks.
GPU mining rigs are superior to CPU mining rigs in almost every respect, but the downside is that the former are really very expensive . A quality GPU mining rig can cost several thousand euros.
This is why choosing the right hardware to mine Ether is essential if you want to significantly reduce the costs of your electricity bills.
For this today we will show you some of the best Ethereum hardware.
Radeon RX 5700 XT
The Radeon RX 5700 XT with triple dissipation is the best card that ETH miners use today. It mines at around 60 Mega Hash and uses around 68w per card, which comes in at around € 0.16 per day. The cost varies between 400 and 500 euros.
Nvidia GeForce GTX 1070
The Nvidia GeForce GTX 1070 is one of the most used graphics cards by gamers and, today, also by miners, so much so that it is considered by many to be the best choice for mining cryptocurrencies.
Its main feature is that it can maintain a relatively high hashing rate without using excessive amounts of electricity.
Nvidia GeForce GTX 1660 Ti
A great alternative to the RX 5700 is the Nvidia GeForce GTX 1660 Ti. It mines at around 30.5 Mega Hash per card, and uses around 68w (just like the 5700) and costs at least $ 200 less.
Many miners prefer to use a Radeon as a card of this brand, with the same power as an Nvidia, costs almost half.
Mining Ethereum with your personal computer
If you wish to mine from the comfort of your home, below we will explain how to mine Ethereum with your personal computer.
How to mine Ethereum on Windows
- To mine Ethereum on Windows, you need to have Windows 7 64-bit or later.
- For mining, as we have already seen, you will need a PC or mining rig with at least 4 GB of GPU memory and with at least 4 GB of system RAM . Remember that you will also need a stable and powerful internet connection.
- Install the current version of your GPU drivers.
- Download the mining software. There are many Ethereum mining programs. In the next paragraph we will show you some of them.
- Change your Windows settings. Set the virtual memory size to at least 16,384 MB. Go to the Windows power settings and disable hibernation. Go to Windows Update settings and turn it off. If you’re using Windows Defender or other antivirus software, add an exception so it doesn’t interfere with your mining program.
- Choose a mining pool based on your preferences.
- Edit the .bat file of your mining program according to the instructions of the chosen mining pool.
- Keep your e-wallet prepared to hold the Ether earned. If you don’t have one yet, you can get your wallet by choosing one of those recommended on the Ethereum.org page .
How to mine Ethereum on Mac
Many believe it is not worth mining Ethereum on a Mac .
In fact, the most popular Ethereum mining softwares don’t have Mac versions.
However, a Graphical User Interface (GUI) such as Minergate can be used to mine . To mine Ethereum with Minergate, you will need to:
- Download the software from its website
- Register an account
- Log in to the software with your account
- Start mining Ethereum.
- Unfortunately at the moment, even with Minergate, the GPU for mining on Mac is not yet available.
Programs to mine Ethereum
Supported by Windows and Linux operating systems, Claymore is one of the best Ethereum mining software for Windows 10.
It is one of the most efficient Ethereum mining software as it boasts a dual Ethereum miner that allows you to mine cryptocurrencies with similar algorithms without compromising the hash rate.
One of the main features of Claymore is that it allows you to mine other cryptocurrencies besides Ethereum.
The mining fee is 1%, and if you choose dual mining, the fee will be 2%.
You can find a guide and download link here .
ETHminer is a well-known Ethash GPU mining software that allows you to mine all those crypto based on the Ethash algorithm (Ethereum, Ethereum Classic, Expanse, Musicoin, etc.). Ethminer is supported on Mac, Linux and Windows and is primarily designed for Nvidia graphics cards. It is currently one of the best Ethereum mining software for Windows 7 and Nvidia .
You can download the program and find its guide on Github.com .
As we mentioned in the previous section, MinerGate is one of the best Ethereum mining software for Mac users .
Miners can mine BTC, Ethereum Classic, Monero, DASH, Zcash, Litecoin and some other tokens besides Ethereum.
The commission varies from 1 to 1.5% depending on the mined coin.
It is a rather simple software that can be suitable for beginners and supports several languages.
CGMiner is one of the basic and free Ethereum mining software. It is written in C ++, which is why it is compatible with almost all platforms. It works with a simple command interface, so it can work with multiple pools and mining devices. The user interface and command settings are simple and it offers an Ethereum mining calculator that helps monitor and track the hash rate.
Even though CGMiner is designed as Ethereum mining pool software, GPU can be used. This is an advantage for beginners as they simply have to enter the username, URL and password, select the mining pool and the computer hardware will be defined automatically.
You can download it from this site and quickly install it on your pc.
Geth was developed by the same team as Ethereum and is considered by many to be the original miner . Geth allows you to transfer funds between different addresses, view the history of other blocks and create contracts. It is compatible with Windows, Mac, and you can download it qu i .
Phoenix Miner is a relatively new Ethereum mining program. The latest version supports dual mining , making simultaneous mining of Ethereum and Ubiq (UBQ) possible.
You can find the guide and download link here .
Mining Ethereum with pools
Due to the large number of ETH token miners, the more complex the activity, the greater the reward for a mined block.
This way every miner has very little chance of solving the equation and getting the reward.
This is why many resort to mining pools. A mining pool is a group of miners who share the efforts and rewards of the cryptocurrency mining business.
Technically, a mining pool is a server that breaks down a mathematical equation into smaller equations and distributes it among connected computers . When pool participants solve the equation together, the reward is also distributed among them.
The Ethereum mining pools considered best according to poolwatch.io are:
When choosing a mining pool, we recommend that you consider the following factors:
- Pool hashrate
- Reputation of the pool
- Commission rate
As you have seen, there are many ways to mine Ethereum and the mining process is definitely not the fastest way to get this token.
If you don’t want to complicate your life and want to get your Ether, we recommend that you buy them on a trusted platform .
Get Even Better Profits with Dual Mining Ethereum (ETH) and Zilliqa (ZIL)
If you are a crypto miner, you should be mining Ethereum (ETH) right now with any suitable video card that has more than 4GB of video memory, or if you even have a 4GB one that can still mine in “Zombie Mode” due to high profitability. There is a way to increase your […]
If you are a crypto miner, you should be mining Ethereum (ETH) right now with any suitable video card that has more than 4GB of video memory, or if you even have a 4GB one you can still mine in “Zombie Mode” due to to high profitability. There is a way to further increase your earnings when mining ETH and that is to mine Ethereum and Zilliqa (ZIL) .
Thanks to the Zilliqa consensus mechanism, the ecological footprint of mining has been reduced considerably such that it only takes 1 minute out of every 1.5 hours to mine ZIL, allowing you to mine other cryptocurrencies such as Ethereum (ETH) or Ethereum. Classic (ETC) the rest of the time. So the ZIL coins you have mine can be betwith about 6% -12% APY, so an added profit if you plan to hold your Zilliqa coins long term.
Zilliqa is a high-performance public blockchain platform designed to scale to thousands of transactions per second. It is designed for performance, scalability, and security. ZIL is the token that powers the Zilliqa blockchain, a token that can be used for executing smart contracts, rewarding miners, covering transaction fees, and more.
The company (and platform) has its roots in academic research, was born at the National University of Singapore and was the brainchild of a team of academics, entrepreneurs and engineers. With the launch of the Zilliqa mainnet in January 2019, it became the first public blockchain platform in the world to successfully use sharding as a scaling solution.
The current price of a single Zilliqa (ZIL) coin is just over $ 0.09 USD or roughly 0.000001968 BTC or 0.00005237 ETH according to CoinMarketCap. Zilliqa is currently at number 56 in terms of coin market capitalization and may soon take its place in the TOP 50 crypto currencies based on their market capitalization.
The Ezil.me Mining Groupmine Ethereum (ETH) or Ethereum Classic (ETC) and Zilliqa (ZIL) simultaneously. Most of the time the pool is mining ETH or ETC, but just before a ZIL mining round starts, which is every few hours, the pool will automatically switch to ZIL mining for one minute, then instantly go back to mining.
ETH or ETC. From the individual miner’s perspective, no action is required as everything happens automatically in the background, and the reward is credited and paid out in the same way for both dual-mine cryptocurrencies (ETH + ZIL or ETC + ZIL).
The group does not require registration, you only need an ETH and ZIL wallet address as they are your user IDs to log in. An easy way to get the ZIL wallet address is to use a compatible exchange likeBinance , Although we generally do not recommend direct mining of cryptocurrencies to an exchange .
The Ezil.me Pool has a minimum payment for Ethereum set at 0.05 ETH and a minimum of 30 ZIL (you can increase them above these values) with daily payments if the minimums are met.
Mining rewards are credited to your party’s balance every 30 minutes, so don’t worry if you don’t see any ZIL coins mined immediately after the mining round ends. However, the pool has a default 1% commission for miners if you use promo code 58f6 , you will get an additional 0.10% refund for two weeks, which will basically reduce the pool’s initial mining fee from 1% to 0.9 % for some time.
You can mine ETH + ZIL from double mine on AMD and Nvidia GPUS using various miners like PhoenixMiner, the T-Rex or LolMiner and you should even be able to use the More Epochs Мod v1.4 for Claymore Ethereum (ETH) Miner v15 .
ETH + ZIL dual mining example in Ezil.me Pool:
PhoenixMiner.exe -pool stratum1 + tcp: //eu.ezil.me: 5555 -proto 2 -wal ETH_WALLET.ZIL_WALLET -worker WORKER -stales 0 -log 0
ETC + ZIL dual mining example in Ezil.me Pool:
PhoenixMiner.exe -pool stratum1 + tcp: //eu.ezil.me: 4444 -proto 2 -wal ETC_WALLET.ZIL_WALLET -worker WORKER -coin etc -stales 0 -log 0
* Make sure to replace the two WALLET lines with your ETH / ETC and ZIL wallets and also set WORKER with a unique name for each mining rig pointing to the pool.