How to mine Ethereum on your PC
By Danish Wadhwa
The cryptocurrency revolution has come down to the enthusiastic miners who build their machines to perform highly complex proof of various work algorithms and process the data blocks, developing the more of their chosen currencies such as Ethereum and Bitcoin. You can also find the fully functional mining equipment online or rent the processing power. On the other hand, if your home PC is powerful enough, there is no reason you couldn’t get started on Ethereum.
A handy program such as MinerGate client is used, which connects you to the MinerGate mining pool. There, you will be able to share some of the machine resources and consequently share the rewards of the generating Ether. In this guide, you will learn how to mine Ethereum on your PC — but before you start, there is a thing you should remember. The amount of cash that you will make only depends upon the mining difficulty as well as the power of your hardware. The benchmarking tool that is built inside MinerGate will give you an idea of how much will you make per annum. It should also be known that the electricity used by your machine isn’t taken into account.
Here’s how to mine Ethereum on your PC.
Download MinerGate client
First of all, you should navigate minergate.com, click the download button, and start mining. In case you are using Microsoft Edge, you can go straight away to launch the installer. The entire setup will get launched, but you should make sure to close down other running applications. You will see the install option in the next screen. Add MinerGate to the system path for the current user.
Launching MinerGate
As soon as the setup is finished, it will make a shortcut your desktop. The setup will launch the program automatically after clicking “finish.” At the top right side, the MinerGate will launch. Click “account” and you will have to enter your email credentials. You should note the username and password, because they will enable you to get access to any mine funds.
After that, MinerGate will display a message that will say that smart mining is activated. The MinerGate mining tool will try to use your PC resources to mine cryptocurrency most productively.
Benchmark PC
The hash rate afforded by the GPU and the processor will determine the machine’s success rate at mining points. In case you are not fully confident whether the power of your machine is enough to mine cryptocurrency, click on the benchmark bar and start benchmark. You PC’s ability to mine different types of coins will be checked automatically by the MinerGate along with the score. To mine cryptocurrencies such as Ethereum, various dedicated miners specifically purchase custom equipment. In addition to this, the most profitable way to mine is to own a machine with multiple graphics cards as they are more efficient in mining Ether than an old CPU.
Begin mining
At the top of the screen a miner tab will open, and by clicking on that, you will be able to choose a specific cryptocurrency to mine. Then click on “start mining” next to ETH. To deselect other cryptocurrencies, you should click on “view menu” until only ETH remains. You will be notified by MinerGate that it is loading a Dagger Hashimoto (DAG) file. This file is 1 GB in size, representing the work algorithms important to mine the Ethereum data blocks.
Meaning of numbers
You would want to understand your progress once you begin mining. You will be able to view your currency balance by clicking on the “miner” tab representing all the ether you mined. You can view your current hash rate in the CPU and GPU mining sections. Assuming that you have more than one CPU/GPU to dedicate to mining, use the drop-down section to choose their numbers. To ensure that everyone receives a fair reward in the line of work done by their machines, the shares section is divided by various machines in the Ethereum Mining Pool.
It is recommended to keep updating yourself regarding the tools, because they might become obsolete, and other mining pools may emerge while others fall away.
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