How to mine Ethereum

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1. Choose mining hardware

Before getting started, you will need to:

  • Buy mining hardware: graphics cards (GPU) AMD or Nvidia with at least 4+GB RAM. To check the profitability of your hardware, please visit WhatToMine;
  • Connect your GPUs to Windows or Linux compatible PC using PCI slots;
  • Install the latest GPU drivers.

2. Create ETH wallet

To get rewards from mining, you need to have your personal ETH wallet. Here are some popular wallets:

  • Hardware wallets Ledger Nano S or Trezor; 
  • Browser wallet Metamask;
  • Exchange’s wallet cex.io.

3. Connect miner to the pool

To start mining in the pool, you need to configure your miner. Here are minerall.io pool settings:

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1530021575648-9e093f9c-bf06″][vc_column_text]URL: pool.minerall.io
Port: 3401
UserName: your username on minerall.io
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1530021575741-73100708-2231″][vc_column_text]URL: pool.minerall.io
Port: 3401
Wallet: your personal ETH wallet
WorkerName: name of your worker, optional[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_tta_accordion][vc_tta_section title=»Claymore’s Dual Ethereum GPU Miner (Windows)» tab_id=»1528301420976-2b8bc276-2109″][vc_column_text]

  1. Download latest version from the BitcoinTalk thread.
  2. Extract zip files to a folder.
  3. Open the folder you’ve just extracted and find start.bat file.
  4. Click edit and replace default parameters with minerall.io ones.
  5. Save the file and start
  • epool: pool.minerall.io:3401
  • ewal: UserName.WorkerName (for registered users) or Wallet.WorkerName (for anonymous users)
  • esm 3: required parameter

Example for registered
EthDcrMiner64.exe -epool pool.minerall.io:3401 -ewal darthvader.blackminer -epsw x -esm 3 -allpools 1

Example for anonymous
EthDcrMiner64.exe -epool pool.minerall.io:3401 -ewal 0x09ab1303d3CcAF5f018CD511146b07A240c70294.whiteminer -epsw x -esm 3 -allpools 1

Dual mining. For mining additional coins like VERGE, use dual mining

EthDcrMiner64.exe -epool pool.minerall.io:3401 -ewal ETH_Wallet.WorkerName -epsw x -esm 3 -allpools 1 -dcoin blake2s -dpool pool.minerall.io:4101 -dwal XVG_Wallet.WorkerName

[/vc_column_text][/vc_tta_section][vc_tta_section title=»HiveOS (Linux)» tab_id=»1528301421013-6539c24d-a518″][vc_column_text]Settings for HiveOS:

No specific settings needed, as Minerall.io is already integrated into the HiveOS pool’s list.
To start mining ETH do the following:

  1. Sing into your HiveOS account.
  2. Go to the Wallets section and add ETH wallet:
    Coin — ETH.
    Address — ETH wallet or your username at Minerall.io.
    Name — worker name.
  3. Go to the Flight Sheets section. In drop-down menus set the following:
    Coin — ETH
    Wallet — the wallet you’ve added in the point 2.
    Pool — Minerall, EU server enabled.
    Miner — Claymore Dual or ETH miner.

[/vc_column_text][/vc_tta_section][vc_tta_section title=»Nicehash» tab_id=»1528301860390-0bd1bf89-ef03″][vc_column_text]Algorithm: DAGGER-HASHIMOTO(S)
Stratum Server: pool.minerall.io
Stratum port: 3401
User: your ETH Wallet or UserName on minerall.io
Password: x[/vc_column_text][/vc_tta_section][/vc_tta_accordion][vc_column_text]

4. Track your stats

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1528297839923-e3d02e13-a7c3″][vc_column_text]Login to your account and then go to the Dashboard section.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1528297839889-4e57b649-69f1″][vc_column_text]Go to the Miner Stats page and enter your ETH address to the search box.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][vc_column_text]

5. Get rewards

[/vc_column_text][vc_tta_tabs][vc_tta_section title=»Registered user» tab_id=»1528297985819-e0f9b6e4-c68d»][vc_column_text]You will mine on the pool’s common ETH wallet and then withdraw rewards to your personal wallet from minerall.io account.[/vc_column_text][/vc_tta_section][vc_tta_section title=»Anonymous» tab_id=»1528297985865-0235a4d0-d85f»][vc_column_text]You will receive auto payouts to your personal ETH wallet once per day.[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row]

Release Notes: May 2018

Mining Pools

  1. ETH and ZCL mining pools added. Check Mining Pools section to check the list of all supported coins. 

Statistics

  1. Statistics per worker added. Now you can group your stats by day, worker or algorithm. 
  2. Detailed statistics on each transaction in real-time. 
  3. Statistics page has been extended with grouping, sorting and filtering options. 
  4.  Interactive dashboard updates with actual mining data. 

Payouts

  1. Instant payouts for each verified sum. Check Auto-withdrawals in the Balances section for detailed statistics. 
  2. Up to 10 wallets for each cryptocurrency. Check Wallet Manager in the Balances section to add more wallets.

Support

Improved customer support:

  1. Tickets system for logged in users.
  2. Quick chat via Telegram. All updates, news or any significant reports are published there. 

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Meet Minerall.io, the most advanced multipool ever

The Proof-of-Work mining has always been one of the basic concepts in cryptocurrency world. In fact, most coins actually exist thanks to it. There’s no surprise that there are a lot of advances in mining management and technologies that offer ways to receive more income while saving power and cooling expenses, such as mining in a pool, multiple coins mining, or enhanced analytics for better concentration on more profitable activities.

There are lots of mining pools out there, why launch any more in the first place? Well, while lots of them have some distinct features giving them a leap forward from the competitors, we at Minerall.io are making one which will include all the reasonable improvements over average pools to provide miners with one perfectly integrated solution for any requirement they might have.

WHERE WE ARE AT NOW

Currently, our team of experts with mind-boggling expertise in cryptocurrency mining technology has developed and introduced the fairest and most transparent PPLNS scheme running on some of the most secure and reliable infrastructure. Thus, our main task is to provide our customers with the most detailed and precise global and per-worker statistics, to make the absence of stealing shares or hidden fees provable. This way, we both offer somewhat the best mining dashboard on the market and pay our miners every single bit of work they did, without any shadow economy involved.

On the reliability side, we have located the most advanced and powerful hardware around the globe, so that any miner has a point which will provide them with the most stable and fast connection, no matter where they are located. Minerall.io’s wallet infrastructure is also distributed around the best data centers to offer maximum security for our customers’ funds.

WHAT IS TO FOLLOW

All these basic things give us a strong groundwork for building the best features upon it, which will be presented in the nearest future. Currently, we’re working on multiple coins mining. From the security point of view, we’re further increasing the safety of funds by implementing 2FA. We also develop Telegram bots to send both stats and security messages on the fly in the fastest manner and to provide options to make appropriate actions right in the messenger. While Minerall.io requires registration to offer some features, we respect people’s striving to anonymity and will make the basic services, such as single coin mining, accessible to everyone without registration.

OUR LEAP FORWARD

There’s one more thing in the works we’d love to share with you. Minerall.io will offer the most flexible solution for mining of multiple coins on one device. Customers will be able to distribute the power of their workers between different coins to create the most profitable mining portfolio possible. With compatible hardware, it will be possible to dedicate different mining devices to mining of coins based on different algorithms, and even to mine different coins based on the same algorithm within one device, even if it is only a single GPU. All of it will be easily manageable from one software interface offering all analytic and management features to make such multiple coins mining the most profitable solution up to date.

AVAILABLE POOLS AT MINERALL.IO

At the moment, we offer 8 pools for mining of selected most profitable coins, namely: Ubiq (UBQ), Hush (HUSH), BitcoinZ (BTCZ), Monero (XMR), Ethereum Classic (ETC), Monoeci (XMCC), LitecoinZ (LTZ), xvg-blake2s (XVG-BLAKE2S). Of course, we will constantly review the list and add more great coins to be mined to offer the most profitable solution on the market. We are always open for cooperation for big miners and can add new pools for them to give the advantage of using our straightforward stats review system, reliable infrastructure, personalized customer support and the fairest approach to fees and miner payouts.[vc_row content_placement=»middle»][vc_column][vc_btn title=»Start mining» style=»flat» color=»primary» align=»center» link=»url:https%3A%2F%2Fminerall.io%2F|title:Start%20mining|target:%20_blank|»][/vc_column][/vc_row]

Proof-of-Work Mining

What is Proof-of-Work mining?

Proof-of-Work, or PoW, is one of the basic ways of emitting new coins to a cryptocurrency infrastructure while maintaining it by the means of mining. To put simply, PoW allows the currency’s blockchain to include a record by which those who make a certain amount of work to make the currency work (i.e. who is mining) receive a payout to their wallet and now have some coins to make payments with.

Essentially, blockchain doesn’t store information about wallet balances as it is but instead is able to extract it swiftly from the history of the transaction, stored in it. This way, the creation of new money is also stored as a transaction, literally, from nowhere, and it is sent to those who store and maintain information about all transactions by mining, as the system payment for their resources.

Advantages of POW mining

One of the advantages of PoW is the idea of emitting new coins in small parts to different parts of the ecosystem which helps to avoid inflation. PoW protocol also helps to save the network from attacks. Although those are possible, currently such attack will require a power draw of a large city to affect the normal operation of any major cryptocurrency. It also helps to confirm (or decline) transactions by a distributed consensus of several miners.

Disadvantages of POW mining

On the other hand, it is really energy-inefficient, slow, expensive to provide and unsustainable, causing lots of energy to be put into it, leading to more emissions and bigger load on the energy grid. Although, while major attacks like 51% attack, double spending or egoistic mining are extremely hard to execute, those are still possible and leave a big security flaw in the systems of several cryptocurrencies.

Top POW cryptocurrencies

Of course, there’s Bitcoin. Bitcoin is considered the first actual cryptocurrency, and it uses PoW at its basis from the beginning. As its legacy it also brings numerous forks like BitcoinCash, Private Bitcoin, Litecoin and LitecoinCash, which are somewhat popular until now, and even more forks with smaller changes to their protocols, which still seem to have a community after extreme growth just a few years ago, such as Namecoin, Dogecoin, and Primecoin.

Several new cryptocurrencies use PoW, sometimes in conjunction with other protocols, to support more modern blockchains with data storing, improved timing, on-chain computing, digital assets, smart contracts etc. Several examples of those are Dash, Monero, Zcash, Ubiq, Hush and, of course, Ethereum and its forks.

Other mining protocols

There are several other protocols that enable to partially emit new coins apart from PoW, requiring lots of computational work to be put into the system.

Proof-of-Stake (PoS) grants block creation payouts to miners who have the most coins on their wallets, and who have that number there for the longest time with some limits. Usually, those are selected randomly from the pool of the worthiest coin holders. This way only the biggest supporters are granted for the value they put into a currency and motivated to go on with mining.

Proof-of-Capacity (PoC) sends the payouts to miners who allocate more disk space for storing the blockchain on their computer and making the cryptocurrency work. Usually, this protocol is less resource-oriented than PoW but still may require lots of storage for faster or older PoC coins.

Proof-of-Authority (PoA) is a newer concept using miner’s real identity for selecting and confirming transactions. In this way, there’s no distributed consensus on which transactions should be approved, but a major network influencer’s opinion is used instead, whose reputation can be changed based on the quality of approved transactions. This protocol is not suitable for public blockchains like Bitcoin but may be great for private and corporate chains.

There are some other protocols and concepts, but currently, PoS is viewed as a major counterpart to PoW. Lots of coins transfer to PoS and lots of study is put into it to understand whether PoS is the next big thing that should happen with major cryptocurrencies in the near future. You can read the latest whitepaper on that here.