How to mine Ethereum Part 4: The Configuration

how to mine Ethereum

Now that we have assembled our mining RIG and we have chosen software and pool to mine, it is time to configure our miner to begin to mine Ethereum. Although many people believe that this phase is exclusively for programmers, you will be surprised how easy it can be to complete it.

You will learn how to configure everything to start mining with MinerGate AND Claymore, the three most used software for mining Ethereum today, although in the future may arise many more.

Installation and configuration of Claymore

Before downloading and installing the program, we have to increase the virtual memory of our computer. For this we must access the path “Computer Properties / Advanced System Settings / Performance / Advanced / Virtual Memory” and select a value greater than 16GB. We also have to change the power options and set the computer to never enter hibernation or suspend mode and disable automatic updates to avoid interruptions during mining. Once this is done we follow the steps that are detailed below.

Step 1: First we must download the miner which can be found in the thread created in BitcoinTalk by its developer. Then we proceed to open the file rar. or zip. depending on the case and we extract the main folder on the desktop of the computer or on the hard disk.

Step 3: In the folder of the miner there is a file called config.txt in which the default configuration of the miner is found. We proceed to make some changes so that this mine according to our demands.

Step 4: In the file we are told that we must eliminate the “#” of each value so that it can be applied. The parameters are identified by having a hyphen and a value and everything that is placed after that is the attribute.

Claymore COnfiguración

Step 5: we proceed to change the default attributes of each parameter; in “-epool” we will place the address of the mining group to which we will join; “-ewallet” refers to the address where the rewards will be sent, so we must replace the one that is there with ours; “-epws” refers to the password of the miner within the group which we must establish to ensure our work; “-mode” refers to the mining mode that can be dual, it is placed “0”, or only ether, it is placed “1”; “-ems” is the stratum mining mode of Ethereum; “-tt” we set the maximum temperature of each GPU to avoid breakdowns, the software will control the fans of each one for it; “-asm” activates the core synchronizer to combine the power of each GPU.

Step 6: Once these values ​​are modified, we proceed to save the changes and we can start mining without problems.

Minar ether with MinerGate

MinerGate is the mining software for beginners because it practically does not need any configuration. We just have to download and install the program like any other desktop application. So downloading the program and running the installer will suffice. Once the program is installed we can enjoy the following functions:

interfaz minergate

Wallet: The wallet is the MinerGate wallet in which all the rewards that we obtain will be stored. In this section we will see an interface in which the available balance is reflected and a field in which we must indicate an Ethereum address to withdraw said earnings. The only condition to withdraw is that the amount is not less than 0.02ETH.

Smart Miner: this is MinerGate’s smart mining. This software allows us to mine other cryptocurrencies besides Ethereum. What smart mining does is start mining the most profitable cryptocurrency according to the market value of it.

Miner: This is the standard MinerGate miner. In it we can start mining any of the available cryptocurrencies although in this case what we are interested in is mining ether. So we are going to choose Ethereum and click on start to start exploiting the network. In the case of this cryptocurrency, a Pay Per Last N Shares reward system (payment for the last N solutions) is used, which gives a slightly greater reward to the miner who discovers the latest solutions. The N is a reference to a random number.

Others Pools: this is a tab that allows us to enter other groups of miners. In this case CryptoNotes coins are used, among which are not Ethereum, Bitcoin or Litecoin.

Benchmark: this tab allows us to calculate the power of mining that our computer has.

Archievements: in this section we can see our brands and achievements. Mining is treated in this case as a game and every time we have a good round we get an achievement which is saved in this section.