This blog post will walk you through how to mine Ethereum and to make the post as focused as possible, couple of assumptions first:
- You have a working knowledge about what’s Ethereum and mining
- Working rig with GPUs capable of mining
- You have an Ethereum address where you want to send your mined ETH
- I’m running on Arch so my commands might be slightly different than yours
Its worth noting that you can actually mine using just your CPU but its going to be very slow, so much so that its pointless if you’re really serious about mining. Anyway, there are three ways that I know how to mine Ethereum:
- Running your own rig connected to your own node
- Running your own rig connected to mining pool
- Hire a mining service
Of those three, I’ve only have personal experience with the first two and that’s what we’re going to look at.
Before we can run the miner, we need drivers for our GPU. I have an NVIDIA GTX 1060 so I’m going to install the
cuda (NVIDIA’s programming toolkit) and
opencl-nvidia (NVIDIA’s implementation of OpenCL):
$ yaourt -S nvidia cuda opencl-nvidia
This will let us run the miner either via OpenCL or Cuda.
We’re going to use ethminer, so lets install it:
$ yaourt -S ethminer
Then we can run the simulation to test the miner is working, first lets simulate using CUDA:
$ ethminer -U -M
and then OpenCL:
$ ethminer -G -M
If you don’t see any error, then we’re ready to mine.
via own node
First we’re going to see how to mine using our own Ethereum node. This requires running an Ethereum client, we’re going to use the official go implementation called geth so lets install it:
$ yaourt -S geth
To be able to run your own node requires that you fully sync your node with the Ethereum network, that means downloading all the transactions since genesis (the first ever block). At the time of writing, my fully synced local node’s size is around
27.5 GB. When you first start
geth, it’ll sync with the network and that could take a while but you only need to do this once. If you always keep your node connected, it’ll always be synced, if you stop it for couple of days for example, you’ll have to sync whatever data happened in between again since the last you synced. Note that you can’t run the miner until your node is fully synced.
$ geth --rpc --rpccorsdomain localhost --etherbase <your address>
Don’t forget to pass your actual address where you want Ethers to be sent to. Then finally, lets run the miner:
$ ethminer -G
Notice we didn’t pass anything except for the flag that we want to run the miner using OpenCL. The miner uses the default RPC url to find the RPC server and since we use the default when we ran
ethminer will be able to find it. And that’s it, we should be mining using our own node.
Depending on your rig’s setup, it might take a while before you receive some ethers. You can use this calculator to see an estimate how long you might have to wait. Its important to realize this because often times, utility cost is more expensive that what you might be earning.
via mining pool
The advantage of mining together with a pool is that you’ll get paid more frequently albeit in smaller amount but at least in steady stream.
There are several mining pool out there, but for this we’re going to use ethermine. The steps are straight forward, we still need the
ethminer which we already install above. If you visit their site hey have different ways to connect, we’re going to use the first one which is the “Stratum mode using Genoils Miner”.
You can pick your desired stratum server depending on your localtion, I’m going to use
asia1.ethermine.org:14444 and then run the miner like so:
export GPU_FORCE_64BIT_PTR=0 export GPU_MAX_HEAP_SIZE=100 export GPU_USE_SYNC_OBJECTS=1 export GPU_MAX_ALLOC_PERCENT=100 export GPU_SINGLE_ALLOC_PERCENT=100 ethminer --farm-recheck 200 -G -S asia1.ethermine.org:14444 -FS asia1.ethermine.org:14444 -O <your address>.<rig name>
Again don’t forget to replace with your actual address followed by dot and then your rig’s name. You can use whatever you like for the rig name just make sure its unique for each miner you have.
Let it mine for a few minutes, then visit ethermine and type your address on the search box at the type. This will show your miner’s stats hashrate, ethers you’ve earned by mining, etc. like:
Under the settings tab, you can configure the ether threshold when you’d like to get paid. Alright, that’s about it. Happy mining!