How to mine Ethereum?
Welcome to Cruxpool, an Ethereum mining pool. Our mission is to provide you with the most efficient tools to mine on the Ethereum blockchain. This quick start guide will show you where you should begin your mining experience with Cruxpool.
Blockchain and mining
If you’re here, you probably know what the blockchain is all about. But just in case, you can watch these videos to get a general idea of how it works. What you need to understand is that Cruxpool is supporting the blockchain by gathering computing power that will validate the transactions happening on the blockchain, In order to encapsulate them into blocks.
This is where you play your part, by putting in common with other miners your hashrate i.e. your computing power.
Why should you choose Cruxpool?
First, you have to download the software through this link. Make sure you choose the right file for your OS. If you are on Linux, take the file in .tar.gz, if you are on Windows, take the file in .zip.
PPS+ SYSTEM
PPS+ or Pay Per Share + is a pretty simple method of payment. Miners are paid for each validated share. Then the mining pool will pay a small reward to thank the miners for validating a share. The mining pool also pays the fee transactions that are included if a block is found.
0.01 ETH PAYOUT THRESHOLD
A very low payout threshold means that you do not have to mine multiple blocks in order to get your payment. This participates to a better stability of your revenue !
REAL-TIME STATISTICS
Track all the data you need, in order to be informed on your mining activity, get a comprehensive view of your estimated and expected revenues, but also to check the performance of your hardware.
PROFESSIONAL SUPPORT
Our team is dedicated to your satisfaction and remains available for any questions. If you need support, we’ll be there for you !
STEP 1
Why and how to mine Ethereum?
When you mine a block, you become part of the blockchain process of verification of transaction, and you have a role in the creation of the new blocks. When a block is found there will be a retribution for your efforts.
This reward consists in fraction of cryptocurrencies, that depends on many factors but once the job is done those cryptos will go to your wallet, and you can exchange them right away, let them take some value for future trading purposes, buy the cool stuff you want etc. You can then create a form semi-passive income !
What do you need to start mining?
A mining rig, which is a combination of graphic cards that are optimized for crypto-mining.
A wallet, which will be used to store your cryptocurrencies. It receives the rewards from your mining.
A mining software, in order to tell your mining rig what they have to do, and where they should connect.
Cruxpool, a mining pool that will be sending to your rig the jobs required by the blockchain. The pool will then send the rewards from mining
If you don't have a mining rig, you first need to buy or build one !
Lucky for you, we have solutions for both cases. We have a partnership with JustMining a company that builds and sells mining rigs directly to you. We suggest you take a look at it, you’ll probably find something suitable for your budget !
In case you are more at ease with computers, you can buy on your own the components and start building the rig with your very own hands !
STEP 2
Operating Systems
1. INSTALL GPU DRIVERS
Find all drivers for: NVIDIA GPU – – – AMD GPU
2. INCREASE VIRTUAL MEMORY OF THE CARD
Click on Advanced System Settings, then on Performance Settings. A new window will open and click on Advanced. Click on Change, uncheck the Automatically manage paging file size for all drives and then tick Custom size. You will have two unlocked fields. On the initial size field, put 24,000 and on the maximum size field, put 30,000
3. DISABLE SLEEPING MODE
To disable updates, type Services in the search bar or Cortana of your Windows. Once you get to this page, look for Windows Update in the list of services. When you have it, right-click and select Properties, and then set on disabled on the Startup type.
For further informations, click on that tutorials following your RIG configuration.
1. INSTALL GPU DRIVERS
Find all drivers for: NVIDIA GPU – – – AMD GPU
2. DISABLE LOCK MODE
To change these values, go to Ubuntu settings, then to Brightness & Lock tab. Then, disable Lock and uncheck Require my password when waking from suspend.
3. DISABLE SLEEPING MODE
To change these values, go to Ubuntu settings and then to Power tab. Then, set Don’t suspend to Suspend when inactive for.
For further informations, click on that tutorials following your RIG configuration.
Dedicated mining OSes allow to optimize the mining experience compared to more classical OSes. Because they are exclusively dedicated to mining, they have many features to set up your graphics cards and your RIG in general. We have tutorials available for the following mining OSes.
STEP 3
Choose a mining software
Mining software are programs that allow your RIG to work and then mine cryptocurrency. We have tutorials available for the following mining software. See our dedicated tutorials here :
STEP 4
Monitoring your data
In order to offer the best mining experience possible to our miners, we have implemented a monitoring dashboard
Your dashboard is the place where you can monitor and control everything. On the main page, you’ll be able to see your global hashrate, the number of active and inactive workers (RIGs). You can also check your real time balance and the last time you got rewarded. As you can see on the image below, we also added a chart that allows you to follow your hashrate over the last 24h.
When you click on the Statistics button, you’ll get access to a more detailed view of the main dashboard. This will allow you to control and monitor stat in one glance. The Hashrate box displays data on the computing power generated by your RIG.
The Shares box, shows the number of share that you submitted to the pool. If you don’t know what a share is, check our article dedicated to the shares. The Workers box is about rigs that are active or inactive. This will help you control is there is a disconnected rig that needs fixes or reboot for instance. Eventually, the Balance box is a summary of all payments and income you have with our mining pool.
Scrolling down on the same page, you have access to the detailed view of ou active rigs. This will help you monitoring the performance of each worker more easily.
By clicking on Earnings, you will be able to check all data concerning profitability and revenue you get from your RIGs.
Here you can see you current Balance, Expected earnings, Total paid amount since you started using Cruxpool, but also the individual list of all payments done.
STEP 5
How to mine Ethereum Classic?
If you have followed our guide you now know how to mine Ethereum. Lucky for you, mining Ethereum classic requires basically the same configuration. So, when if you feel that switching to ETC would be more profitable for you, you can do it in a few minutes – it’s not rocket science.
What is Ethereum Classic?
In another article on our blog, we explained how Ethereum Classic was born. For a time, there was only Ethereum and its blockchain kept stacking. The Ethereum network allows applications to run and execute certain types of contracts when they meet specific conditions (on a “IF/THEN” basis). All of this changed when a decentralized organization that ran on Ethereum got hacked: the DAO (Decentralized Autonomous Organization).
How to mine Ethereum Classic?
Well, that is the easiest part of the job. As we said earlier, you don’t need to change anything in your hardware and the configuration is the same for both NVIDIA or AMD cards.
The only modification you need to do is to change the stratum port to 7777 instead of 5555.
Servers are automatically geolocated so simply enter the following address etc.cruxpool.com.
The last thing you’ll have to do is to change your wallet and select one that is compatible with Ethereum Classic. We can recommend ClassicEtherWallet but be aware that previous hack have been reported so be very careful with that, it’ll never be safer than a regular cold wallet.