That’s it! If you want a detailed explanation about Ethereum mining keep on reading. Step 2 – Get an Ethereum wallet ( Mist or MyEtherWallet).Step 1 – Install your GPUs and set up your computer.Unlike Bitcoin mining, Ethereum mining can be done with a Graphical Processing Unit (GPU) only. Ethereum Mining SummaryĮthereum mining is the process of maintaining the Ethereum ledger through solving complex mathematical problems. In this post I’m going to cover what Ethereum mining is in a nutshell and what you need to do in order to mine Ethereum profitably. All you need is a Graphics Processing Unit (GPU) and you can start generating Ether. Getting started with Ethereum Mining is pretty easy.
The article below is kept for historical purposes and will no longer be updated. Two staking alternatives we recommend looking into are CEX.io and Binance. Important update: For our readers who are looking to make a profit with crypto, we recommend looking into Ethereum staking as an alternative for mining.Įthereum mining is no longer recommended Ethereum is expected to fully move into a PoS algorithm in 2022, which will render mining obsolete.
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