How to Mine Ethereum (2019)

How to Mine Ethereum (2019)

Ethereum is one of the easiest cryptocurrencies to mine, using idle computer resources to earn daily revenue in Ethereum (ETH). This is especially true if you have a high end computer, as they usually have the necessary hardware to mine Etherum. This guide will cover the basics of Ethereum mining and will get you started in less than 5 minutes. In order to get mining, you’ll need a Graphics Processor (GPU). GPUs are usually in gaming computers and high-end computers (eg MacBook Pro or Dell XPS).

Popular Graphics card Nvidia RTX 2080 can be used to mine Ethereum

Note: If you don’t have a GPU, check the bottom section of this guide and we’ll teach you how to buy and install one.

Potential revenue mining from popular GPUs:

Potential Revenue mining Ethereum (Calculated on Oct 29 2019)

Easiest way to mine Ethereum (Honeyminer)

Honeyminer is an all-in-one mining solution that automatically mines on your computer without any technical knowledge. Honeyminer automatically joins a mining pool, so you can get daily payouts of the revenue you generate from mining.

Honeyminer dashboard

Once installed, the software will automatically mine the best cryptocurrency (including ethereum) using all available hardware – both CPU and GPUs available on the machine. To see the daily revenue, open up the “see full activity panel” to get a breakdown of the hardware being used.

Honeyminer Control panel showing daily profit of $0.35 per day

When Honeyminer is running, the computer’s hardware will get 100% utilized. It’s still run simple tasks on the computer, like web-browsing or composing emails. However, running video games or editing photos/videos will become slower. It is advised to turn-off honeyminer when doing resource intensive tasks.

It is important to note that Honeymoney will mine the most profitable cryptocurrency at the time (including ethereum) and convert the revenue into Bitcoin (displayed in Sats, satoshi). If you want to specifically mine ethereum and earn ethereum, check the advanced guide below.

One disadavantage of Honeyminer is the platform fees. Currently, Honeyminer takes 8% fee for the 1st GPU and 2.5% for additional GPUs. This means a portion of the revenue will go to Honeyminer. If you don’t want to pay platform fees, you can try the advanced Ethereum Mining option

To install Honeyminer, download it here:

Advanced Ethereum Mining

There are 3 main software miners for mining ethereum – Claymore’s Dual Ethereum, Ethminer and Pheonix Miner. These miners have advanced options such as optimized memory timings (increase performance by ~10-20%) and support for mining pools.

Published at Tue, 29 Oct 2019 09:46:38 +0000


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