- Best coin mining for beginners software#
- Best coin mining for beginners code#
- Best coin mining for beginners plus#
- Best coin mining for beginners download#
- Best coin mining for beginners windows#
Best coin mining for beginners plus#
Plus Nanopool is one of the most popular mining pools, with global servers and enough history that I know they are trustworthy.
Best coin mining for beginners download#
I’m going to be using Nanopool as my Ethereum Classic mining pool, because they’ve made it super easy to get started by creating a quick start app that makes it a breeze to download and setup the mining software. Now, let’s get into the step by step instructions for mining Ethereum Classic. Two popular Ethereum Classic mining pools are Nanopool and Ethermine You’ll give up a small percentage of your mining profits (generally around 1% for most mining pools), but by combining your hash power with other miners you can get more regular payouts. One final consideration is whether you’re going to solo mine or if you want to join a mining pool. This is the easiest solution, but also gives the lowest returns. Those who decide they don’t want to be bothered with all the technical aspects of mining can consider using MinerGate, which provides a graphical user interface and has no setup requirements other than downloading the application and letting MinerGate know what ETC address to send the coins to.
Best coin mining for beginners windows#
It also supports dual mining, so when you become more experienced you can dual mine Ethereum Classic and Siacoin or Decred among others.Īnother option is Ethminer, which can be downloaded from Github and also supports both AMD and Nvidia cards, as well as Windows and Linux. This miner can be used with both Nvidia and AMD GPU’s and has versions for both Windows and Linux. The most popular, and the one I’ll be using for this tutorial is the Claymore Dual Ethereum miner available from Bitcointalk forums.
Best coin mining for beginners software#
You’ll need mining software as well, and there are several choices. Nvidia and AMD GPU cards used in ETC Mining
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If you’re technically inclined, the best setup is one that includes multiple GPU’s, as many as 6 can be combined into one mining rig.
![best coin mining for beginners best coin mining for beginners](https://image.cnbcfm.com/api/v1/image/106935127-1630353086740-IMG-1023.jpg)
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One further requirement is a minimum of 4GB RAM, either dedicated video RAM or system RAM. You can also mine using AMD GPUs, but they’ve been found to be less powerful for Ethereum Classic mining. Of course you’ll need hardware for mining, and the better choices are the higher end Nvidia graphics cards such as the 10i. For the purposes of this tutorial I’ll be using the Exodus wallet, but you could also use Coinomi or one of the hardware wallets, among other choices. While there are many wallets for holding Ethereum, there are less that can hold Ethereum Classic, so make sure yours is an ETC wallet, not an ETH wallet. To begin with, you’ll need a wallet that’s capable of storing Ethereum Classic. Mining Ethereum Classic is similar to any other Proof-of-Work coin and you need pretty much the same hardware and software. Given that they are both mined with the Etash mining algorithm, it is a no-brainer where you will turn your hashing power at. This is almost half of that for the hashpower required to breakeven on Ethereum. Below is a screenshot from the ETC mining calculator.Įthereum Classic Profitability on WhattoMineĪs you can see, the required hashrate in order to breakeven for your mining is only 56 Mh/s at the time of this post. Ethereum classic often features as one of the most profitable coins to mine. One of the best places you can look at to get an idea of the mining profitability of various coins is whattomine. This means it can be mined, and the good news is that the network difficulty for Ethereum Classic is far lower than for Ethereum, making it more suitable for miners using GPUs rather than ASIC rigs. Just as Ethereum is a Proof-of-Work cryptocurrency, so too Ethereum Classic is a Proof-of-Work cryptocurrency. This is the now the Ethereum classic that we have today. The Ethereum classic developers dissapproved and kept on running the existing Etheruem blockchain.
![best coin mining for beginners best coin mining for beginners](https://www.investopedia.com/thmb/CCmE3GL7G-w6h_YZHubj0VhqfC8=/1920x1280/filters:fill(auto,1)/brown-coal-4294657_1920-be14091d844b4f3e80f80fbc84951fc7.jpg)
Best coin mining for beginners code#
Hence, the Ethereum developers forked the code to rescue the users who had their ETH stolen in the hack. There were some developers who were in favour of hard forking the code (current Ethereum devs) but there were others that viewed this as a breach of the “code is law” maxim. This was when a hacker was able to exploit a project’s code to siphon off millions of ETH. In June of 2015, a famous event called the DAO hack occurred. Ethereum but the just the split came down to a disagreement in the Ethereum community. We have covered this extensively in our post on Etheruem classic vs. The current Etheruem blockchain is actually a fork of Ethereum classic.