[Hardware] How to Mine Ethereum: NiceHash, Mining Pools, Optimal Settings

[EC HTN^]

 

The Ethereum mining boom continues to roll on, and if you've read our best mining GPUs and want to see what all the fuss is about, we've got the details on the most po[CENSORED]r ways of mining with your PC. Besides the actual hardware for mining — which basically means having one of the best graphics cards — you'll need to decide on the software you want to run, and how you want to get paid. There are three primary approaches to mining, and we'll cover these in order of ease of getting started.

Before we continue, let's be clear: We're all about providing information, both good and bad. There are GPU shortages, other PC component shortages, prices are skyrocketing, and clearly there are a bunch of people who think mining is awesome. This has all happened before, and we've seen how it ends — or at least where it goes temporarily. Anyone that had the foresight to put together a big mining farm sometime in the past year or two and save all the Ethereum and/or Bitcoin it generated (while eating the costs) looks pretty smart today. Trying to do the same thing right now? It will cost more, profits will be lower (or not even materialize for potentially years, if ever), and there are loads of other concerns that we'll get into.

Lots of people still want to know about mining, how it works, and how much they can earn doing it. We'll answer those questions as best we're able, and bring up other concerns and related information that you might not have considered. Is that trying to play both sides? Perhaps. But most large scale miners are already invested, whether we write these articles or not. "If you can't beat 'em, join 'em!" For those who already have the hardware, an influx of new miners could actually help bring about the end of this bubble sooner than later (but don't get caught holding the bag). Hopefully by the end of it all, you'll be better informed. #SaveTheGPUs #DontMine