Buying Ether can be quite simple across exchanges all over the internet, but it is not impossible to try solo mining it out of the blockchain (although it can require a lot of effort and a bit of knowledge). We must notice that the computing power which empowers the Ethereum network is overwhelming, which means that snatching a single block of it can be quite hard.
Before You Start Mining: How Mining Pools Work?
Hardware Checklist – Basic Tools to Start Ether Solo Mining
First, we will cover the hardware. Straight to the point, the more computing power you have in your hands, the more Ether at the end of the tunnel you will get.
AMD graphics cards are a good way to start, better than NVIDIA graphics cards when it comes to computing power.
You’ll also need a graphics memory of at least 2GB to start.
Here is an example of what you have to pay attention to when it comes to hardware to start:
A powerful motherboard, along with a good CPU. We can recommend an AMD FX 8320 Octa-Core Processor (3,5GHz, Socket AM3+, 16MB Cache, 125 Watt).
Also, don’t forget to provide other tools such as hard drive, power adapter, GPU, and WIFI adapter to empower your Ether solo mining experience.
Software – The Most Important Fact In Advance
Pay attention at this point. The software and all drivers should be kept always up to date, so remember to check up for updates as much as you can.
To start, you’ll need the following:
- Ether Mining Software for Ether solo mining: Geth and Ethminer.
Start by creating a new folder in the data carrier and name it “Ethermining”. You will save the Ether Mining Software within this folder.
Then proceed to download both programs, installing Ethminer first (remember to choose the folder you’ve created as memory location).
After all installation procedures are completed, you will find the “Ethereum” file in the folder you had to create before.
Now you just have to unpack the Stratum Proxy after the download. Then, drag and drop the folder named “eth-proxy” to the first folder.
Make sure to install the file structure exactly as it is described in this first part of the guide. Also, remember to pay attention to capitalization.
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Then, we can proceed to take a look at the required openCL to the graphic cards. After downloading and installing it, you can use the MSI Afterburn program to control the temperature of your graphic cards.
After all these procedures are done, restart your computer, and let’s move on.
How To Configure It And Start Mining
First, create an Ether account. It is not hard at all, so follow the procedures naturally.
Looking for a reliable Ether wallet? Check out our MyEtherWallet overview!
Now you will be asked for a passphrase, so you will have to choose a password which is the password for the Ether Wallet (ETHERBASE, in this case). So, after entering the password, just repeat it, then confirm each entry and it’s done.
Take note of this password, as you will need it every time you have to send Ether.
Downloading The Blockchain
So far, the blockchain exists of 1.222.000 blocks and is larger than 11 GB, hence downloading it can take even some days.
Unfortunately, there is no possibility of escaping this process, as you only can start mining Ether after you complete the download of the Ether Blockchain.
To start the download, open a new prompt window and enter the following commands, confirming with the Enter key:
1. cd/ (Enter key)
2. cd Ethermining (Enter key)
3. geth –rpc (Enter key)
Now, the download of the Blockchain must start. Remember to look at the block number available on www.etherchain.org and compare it with the current loaded # block number (you can see it at the end of each line). If the two are correspondent, it means your blockchain is updated.
The blockchain is saved under the file: “C:\Users\Your_PC_Name\AppData\Roaming\Ethereum\chaindata”.
You won’t need to download the blockchain again, however, continue with the last downloaded block.
Start Solo Mining
Now you are finally able to start Ether mining. Remember to ensure the prompt window where the blockchain is downloaded, as it must always be open during the process.
So, open a new prompt window and enter the following commands, confirming each of them with Enter:
1. cd/ (Enter key)
2. cd Ethermining (Enter key)
3. cd Ethereum (Enter key)
4. ethminer -G –cl-local-work 256 (Enter key)
If this doesn’t work after it is all done, just close the window and repeat the entry of the commands in a new prompt window. Remember, only enter ethminer -G in command 4.
Checking Ether Address and Balance
To do that, you have to communicate with the program “geth.
Set the command: eth.coinbase, and enter key and to see your Ether address.
Note: the Ether address is shown only with lower case letters.
To see the balance of your Ether address, set the command web3.fromWei(eth.getBalance(eth.coinbase),”ether”), and press the Enter key.
Contact and Help
Thanks for following our quick resume on how to start solo mining Ether directly from the blockchain ecosystem. If you still have questions, let us know by contacting us.