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How to mine cryptocurrencies using graphics cards

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The process of how to mine cryptocurrencies like Ethereum, Ethereum Classic, Ravencoin, and ERGO is relatively simple. In this article, we’ll talk about the needed and best hardware and software needed to get the job done. More so, we’d be discussing which pools are the best for mining.

What is a cryptocurrency mining

 

how to mine cryptocurrencies gpu

 

 

Simply put, crypto mining is the process of validating transactions and generating new blocks seeking to obtain a reward. Blocks are a combination of elements, in addition to transactions. Blocks are generated by solving complex mathematical problems, which are solved by either a CPU, a GPU, or a specially designed chip.

Generating the new blocks is an increasingly complex process, as more users are added to do this work. Users compete to generate the block and get the reward set for that block.

Normally, users join mining pools to have a better chance of getting a valid block. Users ‘add’ their mining power and everyone works to generate a new block. When they solve a block and it is valid, they receive the proportional part of the block reward according to the power they contribute to the network.

Block mining and generation are used to eliminate the need for trusted third parties. This mechanism guarantees that double-spending (using the same amount of money twice) cannot occur, for example. In addition, it is a technology resistant to censorship, since when something happens, it cannot be modified.

Ethereum (ETH), Ethereum Classic (ETC), Ravencoin (RVN), and ERGO (ERG) cryptocurrencies are based on Proof-of-Work (PoW) consensus. Specific computer hardware is required to perform this job. In the case of these four cryptocurrencies mentioned, graphics cards are used. For other cases such as Bitcoin, ASICs are used or for Monero (XMR), processors are used.

What is needed for mining ETH, ETC, RVN, and ERG

 

The PoW consensus algorithm requires specific hardware to be able to solve mathematical problems. Ethereum, Ethereum Classic, Ravencoin, and ERGO cryptocurrencies are characterized by requiring graphics cards for mining. These computer components are used for different reasons, which are:

 

  • They are very powerful and stackable components (we can install several graphics cards on the same motherboard)
  • Graphics cards are more affordable (usually) than specialized equipment like ASICs
  • These components are cheaper than ASICs

 

But not just any graphics card on the market is worth it. Ethereum mining requires a file called DAG. This file grows every epoch, which is a cycle of 30,000 blocks in Ethereum. Currently, this file weighs more than 4.5GB and for this reason graphics cards that have 4GB of VRAM or less are not worth it. For example, the 4GB AMD RX 6500 XT graphics card could not be used for Ethereum mining as it cannot store this file.

Ravencoin has a DAG greater than 3.1GB and increases every 7,500 blocks. Ethereum Classic has a DAG greater than 2.8GB and increases every 60,000 blocks. ERGO has a DAG greater than 2.1GB and increases every 1024 blocks. All of these cryptocurrencies can be mined with graphics cards that have 4GB of VRAM memory. If you want more information, we leave you the Minerstats website where it indicates the size of the current DAG and other data that may be of interest to you.

How to mine cryptocurrencies ETH, ETC, RVN, and ERG

 

We are now going to see all the elements that are needed for mining these cryptocurrencies. How to mine cryptocurrencies is relatively easy, but you must know which components to use and which ones you cannot use. Also the necessary software for this process.

 

Graphics cards for mining

 

We have commented in the previous section that graphics cards are needed for mining Ethereum, Ethereum Classic, Ravencoin, and ERGO. Not all graphics cards are worth it, they must have an amount of VRAM greater than the size of the DAG. For Ethereum, we need graphics cards with more than 4GB of VRAM memory. For Ethereum Classic, Ravencoin, and ERGO we can use graphics cards with less than 4GB.

For the mining of these cryptocurrencies, AMD Radeon or NVIDIA GeForce graphics cards are used. Recently, NVIDIA has released the CMP graphics cards designed specifically for cryptocurrency mining. In addition, the NVIDIA LHR limiter has been introduced in gaming graphics cards. This integration halves the power of GeForce graphics cards.

 

graphic miner ergo nvidia lhr

Other components for mining

 

Graphics cards by themselves do absolutely nothing. We need a motherboard, a processor, RAM, storage unit, and power supply.

Regarding the motherboard, we can choose specific motherboards or opt for gaming or commercial motherboards. Gaming or commercial motherboards are usually cheaper. The only thing we need to do is configure the motherboard BIOS for cryptocurrency mining and get the best performance.

Regarding the processor, we do not need a powerful processor. Any entry-level processor with 2 cores and 4 threads is worth it. Regarding the amount of RAM, with 4GB of RAM, we will have more than enough for mining. For storage, an SSD drive on the market and even a USB stick are worth it. These components are necessary for the mining rig to work, but extremely powerful hardware is not required.

The power supply does have an important role. These should primarily power the graphics cards. We need powerful power supplies with high-efficiency certifications. They are required to be powerful and efficient, in addition to offering stable voltages.

 

cryptocurrency mining hardware

Refrigeration and electrical installation

 

One of the points that are not usually taken into account when setting up a mining rig is the correct ventilation. We should not only install 120mm fans additionally. The mining rig must be installed in a room that is not in regular use and is well ventilated. We must bear in mind that mining rigs generate a lot of heat, so we must keep it in a room that we do not use and that is well ventilated.

Another point that is not usually taken into account is the electrical installation. For a typical home electrical setup, a 5-6 graphics card mining rig can be a huge burden. The installation may suffer from stability problems and even cause damage to the electrical installation and the rest of the electrical appliances. Before installing a mining rig it is advisable to reinforce the electrical installation. The optimum would be to have individual protections for the mining rig.

desktop computer cooling

Mining software

 

Due to the increasing popularity of mining, there are different software for this practice. The process of how to mine ETH, ETC, RVN, and ERG cryptocurrencies is simple. We will tell you a little about the best cryptocurrency mining software and what graphics cards they support. This software is:

  • Etherminer: Currently, it is the best software for mining Ethereum, supporting only this cryptocurrency. This software supports graphics cards from AMD or NVIDIA.
  • GMiner: In addition to supporting Ethereum, it also supports Ethereum Classic and Ravencoin, but does not support ERGO. It also allows mining using AMD or NVIDIA graphics cards.
  • T-Rex Miner: Mining software optimized for NVIDIA graphics cards. Said software supports ETH, ETC, RVN, and ERG cryptocurrencies.
  • NBMiner: Another mining software that is specifically optimized for NVIDIA graphics. It is also characterized by supporting the cryptocurrencies ETH, ETC, RVN, and ERG.
  • TeamRedMiner: For ETH, ETC, RVN, and ERG mining with Radeon graphics cards this is a great option. This is the best software for mining with AMD graphics as it is specially optimized for these graphics cards.
  • LOLMiner: This software is designed so that we can combine AMD and NVIDIA graphics cards in the same mining rig. The other software we have seen is intended for graphics cards from AMD or NVIDIA, not a combination. Supports ETH, ETC, RVN, and ERG cryptocurrencies.
  • Claymore Dual Miner: Software designed for Ethereum mining that allows you to combine AMD and NVIDIA graphics cards in the same miner. It is the most popular among those who build hybrid mining rigs because it works very well.

 

mining software t-rex miner

How do I easily mine cryptocurrencies?

 

We choose one of the mining software that we have explained in the previous section. For example, T-Rex Miner because we are going to test it with an NVIDIA RTX graphics card. We download it from the official repositories, in this case, we find it on GitHub.

We are going to do the tests from Windows, if you do it from Linux you can use your usual distribution or one dedicated to mining: RaveOS or HiveOS are the most common.

how to mine cryptocurrencies with t-rex

 

Once the miner is downloaded, we are going to unzip it and since we are going to mine the Ethereum cryptocurrency and we are going to use a mining pool, in this case, Ethermine, we look for the file “ETH-ethermine.exe”. Right-click and edit the file with a notepad.

 

how to mine cryptocurrencies settings

 

We quickly tell you what we have to modify:

  • Red zone: here we put the pool that we are using. If you are from Spain, you will have to use the European pools, or if you were from Latin America, the American ones. The closer you are connected, the better.
  • Green zone: here goes your wallet, copy and paste on the address that comes by default.
  • -p: it is used to put a password, if you want you can remove it, nothing happens.
  • Blue zone: here is the name to identify your miner within your wallet in the pool.

 

We save and start the application:

 

And that’s it, now to wait for it to be stable and earn extra money for your graphics card. If you don’t know what a mining pool is, read the next section.

These same steps apply to any cryptocurrency that can be mined. Be it Ergo, Ravencoin, or Ethereum Classic. You simply have to find a pool and a wallet for these cryptos.

Mining pool

Being a lone wolf in the mining of ETH, ETC, RVN, and ERG is not a very good idea, it is better to play as a ‘team’. The power that a couple of mining rigs can inject is very low compared to the total power of a network. To have more chances of finding a block it is better to join a mining pool.

Members of mining pools work together to find a block. When they find it, the cryptocurrencies that are awarded for finding that block are distributed among all the miners proportionally. This proportion depends on how much mining power we contribute to the total power of the pool.

Let’s see which are the best pools currently:

  • The best pools for Ethereum mining currently are Ethermine and F2Pool. We can also opt for MiningPoolHub, a very good mining pool with very low commissions
  • Some of the best pools for Ethereum Classic miningare Ethermine and HiveOn. We have as an alternative 2Miners and MiningPoolHub, which are two quite important and interesting pools.
  • We now turn to see the best Ravencoin mining pools, such as 2Miners and MiningPoolHub. Here we can also opt for Flypool and Ravenminer, which have very good characteristics
  • Let’s go now with the best pools for ERGO mining highlighting Herominers and WoolyPooly. The pool currently with the highest accumulated power for ERG mining is Nanopool

 

how to mine cryptocurrency pool

Final words on how to mine cryptocurrencies

 

Cryptocurrency mining is becoming a more accepted practice today. The process of how to mine cryptocurrencies such as Ethereum, Ethereum Classic, Ravecoin, or ERGO is simple. Also, the hardware required for mining these digital currencies can be found at any computer store. What may cost more is to assemble the mining rig, but there are dozens of tutorials on the net. It can also be a bit difficult to configure the mining software, but many tutorials will help us.

 

Note that the majority of new miners who enter this field are committed to mining cryptocurrencies as the ones highlighted. Bitcoin mining is inaccessible due to the high cost of ASICs and how scarce they are. The Monero CPU mining process is quite expensive and unprofitable. So the best thing is to mine cryptocurrencies with graphics cards and then convert them to the currency that most interests us.

What do you think of our explanation of how to mine cryptocurrencies such as Ethereum, Ethereum Classic, Ravencoin, and ERGO?

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