GeneralEthereum mining guide
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GeneralEthereum mining guidePosted:

r00t
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You should be mining Ethereum if your graphics card has more than 4GB VRAM.

Profitability is extremely high and it won't last forever. Your power is not too expensive, it doesn't damage your hardware, it produces little heat, and you can use your PC while you mine.

Check your profitability: whattomine.com



Easy mode

nicehash.com

NiceHash is easy and takes a large chunk of your profit. Keep reading to make more money.



Get an Ethereum wallet

Transfer Eth as little as possible. A fee is paid to facilitate transactions and "gas" prices are high. It's best to mine to where you want your Eth to be. Too little gas and your transaction may not be completed for days.

Check gas prices at etherscan.io/gastracker#historicaldata




Choose a pool

Can't mine blocks by yourself. Pools split the work and pay you for completing shares. Enter your wallet address once you've started mining for stats.

  • Flexpool - flexpool.io - Fee can be set to 0% if mining to some wallets like Metamask, 0.05 Eth min payout threshold. You pay the payout gas.
  • Ethermine - ethermine.org - 1% fee, 0.1 Eth min payout threshold or 0.01 every two weeks. Payouts subsidized by other miners.

Use Ethermine only if you will take low payouts under 0.1 Eth.



Choose a miner

Use the ethash algorithm to mine Ethereum on your graphics card.




Set it up

Read the miner docs to set up the batch file that launches the miner.

t-rex.exe -a ethash -o stratum+ssl://eth-us-east.flexpool.io:5555 -u YOUR_WALLET -w 1




Overclock

It's generally best to reduce core clock, reduce power limit, and increase memory clock for Ethereum.

Install MSI Afterburner: guru3d.com/files-details/msi-afte...nload.html

Easy settings: github.com/nicehash/excavator/tre...e_oc_cards



For more cards


PCIE risers: parallelminer.com/product/ithoo-u...-24-cable/

These are the ones you want.



Cheap server power supply bundles with cables: parallelminer.com/product/hp-1200...ining-psu/

Buy the bundle with 16 cables. Cheapest way to get PCIE power cables.

You want the 1200w unit because you need to be at ~50% load. For example, my 600w rig draws 50w more and makes twice as much noise on a 750w unit than this 1200w. For more wattage on 110v, I suggest using multiple server PSUs with chain sync breakout boards.



Triple PCIE power splitter: parallelminer.com/product/18awg-p...pin-cable/

Run only one cable for most cards. Cheaper than three more cables.



PSU module: parallelminer.com/product/160watt...er-supply/

Eliminates need for regular PC power supply.



No need for cases or special racks. Use a wire shelf like this with cardboard under the motherboard.

target.com/p/3-tier-wire-shelf-ma...A-53330150



Mining operating systems:

hiveos.farm
minerstat.com
raveos.com

One free worker each.

Mine XMR on your CPU
CPU Mining

Can be worthwhile on newer CPUs. Check your CPU's RandomX performance: xmrig.com/benchmark cryptocompare.com/mining/calculator/xmr



Get a Monero (XMR) wallet

getmonero.org/downloads/

I like the GUI wallet. Save your password and backup the files.



Pool

Monero Ocean pays more than normal pools by mining coins other than XMR.

moneroocean.stream - Enter your wallet address



Miner

Use MoneroOcean's XMRig fork: github.com/MoneroOcean/xmrig/releases



Set it up

Find "pools" in config.json and edit these values:

"url": "gulf.moneroocean.stream:20128",
"user": "[YOUR WALLET ADDRESS]",
"rig-id": "0",
"tls": true,

Right-click xmrig.exe, click Properties, select the Compatibility tab, and check Run this program as an administrator". Reboot after first run.


Last edited by r00t ; edited 14 times in total

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#2. Posted:
PDC
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Thank you for posting this. I am going to look into it.
#3. Posted:
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I took the easy route and made 4 cents haha

https://gyazo.com/870ba5142f1d703227de36842c51f40b.png
#4. Posted:
Kanna
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Always been wary of damaging my hardware when mining.

Currently running a 3080, worth a try?
#5. Posted:
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Left it running overnight and made a dollar and a half lol
#6. Posted:
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Kanna wrote Always been wary of damaging my hardware when mining.

Currently running a 3080, worth a try?
Absolutely!
#7. Posted:
Tele
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I tried it for a while with a 3080, it just wasn't profitable enough (at least short term). If you invested in it left it in there the price of ETH might shoot up.
#8. Posted:
r00t
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Tele wrote I tried it for a while with a 3080, it just wasn't profitable enough (at least short term). If you invested in it left it in there the price of ETH might shoot up.

3080 profit is currently about $13 a day for about $0.50 of electricity.
#9. Posted:
Kanna
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r00t wrote
Tele wrote I tried it for a while with a 3080, it just wasn't profitable enough (at least short term). If you invested in it left it in there the price of ETH might shoot up.

3080 profit is currently about $13 a day for about $0.50 of electricity.


But surely it damages or at least puts a hell of a lot of strain on hardware right?
#10. Posted:
r00t
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Kanna wrote
r00t wrote
Tele wrote I tried it for a while with a 3080, it just wasn't profitable enough (at least short term). If you invested in it left it in there the price of ETH might shoot up.

3080 profit is currently about $13 a day for about $0.50 of electricity.


But surely it damages or at least puts a hell of a lot of strain on hardware right?

Not really. The hardware will be old before wear from mining or overclocking has any effect. Just don't push your memory too hard.
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