ClickOnce the download is complete, extract the contents of the.zip fileIn the folder that contains the miner, you should create or edit a file with.bat extension. You can do this in any text editor (for example, Notepad). When you save the file, it’s important to choose ‘All Files’ as a file type, not ‘txt’.

• Phoenixminer Download

Phoenixminer Download

Otherwise, you’ll have.bat.txt at the end of the file name, and miner won’t be able to open this file. Your bat file (let’s say it’s called 1Ehereum-nanopool.bat) should contain the following text (Step 2):Attention! For security reasons, Windows may stop you from opening the bat file. In this case, you should permit it to open in the pop-up window.Step 2: Enter the following command.

Now that your miner is set up, you’re able to sit back and watch as your video cards gain you passive income every day in the form of Ethereum. It is important to consider any variable costs that you may incur during the mining to determine your profitability. Variable costs may be electrical costs, maintenance costs, pool fees, dev fees, exchange fees, etc.Every pool has a different interface but the principle stays the same. You’ll need to go to your pools website and type in your public wallet address. Let us use pheeremine pool as an example.You type your public wallet address in the search bar and you’ll be able to see all of the information about your Ethereum mining efforts.In the case of pheeremine pool once your balance reaches 0.01 ETH it will get sent to your wallet address that you’ve typed into the start.bat file earlier. How does Ethereum mining work?The result of digital mining is called proof of work system. However, mining Ethereum means more than increasing the volume of Ether in circulation.

It is also necessary for securing the Ethereum network as it creates, verifies, publishes, and propagates blocks in the blockchain.What do you need to mine Ethereum?. An Ethereum wallet to hold all of your newly found currency;. GPU drivers;. A mining application (PhoenixMiner's Dual Ethereum AMD+NVIDIA GPU Miner);. A mining pool address if you're going to mine within a mining pool;.

A graphics card (GPU) with at least 4gb of RAM.How many Ethereum can be mined?Most Ethereum blocks are around 2mb. A new Ethereum block is created every 14 seconds. 18 Million Ether are mined every year.