Ethereum is the second largest cryptocurrency in terms of market capitalization and has a circulating supply of more than 100 million coins. The interest of crypto enthusiasts in Ethereum mining has also increased. Ethereum can be mined with hardware and software under Windows 10.
Mining Ethereum on Windows 10
Step 1: Download Geth
If you want to mine Ethereum on your computer, the first thing you need to do is download and install a program called Geth. Geth acts as the medium between your computer and the Ethereum network. Geth communicates with the Ethereum network and acts as a relay between your computer, its hardware and the rest of the network computers. So when another computer mines a block, the program picks it up and passes that information to your GPU or further CPU mining.
Step 2: Download the mining software
After downloading and setting up Geth, you’ll need to download Ethminer to have your GPU or CPU run the hashing algorithm, which is essential for securing the Ethereum network with proof of work.
Note: Make sure you download the latest and most up-to-date version of the mining software.
Mining Ethereum – Hardware
If you want to mine Ethereum using hardware on Windows 10, you’ll have to choose between GPUs, CPUs, and ASICs.
If you want to make a profit Mining Ethereum on windows, then you should go with GPU miners. If you are ready to invest some cash in the beginning, mining Ethereum with these oil rigs can bring you some rewards. GPU mining is more effective compared to CPU mining.
You can mine Ethereum on Windows 10 using the hardware’s CPU option, but this is not as effective and the chances of winning are slim. The only reason you should mine Ethereum on the CPU is if you just want to learn about the nuisance of Ethereum mining. The electricity costs consumed by CPU mining most likely outweigh your profits and you will have negative income by the end of the month.
Note: It is recommended that you only mine Ethereum on the CPU when your computer is idle.
If you want my ethereuIf you are working on Windows and making a profit, investing in ASIC is safer than mining with a CPU. Application-specific integrated circuits (ASIC) are special devices for cryptocurrency mining. Setting up an ASIC is not a very difficult task. The downside to purchasing an ASIC is that it is quite expensive and not readily available.
If you are serious about mining Ethereum as a full-time job and looking to make a profit, acquiring mining equipment is your best option. In this article, we have provided you with all the information needed to start mining Ethereum on Windows. Mining Ethereum on Windows can seem a little confusing when you follow the steps above. Then you should be able to start mining Ethereum with ease.