Minergate ethereum tutorial
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Ethereum is a young and very promising blockchain platform and cryptocurrency, developed from scratch and released on July 30th Ethereum provides Solidity — a programming language that allows for creation of decentralized apps DApps. DApps support so-called smart contracts. Smart contract is a protocol which is designed to robotize the execution of contracts, thus reduce the price of certain services.
For this reason, Ethereum has focused almost all attention of cryptocommunity, investors and startupers. Learn more about the project on its official page. Ethereum mining Just like Bitcoin, Ethereum uses a blockchain technology and can be mined through the power of your computer.
The mining represents producing of blocks and checking them for validity. Ethereum mining is difficult as it contains a lot of complicated calculations in order to prevent attacks and spam. There are several types of mining. Solo mining. The difficult thing is to create a competitive mining rig that would be capable to send enough hashes by solving the provided equations.
Cloud mining. The process when you mine Ethereum using the power of huge data centers called farms. Farms conclude a contract and connect you with their mining machines. Sounds nice, but the contract is temporary and payable. Some consider this method non-profitable. Pool mining. Your computer joins the net of other computers, thus uniting their power to make calculations. The reward for each block processed is shared between miners. MinerGate is one of the most convenient and easy way to start mining Ethereum as it has simple user interface.
This solves the problems of beginners, especially when one is not tech-savvy. MinerGate pool If you go solo mining, your computer must be superpowerful to accomplish computing operations. And if you want to upgrade it just for mining, it is unlikely to be repaid.
The process when you mine Ethereum using the power of huge data centers called farms. Farms conclude a contract and connect you with their mining machines. Sounds nice, but the contract is temporary and payable. Some consider this method non-profitable. Pool mining. Your computer joins the net of other computers, thus uniting their power to make calculations. The reward for each block processed is shared between miners. MinerGate is one of the most convenient and easy way to start mining Ethereum as it has simple user interface.
This solves the problems of beginners, especially when one is not tech-savvy. MinerGate pool If you go solo mining, your computer must be superpowerful to accomplish computing operations. And if you want to upgrade it just for mining, it is unlikely to be repaid. With MinerGate, your odds for Ethereum reward are dramatically increased even if you are using average hardware. Now, we came to the core part of our guide.
Here are your gates to Ethereum mining with MinerGate pun intended. As soon as MinerGate is downloaded, create an account. Here is a handy and comprehensive interface. Now you can start Ethereum mining. Many newbies wonder which one of those is faster for Ethereum mining. The answers is GPU. So, the faster your graphic card is, the more coins you earn. As the file size is about 1,5 GBs and is constantly growing, graphic cards less that 2 GBs are not supported.
Please note that your card should have latest official drivers installed. Current pool and world hashrate, as well as the information on the blocks found by our pool can be found on the Pool stats page. The better your hardware is, the higher hashrate you get, and, yes, the more Ethereum you earn.
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