Passive Income 101: Mining Ethereum

Passive Income 101: Mining Ethereum

By Tunanin | CoinStream | 8 Apr 2021


So, you want to start mining Ethereum before ETH 2.0 comes out . . .

Before starting, here are a few things you should consider:

1. GPU / Memory: Make sure your GPU has at least 6GB of RAM or it won’t be able to properly mine Ethereum. 

2. OS: Make sure your Windows version is at least 7, and the OS is 64 bit. 

3. WIFI: Make sure you have a stable, consistent internet connection. While it is not required, do stay on WIFI.

4. Address: Make sure you have a valid ETH address. !!!DONT SEND ETH to an ETC/BTC address!!! It should look like this

 

 

(tips appreciated)

0x8789963835458be035d1756ac9663e2ed8a82fd2   

 

 

 

Ok. You're all set. To get started, we will be using Nanopool.org to mine our ETH. You can download the application at https://github.com/nanopool/nanominer/releases.    Once downloaded, extract the miner to any folder you'd like. Navigate to the config file, then paste this in: (add your ETH wallet address)    

 

 

[Ethash]
wallet = 0x8789963835458bE035D1756aC9663E2ED8A82fd2 
coin=ETH
rigName = rigOmen
email = Someone@something.com
autoUpdate=true  

 

 

 

Afterwards, find yourself at the config_eth file. Make sure you change the address to yours.  

 

 

 

; Address to send funds to. Change this address to yours!

wallet = 0x8789963835458bE035D1756aC9663E2ED8A82fd2

; (Optional) Rig (worker) name.
rigName = speed_test

 

 

 

 

You are all set! Click on the nanominer.exe file and start running! Here you will find plenty great statistics to observe over the course of your mining journey. Make sure your GPU is running around 60-75*. Any hotter and you could be damaging your hardware. I cooled mine down by removing the siding.

To check your progress, visit Nanopool.org and paste in your address. There is no account needed. Just check your progress when you add your address in. 

At your dashboard, click on settings and change your minimum payout to 0.05. This option will be available after you have mined for a while and have verified your email. 

You are all set! Happy mining <3 

 


Tunanin
Tunanin

Love crypto. Looking forward to financial independance


CoinStream
CoinStream

In this blog you will learn how to get started in the cryptoverse, as well as easy ways to begin staking, mining, lending and earning several streams of passive income with little starting money.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.