Ethereum Known As The Queen Of Digital Currencies, It Is The Second-Largest Digital Currency On The Market. The Network Is The Most Popular Digital Currency After Bitcoin With The Idea Of ​​”Decentralizing Everything” And Has Many Supporters In The Digital Currency Community.

Ethereum Mining, Due to the high popularity of this network, many people have joined its minority jirga. This is one of the interesting features of the open fold block that everyone can participate in extracting and verifying transactions.

Ethereum extraction, mostly done with a graphics card, has been a very lucrative activity for geeks or computer junkies in recent years. In this article, which is entirely devoted to ethereum extraction training, we have explained everything you need to know about this activity in a simple way and without the need for any prerequisites. If you are thinking of extracting Ethereum as a profitable investment, read this article to the end.

In general, to extract ethereum, you must go through the following process:

1. Preparation of powerful hardware system (extraction sand)
2. Creating an ethereum wallet to receive the extracted ethers
3. Get started by running mining software and joining an extraction pool

Before you go into ethereum extraction training, you need to know that this is like an investment, and every investment is risky. Therefore, extracting ether or any other digital currency does not mean electrifying the device and getting rich. Many factors, including Ether price power costs, hardware costs, network changes, and hardware depreciation, all play a role in mining profitability.

Also, while starting mining may seem like a simple task, this activity has many technical complexities that, if ignored, can sometimes lead to hardware failure and even fire.

Therefore, before starting mining, it is better to do good research and answer your questions and ambiguities.

Ethereum extraction sand

Mining requires a powerful hardware system and electricity. On paper, this can also do with home computers or laptops; But it has no economic justification and is not cost-effective.

These days, most ethereum extraction is done using a graphics card (GPU). Of course, there is also a special extraction machine (ASIC) for Ethereum; But the graphics card is still the main hardware of ether extraction.

Read more about ISIC devices below. Graphics cards other than Ethereum can extract other digital currencies, But extracting some great digital currencies likeBitcoin، Bitcoin Cache, And LightQueen can only be done with an ISIC device, and extracting them with a graphics card is not cost-effective.

Therefore, considering that ethereum extraction is mostly done with a graphics card, we will teach ethereum extraction with a graphics card in this article. Still, we will also have a glimpse into extraction with ISIC devices.

To extract Ethereum with GPU, you need to provide a “graphics card extraction rig.” Rig means a pack of hardware. In fact, the graphics card rig is similar to a home computer case and uses the same hardware, except that it has a large number of graphics cards installed on it.

An extraction rig consisting of six graphics cards

You can buy ready-made extraction grains or assemble the parts yourself and assemble them like regular computers.

Although a lot of hardware and components, large and small, may be used in mining, an extraction rig undoubtedly contains the following components:

1. Powerful graphics card

The main part of the ethereum extraction rig is its graphics cards. To extract Ethereum, you need a powerful and convenient graphics card. Although extraction can be done with any graphics card, extraction with any graphics card is not very profitable and economical. Certain models of AMD and Nvidia graphics are suitable for mining work. It is better to choose a model used by many miners and has somehow passed the test.

Due to changes in the Ethereum network and the increase in the size of the DAG file from December 2020 (late fall 99), it is not possible to extract Ethereum with 4GB and lower graphics cards, and the best option is to use 8GB graphics cards.

Currently, the most important GPUs that are active in mining are:

The best AMD graphics cards for mining :

The best Nvidia graphics cards for mining :

the door Extraction Calculator Digital exchange site You can calculate your profit from Ethereum extraction by entering the total power of graphics cards and considering the power consumption of the power supply and the electricity tariff paid.

Digital currency extraction calculator

Note that the power or hash rate or hash rate of each graphics card varies in different algorithms. For example, Ravencoin is mined on the KawPow algorithm. The RX580 graphics card hash power is about 9.40Mh / s in the KawPow algorithm and 23Mhh / s in the Ethash algorithm. Keep this in mind when calculating profitability. The power of each graphics card is fixed on each algorithm unless the developer makes changes to the algorithm that change the hash rate.

Graphics cards generate many temperatures, so be sure to do the extraction in a cool, well-ventilated room, check your device temperature every few minutes, or use heat alarm systems.

Also, keep in mind that the power consumption of graphics cards is very high, so a large portion of the amount of currency extracted will spend on electricity. Be sure to calculate your electricity bill before you start mining to make sure mining is cost-effective.

2. Sand chassis

The chassis is a means of mounting pieces of sand. You can make the chassis ready-made or make it yourself. The chassis should be such that the parts, especially the graphics cards, are screwed well on it and are not unbalanced. Of course, other equipment can also be used as a chassis, and you do not necessarily need to have a completely standard chassis.

What is very important about the chassis is that the parts are firm and stable on it. Graphics cards and SSDs should not be shaken.

An example of a sand chassis

3. Proper power supply

Take this very seriously to prevent damage to parts. A 300-500 watt power supply may suffice for home systems, but you need power or powerful power supplies for some graphics cards. For example, for six mid-range graphics, a power of more than 1,200 watts is required in the PlusGold version or higher. Because the amount of investment and the model and the number of graphics cards can vary, be careful when selecting the right power when collecting gravel and consult with experienced experts.

4- RAM

Extraction does not require much RAM. If you want to feel comfortable or work on your system in other activities besides mining, you can get 8 or 16 GB of RAM.

5. CPU

You do not need a potent CPU to extract graphics cards. A fairly standard CPU compatible with your motherboard is enough for each rig with a handful of graphics cards. For more convenience when running software, you can provide processors with more capacity than required. Then, for example, the Intel Skylake Pentium G4400 series processor is a good choice for a mining rig.

6. Memory (SSD drive)

It would be best to have storage memory to install the operating system and run the extraction software. For more speed and ease of operation, a 120 GB SSD drive is suitable; But you can also use regular hard drives.

7. Required cables

For different connections in the sand, you need suitable cables, which are abundant in the market. PCI Express USB cables are required to connect the graphics to the motherboard.

8. motherboard

Finally, it would be best if you had a good motherboard to connect the parts. You must use a motherboard with a large number of PCI Express slots to connect multiple graphics cards. The ASUS B250 MINING EXPERT motherboard is currently the best option for miners. This motherboard supports 19 graphics cards. However, you can choose cheaper options depending on your needs.

9. Fixed internet and modem

Extraction does not require a large volume of the Internet, But it must be constantly stable and unbroken. The best type of internet to extract is ADSL or TD-LTE fixed internet. The mining process does not consume much internet volume, and the maximum consumption of a typical miner does not reach 5 GB per month.

Assembly and installation of the operating system

Once you have the hardware you need, it’s time to mount the components on the motherboard and chassis. This is almost as simple for someone who has already done computer assembly; But if you do not have experience, it is recommended that you do this with the help of an expert. There are also many videos on YouTube that you can use; search for “mining rig assembly” on youtube.

You can use Windows, Mac, Linux, and even mining operating systems to run extraction software. Our recommendation for beginners is to install Windows 10. Because you probably do not have a DVD drive on your rig, you can install Windows via flash memory. You also need to install the latest version of the required graphics card drivers and the network card driver.

After preparing the rig and installing the operating system, you must create an Ethereum wallet to receive the extracted ethers.

Build an Ethereum wallet

The process of making an Ethereum wallet and getting its address is straightforward. There are many wallets for Ethereum’s popular digital currency that you can use to your liking.

Ethereum wallet can be considered your bank account to receive, store, and send Ethereum.

Needless to say, Ethereum software wallets are completely free and can be easily installed on mobile phones (Android and iOS) or PCs (Windows, Linux, and Mac). Some wallets are also portable and can be accounted for with web browsers (such as Chrome). Hardware wallets are more secure, physically available, and must be purchased.

Walt Trust Logo

You can start with the software Trust Wallet Use (Trust Wallet). Trust Walt, which has the highest number of installations among all wallets, is only mobile.

The table below also shows the names of some of the best Ethereum wallets:

name	Type	Download/access link
Mayroat wallet	Software	access
Metamorphic wallet	Browser software/plugins	Download
Walt Trust Wallet	Software / Mobile	Download
Ledger wallet	hardware	Physical – must be purchased from reputable stores
Treasury wallet	hardware	Physical – must be purchased from reputable stores.

Do not forget that everyone is solely responsible for their own assets in the world of blockchain and digital currencies.

Therefore, it is important to back up your wallet to recover your assets if your wallet password is lost or the device on which the application is installed crashes. So far, access to millions of dollars of capital has been lost simply because of the ease of backup.

Wallets often show the user a set of 12 or 24 English words that you should write down in a safe place as a backup. In this way, the user with those words can easily access their assets in any other wallet.

Join an extraction pool and get started

Extraction pool; Everyone is working together to extract ether.

After preparing the Ethereum equipment and wallet, we now come to the most important part of the training, which is getting started.

To extract Ethereum or any other digital currency, you need one Extraction Pool Join.

Simply put, a mining pool is a virtual place (suppose a website) where miners gather the power of their hardware, and everyone tries to extract it. In this method, each miner or extractor benefits based on their processing power.

Due to the vastness of the mining space today, your chances of profit from mining will be meager without joining the mining pool. It can say that miners worldwide give their hardware processing power to mining pools, and the mining pool competes with other pools on behalf of small miners to find the block equation.

There are many extraction pools for the ethereum that you can use. This link Is the best of them. Each mining pool can vary according to its processing power, fee, and service quality. When updating this article (mid-2021), the three Ethermine extraction pools, 2fpool and SparkPool, are among the best ethereum extraction pools.

Here we teach the extraction method in the Ethermine pool, But the connection to the rest of the extraction pools is made almost the same way.

The process of starting the extraction work in Ethermine is as follows:

• Download extraction software (in this PhoenixMiner tutorial)
• Edit software config file
• Run the software and start the extraction

It would help if you had mining software to connect to the extraction pool.

With one of the following software, you can connect to the Ethermine extraction pool:

• Claymore Miner: Download
• Ethminer: Download
• PhoenixMiner: Download

In this tutorial, we will introduce the PhoenixMiner software. Phoenix Miner extraction software is one of the best ethereum extraction software with the graphics card. This software supports both AMD and Nvidia graphics cards. Be sure to read the development team instructions on the download page before running the software.

After downloading the software, decompress it, right-click on the “start_miner.BAT” file in the software folder, and select Edit. Then edit the bottom of this file and enter the settings you need.

In front of the phrase “pool-” should be the extraction pool server. If you are carrying out extraction operations in Iran, it is better to use the address of the Asian server of Ethermine pool, which is as follows:

asia1.ethermine.org:4444

You must also specify a second server in front of the phrase “pool2-” to perform the extraction operation on the second server if the first server fails. We suggest you select the European server for the second server: eu1.ethermine.org:4444.

In front of the phrase “-wal,” you have to put the address of your Ethereum wallet to transfer the extraction bonus to it. Leave the rest intact and save the file in the same bat format.

Now by executing the saved bat file, the extraction operation begins.

If you have trouble running the program, you can find a solution with a little inquiry and research. There are also a lot of videos on YouTube about running mining software.

Ethereum migration to stock-proof; End of mining?

According to a pre-determined plan, Ethereum is supposed to end mining or mining once and for all, and instead, transactions will do through an alternative method called “mining.”Proof of stock» To be confirmed. Of course, the exact time of implementation of this update is unknown, and it can say that this will not happen until the end of 2021.

«Ethereum 2.0(ETH 2.0) is the name of a major Ethereum upgrade that has long been planned in the Ethereum Roadmap. According to this update, Ethereum will use the Proof Of Stack algorithm instead of the Proof Of Work algorithm for greater scalability (faster and cheaper transactions).

Proof of shares is a different way to validate transactions and create new blocks for the Chinese block.

In this algorithm, people have to buy some ether and allocate it to the network in a wallet to participate in transaction validation and block creation.

In this way, they can verify transactions and receive new digital currency units (Ethereum). And in this way, the participants charge a fee for network transactions.

This eliminates the need to purchase expensive hardware to participate in the network. Improves stock scalability (speed and commission of transactions).

Phase Ethereum Zero 2.0 was implemented in 2020.

Ethereum stock proofing will be activated in this phase, but mining will continue. In Phase One, the Ethereum blockchain is set to demonstrate small stocks and end mining fully. According to the evidence, phase one is not yet known, but it does not seem to be implemented until the end of this year.

Therefore, it can say that ethereum mining can continue at least until the end of 2021. For a complete introduction to Ethereum 2.0, you can refer to the article «Ethereum 2.0; Everything you need to know about the great Ethereum update” See.

After the end of ethereum mining, miners are likely to join other chains Classic Ethereum, Bitcoin Gold, and other digital currencies that can extract with a graphics card.

ASIC devices for the ethereum?

Until about three years ago, only graphics cards use to extract Ethereum cheaply. It is possible to extract graphics cards from most people, especially people who love technology, because today, the graphics card is used to play and run graphics software. This causes the ethereum network to be largely decentralized, But graphics cards are not powerful.

The word ASIC stands for “Application-specific Integrated Circuit.” In other words, an ISIC chip is designed for a specific purpose or use. Due to this, an ISIC can be used for any device; But today, we see this idea more in mining machines.

In early 2018, Bitmain, the largest mining equipment manufacturer, launched the Antminer E3 for Ethereum.

With a hash power of about 180MH / S and power consumption of 800 watts, the device was officially unveiled as the first Ethereum miner. Other companies then launched the ISIC device.

Antminer E3 device

Innosilicon is another manufacturer of ISIC devices that continues to market new devices for extracting the Ethash algorithm.

ISIC devices are several times more powerful than graphics cards and have a fast return on investment at a lower cost than the extraction rig. For example, the Innosilicon A10 Pro + can generate more than $ 50 a day in revenue when updating this article.

It is also straightforward to set up ISIC devices, such as ADSL modem settings; All you have to do is turn on the machine and enter the extraction pool information in the software of this machine. Today, digital currencies such as Bitcoin, Bitcoin Cash, and Light Coin are extracted only with the ISIC device.

Risk of ISIC devices

Although Ethereum extraction with ISIC is very profitable and the payback time is short, we should not forget the risk of algorithm changes and upgrades in the Ethereum network. Ethereum developers oppose ISIC devices.

The main reasons for this opposition in simple terms are:

• Graphics cardholders can no longer profit from ISIC devices’ advent and give up supporting and maintaining the Ethereum network.
• The use of ISICs puts hash rates and network processing power in the hands of a wealthy minority, But the graphics card has other uses as well, and it distributes the extraction.
• Decentralization, which is the most important principle in any digital currency, is threatened. With ISICs, a large group of miners can compromise network immutability and act against network goals.

Put, with the entry of ISIC devices into the market, Ethereum Miners faced two major risks:

1. For miners who do extraction with a graphics card, ISIC is a big risk because with the massive introduction of ISICs into the extraction stream, the hardness of the network will increase, and extraction with the graphics card will no longer be beneficial.

2. On the other hand, there is this risk for those who intend to extract with ISIC because the main developers of Ethereum are strongly opposed to the entry of ISIC into this stream and are determined resistant to ISICs are.

Therefore, although the Ethereum ISIC devices have performed very well so far and have not been dealt with by the developers, it is unlikely that a change in the algorithm in the Ethereum may make the ISIC devices unusable.

Frequently Asked Questions about Ethereum Extraction

Is Ethereum Mining Still Profitable in 2021?

The short answer to this question is “yes,”; But it should not be forgotten that the general answer is relative, and whether or not ethereum extraction is profitable may change at any time and under any circumstances.

Many factors, including the price of ether and the cost of electricity, directly impact the profitability of this activity. By entering the total processing power of graphics cards and the cost of electricity in an extraction calculator, you can calculate the profitability of this activity in an instant.

Is it possible to extract ethereum with a laptop or home computer?

On paper, yes; But you should know that this is not economical and can damage your laptop or home computer.

Can Ethereum be extracted with a mobile phone?

No, it’s not profitable, and almost all software that makes such a claim is a scam.