Steps To Setting Up A Mining Pool
Despite the fact that NiceHase makes mining more convenient, I do not believe that setting up a more manual miner is particularly challenging. As a result, this is the method of mine that I prefer in the end.
Step 1: Choose a Pool
Because there are so many options available, deciding on which mining pool to use can be a difficult decision for some people. This post discusses my favourite pools, as well as the best times to visit each of them, and how to find them. In my personal experience, I prefer Ethermine because it is well-known, has a convenient web interface for tracking your earnings, and has a straightforward payment structure that pays out based on your contribution to the block's overall earnings. Detailed instructions for selecting your mining server from a list can be found on the Ethermine Start Mining page. But first, let's download our mining software, which will be available in the near future. We'll return to this page later.
Step 2: Choose a mining software programme
Following the same Ethermine page, you'll notice that the second step is to choose your mining software, which you can find here. Decide on the operating system you'll be using first, followed by the manufacturer of the graphics card you'll be purchasing. Instead of using Linux, I prefer to mine on Windows because I use MSI Afterburner to lower the voltage of my extremely hot 3080 FE graphics card, which runs extremely hot. When your card is used for extended periods of time, undervolting it can help to reduce the amount of wear and tear it experiences as a result of the prolonged use. Regarding choosing a miner, I've heard a lot of good things about Ethminer, which I'm considering. In contrast, when I first installed my mining software a couple of months ago, I discovered that Ethminer was unable to properly support Nvidia's 30 series GPUs. So I chose T-Rex, which has proven to be an excellent decision for me so far. A large number of people in the community believe that T-Rex is significantly faster than Ethminer; however, T-Rex takes a 1 percent cut of your profits, whereas Ethminer is completely free. Despite the fact that I am unable to provide specific figures at this time, feedback from several friends has indicated that T-1 Rex's percent development fee was more than justified. This is due to the fact that both are very similar in terms of installation and usage. You can quickly and easily install both and run a few tests to see which performs the best when fees are taken into consideration. Here's an important distinction to make: Ethminer is free and open source, whereas T-Rex is closed source. Many people prefer to use open-source software when it comes to cryptocurrencies, and this is for a variety of different reasons. Furthermore, open-source software is extremely transparent; when downloading software that will make use of your hardware for monetary gain, it is critical that you put your trust in the application that you are working with. However, T-Rex, on the other hand, is extremely well-known. So while I prefer that it be open-source, I am not concerned about the overall security of the software.
Step 3: Downloading and Installing Mining Software
Before you begin, make sure you have the most recent release (not the alpha) of Ethminer and T-Rex for your operating system and graphics card manufacturer downloaded. Then move the files to a location on your computer that is more convenient for you to access them from. My own personal extraction process was as simple as creating a new folder named "Trex" within my "Documents" folder on my computer.
Step 4: Using the Command Prompt, navigate to the Miner that was previously downloaded.
Open the "Command Prompt" on a Windows computer, or the "Terminal" on a Linux computer, depending on your operating system. Navigate to the folder that contains the application that you just extracted by clicking on the following link:
As soon as you enter the directory where you extracted the T-Rex application, you will be greeted with the following message: We are completely ready to begin mining operations!
Step 5: Initiate the mining operation.
Înainte de commencer à miner, we must first create the command that will instruct the miner on how to pay out to which wallet and which pool to mine on in order to begin mining. It is possible to have three separate computers mining on the Ethermine pool with T-Rex at the same time. As long as you keep using the same wallet address, Ethermine will combine all of your earnings into a single "account," which you can access from any computer. Use a different wallet address, and Ethermine will combine all of your earnings into a different "account," so be sure to change your wallet address. If you want to be paid out on your old pool, don't switch to a new one until you're ready to be paid out on your old pool. If you want to be paid out on your new pool, wait until you're ready to be paid out on your old pool. There is a command that should be copied and pasted into the command prompt window to complete the task. Input your own wallet address, and you can use any name you want for the username on your computer. You should enter your own wallet address. The region "us2," which stands for the Western United States of America, will be used as an example in this section. Consider the following scenario: you live in Europe, Asia, or the Eastern United States. If this is the case, you should change the region to the one that is most convenient for your current position. For example, if you live in North America and aren't sure which region to choose, you could try both. Then you can compare the results to see which of your Ethermine dashboards has the smallest number of stale shares. Maintaining focus on the fact that this command was written in Windows, not Linux, is important. Because Linux does not support ".exe" executables, you can simply remove the ".exe" suffix from the end of the filename to avoid this problem.
Step 6: Check the temperatures with Hwinfo64 (HWinfo64).
There is a problem that many users, including myself, are experiencing with the new 3080 and 3090 processors: Temperatures in VRAM can reach 110 degrees Celsius before performance is throttled, according to the manufacturer. The problem is that 110 degrees is a little too hot to be comfortable if you are running this all night, especially if you are anything like me. Your 3080 is for professional purposes only, not for mining. HwiNFO64 is the best app I've found for checking your VRAM temperatures, and it's completely free to download and use. It is the only application that I have found so far that displays the temperatures of the memory junctions on the 30 series graphics cards, which is quite impressive. Because mining requires long periods of continuous operation, miners generally prefer to undervolt their graphics processing units (GPUs).