How does ether coin manage mining
Ethernet mining tutorial
1. Create a new folder on the hard disk, which is better than C: eth. Then all the mining software is stored here
2. Download the following software
1) geth -- select geth win download and unzip
2) ethernet -- download and unzip to the same folder and rename it as "miner"
3) Ethereum wallet -- Download the win Ethereum wallet and unzip it and rename it as "wallet"
install all the software
3 Open the command prompt (click win and R at the same time, or click Start menu and enter CMD). The command prompt is a command line parser that allows you to execute command input software in the operating system
After
, you will have Ethereum wallet. But there is no balance, so next you need to build an ethminer. It's time to minimize your wallet
Mining
Hardware
algorithm is difficult to solve in memory. In order to make DAG suitable for memory, each GPU needs 1-2gb of memory. If you get an error prompt: error GPU mining. GPU memory fragmentation? It means you don't have enough memory. GPU mining software is based on OpenCL, amd GPU will be faster than NVIDIA GPU of the same level. ASIC and FPGA are relatively inefficient, so they are blocked. To get OpenCL for chip integration platform, try:
amd SDK OpenCL
NVIDIA CUDA OpenCL
Ubuntu Linux settings
for this quick guide, you will need Ubuntu 14.04 or 15.04 and fglrx image driver. You can also use NVIDIA drives and other platforms, but you have to find your own way to get an effective OpenCL installation, such as genoil's ethminer fork
if you are using 15.04, go to & quot; Software and updates 〉 extra drives & quot; Set to & quot; Use the video driver & quot; from fglrx for AMD graphics accelerator
if you are using 14.04, go to & quot; Software and updates 〉 extra drives & quot; Set to & quot; Use the video driver & quot; from fglrx for AMD graphics accelerator;. Unfortunately, for some people, this method may not work, because there is a known program error in Ubuntu 14.04.02 that will prevent you from switching to the exclusive graphics drive necessary for GPU mining
therefore, if you encounter this program error, go to & quot; "Software and update" update & quot; Select & quot; Pre release reliable update proposal & quot;. Then, back to & quot; Software and updates 〉 extra drives & quot; Set to & quot; Use the video driver & quot; from fglrx for AMD graphics accelerator;. After restarting, it's worth checking that the drive is now properly installed (for example, by going to & quot; Additional drives & quot;)
no matter what you do, if you are using 14.04.02, once installed, do not change the drive or drive configuration. For example, the use of aticonfig – initial (especially the - F, - force option) will & quot; Destruction & quot; Your settings. If you accidentally change the configuration, you will need to uninstall the drive, restart, install the drive again and restart.
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many new users believe that the sole purpose of mining is to generate ether in a way that does not require a central issuer (see our guide "what is ether?"). It's true. The token of Ethereum is proced in the process of mining, with a mining rate of 5 Ethereum coins per piece. But mining is at least as important. Usually, banks are responsible for keeping accurate records of transactions. They make sure that money is not created out of thin air and that users don't cheat and spend money many times. However, blockchain introces a new way to keep records, the whole network instead of intermediary, to verify transactions and add them to the public ledger
Ethereum mining
although "no trust" or "trust minimization" monetary system is the goal, there are still people who need to ensure the security of financial records and ensure that no one cheats. Mining is one of the innovations that makes decentralized records possible. Miners have reached a consensus on the history of transactions in terms of preventing fraud (especially double spending on ether) - an interesting issue that hasn't been addressed before the decentralized currency works on the blockchain. While Ethereum is looking at other ways to reach a consensus on the effectiveness of the deal, mining currently keeps the platform together
how mining works
today, the mining process of Ethereum is almost the same as that of bitcoin. For each transaction, the miner can use the computer to guess the answer repeatedly and quickly until one of them wins. More specifically, the miner will run the unique header metadata (including time stamp and software version) of the block through the hash function (which will return a fixed length, unordered string of numbers and letters, which appears to be random), changing only the 'nonce value', which will affect the hash value of the result
if the miner finds a hash that matches the current target, the miner will be granted ether and broadcast the block across the network for each node to verify and add to their own ledger . If miner B finds the hash, miner a stops working on the current block and repeats the process for the next block. It's hard for miners to cheat in this game. There is no way to fake the work and come up with the right answer to the puzzle. That's why solving puzzles is called "proof of work."
on the other hand, others have little time to verify whether the hash value is correct, which is exactly what each node does. About every 12-15 seconds, a miner finds a stone. If the miner starts to solve the puzzle faster or slower than this, the algorithm will automatically re adjust the difficulty of the problem so that the miner can rebound to about 12 seconds of solution time
miners earn these ethers randomly, and their profitability depends on their luck and the computing power they put in. The specific workload verification algorithm used by Ethereum is called "ethash", which aims to require more memory, making it difficult to mine with expensive ASIC. Special mining chips are now the only profitable way to mine bitcoin
in a sense, ethash may have achieved this goal successfully, because dedicated ASIC is not available for Ethereum (at least not yet). In addition, as Ethereum aims to shift from proof of work mining to "proof of equity" (which we will discuss below), buying ASIC may not be a wise choice because it may not prove useful for a long time< However, Ethereum may never need miners. Developers plan to abandon proof of work, the algorithm currently used by the network to determine which transactions are valid and protect them from tampering to support proof of equity, which is guaranteed by token owners. If and when the algorithm is launched, proof of equity can become a means to achieve distributed consensus, and the consensus uses less resources.