V. 6.0 – Ethereum mining
by Janika Kouki
Today we are announcing the release of version 6.0 of our desktop application. As you can see, the initial digit has changed, which indicates a major update. We are excited to present you Ethereum mining!
If you ever wondered what MinerGate’s biggest priorities are – just take a look at the history of our updates. We are the first pool to offer the feature of merged mining, we have the most convenient GUI miner in the crypto community and recently released the first mobile miner for CryptoNote currencies. The list can go on, the main idea is that innovations and evolution are our core values. They guide us and make us search for better decisions and cutting-edge upgrades for our clients.
Ethereum, or Ether is the currency of the blockchain platform with the same name. It was developed in 2014 by Vitalik Buterin, a 19-year-old developer from Canada. The crowdfunding project for Ethereum became the third most successful in history.
Ethereum has a platform for creating so-called smart contracts. Smart contracts are a basis for decentralized applications, often called dapps. They run without any possibility of censorship, downtime, fraud or third parties interference. The applications can move value through Blockchain and represent the ownership of property.
Ethereum is one of the most bold and ingenious projects of the last years. It may contribute to many areas of our everyday lives. MinerGate is happy to welcome the currency with the same forward-looking goals and ideas as we have.
Getting started with Ethereum
MinerGate’s update makes it easier for anybody to start mining Ethereum without being a tech-savvy miner. Just download our GUI application, press the button and start getting your Ethers in mere minutes. One click and you are all set!
When you first click Start mining next to Ethereum, you will see that the application is preparing the so-called DAG file. It will take a couple of minutes. Don’t worry, we need to do this only once, this won’t happen each time you enable ETH mining.
It may happen that at first your hashrate will be quite low, just several hashes. Leave it as it is, it will increase as you keep mining. This is a standard case for Ethereum mining, let your rig speed up for some time.
MinerGate offers you Ethereum mining with PPLNS reward method. It means that once the pool finds a block, you get the reward for sent shares. The more shares you send, the bigger reward you get. Learn more about PPLNS reward method in our FAQ.
This version of our GUI miner supports CPU and NVidia GPU Ethereum mining. We have made CPU mining 20,000 times easier than other pools. Usually, if you mine Ethereum on CPU, it is almost impossible to send a share. With MinerGate you will be able to do it every several seconds.
Please note that the RAM (random-access memory) of your GPU must be at least 2GB for the card to be available. This is a restriction caused by the current size of the DAG file, which is close to 1,5GB at the moment.
To start mining with AMD cards, please use ethminer and follow the instructions below. We are planning to integrate AMD mining to our GUI application in one of the next releases.
Pool address and port for Ethereum
In case you are an experienced crypto enthusiast and came to good terms with console interface, just install the official Ethereum ethminer following the instructions on the official website and use these settings to connect to our pool:
For CPU mining
ethminer -C -F http://pool.minergate:55751/<YOUR_EMAIL> –disable-submit-hashrate
For GPU mining
ethminer -G -F http://pool.minergate:55751/<YOUR_EMAIL> –disable-submit-hashrate
Our desktop application has been refreshed and refined on every level. Here are all the improvements we made in this version:
- Ethereum mining for CPU and NVidia GPUs
- Improved benchmark
- New logo
- New licence agreement
- Improved design
- Achievements bugfixes
- Minor bugfixes
Download version 6.0 of our miner and join Ethereum network!
Let us know what you think and make your suggestions in the comments section below. We are always happy to hear your suggestions and read the reviews.