Most cryptocurrency prices have risen sharply in the first quarter of this year. This has made it interesting for people to buy massive graphics cards and to get started to "crash" cryptocurrencies. Those mines are particularly profitable, an average mining operation draws hundreds of euros a day, depending on the flow price. But mines are not alone, for the very best, even regular gamers can use their graphics card to earn some euros each month.
Miners have been responsible for a shortage of reasonably priced graphics cards, for the annoyance of gamers. The demand for video cards from professional miners is even so high that the new RX Vega cards are offered in a package to discourage massive purchases by miners. The reason for this huge increase in miners is the ever-increasing price of cryptocurrencies, digital payment methods secured by blockchain technology.
To ensure that all transactions on that blockchain are in accordance with the rules, and that they can not be modified later, miners verify all transactions that are being made. These transactions then collect them in a so-called block. It all costs hardly any computing power, which is only necessary when "blocking" this block to the rest of the blockchain. In order to prevent everyone from delivering continuous blocks, the miners must first provide a response to a specific sum that is unique to that block. That answer can only be found by constantly trying answers until the right one is found, something that graphics cards are very good at.
Gamers who have a powerful graphics card - especially AMD - can set it up to minus. Between gaming by, for example, at night or during work, the PC can stay on to run mining software. Note that it requires a lot of extra power over normal operation. If you do not pay for the flow yourself, it's nice to ask for permission before you pay for other people's costs.
Do not expect to earn millions with home mines. A single RX 480 or GTX 1070 earns at the time of writing about one euro a day with Ether (the most popular currency for this). This is calculated on the basis of current price, level of difficulty and 22 cents per kWH of power costs (the national average). It is often only interesting later because such coins become more expensive over time, which means that a euro may be ten or a hundred euros in a year. Often it is worth paying the coins in your digital wallet for a long time.
In addition to a graphics card, only special software is needed and up-to-date drivers. Download from AMD or Nvidia the most recent drivers for your video card, otherwise you may encounter problems during mining. The next step is to determine which coin you are going to mining. There are literally hundreds of coins that can be mined, with values ranging from a few thousand to one cent to thousands of euros. At WhatToMine.com you can see which coins are the most profitable to mining with your graphics card.
For a few months, Ethereum has been the most popular, but the rise in prices has fallen sharply since the huge increase started this year. So it may be wise to choose a currency where there is even more opportunity for growth. If profit is less important, you can also choose to minus a coin of which you support the concept. For example, there are also coins that are made to support charities.
Once you have chosen a coin, it is a matter of downloading the mining software. Each coin has its own mining software and some mining programs even support multiple coins. A few coins left there are two options as to how to minet. You can choose to minus solo, with each time trying to solve the sum to be able to deliver a block. The chance that dt happens - especially with just one graphics card - is very small. As a result, it is recommended for beginning miners to go into a so-called pole, where you work with other miners to find a block.
Almost every coin does have a number of pools that provide pre-configured mining program so you only have to fill in the address of your wallet. A good example of this is Nanopool, which provides pre-configured mining software for Ethereum, Ethereum Classic, Siacoin and Monero. For coins where no pool is available or where the pool does not offer instructions, there is often a guide to find out how to get started.
The only thing left is to turn on the miner when you go to sleep or go to work.
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