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Ethereum Mining Guide - Part 1: The Basics & Set Up

By: Anthony Garreffa | Editorials in Software | Posted: 1 week, 3 days ago

Down The Mine We Go

 

The first mining pool that I jumped onto was Alpereum, which has 1493 miners at the time of writing - with 185GH/s of hashrate power amongst the users. Alpereum pays out your ETH mining when you hit 0.2ETH created, charging a 0.2% fee at the time. I've been crunching away with 10 hours of configuring systems, with 10 systems and 28 GPUs between them - it's nearly a full-time job as it is.

 

Alpereum

 

Alpereum is my current Ethereum mining pool, and this will be changing soon. I didn't want to change before I wrote this article, as I had invested close to 50 hours of time into Ethereum mining for the week. There will be a follow up article that will dive deeper into alternative Ethereum mining pools, soon.

 

ethereum-mining-guide-part-basics-set-up_155

 

Alpereum is a Swiss-based mining pool, which used to be located in a factory, but is now in a municipality-run foundation in the Glarus Alps. You will need to choose a mining pool closest to you, with 4 options: Europe, USA East, USA West, and Asia. I'm in Australia so the closest to me is the Asia server, which is why you'll see "asia.alpereum.ch:3002" throughout my guide.

 

 

If you decide to join the Athereum mining pool, you'll need to work out which pool is closest to you - as you'll need this mining pool address in the future steps:

 

  • eu.alpereum.ch:3002
  • useast.alpereum.ch:3002
  • uswest.alpereum.ch:3002
  • asia.alpereum.ch:3002

 

 

Alternative Ethereum Mining Pools

 

There are other mining pools which are far bigger, with:

 

Ethpool.org

 

  • Anonymous mining
  • 0-Variance solo mining
  • Global mining network with DDOS protected servers in the US, Europe and Asia
  • Unique payout scheme
  • All Ethereum miners supported (qtMiner, cudaminer, eth-proxy and ethminer)
  • Full stratum support
  • Efficient mining engine, low uncle rates
  • We pay uncles & transaction fees
  • Detailed global and per-worker statistics
  • Invalid shares warnings
  • 1% fee
  • Professional helpdesk
  • Third party Android Monitoring App

 

Nanopool.org

 

I'll add more Ethereum mining pools as we go on this adventure, but they're the 3 that I looked at before hastily joining Athereum.

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