Ethereum has appeared more and more in the news and rightfully so. Ethereum recently set another transaction record of 400,000 transactions in a single day. Then the recent drama of the Bitcoin split has caused even more attention to Ethereum as an alternative. If you are unfamiliar with other Blockchain or Ethereum check out the following articles:
I thought it would be interesting to see what it takes to mine Ethereum. Ethereum is another crypto currency, similar to bitcoin. Before starting if you are unfamiliar with either cryptocurrencies in general or ethereum consider reading the articles below. My post is not meant to be an overview of either, but rather how I got mining Ethereum going on Ubuntu.
Ethereum Software Link to heading
Currently there does not appear to be any Ethereum packages in the Ubuntu archive. However, there is a PPA for Ethereum that is available for all supported releases of Ubuntu. Inside is a package called ‘ethereum’, which is a metapackage to install all the relevant software. Both the PPA and package can be installed via the following:
Wallet Address Link to heading
Once installed the next step is to get a wallet address. You can create this by using
geth, which is a go-lang based ethereum command line interface. Geth will ask you to create a passphrase, which you must use and not forget.
The value printed as the address is your personal wallet address.
Mining Software Link to heading
The next step is to find software to mine ethereum. There are plenty of options to choose from:
I choose to go with ethminer because I found it was well documented, had GPU support, and seemed simple, and easy to setup.
Nodes Link to heading
You can choose to mine solo or with a pool. I did not want to get geth setup to act as a node, so I instead choose to mine in a pool. Therefore, before mining we need to find a node to determine where to push our store.
I found the ethermine.org site to be straightforward and decided to mine using it.
Mining Link to heading
Finally, it was time to get mining! I got ethminer setup with the instructions found on ethermine.org:
Here is a breakdown of the options:
--farm-recheckdetermines how often to check for work
-g/--openclsays to use OpenCL. If I had setup CUDA on the system and then I could have used the
-FS/--failover-stratumare the remote nodes I am connect to.
-O/--userpassis the address I generated earlier
The following output comes from the ethminer showing my hashrate:
After a short time, my miner page on ethermine.org showed up and started getting filled in with statistics:
And finally, I could see the possible income from the mining:
Next Steps Link to heading
The most obvious thing to try next is getting CUDA setup on this system and run using the
There are plenty of guides on forums and sites stating how to increase your rates to the absolute maximum either through overclocking or changing settings of the miner it self.
Playing with the other miners would also be interesting to see if there was a performance difference with any of them or easier setup and config.