In the Ethereum blockchain, miners mine Ether, a type of crypto token that fuels the network.
Ethereum Mining Hardware
The first thing you will need is a special computer hardware to dedicate full-time to mining.
You probably want to set up a mining rig, a machine that might be composed of multiple GPUs and might take a week to build.
Best GPUs (Hardware) for Mining Ethereum
1 – Sapphire Radeon R9 295X2
2 – Radeon R9 HD 7990
3 – Radeon RX 480
4 – Radeon RX 470
Ethereum Mining Software
The next step is to install the mining software.
The software acts as a link between the hardware and the user.
Best Mining Software:
1 – Ethminer
2 – Dual Miner
3 – Minergate
Ethereum Mining Pool
Miners ‘pool’ together with their computational power into ‘mining pools’, to improve their chances of solving the cryptographic puzzles and earning ether.
They then split the profits proportional to how much power each miner contributed.
Best Ethereum Mining Pools:
1 – Ethpool/Ethmine
2 – F2pool
3 – Dwarfpool
4 – Ethfans
5 – Miningpoolhub
Ethereum Cloud Mining
It is like you’re renting mining time from other people
In return, they give you all the rewards they can mine
Best Ethereum Cloud Mining Platforms:
1 – HashFlare
2 – Geneisis Mining
3 – HashGains
4 – EoBot