Of course, this is a very interesting project, and it is attractive to miners. You can start the mining the Ethereum at home from the CPU, a graphics card or ASIC.
You will need to use the geth, ethminer and ethminer-cuda for the work on your home computer. The configuring a local mine on the CPU requires the following operations:
- Run the geth-console.bat and enter the ‘miner.start(4)’ — in brackets are the number of cores/threads that you will use.
- Enter the command ‘miner.stop()’ in the command line to complete the mining process.
Please note that today almost no sense to mine the Ethereum alone using only the CPU. If your GPU capacity is insufficient, then it is possible that in principle, you can not complete the block. In addition, many miners say that the geth are sometimes buggy, and it ceases to receive new work from current block at a single mining, so you need to carefully monitor the progress of the system.
With regard to the work on ASICs, then it is much easier. You just buy the equipment, connect it, and run. Then you have to monitor the normal operation of the device. However, it should be noted that not every ASIC is working with this cryptocurrency, as this system is built on a bit different protocols than the bitcoin and its forks. Given that the special mining hardware costs a lot of money, it is better to consult the seller before buying.
Regardless of which method of the mining you choose, remember that the producing equipment heats up very much. So necessarily consider a cooling system. If you do not do it, you are simply forced the computer or ASIC to burn out. In addition, before you start, calculate what expenses you will have for the electricity and a cooling equipment so that the mining will be a cost effective.