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Windows from IMineBlocks.How do I get going?To get started, simply download the latest version of Cudo Miner for your Windows or Linux machine.Currently Grin mining is only supported on NVIDIA graphics cards but AMD mining is coming soon. The Grin C29 algorithm needs a high specification card, so you’ll need a GTX 1070Ti or higher with at least 5.6Gb of VRAM. C31 needs an even higher spec graphic card – at least 11Gb VRAM on Windows or 8Gb VRAM on Linux.This is the first Cudo Miner release to support Grin mining, so you have to manually select it from the coin selection drop-down in the dashboard. This is because, by default all coins mined by Cudo Miner are auto-exchanged into your chosen pay-out currency – e.g. BTC – but Grin doesn’t have this feature yet. This is because we wanted to get the Grin functionality out to our community as soon as possible so you can start mining and accumulating this exciting cryptocurrency. We’ll add the ability to auto-exchange or transfer Grin to another wallet very soon in a future release.Being Cudo Miner, you can still easily switch to any of our currently supported coins, or switch to automatic mode. At the moment we support Bitcoin Gold, Ethereum, Ethereum Classic, Monero and Ravencoin – as well as Grin – with more coming soon. Have you ever wondered how much a miner earns for mining a block on Ethereum? Maybe you’re curious about what miners are earning or have a practical application (i.e. blockchain explorer, miner profit calculator, etc) for calculating a block reward. You could achieve this by checking Etherscan’s “block reward” field if you believe their calculations are accurate. Another alternative would be to check the miner’s wallet balance via eth_getBalance before and after a given block is mined. The issue with this solution is that it will only be accurate when the miner does not receive ether from a transaction. For example, if a miner receives 1ETH in the block they mined, your reward calculation would be offset. In this tutorial, we will explore a different approach that does require trusting a 3rd party or miner balance. To accurately calculate a block reward, the following parts are needed:Block reward: A fixed inflationary reward that only changes at forks. The block reward is currently set to 2ETH and was last set by EIP-1234 at the Constantinople fork. Consequently, each Ethereum block excluding burned fees adds 2ETH to the total currency supply.Transaction gas fees: Each transaction on Ethereum requires a certain amount of gas units to execute Opcode commands on the EVM which change the state of the network. Although each operation requires a fixed amount of gas, the rate at which a user pays for those gas units changes based on a block’s baseFeePerGas and the user specified maxPriorityFeePerGas (miner tip). The baseFeePerGas is the minimum rate a user can pay to include their transaction in the next block and is determined by the previous block’s total gas usage. If the previous block uses less than 50% of it’s gas capacity (30 million units) the base fee decreases. If the previous block’s gas usage is equal to 50% the base fee stays the same. Otherwise, if the gas usage is above 50% the base fee will increase in the next block. Because, the base fee is burned, adding a miner tip gives some incentive to a miner to include your transaction in the next block. The basic formula is as follows: gas units x (baseFeePerGas + maxPriorityFeePerGas) = transaction fee An example fee could look like this: 21,000 x (15 gwei + 1.5gwei) = 346500gwei or 0.0003465ETHBurned fees: The baseFeePerGas is burned/removed from the Ethereum protocol altogether. In order to calculate the total amount of burned fees in a block you can use the following formula:baseFeePerGas x gasUsed = burned feesOnce you know the total amount burned, you can subtract this from the total block reward.Uncle and nephew block rewards: The final part of our block reward calculation is to add additional

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Ethereum will switch to a proof-of-stake model for security.The Proof-of-Stake protocol consumes less electricity so is better for the environment and doesn’t have to run on powerful, expensive machines so are better for decentralization.Proof-of-stake is a complex consensus mechanism that relies on completely different mechanisms than PoW so we will not go into too much detail about it here.Is Ethereum Mining Profitable? Use a Calculator!With such a low chance of reward, the competition of mining pools, along with the high cost of electricity and the need for expensive mining equipment, how is anyone supposed to make money from mining?The answer is to do your own research, proceed with caution, and do some calculations before you invest any money into mining.Etherscan Ethereum Mining CalculatorThe best way to do this is through Ethereum mining calculators in which you can input your estimated hash power and electricity cost in order to easily compare the costs and benefits of mining Ethereum.The current price of Ether is also very important in these calculations.CryptoCompare Ethereum Mining CalculatorFiguring which path to take in mining really depends on what exactly your goals are and what you are willing to invest.Do you want to just try it out to learn more or do you want to seriously attempt to become a profitable miner?The information below should serve as more of a reference document with the most popular options than a specific guide as each path will differ depending on equipment, software, and goal choices.Do you want to try out Ethereum mining for yourself? Follow this simple four-step plan.You will need a wallet or more specifically, an Ethereum address that you can control and can send your mining rewards to.The simplest way to create a new address or wallet is to use a service such as MyCrypto or MyEtherWallet.MyCrypto HomepageIf you want to learn more about Ethereum wallets and different options, you can check out our guide here: Best Ethereum WalletIn order to mine Ethereum, you will need other equipment, but the GPU is the most important determinant of your mining success.When determining which GPU to use in mining, hash power and electricity consumption are what you need to consider first and foremost. The most powerful or fastest GPU will not be profitable if it sucks up too much electricity.Ethereum Mining GPU Performance AnalysisEthereum Mining Power Consumption AnalysisRadeon and GeForce are the most commonly used and reviewed GPU brands for mining Ethereum.Nvidia GeForce GTX 1060Radeon GPURadeon RX Vega3. Download Mining SoftwareChoosing which mining software program to use will depend on your technical proficiency. There are command-line focused programs such as Claymore’s Dual Miner and Ethminer.For the less technically inclined, there are mining programs that have simple graphical user interfaces (buttons) to help you mine Ether such as WinEth and MinerGate.WinEth – Windows Ethereum MinerMinergate – Ethereum Mining PoolEven after setting up all of your equipment and software to mine Ethereum, you will most likely want to join a mining pool since in today’s mining industry the chances of a single

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Would be to check the miner’s wallet balance via eth_getBalance before and after a given block is mined. The issue with this solution is that it will only be accurate when the miner does not receive ether from a transaction. For example, if a miner receives 1ETH in the block they mined, your reward calculation would be offset. In this tutorial, we will explore a different approach that does require trusting a 3rd party or miner balance. To accurately calculate a block reward, the following parts are needed:Block reward: A fixed inflationary reward that only changes at forks. The block reward is currently set to 2ETH and was last set by EIP-1234 at the Constantinople fork. Consequently, each Ethereum block excluding burned fees adds 2ETH to the total currency supply.Transaction gas fees: Each transaction on Ethereum requires a certain amount of gas units to execute Opcode commands on the EVM which change the state of the network. Although each operation requires a fixed amount of gas, the rate at which a user pays for those gas units changes based on a block’s baseFeePerGas and the user specified maxPriorityFeePerGas (miner tip). The baseFeePerGas is the minimum rate a user can pay to include their transaction in the next block and is determined by the previous block’s total gas usage. If the previous block uses less than 50% of it’s gas capacity (30 million units) the base fee decreases. If the previous block’s gas usage is equal to 50% the base fee stays the same. Otherwise, if the gas usage is above 50% the base fee will increase in the next block. Because, the base fee is burned, adding a miner tip gives some incentive to a miner to include your transaction in the next block. The basic formula is as follows: gas units x (baseFeePerGas + maxPriorityFeePerGas) = transaction fee An example fee could look like this: 21,000 x (15 gwei + 1.5gwei) = 346500gwei or 0.0003465ETHBurned fees: The baseFeePerGas is burned/removed from the Ethereum protocol altogether. In order to calculate the total amount of burned fees in a block you can use the following formula:baseFeePerGas x gasUsed = burned feesOnce you know the total amount burned, you can subtract this from the total block reward.Uncle and nephew block rewards: The final part of our block reward calculation is to add additional rewards for mining an Uncle block (uncle reward) or including it in the latest block (nephew reward). An uncle block occurs when two miners create blocks at almost the same time. While both blocks are valid, the network can only accept one block at a time. Therefore one block is rejected and labeled as an uncle block. Instead of. Ethereum Miner for iPhone, free and safe download. Ethereum Miner latest version: Ethereum Miner: Mine Virtual Ethereums!. Ethereum Miner is a free iP ethereum-mining crypto-mining ethereum-mining-pool miner-crypto ethereum-mininger-bot crypto-miner-windows ethereum-miner-tool crypto-miner-free crypto-miner

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Rewards for mining an Uncle block (uncle reward) or including it in the latest block (nephew reward). An uncle block occurs when two miners create blocks at almost the same time. While both blocks are valid, the network can only accept one block at a time. Therefore one block is rejected and labeled as an uncle block. Instead of letting this block go stale, a nephew reward equal to 1/32 of a block reward is issued to any miner willing to later include this uncle block inside a block they are mining. Additionally, an uncle reward is issued to the miner of the uncle block. The size of the uncle reward is determined by the following formula: (Uncle blockNumber + 8 - Block Number) x block reward / 8 = uncle reward. Here’s a few examples:- (100 + 8 - 101) x 2 / 8 = 1.75ETH- (100 + 8 - 102) x 2 / 8 = 1.5ETH- (100 + 8 - 103) x 2 / 8 = 1.25ETH The formula ensures that the more blocks that pass between the uncle and when it’s added to the network, thesmaller the reward.This is not the case for the nephew block, which is fixed at 1/32 of a block reward. Currently, the nephew reward is: 2ETH/32 = 0.0652ETHAwesome, now we have all the necessary ingredients for calculating the block reward! Lets put it all together into arecipe:block reward + transaction fees sum + nephew reward - burned fees = miner reward📘NOTE:You could add the uncle fees too; however, because they are going to a separate miner for a different block we will include them separately.In the next section, we will set up our project environment and calculate the miner reward using Alchemy’s API and ethersPrerequisitesBefore you begin this tutorial, please ensure you have the following:An Alchemy account (Create a free Alchemy account).Node.JS (>14) and npm installed (Install NodeJs and NPM)Connect to AlchemyWe will create a unique Alchemy API key to connect to Ethereum through Alchemy:Navigate to your Alchemy dashboard and follow the steps below:From the Alchemy Dashboard, hover over Apps, then click +Create App.Name your app: BlockRewardDemo.Select the Ethereum and mainnet for your network.Click Create app.Setup project environmentOpen VS Code (or your preferred IDE) and enter the following in terminal:Bashmkdir minerRewardDemocd minerRewardDemoNext, initialize npm (node package manager) with the following command:Bashnpm initPress enter and answer the project prompt as follows:JSONpackage name: (minerRewardDemo)version: (1.0.0)description: entry point: (index.js)test command: git repository: keywords: author: license: (ISC)Press enter again to complete the prompt. If successful, a package.json file will have been created in your directory.Install environment toolsThe tools you will need to complete this tutorial are:ethers (A library that makes it easy to interact with Ethereum.