How to Mine Ethereum: NiceHash, Mining Pools, Optimal Settings

The cryptocurrency mining and Ethereum mining boom continues to roll on, and if you’ve read our best mining GPUs and want to see what all the fuss is about, we’ve got the details on the most popular ways of mining with your PC. Besides the actual hardware for mining — which basically means having one of the best graphics cards — you’ll need to decide on the software you want to run, and how you want to get paid. There are three primary approaches to mining, and we’ll cover these in order of ease of getting started.

Before we continue, let’s be clear: We’re all about providing information, both good and bad. There are GPU shortages, other PC component shortages, GPU pricing is stratospheric, and clearly, there are a bunch of people who think mining is awesome. This has all happened before, and we’ve seen how it ends — or at least where it goes temporarily. Anyone that had the foresight to put together a big mining farm sometime in the past year or two and save all the Ethereum and/or Bitcoin it generated (while eating the costs) looks pretty smart today. Trying to do the same thing right now? It will cost more, profits will be lower (or not even materialize for potentially years, if ever), and there are loads of other concerns that we’ll get into.

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