Ethereum Mining with Laptop and PC : A Short Guide for Profitable Mining

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Crypto Mining Guide

Getting Started With A

Gaming PC

Crypto Mining Guide

Getting Started With A

Gaming PC

By Stephen Wealthy

Contents

Crypto mining is an incredible way to make side money using the computer hardware you already have. This goal of this guide is to teach you how to take a gaming PC you bought recently and make you some money.

Many see crypto investing as just buy and hope, but the incredible reality is we can participate in the space and get rewarded for our contribution.

I hope you find crypto mining, and specifically mining Ethereum, to be as rewarding as I have found it to be.

This beginners guide is offered free with no strings, no referral links, no affiliate links and no expectations of reward or compensation.

Why?

Mining crypto has been one of the best and highest returning investments of my life. I discovered it on Twitter and learned it for free by watching YouTube videos. I want to give back to the very thing that has put over $200K into my pocket in just over a year and I want you to participate too.

Start small, mine what you can, and let your imagination inspire you to what your next step will be.

Regards,

Stephen Wealthy

Requirements

I want you to use an already existing Gaming PC you use already. Prices are high for new hardware, so we want to avoiding buying new or from the secondary market. Let’s use something we already have. A little later in the guide, I’ll show you how to attach another GPU if you can be so lucky as to find one at a good price.

So what do you need to get started?

The Mining PC needs to have the following:

  • CPU (Intel or AMD)

  • 8GB of RAM

  • GPU with at least 6GB of RAM

    • Nvidia 10XX with 6GB or more

    • Nvidia 1660 Ti / Super

    • Nvidia 20XX

    • Nvidia 30XX

    • AMD 5600 or better

    • AMD 6XXX

    • There might be others, but these are the best and most supported.

    • https://whattomine.com/ is a great website with the popular supported GPUs

That is literally it!

Here is my gaming PC with and Intel i7 7700 processor, 8GB of RAM and a GeForce GTX 1060 with 6GB

of RAM. We’ll use this PC as our build today.

How can I tell if I have enough?

Great question! More than anything, you need to look at your GPU to see if you have what it takes. On a windows machine, open Search then type Device Manager

Once this loads, click under Display Adapters and this will show you what GPU or graphics card you have installed

This tells me I have enough GPU power to get started.

Any of the AMD 5XXX, 6XXX or NVIDIA 30XX, 20XX, 10XX series cards with 6GB of RAM or higher will be enough to get mining.

Opening the PC Gaming Machine

While this step is not necessary, I want to open it up and show you what is inside, so you get an idea of what a Gaming PC looks like inside.

Bullet

Item

Description

1

Power supply

This powers the machine and is vital to operation. Always make sure you have a power supply that is efficient and capable of delivering more than enough power. This is a Corsair Platinum rated at 750 watts

It will only ever draw the required power from your wall socket and deliver the power that is needed to the machine. So while it is rated for 750, it will only pull and deliver what is required.

2

Graphics card or GPU

This is my GeForce 1060 GTX with 6GB of RAM. This card will do the bulk of all the mining work.

Graphics cards are terrific at doing simple math operations in parallel. GPUs (Graphics Processing Units) are perfect for this operation

3

CPU

The Central Processing Unit is there just to operate the system and keep the mining going. It has little to no impact on the mining

output.

4

Power cabling

We will get more into this shortly, but power cabling is critical for successful mining operation.

Out of the box, your system is likely more than adequate.

However, if you decide to add more GPUs to your system, you will need to mind your power cables.

5

Hard drive

This holds your operating system and stored files.

6

Cooling Fan

Cooling the system is paramount as we will be running this 24×7 Always make sure the system can breathe and cool itself.

I run my PC’s open air and without the lid – been doing this for years. In fact, I put the lid on for the initial photo!

GPU

The most important component of any crypto mining rig is the GPU. Here is a close up of the GeForce GTX 1060 installed in my gaming PC.

It is not especially powerful, but it will get the job done and it is a terrific first step to prove the concept of mining and making some money.

Then you can decide if you want to scale up.

In this guide, I will show you the results of this simple Gaming PC, and how to take that first step to scale it up by adding another GPU.

After that, its just a matter of scaling further and adding more computers and GPUs.

Better View Without a GPU

I will remove the GPU just temporarily to show you a better view of what is in the box, and one very critical piece we will want to note for later.

Again, you do not need to do this, but this is critical to know if we want to scale up the GPUs and add more mining power.

Bullet

Item

Description

1

CPU

The Central Processing Unit is there just to operate the system and keep the mining going. It has little to no impact on the mining

output.

2

RAM

Computer RAM sticks

3

PCI Slots

Every GPU to add to your system required a PCI Lane or slot to communicate with your computer and performing the mining operation.

By taking a quick look at this motherboard, I know this one can natively support 3 GPUs

PCI Express Power Cables

One last important component to note is how many PCI Express power cables your computer has. This computer has 2 full cables with 4 X 8Pin plugs.

These may not be loose in your computer box as some will be used for your existing graphics card, but you should be able to sum up your total cables and plugs.

Here are the cables in my box

Bullet

Item

Description

1

PCI Cable Strand

This is the cable strand and it runs and connects into the

power supply

2

PCI Cable Strand

This is the cable strand and it runs and connects into the

power supply

3

PCI Express 8 Pin male plug

These plug into the GPU Riser and the GPU itself. Most of these will have 8 pins on the end, and have the ability to split into 6 and 2 pins. This gives us flexibility for different graphics cards as some will need 6 and others 8 pin.

4

PCI Express 8 Pin male plug

Same as above

5

PCI Express 8 Pin male plug

Same as above

6

PCI Express 8 Pin male plug

Same as above

Install NiceHash

Time to get started mining crypto!

Boot up your Gaming PC and then we are going to install and set you up on NiceHash.

NiceHash is a terrific and easy way to get mining. It makes setup and execution a snap and can be left to run when you’re not using your PC for work or games. On top of this, you don’t need to setup a wallet or other crypto jargon to get started. Yes, you will need these later, but they can wait for now.

Literally you can be up and running in 30 minutes.

Step 1)

Let’s jump in – go to www.nicehash.com

Step 2)

Next, top right click Get Started

Step 3)

Fill out all the registration fields, create an account, and complete the email verification process.

Step 4)

So far so good.

Next, we want to enable and use all the services offered by NiceHash. We want a crypto wallet, we’re

going to mine, and we will exchange currencies.

Step 5)

This is the initial landing page or dashboard now when we log into NiceHash

Step 6)

Click Mining at the top of the dashboard, then click download

Next, click NiceHash Miner.

I know it recommends Nvidia users use NiceHash QuickMiner and you’re welcome to try it. But for the purposes of this guide, I will step you through using NashHash Miner which is fully compatible with all GPUs including Nvidia

Step 7)

Next you will be presented with a warning regarding Windows Defender and the requirement that you

add an exclusion. While you don’t need to do anything at this time, just know that you will soon.

I know this always sounds alarming, but many crypto mining algorithms and code will trip Windows Defender and cause a false positive. In the year plus I’ve been mining and using various crypto platforms I have never had a problem.

If you have any further concerns, please reach me on Twitter: @StephenWealthy_ and I’m happy to help

or explain.

So, click the check box and click the Go to GitHub button

Step 8)

On the next screen, click the installer package

After the file downloads, show it in the folder.

Once it shows you the file, double click to run, and accept the terms.

After it has finished the install, click Finish and run the miner

Next, accept the terms, accept the disclaimer, choose a language, and continue

Launching the Mining OS

Step 9)

Next, you should synchronize your phone with the application. This will allow you to control the miner and monitor its progress when you are remote.

Download the app from Google Play or Apple App store, and then scan the QR Code after launching the Smartphone app.

Step 10)

Back on the desktop, click login. You will see this screen next. This is NiceHash downloading the latest miner algorithms for your computer

Step 11)

You might see a screen like this. Chances are it will be a little different but its okay to accept the disclaimers.

These are just more miners that NiceHash would like to run, but they don’t own. NBMiner is one of the best. They are just warning and asking for a disclaimer because they don’t truly own the software and are using it under license from the coding team.

Their operation will be managed by NiceHash and you will see them operating. It’s just 3rd party software is all, and NiceHash needs to ask permission.

Step 12)

After this, NiceHash will begin the process of benchmarking your system.

If it doesn’t, you might need to push the play button. Be aware that this process can take a while to complete, but basically all the software is doing is detecting what hardware you have, and then putting it under a bit of load to see how it responds.

Then it will auto-select the best coin and mining algorithm so you get maximum profits. Pretty slick!

Step 13)

While it is benchmarking your system, if you have a strong CPU, you could go over and enable it and get it mining right away.

You do this by clicking Devices, and then hitting the enable and or play button. Some AMD CPUs can make a ton of money so give it a try.

Step 14)

As the process of benchmarking continues, go over and click the Benchmark button at the top. This way you can see what it is doing and see the results as they come in.

Let me explain to you what each of these mean:

Algorithm is the mining algo that it could run to mine the coin. Each proof of work Crypto coin has a unique algorithm or math equation that needs to be solved. They each have weird and silly names.

Miner is the small piece of mining software that runs and executes the algorithm. Each one is a bit different, some more efficient, some only run on Nvidia cards, and others are focused on a particular coin. Think of this as the coding team that made the software that runs the algorithm for the coin you mine.

Speed is how much BTC in a 24-hour period your piece of hardware would mine given that algorithm.

Status is simple – it is letting you know which algorithms have been benchmarked and which ones have not. It is okay if some of these error out.

Step 15)

At some point you will see a screen like this one pop up. This is exactly what we want to start seeing. We may even see two or three of them. These are the miners! You’re on your way!

I know currently they look cryptic and old school, but this is what mining really looks like! Overtime they will begin to make sense to you and you get to be an experienced miner.

Step 16)

At some point you are likely to see this warning. It means the miner software is trying to communicate

to the pool and its on a port that Windows has closed. It’s okay to open it up.

Step 17)

The benchmarking can take a while! Let it do its thing, it’s trying to figure out the most profitable coin and algorithm to use for your machine.

Step 18)

But it will finish and then you’ll see another mining screen pop open.

Here you can see my 1060 GTX mining away!

Step 19)

We are mining! Back on the dashboard you will start to see the results roll in.

Step 20)

Here is what this screen means.

Also, you need to keep this open whenever you are mining

Congratulations YOU ARE MINING!!

Getting Paid and Watching Payments

Now you’re probably wondering, how do I get my revenue and profits? Open a new web browser and log into Nicehash.com

Click Mining, then History & Stats and then you will see how much Bitcoin you’ve mined so far.

Now, to be totally honest, you’re not actually mining Bitcoin. NiceHash mines various crypto coins on your behalf, always the most profitable, and then exchanges the coin for Bitcoin. In the end, it doesn’t truly matter, but sometimes its helpful to know what’s really going on behind the scenes.

If you scroll down, you will see the mining rates, and payouts. Pretty cool isn’t it!

Every 4 hours NiceHash deposits your mining revenue into your NiceHash Bitcoin wallet.

If you scroll back up and click the wallet, I’ll show you how to take your money out.

Then click withdraw on the left side

You will then see the withdrawal options

If you live in the US, I recommend you use Coinbase as you can withdraw for free, sell the Bitcoin into USD, and then withdraw the money to your bank account.

If you’re not American, you will need to withdraw to another exchange that supports your local banking system. In Canada for example, I use Netcoins.ca. I withdraw the Bitcoin to that exchange, sell it to Canadian dollars and then withdraw this money to my bank account using an eTransfer.

Here is what it looks like right before I submit the withdrawal request:

Withdrawal Tips

  • Americans should have the easiest time withdrawing because of Coinbase integration and good support for the U.S. banking system.

  • If you’re unable to use Coinbase to withdraw to your bank:

    • Sign up on another exchange that supports for your local banking system and facilitates cash transfers.

Above everything, know that the crypto you are mining is safe, secure and doesn’t need to be

withdrawn immediately. So, take your time, do this right and minimize your transfer fees. Again, any help or questions, please reach out to me.

Connecting Another GPU

Your next idea after proving this works, needs to be how to scale this operation up.

In this section I’m going to show you how to attach a second GPU so you can mine faster and make more

money.

In this picture below I show you everything you need to add a second GPU.

Bullet

Item

Description

1

PCI Express power cable strand

We covered this earlier in the guide. We need one entire strand

for power. As you will see, we will use this entire strand to power both the GPU and the riser.

2

GPU Riser

The GPU Riser allows us to connect the GPU to the motherboard. This is a very simple device but absolutely critical.

You can buy these at www.gpurisers.com or on Amazon. Please buy high quality ones.

3

GPU Riser cable

USB Cable for the riser. This connects the riser to the mother

board. This is included with the GPU Riser as a package.

4

PCI Splitter

This allows us to split the PCI Express power cable, so we effectively get 3 plugs instead of 2. You can buy these off amazon.

Please buy high quality, thick gauge ones, preferably with sleeves.

5

GPU

This is the extra graphics card or GPU. Here we have an AMD

6700XT.

Step 1)

Power off the PC and disconnect the power cable from the PC. I recommend you use sterile latex gloves

for everything we’re about to do so you don’t transfer oil from your fingers and reduce the risk of shock

Our first step is to connect ONE of the ends of the PCI power cable to the riser.

Here it is connected

Step 2)

Next, we want to connect the other end of the PCI Power cable to the splitter. Nice and easy, there is only one way to do this. Take the male end of the PCI power cable and plug it into the female plug of the splitter.

It should look something like this when you’re done

Bullet

Item

Description

1

Connection to Riser

Here is that connection to the riser

2

Connection to Splitter

This is that connection we made to the splitter

3

8 Pin Connector for

GPU

This is one of the 8 pin connectors we can use to power the actual

GPU itself

4

8 Pin Connector for

GPU

Here is the other 8 pin connector we can use to power the actual

GPU itself

Here is a better picture of the splitter ends with the two 8Pin plugs

Step 3)

Next, we want to connect the GPU to the riser board. In the picture below the GPU is inserted halfway

in. There is no need to “force” this in. It should go in with minimal effort and easily snap into place. If it

is not, then there is something wrong. So be careful and do not break anything here.

Then secure the GPU by pulling up on the tab

Step 4)

Next, we will connect the power to the GPU. Both plugs we will use are coming from the splitter.

First, we plug in one, then the other. Nice and easy and make sure they are nice and snug.

Make sure both plugs snap into place and don’t force them. They are made to be fool proof and only

accept the plug in one direction.

Step 5)

Next, we will connect the USB communication cable to the riser board

On the other end, we have the simple PCI Connector plug which we will put into one of the PCI X1 slots

All connected, the GPU will look like this

Let’s look at the underside, because its important for you to see how the riser is powered

The cable lead on the left is the splitter leading up to power the GPU like it shows in the previous picture.

Step 6)

Now, let’s go ahead and plug the other end of the PCI plug into the motherboard.

Please ensure the PC is off and the power plug disconnected from the back of the PC before doing this. The plug will only go in one way and does not need to be forced.

This is what it looks like when it’s plugged in

Stepping back, it looks like this all connected with the GPU laid down on the side and on top of the machine

I place the extra GPU like this so it can easily shed the heat upwards, plus it places nicely.

When you get into professional grade rigs it, we will need another solution, but this will work for now.

Step 7)

Here is another view from above after we’ve powered the machine back on. I love the lighting!

Relaunching the Mining OS

Step 1)

Now that we have the second GPU installed, we might need to install new drivers. In this machine, I had

the Nvidia 1060, and now I’ve added an AMD 6700XT.

So, for this, I will need to install the AMD drivers. This is easily done through the official site and

installing from there. However, if you’re installing the same brand of GPU you may not need to update

the driver.

Also, important to note, the monitor is connected to the motherboard graphics port. It is not connected to either one of the GPUs.

Step 2)

So for me, because I added a new AMD card I go to the AMD Radeon website and install the latest drivers from that site. If you need to install Nvidia, go to their official website.

I run the driver installer and it detects my new card

Step 3)

Install complete, now I restart the machine

Step 4)

Once I restart the machine, I run Windows Start > Device Manager > Display Adapters to ensure the system is recognizing the new card.

You should see both there now.

Once you’re good, then you can launch NiceHash Miner

After it initializes, I get this screen. This is perfect. Now I can hit “Start All”, and it will begin benchmarking.

See how it starts the benchmarking and stepping through them one by one. I just let this run and finish. This will take up to 30 minutes again. But once it’s all done, we will get those funny looking old school screens again.

Step 4)

After the benchmarking is done, we should see both GPUs and the CPU begin to mine.

When it does begin to mine, I look at the hashrate to make sure it looks right. For these two cards, this is bang on.

See how we’ve increased the daily profitability and mining rates

After this machine settles out and finds its groove it will come in at about $10.00 a day. This can take a few hours to average out and find its place in the mining pool.

Now its just a matter of building up more GPUs and adding even more machines! This is all there is to it!

Common Questions

How much electricity does this consume?

Computers are surprisingly energy efficient. A lot of work has gone into making them this way with advancements in chips and power modulation.

That being said, the test rig I’ve shown you will consume 231 watts from the wall. What I mean by that is if we hook up a watt meter and measure it, it will pull about 231w. This is the most accurate measurement of how much power this computer pulls.

Now, take that and divide it by a kilowatt hour, and then multiple it by your electrical rate. My rate here is $0.10 a kilowatt hour so this will cost me $16.64 to run non-stop for a month.

Now keep in mind this is going to generate us $6-10.00 a day. Not a bad trade off.

How can I get more GPUs

Yes, current supply shortages and sky-high demand are making it very difficult to get GPUs. If you can’t find a good deal online, my recommendation is to go into your local retailer and buy any if they have some in stock.

If they don’t have any in stock, then put your name on a waitlist.

My favorite brands are EVGA and ASUS, and I like the top-of-the-line ASUS Strix and EVGA FTW3 models. They stay cooler and run a bit more efficient.

Am I going to wear out my GPUs or computer?

While it is true we are running the machine 24×7 we are also running the hardware at about 60- 70% of the limit. NiceHash will monitor and adjust the load to keep things safe and within spec.

These GPUs are expected to last 4-5 years even with operating non-stop every day. It is actually more likely they will become uneconomical for mining before wearing themselves out.

Cooling and long-term running of your machine

Make sure you have adequate airflow over the machine so the computer can stay cool and

operate within spec. They don’t like it too hot or too cold. Try to aim for 27-32 degrees Celsius or 80-90 degrees Fahrenheit.

With Ethereum moving to POS why start mining now?

It is true that Ethereum is moving to proof-of-stake and proof of work mining will be shut off for this incredibly profitable coin. But there will always be another coin to mine and NiceHash will always ensure you’re always mining the most profitable one.

On top of this, you have the opportunity to learn how crypto mining works with a PC that you’ve

already bought. When the prices for mining hardware come down next year when the other miners FOMO’d in and want their money back, you have the experience and know how to mine crypto.

Learn to mine today, then prey tomorrow.

Why are you sharing this for free?

Ethereum mining has been one of the best investments I’ve ever made. It has put more money in my pocket than any other single investment I’ve made. It has been tremendous, and I want to give back to that very same community. This is my contribution to the decentralization of

money, and the power it can give. Ethereum is the best and I want to give a bit to this project and help in my small way.

There is no scam here. I don’t want your wallet address, and I’m not asking for anything in

return. I want you to be involved with crypto and I want you to make money off it.

This is just my way of giving back to the very thing has been an incredible blessing and wealth builder for me.

source: Stephen Wealthy, mywealthmoney.com

source: https://mywealthmoney.com/crypto-mining-start-guide-for-gaming-pcs/

Free Crypto Passive Income

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