How To Setup Ethereum Mining?

Ethereum is an open blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, fraud or third-party interference. These applications run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of digital assets (it’s basically just another form of money).

Beyond the technical features, Ethereum is also one of the most popular platforms for decentralized cryptocurrencies. Most ICOs are hosted or at least affected by it. Therefore, there’s a good chance Ethereum will be you’re preferred digital asset to mine with in 2018 after Bitcoin deals with its problems.

Cryptocurrency mining uses the processing power of computers all over the world to add transaction records to bitcoin’s public ledger of past transactions (and consequently creates new “blocks”). It’s called mining because it does require a lot more energy than actually getting things done. So if you check August 2017 statistics from Blockchain.info , there were 19 million networked computers broadcasting 2 million transactions each day while generating near 1 terawatt hours per month combined wattage!