How to mine Ethereum?
Ethereum Starting Guide
Table of contents
Blockchain and mining
If you’re here, you probably know what the blockchain is all about. But just in case, you can watch these videos below to get a general idea of how it works. What you need to understand is that Cruxpool is supporting the blockchain by gathering computing power that will validate the transactions happening on the blockchain, In order to encapsulate them into blocks.
This is where you play your part, by putting in common with other miners your hashrate i.e. your computing power.
Why should you choose Cruxpool?
FPPS SYSTEMFPPS or Full Pay Per Share means both base block reward and transaction fees in the block are paid under FPPS reward scheme. 0.01 ETH PAYOUT THRESHOLD WITH LAYER 1 AND LAYER 2A very low payout threshold means that you do not have to mine multiple blocks in order to get your payment. This participates in better stability of your revenue! TRANSACTION FEES ARE PAID BY THE MINING POOL WITH LAYER 2For Ethereum Layer 2, we pay transaction fees.However, if you choose Ethereum Layer 1, you will have to pay transaction fees. REAL-TIME STATISTICSTrack all the data you need, in order to be informed on your mining activity, get a comprehensive view of your estimated and expected revenues, and also check the performance of your hardware. PROFESSIONAL SUPPORTOur team is dedicated to your satisfaction and remains available for any questions. If you need support, we’ll be there for you !
Why and how to mine Ethereum?
In order to receive rewards from your mining, you need to create/have an Ethereum wallet. Thanks to this, you will get an address where the pool can send you payouts that will be written in the Ethereum Blockchain. There are several sorts of wallets, hot, hardware and wallets from exchanges.We recommend using wallets like Exodus Wallet or Trust Wallet.
You can also use hardware wallets like Ledger or Trezor and also wallets from exchanges. Exchanges are places to convert your cryptocurrencies into fiat currencies as Dollar $ or Euro €. You can use Binance or Coinbase exchanges, there are the most popular exchanges now. But there are other exchanges that you can pick like Bitstamp, Kucoin, Kraken, Crypto.com.