Chain Journey

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My Mining Journey


The Beginning

During August of 2017, there came a day when thought to myself “what can I do to invest money into something that I believe in and make earnings at the same time?” At this point, I was working two jobs and had some extra money to invest. That problem was that I wasn’t really sure I knew what exactly to invest in. After doing much research on computing, I discovered that there was such a thing as cryptocurrency mining. For my senior project in high school, I had interned with a company named Electronic Office and created my own desktop PC from parts. My intention was to build it out of certain parts such that it would be optimal for video game playing at the time. I personally loved it! I figured that this cryptocurrency mining idea would be an extension of my original project. This time, my intention was to build a computer dedicated to mining cryptocurrencies 24 hours a day and 7 days a week.

My search was mostly filled with Youtube videos, cryptocurrency forums and popular websites. I wanted to immerse myself into the world of Bitcoin, Ethereum, Litecoin and the many other cryptocurrencies out there so that I could become more familiar with how it worked. Many people from many different places give many types of advice on what parts to get and how fast their speeds are. YouTube channels such as Voskcoin, IMineBlocks and Genesis Mining have given me many ideas and lessons that would further my interest in getting starting with machines of my own. Many other cryptocurrency websites that discussed topics such as exchanges, pools and other general cryptocurrency information were also very helpful. What astonished me about this process was that a will to learn, persistence and a connection to the internet can be all that one needs to learn about how to start a cryptocurrency mining operation (or anything else for that matter.)

The first step in this process was figuring out what components I needed in order to build a mining rig. This task is similar to building a regular desktop computer from scratch with a few specific modifications for mining; these are the types of parts that I had ordered:

  • 8GB USB Flash Drive (SSD/HDD as an alternative)
  • RAM Stick
  • Motherboard
  • Processor
  • Power Supply
  • PCIe Risers
  • Video Cards

After installing parts, I decided to install a solid state drive with Windows 10. After turn on the computer and updating the operating system and drivers, I was ready to start installing the essential programs. Firstly, I installed software so that I could send and receive cryptocurrencies with a dedicated mining wallet. I chose to use Jaxx since it allows its users to use many different cryptocurrencies as well as convert to other currencies . This particular wallet program is among the many out there for everyone to try. (Check out my Sources page) Some cryptocurrency exchanges dedicated to trading may give you a wallet address as well if you prefer to keep cryptocurrency there.

Jaxx screenshot
This is a screenshot of the Jaxx application.

After setting up my wallet, I had my own address for Ethereum and was ready to start thinking about what I needed to do to get started with mining. I decided that I was interested in mining Ethereum with my video cards and installed Nanopool’s Claymore miner program. After the program was configured, I enabled it and then left it alone to run 24 hours a day and 7 days a week.

Claymore screenshot
A screenshot of the program in action.

Conclusion

After a month or two of my experience with mining Ethereum, I had noticed that there were many operating system crashes when using Windows 10. This became frustrating when I had come home from a long day many times to realize that my miner was not functional. Every second is valuable when mining and this was not an acceptable series of events. At this point, I decided that something needed to change; I switched to a new service I found called SimpleMining. This awesome service allows those that mine cryptocurrencies to track their machines’ statistics through a website by installing an image file to a flash drive and assigning an email address to a configuration file. The cost of using this service is $2 per machine per month and can be paid by cryptocurrency. Overall, I am very satisfied with this service because I have experienced far less crashing than I had before and can see live details quickly.

Claymore screenshot
Claymore screenshot
Claymore screenshot