Easy way to start ethereum mining

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If you aren't tech savvy or willing to give a bit of time to getting it up and running yourself, there is another way. This is where you pay someone else to do it for you and get them to run the mining equipment on your behalf. You can compare all Bitcoin and Ethereum cloud mining contracts here. You can buy your first cloud mining contract with Genesis Mining here. This is called cloud mining. It has been happening for a long time with Bitcoin and a number of reputable providers have come to the fore where you can trust their reputation for them not to run off with your money.

This is especially true of Genesis Mining who are the first to set up a batch of Ethereum Mining contracts where all you do is pay them some cash and your up and running as an Ethereum miner - as simple as that - no hassle no playing around with downloading Geth and using command prompt - and most importantly you don't have to maintain it yourself which can be a big issue if you have to keep going to restart your computer.

So it saves your time! The reason Ethereum Cloud miners can get better deals is two fold. Firstly they buy in bulk, so they get a discount on all their graphics cards. With a proper version of Windows installed, these mining rigs tend to be the go-to choice for most people who want to get into crypto mining and are willing to invest some money in the beginning. This type of mining utilizes graphics cards or, rather, their GPUs to generate Ethereum over long periods.

The more and better cards you use, the bigger the profit you can expect will be. The downside of this, however, is that good and effective GPU miners tend to be costly. The Ethereum that CPUs would generate would seem non-existent when compared to the electricity and cooling prices that would be required. Why is CPU mining still even a thing, then? Well, simply because of its availability.

Depending on your computer and its parameters, you could generate some profit or you might break even - but the most common scenario is a negative income month on end. ASICs Application-Specific Integrated Circuits are special devices designed for a specific purpose - in this case, the purpose is to mine cryptocurrencies.

ASICs do have their downsides, however. When thinking about how to mine Ethereum on Windows 10 with the use of ASICs, you might soon realize that these devices are usually very difficult to come across. As soon as they are stocked into online marketplaces or shops, people swipe them right off. The other major issue with ASICs is somewhat of a recent one.