what is Etherium mining
Ethereum, like Bitcoin, currently uses a proof-of-work consensus mechanism. Mining is the lifeblood of proof-of-work. Ethereum miners - computers running software - using their time and computation power to process transactions and produce blocks.
Also read :- 6 Steps to Get Started Mining Bitcoin
How does mining work?
To make it easier to understand, let's take a step back and look at how Ethereum works from the bottom up. Bitcoin and Ethereum use a so-called Proof-of-Work algorithm called Proof-of-Work, or PoW. It is a way of generating digital coins by using computational power. Proof-of-Work uses something called a hashing algorithm, in which "hashes" are (nearly) randomly generated strings of characters. There are more than one hundred different hashing algorithms in use. Some are better than others at solving certain problems. The resulting string of characters is called a hash. The hashing algorithm does more than just help generate a hash string.
How to mine Ethereum with your PC
The primary purpose of a miner is to accumulate rewards, ie. digital cash. In Bitcoin, you've got to download several different programs to do this. In Ethereum, mining is quite different. We need a miner with CPU power. Just as mining bitcoin requires processing power, mining Ethereum requires a more traditional computer architecture. For this tutorial, we're going to use my desktop and a specialized mining application called KNC Miner. The software is free, you can download it here. A quick note on graphics cards: Because Ethereum mining is CPU-intensive, you will need a powerful CPU. Graphics cards are not good enough because they can't achieve the performance required to mine Ethereum. If you have a PC with a 3rd-gen Intel Core i3 CPU or a GeForce GTX 650, that should be just fine.
Mining with your mobile
Mining Ethereum requires using your computer to solve math puzzles (also called proof-of-work). These puzzles are essentially little computer programs designed to test how fast your system is. The more you help the network perform computation, the more work you can get rewarded for. The more work your system does, the more processing power you contribute to the network and the more cryptocurrencies you get rewarded for. While mining can seem daunting, we've developed a mining guide for Ethereum that includes easy steps and tools. Before You Start Mining Ethereum You'll need a bit of technical know-how to get started, so first make sure you have installed software on your desktop computer. Most mining software is available for download on the Internet.
Conclusion
Once you get the basics of how to mine Ethereum down, it's really just an engineering challenge of harnessing CPU, GPU and hash rate to generate blocks, so to speak. There's a lot to learn about the ins and outs of mining, but it's not a complicated process. Mining Ethereum can get rather pricey and time-consuming, so it's important to tread lightly if you don't want to waste too much of your time and energy. There are a lot of legitimate ways to mine Ethereum, though - both GPU and ASIC miners have been reported in recent weeks. You'll likely have to sign up for one of these services and then set up your own wallet, using an ethereum address to send and receive coins. The first step in the process, according to Hard Drive, is to build up an account at a mining pool.