Ethereum Mining

Low cost sourcing & hosting of latest cryptocurrency mining hardware

Learn more about Ethereum

What is Ethereum Mining?

Ethereum (ETH) was developed by the blockchain wunderkind Vitalik Buterin and released in 2015. The objective with Ethereum is to build an entirely new internet which operates in a decentralized fashion, removing censorship and control from centralized entities. With its turing-complete virtual machine, Ethereum is able to process any type of encoded request, from smart contracts, to financial transactions, to running applications, and much more. Ethereum also allows for anyone to create a cryptocurrency on its blockchain, with these new tokens being issued and transacted upon the Ethereum blockchain itself.

The network is fueled by gas in the form of its native Ether (ETH) token used to power smart contracts and decentralized applications (dApps) built on top of the Ethereum blockchain. The amount of gas is directly correlated with the computing power needed to complete any operation. Transactions with higher gas prices are prioritized, as miners have the option of ignoring transactions with a low gas price resulting in a low return on mining.

Mining Ethereum is very different than mining other proof-of-work (PoW) network such as Bitcoin and Bitcoin Cash because of the Ethereum SHA-3 hashing algorithm which uses Ethash. Additionally, the average block time on the Ethereum blockchain is quite fast, hovering around 15 seconds per block, creating a significant amount of blocks for miners to obtain a fee reward. New Ether is minted every month, and there is no upper limit to the total amount of Ether.

Which miners are used to mine Ethereum?

The Ethereum blockchain is resistant to the use of ASIC mining equipment because of the aforementioned Ethash and SHA-3 hashing algorithm used to obtain consensus on its network. Because of this resistance to ASIC mining equipment, GPU hardware is the best solution for mining Ethereum and maintaining profitability for miners. GPU miners tend to be cheaper than ASICs yet more powerful than CPUs, and in the case of Ethereum, provide the best returns for miners.

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Ethereum mining made simple

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To get started with mining, all you have to do is register, choose your preferred coin and hardware, and you’re all set!

Geographic Competitive Advantage

Sweden-based mining provides a stable political climate and steady, low-cost power options that are hard to find anywhere else

Easy to use

Our services are made to be easy and fun to use, including smooth interfaces, useful hardware selection tools, and convenient payout options.

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Why Mining is profitable

Mining is a complex Calculation, running on for this purpose built hardware. But how is that generating money? And how much do you have to invest to make a passive income. With our free Mining Profit Calculator you can learn how profitable Cryptocurrency Mining can be for you. Click the button, fill out your details and you receive your free Profitability Calculator within minutes!