Get Started with Mining Crypto in under 10 Minutes

1. Download a Mining Software.

  • My recommendation is T-Rex Miner if you have an Nvidia GPU, TeamRedMiner if you have an AMD GPU.
  • Download Link to T-Rex Miner
  • Download Link to TeamRedMiner
  • Chrome firewall might prevent you from downloading these files. I’ve worked around this by downloading this using Internet Explorer.

2. Open the file of the currency you are trying to mine in notepad.

  • In my example, I want to mine eth. So I’ve opened the start_eth file from TeamRedMiner

3. Add in a Mining Pool

  • My recommendation here is to use ethermine for ETH, but you can use any mining pools you wish.
  • Depending on the pool, they do different in results when it comes to rewards.
  • Link to Ethermine
  • Select the mining pool server that’s closest to you
  • Copy the mining pool server link into the mining software

4. Add in a Mining Pool

  • Enter the wallet address
  • the . after the wallet address denotes the name of the computer
  • In the example below, my PC will be called LAPTOP in the mining pool
  • the –enable_compute is specific to TeamRedMiner and my recommendation is to also add this line in the file

5. Download MSI Afterburner

6. Research and apply appropriate overclock settings

  • Core Clock
  • Memory Clock
  • Power limit
  • Fan Speed
  • This will depend on which GPU you own.
  • For AMD Cards, you can opt to use AMD Radeon Software.

7. Double Click on your Mining Software.

  • Once you double click the file, your mining software will start running immediately

8. Double check that your miner is working on the mining pool

  • For Ethermine, simply enter your wallet address
  • You should see a similar dashboard below
  • Give it at least 5 minutes. The updates are not live and does have a delay before you will see your worker active on the pool.

9. You’re Done! Happy Mining!

  • For some pools, you can change your minimum crypto earned before payouts
  • Some cryptos like ETH requires a fee to transfer between the pool to your wallet. The pool will state who is responsible for the fee.
  • For crypto like ETH, it makes sense to have higher minimum to reduce transfer fees because the miner is often responsible for the transfer cost.
  • You can also set Gas Price Limits and Thresholds (aka. The fee you’re willing to pay for the transfer). Higher the gas fees, the faster the transaction, but also higher the cost.
  • Here are my settings below, but will be different for you depending the average gas fees at the current time and how often you want your payouts depending on how much ETH or crypto you mine per day.
  • Additional resource: Average Gas Fees Chart for ETH

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Hi! I'm

Ricky Young

My belief is that financial freedom cannot be obtained by just a 9-to-5, but a combination of smart investing and passive income. This is my journey to achieve financial freedom.

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