10 KiB
title | sort_key |
---|---|
Mining | F |
The Ethereum blockchain grows when nodes add blocks and distribute them to their peers. Nodes that add blocks are rewarded with ether payouts. This creates competition for the right to add blocks to the blockchain. This means some mechanism must exist to select a single block for each position in the blockchain that all nodes can agree upon. The mechanism that currently achieves this for Ethereum is "proof-of-work" (PoW). This involved computing a certain value that can only be calculated using repeated random guesses. Only if a node can demonstrate that they have calculated this value, and therefore expended energy, will their block be accepted by other nodes. This secures the network. This process of creating blocks and securing them using proof-of-work is known as "mining".
Much more information about mining, including details about the specific algorithm ("Ethash") used by Ethereum nodes is available on ethereum.org.
Mining and the Merge
The Merge is an upcoming upgrade to Ethereum that will swap the existing PoW for a proof-of-stake (PoS) consensus mechanism. This marks the end of mining on Ethereum. Instead, nodes can stake ether directly and earn ether rewards by running validators. The merge is expected to happen in the second half of 2022. Until then, Ethereum will continue to be secured by PoW miners. It is no longer recommended to purchase new hardware to participate in Ethereum mining because the chances of returning a profit before The Merge are low.
CPU vs GPU
Participating in Ethereum's PoW mining requires running an algorithm called "Ethash". Geth includes a CPU miner which runs Ethash within the Geth process. This might be useful for mining on some testnets. However, this is CPU mining is not viable on Ethereum Mainnet because CPU miners are easily out-competed by more efficient GPU miners. GPU mining is the recommended method for mining real ether on Ethereum Mainnet, but it is not part of the standard Geth installation. To mine using GPUs an additional piece of third-paty software is required. The recommended GPU mining software is Ethminer.
Regardless of the mining method, the blockchain must be fully synced before mining is started, otherwise the miner will build on an incorrect chain, invalidating the block rewards.
GPU Mining
Installing Ethminer
The Ethminer software can be installed from a downloaded binary or built from source. The relevant downloads and installation instructions are available from the Ethminer Github. Standalone executables are available for Linux, macOS and Windows.
Using Ethminer with Geth
An account to receive block rewards must first be defined. The address of the account is all that is required to start mining - the mining rewards will be credited to that address. This can be an existing address or one that is newly created by Geth. More detailed instructions on creating and importing accounts are available on the Account Management page.
The account address can be provided to --mining.etherbase
when Geth is started. This instructs Geth to direct any block rewards to this address. Once started, Geth will sync the blockchain. If Geth has not connected to this network before, or if the data directory has been deleted, this can take several days. Also, enable HTTP traffic with the --http
command.
geth --http --miner.etherbase 0xC95767AC46EA2A9162F0734651d6cF17e5BfcF10
The progress of the blockchain syncing can be monitored by attaching a JavaScript console in another terminal. More detailed information about the console can be found on the Javascript Console page. To attach and open a console:
geth attach http://127.0.0.1:8545
Then in the console, to check the sync progress:
eth.syncing
If the sync is progressing correctly the output will look similar to the following:
{
currentBlock: 13891665,
healedBytecodeBytes: 0,
healedBytecodes: 0,
healedTrienodeBytes: 0,
healedTrienodes: 0,
healingBytecode: 0,
healingTrienodes: 0,
highestBlock: 14640000,
startingBlock: 13891665,
syncedAccountBytes: 0,
syncedAccounts: 0,
syncedBytecodeBytes: 0,
syncedBytecodes: 0,
syncedStorage: 0,
syncedStorageBytes: 0
}
Once the blockchain is sync'd, mining can begin. In order to begin mining, Ethminer must be run and connected to Geth in a new terminal. OpenCL can be used for a wide range of GPUs, CUDA can be used specifically for Nvidia GPUs:
#OpenCL
ethminer -v 9 -G -P http://127.0.0.1:8545
#CUDA
ethminer -v -U -P http://127.0.0.1:8545
Ethminer communicates with Geth on port 8545 (Geth's default RPC port) but this can be changed by providing a custom
port to the http.port
command. The corresponding port must also be configured in Ethminer by providing
-P http://127.0.0.1:<port-number>
. This is necessary when multiple instances of Geth/Ethminer will coexist on the same machine.
If using OpenCL and the default for ethminer
does not work, specifying the device using the --opencl--device X
command is a common fix. X
is an integer 1
, 2
, 3
etc. The Ethminer -M
(benchmark) command should display something that looks like:
Benchmarking on platform: { "platform": "NVIDIA CUDA", "device": "GeForce GTX 750 Ti", "version": "OpenCL 1.1 CUDA" }
Benchmarking on platform: { "platform": "Apple", "device": "Intel(R) Xeon(R) CPU E5-1620 v2 @ 3.70GHz", "version": "OpenCL 1.2 " }
Note that the Geth command miner.hashrate
only works for CPU mining - it always reports zero for GPU mining. To check the GPU mining hashrate, check the logs ethminer
displays to its terminal. More verbose logs can be configured using -v
and a value between 0-9.
The Ethash algorithm is memory-hard and requires a large dataset to be loaded into memory. Each GPU requires 4-5 GB of RAM. The error message Error GPU mining. GPU memory fragmentation?
indicates that there is insufficient memory available.
CPU Mining with Geth
When Geth is started is is not mining by default. Unless it is specifically instructed to mine, it acts only as a node, not a miner. Geth starts as a (CPU) miner if the --mine
flag is provided. The --miner.threads
parameter can
be used to set the number parallel mining threads (defaulting to the total number of processor cores).
geth --mine --miner.threads=4
CPU mining can also be started and stopped at runtime using the console. The command miner.start
takes an optional parameter for the number of miner threads.
miner.start(8)
true
miner.stop()
true
Note that mining for real ether only makes sense if you are in sync with the network (since you mine on top of the consensus block). Therefore the Ethereum blockchain downloader/synchroniser will delay mining until syncing is complete, and after that mining automatically starts unless you cancel your intention with miner.stop()
.
Like with GPU mining, an etherbase account must be set. This defaults to the primary account in the keystore but can be set to an alternative address using the --miner.etherbase
command:
geth --miner.etherbase '0xC95767AC46EA2A9162F0734651d6cF17e5BfcF10' --mine
If there is no account available the miner will not start. The Javascript console can also be used to reset the etherbase account at runtime:
miner.setEtherbase(eth.accounts[2])
Note that your etherbase does not need to be an address of a local account, it just has to be set to an existing one.
There is an option to add extra data (32 bytes only) to the mined blocks. By convention this is interpreted as a unicode string, so it can be used to add a short vanity tag using miner.setExtra
in the Javascript console.
miner.setExtra("ΞTHΞЯSPHΞЯΞ")
The console can also be used to check the current hashrate in units H/s (Hash operations per second):
eth.hashrate
712000
After some blocks have been mined, the etherbase account balance with be >0. Assuming the etherbase is a local account:
eth.getBalance(eth.coinbase).toNumber();
'34698870000000'
It is also possible to check which blocks were mined by a particular miner (address) using the following code snippet in the Javascript console:
function minedBlocks(lastn, addr) {
addrs = [];
if (!addr) {
addr = eth.coinbase
}
limit = eth.blockNumber - lastn
for (i = eth.blockNumber; i >= limit; i--) {
if (eth.getBlock(i).miner == addr) {
addrs.push(i)
}
}
return addrs
}
// scans the last 1000 blocks and returns the blocknumbers of blocks mined by your coinbase
// (more precisely blocks the mining reward for which is sent to your coinbase).
minedBlocks(1000, eth.coinbase)
[352708, 352655, 352559]
The etherbase balance will fluctuate because quite often a mined block may be re-org'd out of the canonical chain. This means that when the local Geth node includes the mined block in its own local blockchain the account balance appears higher because the block rewards are applied. When the node switches to another version of the chain due to information received from peers, that block may not be included and the block rewards are not applied.
The logs show locally mined blocks confirmed after 5 blocks.
Summary
The page describes how to start Geth as a mining node. Mining can be done on CPUs - in which case Geth's built-in miner can be used - or on GPUs which requires third party software. GPUs are required to mine real ether on Ethereum Mainnet. It is important to note that Ethereum will swap its consensus mechanism from PoW to PoS in the second half of 2022. This swap, known as "The Merge" will end mining on Ethereum.