You just need to download and start the app. You do not need any special knowledge, handle comandlines or edit files. Technically you just need a Wallet-Address for mining, independend from the software you use. Just mine with your own Wallet-Address, which you created with myMiner or on your own. Remember to keep your private key save and secret! If you created your wallet with myMiner, you will find your private key in files on your desktop and documents path. There is the configtool in the root folder, which you need to use your own pre-generated wallet. With your Wallet-Address (like a bank account number) and your private key (like a PIN) you can use your coins for shopping, exchange or whatever you want. For more information take a look in the wallet section.
1. Installed myMiner.
2. Found my generated address and key or have my own.
3. Start mining!
Just to give you an idea for a possible Wallet-Address (ETH):
and the associated private key:
myMiner is a tool, that helps you to mine. You can download and use the software for free. When using it, 98 % is yours, 2 % is for us. That means, the software will mine in average 2 minutes in 100 minutes for us as developer. You don't have to make any payment.
The Interface gives you all needed information about your mining progress.
This is the name of the currently mined Crypto-Currency. There are a lot of currencies available for mining. myMiner choses the most profitable Crypto-Currency for your hardware. If there are more than one, you are mining different currencies at once, because there are different profitable currencies for each mining device you have in your system.
This is the logo of the currency. You can read more about the Crypto-currency on its website.
You can monitor the status of the currency. Normally it should show you mining. If there is something wrong, it will tell you, e.g. when your pool is offline.
Revenue by currency:
This is the converted revenue for each currency you are mining. Be aware: this is just a calculated number. It will change with the exchange rate, difficulty and hashrate. If the number ist going up or down, this does not necessarily mean, that your systems hashing power is changing; it is maybe just the exchange rate. If you want to know more about your mining devices, enable expert mode in the settings.
The power of your mining setup is pooled with other systems, otherwise you would need to mine months to find a block at first and get the reward. Those pools share the reward for a bloc among all participants, when the pool finds a new block, so you get a small part of the reward. This small part is not immediately payed to your Wallet-Address, because this would lead to too many transactions for the pool. So, you have to mine until you have reached the minimum payout (some pools pay independent from your progress every seven days). The payout will come automatically, there is nothing you need to do. Just keep myMiner running.
Progress to payout:
This bar shows your progress to the minimum payout. If it went down, do not worry, probably you have received a payment. If the bar it is filled, keep mining, it will increase your payment. The expected payment will be shown in the minimum payout box. Everything is automatic, so you do not have to worry about it and just need to keep on mining.
This number shows you the amount of coins, like a balance, which is stored in your Wallet-Address on the blockchain. After you got a payment, the coins are now yours and stored in your Wallet-Address. When you click on the icon, you can see your public-Address. You need this address to receive coins, like your bank account number. Remember: you need your private key to spend them. Now you can use them for whatever you want.
There are some Crypto-Currencies, which only display your income, not your spending (e.g. Monero). In this case, the displayed number is not your balance and is indicated with a small arrow.
All your wallets:
This number is just the sum of all you Wallet-Addresses through all currencies. It is reliant to the exchange rate and may change, although you did not make any transaction.
For more detailed information press ‚i‘ or the little gear.
- You use your own Wallet-Address
- You get your Coins directly from your pool
- All values are verifiable
The advantage of myMiner is, that all transactions are paid directly from the pool to you. You get your coins independant from us and you do not lose money in a non-transparent exchange progress. We are just a tool for you.
In addition you can check all the shown data with third parties. We can't secretly mine for us and display false values to you. Most pools offer a web interface. Go to the website of your pool by clicking on the pool in the app, take your Wallet-Address and enter it there. By the way, this is the best and most reliable way to check your progress and success in any software. You should not trust displayed hashrates, no matter what software you use. Hashrates are inaccurate even if they are not manipulated, because they base on calculations and do not reflect your true success.
We recommend using your own Wallet-Address, so you do not need to trust our Wallet-Address generator.
Currently you can mine Ethereum (ETH) and Monero (XMR). We update the supported coins continuously. We only take popular Currencies into consideration, so you can be sure to have the possibility to exchange the coins.
myMiner comes with all it needs to start mining. After starting, myMiner will detect your hardware and chose the most profitable coin. Then the software will connect itself to a common pool and start the mining progress automatically by using the respective mining software. Keep it running as long and as often as possible, because mining needs a lot of time. Mining is an intensive task for your computer. If the fans of your graphic card are too loud, most drivers offer a power control, so you can reduce hashrate and noise.
You can see your hashrate by clicking on the gear (or ‚i‘). But be careful: the displayed hashrate is not your true hashrate, it is just a calculated value. No software can show you your true hashrate. Your true hashrate depends on many factors. For example, if you have a high ping to the pool, it may happen that you are mining for several seconds on an old block. This can significantly lower your true hashrate because you will not be rewarded for these hashes from the pool. If you want to compare your real success with different applications, run them for a day and check your credit at the pool. Don't trust any displayed hashrate.
You can use myMiner on any computer. At the moment only Windows is supported.
myMiner uses third party software. You do not need to worry about it, because myMiner comes with everything, what it needs. We use XMR-Stak and etherminer.
Yes, you can mine on multiple systems at the same time with the same Wallet-Address.
The short answer is yes. It is worth to mine. It's more economical for you to let your computer mine than to leave it switched off. Several factors play a role here. Of course, you have to keep an eye on your electricity costs, but also which currency you want to mine. There are currencies that are more economical to mine than others. MyMiner will always suggest the most economical currency. But even with high electricity costs it is worthwhile to mine at the moment. There are several calculators on the Internet, you can use to check your profitability. In most cases it is better for you to run your computer with myMiner, than to leave it switched off. Sounds funny, but it's true.
For example, mining ETH non-stop 24 hours with an GTX 1070 will consume about 3.6 kWh. With a price of 0.2 €/kWh (average price in Europe) it will cost 0.72 € per day to mine non-stop. If you want to know your exact energy consumption you can check it with a measuring device.
You get paid, whenever you reach the minimum payout. As long as you are in a pool and mining with others, the reward will be shared among all pool participants. The share for each miner is therefore quite small and any direct payout would result in high transaction costs. The pool stores how much credit you have earned so far for your Wallet-Address. When a certain amount has been reached, the credit will be paid out to you. Almost all pools do this automatically.
The minimum payout depends on the chosen pool. The power of your mining setup is pooled with other systems, otherwise you would need to mine months to find the block at first and get the reward. Those pools share the reward for a bloc among all participants, when the pool finds a new block, so you get a small part of the reward. This small part is not immediately payed into your Wallet-Address, because this would lead to too many transactions for the pool. So you have to mine until you have reached the minimum payout (some pools pay independent from your progress every seven days). The payout will come automatically, there is nothing you need to do. Just keep myMiner running.
A hash algorithm takes data of any size and form (e.g. numbers, letters, etc.) and transforms it into a fixed alphanumeric string (in a sense like a complex checksum), the so-called hash. This output is called a hash. There are different functions to calculate a hash, maybe you heard about MD5, SHA-256 or something like that. Here is an example:
The SHA-256 hash of this text:
myMiner is a cool software
The same input leads always to the same output. So it is easy to check, whether a certain input leads to a specific hash. If you change the input by even one number, letter or sign, the whole output changes:
The SHA-256 hash of this text (see the ! at the end):
myMiner is a cool software!
Just by adding the „!“ to the text, the whole hash changed. The mathematics behind the hash algorithm ensures, that there is no way to calculate the input data from the hash. It is a one-way function. To make this hashfunctions usable for Cryptocurrencies, the input is filled at least with transactions and a so-called node. This node is number, which is counted up to change the hash until the hash fulfills the requirements of the particular Cryptocurrency. Here is a simplified example: Let’s assume, person A transfers 1,5 units to B, and X transfers 5 units to Y. To get a valid hash, the hash would need to start with 5555….. .
This is the input:
A -> B 1,5; X -> Y 5; Node: 1
and the SHA-256 hash:
now counting up the node until:
A -> B 1,5; X -> Y 5; Node: 7
and the SHA-256 hash:
Now we found a valid input, wich is together with its hash a new block. We can publish this input and everybody can check our block by calculating the SHA-256 hash to our input. They will all get the same hash and accept our transactions as the new valid block and will start calculating the next Block. Our input is now part of the Blockchain. This job, finding a new block, is the job of miners.
The hashrate specifies how many calculation tasks your system can solve per second to find a new block. Basically, a higher hashrate increases the probability of finding a valid share or the new block. In addition, you will reach your minimum payout faster.
A block contains the transactions since the last block. Each block is connected to the previous block, so that the blocks together form a chain, the blockchain. Calculating the current new block is the task of the miner. Whoever has correctly calculated the block first, gets a reward.
A pool is a union of miners to calculate the next correct block. The power of your mining setup is pooled with other systems, otherwise you would need to mine months to find a block at first and get the reward. Those pools share the reward for a bloc among all participants, when the pool finds a new block, so you get a small part of the reward. The amount that a miner gets depends on his contribution to the pool, the valid shares. To keep the miners apart, the pool is given your Wallet-Address. Your reward will be transferred from the pool to your Wallet-Address, so you can use the money for whatever you want after payout. With myMiner you can easily join a pool. The pool organizes and manages the miners in the pool. Pools usually take a small fee, keep that in mind, when choosing a pool.
The pool divides the reward for a block found among the participants. The amount of money a miner receives depends on its performance, which it contributes to the pool. Miners which do a lot of calculations get a bigger contribution than someone who does only a few calculations. To measure the performance, each miner sends a valid share to the pool as soon as it finds one. A valid share is usually an easier solution of a new block. If the miner finds such a solution, he sends it to the pool, which checks the solution. The number of valid shares determines the proportion of the next reward. Therefore, the number of valid shares is the most important variable, because it determines how much reward you will receive.
To give you an example: If a block with 6 zeros at the beginning of the hash is searched, then a valid share can be a block with 3 zeros at the beginning, for example. This solution is then sent to the pool. If it happens to be a block with 6 zeros, you have found the next block for the pool!
No. We are independent from any pool and do not plan to launch a pool. We just want to give you a tool to mine as easy as possible.
myMiner looks for the most profitable coin to mine on your setup. Bitcoin is almost impossible to mine with a home PC, it is just not profitable as there is special hardware existing for it. If you want to have Bitcoins, you can mine a profitable coin and exchange it into Bitcoin.
A wallet is like your online account at a bank. You have a bank account number and a secret password to login and make transactions. The Wallet-Address is like your bank account number, it is also called public key or public address. The Wallet-Address is needed for you to receive payments. If you want to know your balance, you can look up your Wallet-Address in the blockchain.
To make payments you need in addition to your Wallet-Address the private key, like the secret password for your online bank account. Each address has its unique private key. If you lose it, it is impossible to do any transactions with that Wallet-Address anymore. If someone else has your private key, this person can do transactions with this Wallet-Address, like it is with your online bank account password. So keep the private key safe! The private key cannot be restored!
In addition you need a Wallet-Address for every currency. You can have several Wallet-Addresses for each Crypto-Currency. Note, that each pool has a minimum payout that must be reached before it can be cashed out. The Wallet-Address will be communicated to the pool so the pool can recognize you every time you start mining and pay you your reward. Mine with the same Wallet-Address to reach the minimum payout as soon as possible.
There are several programs, which you can use to organize your wallets and make payments. But remember: it is not possible to change or restore the private key.
A possible Wallet-Address for ETH is:
and the associated private key:
To make it clear: Everyone, who visited this website, can make transactions, if there are Coins at this Wallet-Address. The private key of a Wallet-Address is unchangeable.
Look for programs that pass your transaction on to the miners. They usually provide an understandable interface. You will need your wallet address and your private key. You can check with various block explorers on the Internet if your transaction has been written down in the blockchain.
myMiner can also generate a wallet for you. There are several programs, that you can use to create and monitor your wallets. But be careful, you need to trust the generating process. You can never be sure, that the program will store your private key or send it somewhere. After generating you will find a file with your Wallet-Address and private Key on your desktop and in your documents path. This file is created by the software on your local system and not downloaded from our servers. We have no possibility to get your private key. After myMiner generated the wallet, save your private key in a safe place.
We suggest creating a wallet on your own. You can generate as much wallets as you want, there’s practically no limit. E.g. you can use a wallet for mining and transfer all coins after payout to another wallet you own.
Your private key is unique to your Wallet-Address (public adress). There is no way to generate a new private key or change the existing private key, which is connected to your Wallet-Adress. If the private key is lost, nobody can use the coins on your Wallet-Address anymore. If you have used the myMiner-generated Wallet-Address you can have a look in your documents folder.
If others get to know your private key, they can make transactions with your Wallet-Address. If you are not sure if someone else has your private key, transfer your coins to another (new) Wallet-Address. You can own as much Wallet-Addresses as you want, generating does not cost anything.
Yes. Every currency has its own blockchain. The blockchain is the public record of all transactions of that currency. So you need an address for each currency. Within a currency you can practically have as much wallets as you want.
We are crypto currency fans and want to make mining as easy as possible. Our company is located in Germany.
myMiner UG (haftungsbeschränkt)
HRB 82480 Amtsgericht Düsseldorf
No, we definitely do not have your private key or access to it. The simple reason is, that we want to be as trustful as possible. We would be an additional security risk regarding your coins.
We are not interested in your data.