Without any doubt, Macs are pretty powerful. They come with some great features too. But is it really possible to mine ETH on it? If yes, then the question is how to mine Ethereum on Mac?
Mining ETH on Mac has become extremely popular. As it gives an insight into the mining world and how it works. However, with your Mac, you might not be able to make a profit by mining Ethereum. But with a few hardware tweaks, you might make it profitable.
However, to help you out, let me guide you with Ethereum mining:
When it comes to mining, there are basically three types of mining. These include cloud mining, hobby mining, and profitable mining. So let me talk about these three individually:
Cloud mining seems like too good a deal to be true. It is approachable to everyone, and the idea is to mine ETH in the cloud. In this case, you rent hardware from cloud mining farms for a specific period of time. They handle the miners, set up the pool, and deal with all the complications.
All you have to do is buy a cloud mining pool, and you are good to go. But sadly, that’s not the case in most cases.
Cloud mining has become a scam for many people out there. There are scammers who rent you hardware, and you don’t really get to make any money. But yes, there are good services too. So do proper research before getting into cloud mining.
Hobby mining suits the absolute beginners or who are trying to understand how mining works and want to invest the least amount. If mining seems profitable to them, then you can always scale up your hardware and become a full time ETH miner.
Hobby mining doesn’t really cost you anything. There are cryptocurrencies like Ethereum and Monero that can be mined using a CPU. So your Mac can easily do the job.
Most people start hobby mining with non-mining hardware like CPUs or Hardware, and once they start getting some profit, they scale up their hardware.
Profit mining suits those users who are extremely sure about mining. In this case, the miners want to put in less time and get high returns. As a result, they need a high-end mining rig that can generate blocks at the earliest and get more coins as output.
To get started with profit mining, you have to invest in good hardware. You need to set up a mining rig with a couple of GPUS, or you can use ASIC miners. But ASIC miners are not able to retain miners. Also, they do cost a lot.
As you are planning to mine ETH on Mac, I am putting you into the category of hobby miners. Mining with a Mac is possible, and there are a couple of ways to mine ETH. However, most miners prefer Windows or a Linux based Ethereum OS like ethOS.
For Mac, you have to use a Graphical User Interface, and the best name for this would be Minergate. The application is extremely easy to use and offers a clean graphical interface. So you would not really have trouble navigating around.
Also, it is quite different from other professional mining applications, which have a command line interface and are pretty hard to get started with.
With Minergate, you get familiar visual controls such as buttons and icons. Also, the Minergate does all the configurations for you.
And here is how you can get started with it:
- At first, you have to visit the Minergate website and download Miner.
- Once downloaded, install the app by following all the onscreen instructions.
- Next, launch the app and register an account using your email address, and then log in to Minergate.
- Next, go to the Miner tab and select Ethereum and click on Start Mining.
That’s it. MinerGate will now start mining ETH, and you can withdraw it by going to the Wallet tab. It’s recommended to store your ETHs in a safe hardware wallet like Ledger Nano X or Trezor T.
Mining with Mac may not bring you great results. But there are a few tweaks that you can do, especially if your Mac comes with a Thunderbolt 3 port. This will help you to increase your GPU capabilities by adding an external GPU.
But you should know that EGPU casings are pretty expensive, and they range anywhere between $300 to $500. On top of that, you will need to carry the cost of the graphics card itself.
Mining will take a lot of CPU processing power. As a result, it can hurt your Mac’s performance, and your computer might get damaged too.
To prevent that, you must download a CPU temperature monitoring tool. This will help you to monitor your computer’s performance. So whenever your Mac gets overeaten or using its max performance, you must give your Mac a little break.
This way, you will be able to protect your Mac’s battery and other components.
For this, you can use this tool called smcFanControl 2.6. It is one of the best CPU temperature apps that control how fast your internal fans rotate and monitors your hardware’s internal temperature.
Also, you can set the fan speed at a minimum and closely keep an eye on your Mac and turn off mining before your Mac reaches a high temperature.
So that was all for your how to mine Ethereum on Mac question. Now go ahead and check out Minergate and try to mine ETH or any other coins and see how it is going. Also, for any other questions, do feel free to comment below.