The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Mining has always been a popular way to obtain digital currency in the currency circle. Although mining requires a lot of equipment, and even miners are at a loss in the early stage, it still attracts a large number of people to choose the mining mode. As we all know, not all digital currencies in the currency circle can be obtained through mining. Therefore, if you want to mine, the first thing to look at is whether the digital currency supports the mining mode. For example, Bitcoin and Ethereum mentioned in this article support mining, so many Ethereum enthusiasts will use mining to obtain Ethereum. However, some Ethereum miners are very curious. Is Ethereum mining legal? The following currency circle editor will share this question with you.

 Is Ethereum mining legal?

Ethereum is a hot topic in the current investment market. Many investors want to know whether Ethereum mining is legal. The European Commission for Digital Economy and Society said that on this issue, the EU has long insisted that Ethereum mining is completely legal. According to expert MariyaGabriel, the European Commission has confirmed that it is paying attention to the problems caused by the increase in electricity consumption caused by cryptocurrency mining.

According to the notice on the official website of the European Parliament, Gabriel answered the question submitted to the Parliament.

Gabriel pointed out that the EU Digital Economy and Society Committee has realized that the increasing power consumption of cryptocurrencies and blockchain technology as a whole has caused concern for social development.

This issue is particularly important in Ethereum mining, because Ethereum mining activities are mainly concentrated in China. Although two-thirds of mining activities are carried out in China, according to some forecasts, mining activities in other regions have increased.

The statement pointed out that there is currently no legal basis to prohibit or restrict energy consumption within the EU. But given that electricity consumption is an economic activity, it is subject to EU regulations applicable to energy efficiency, the power industry and greenhouse gas emissions. The EU Emission Trading System covers greenhouse gas emissions from the power sector.

The statement pointed out that cryptocurrency mining can bring high valuations to cryptocurrencies. Increased power consumption and costs may increase the value of cryptocurrencies and slow down the growing market demand.

The committee has not dug any means to track cryptocurrency mining activities because it is not illegal. However, the committee will review the impact of the activity on energy demand.

Of course, if miners steal electricity during Ethereum mining, it must be illegal.

 Detailed introduction to the Ethereum mining process

1. Preparation

ETH mining mainly uses graphics cards to mine. A PC needs to be configured to run the mining program. The main hardware includes: graphics card, motherboard, power supply, CPU, memory, hard disk (SSD above 60G is recommended), extension cable, adapter cable, etc. Among them, the graphics card determines the speed of mining, and the motherboard and power supply largely determine the stability of the mining machine.

2. Hardware preparation

Motherboard recommendation: Graphics card mining does not require a large PCIE bandwidth, and the motherboard with PCI-E 1X can meet the bandwidth requirements. Generally, the motherboard has 3-5 PCI-E
1X interfaces and 1 PCI-E16X interface. In addition, the motherboard has a large 4PIN power supply interface to improve stability. PCI-E1X requires Taobao to purchase a 1X to 16X extension cable.

Recommended models:

3. Wallet preparation:

Get a wallet address: (wallet, trading website);

Graphical wallet:

Command line client Geth:

Exchange: P network

4. Mining settings

1. System and driver

Win7 64-bit is the best system, and the official original system is used for construction. The latest version of the driver has poor speed because the mining software has not been optimized. A card recommends version 15.11 driver. Make sure to identify all graphics cards.

2. Mining software

Mining software includes ethminer and Stratum Proxy. Ethminer obtains tasks in getwork mode and mines. Stratum Proxy converts the getwork protocol to the Stratum protocol, connects to the mining pool, and provides a stable and fast getwork connection for the LAN mining machine. Only one Stratum Proxy needs to be run on each LAN.

Using Stratum Proxy will reduce packet loss and delay, and provide mining pool backup settings, increasing revenue by 10-20%. Since ETH has one block every 16 seconds and the mining software is not perfect, the rejection rate through Stratum
Proxy is currently 4-5%, and the getwork protocol is over 10%.

First, modify the payment address and offline alarm mailbox, mining pool address, etc. in eth-proxy.conf; run eth-proxy.exe;

Edit wakuang.bat in the ETHminer folder,

ethminer --farm-recheck400 -G --cl-local-work 64 --cl-global-work 16384

-F http:// LAN address where the proxy (eth-proxy.exe) runs: 8080/miner number

\--farm-recheck: software forced update task cycle unit is MS;

\--cl-local-work: operation bit width, can be 64, 128, 256;

\--cl-global-work: graphics card operation thread number;

Miner number: only supports small letters and numbers, the mining pool automatically adds miners without creating a new one in the mining pool

Then double-click wakuang.bat to start mining.

The above is the explanation of the editor of Coin Circle on the question of whether Ethereum mining is legal. In fact, for investors who want to own Ethereum, it is more convenient to choose to buy it directly from the exchange. After all, there are many things to prepare for mining, such as the configuration of the Ethereum mining machine. If you don’t understand these, it is easy to fall into the pit, but direct purchase is much simpler. Investors only need to purchase it on a regular and reliable Ethereum trading platform. Therefore, the editor of Coin Circle recommends that if you have no foundation, it is relatively more suitable to buy Ethereum directly.