4

I signed up for ethereum on my mac. I followed the instructions and this has been what has been going on since right after midnight last night. There is process, I'm just not sure what is going on. Am I mining?

This is a screen shot of what I believe is the mining process.

6

That screenshot means,

  1. You are using a MacOS. :D
  2. Starting up Mist Wallet of Ethereum blockchain.
  3. Mist is started downloading the blockchain data to your computer
  4. There are 4 peers connected to your computer.
  5. You are at block 2124107 of 3790605
  6. Mist is asking you to choose the network which you want to use

    • You can either choose main net to mine real ETH or testnet

enter image description here

  • What benefit(s) are there to downloading the blockchain to your computer? – thejdah Jun 14 '17 at 14:56
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    You need entire Blockchain to validate previous transactions; say you want to send from your wallet then you need this or some other means. This is the way how Mist works. – niksmac Jun 15 '17 at 3:33
  • What is the relevance of the picture here? Does the "test network" in the Mist screenshot correspond to one of the code names? – ScottO Jun 17 '17 at 15:17
2

It means you can either use the test network or main network to develop contracts.

  • Not only for developing contracts. +1 – niksmac Jun 14 '17 at 4:57

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