So I am very new to mining, and just recently picked up mining Ethereum rather than Bitcoin. I downloaded claymore miner, and created a wallet on MyEtherWallet.com. Everything seemed correct, I got my address "0x42A28a8f37749f56f00955b3186EC0534a913e04" from the wallet, and put it into the start_only_eth file. I began mining, getting around 20 Mh/s, which is good. However, my balances will not update in MyEtherWallet.com? How do I fix this, is there an obvious answer I am missing?
Not everyone gets ETH for mining. Only* the person who created a block gets whole prize(block prize + fees). It may not happen in a year for you. So people unite their power in so-called pools, where chance to create a block is higher. The money is split between everyone according to their contribution(MH/s). But this portion of money is given to miner on demand, stored in pool's wallet all other time. So there're two versions:
- You're solo-mining and didn't create a block yet
- You're mining in a pool and didn't transfer money from it yet.
(*) there is also small prize for creators of orphaned blocks.
If you're mining in a pool. Check the pool's website for your stats which is typically found by your public wallet address.
If you're solo mining... Well, the difficulty is so high for 20 MH/s that I'm afraid you're going to wait a very long time before you mine an actual block.
You can reference this mining calculate to see your profitability: http://www.mycryptobuddy.com/EthereumMiningCalculator
Which, today, is only $60 month. $50 next month... And so on.
I'd heavily recommend joining a pool. If you want to see ETH in your wallet quicker. They have a minimum amount of a payout cap that you have to reach before they actually payout to your wallet. Be mindful of that.
Here is a list of ETH Mining Pool: https://bitcointalk.org/index.php?topic=1456332.0