How to mine Ethereum on Ubuntu 16.04

How to mine Ethereum on Ubuntu 16.04


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Ethereum: Ethereum is a new type of crypto currency similar to bitcoin but it has more uses than
bitcoin which is why some users are dubbing it Bitcoin 2.0.

Unique features
1. Ethereum can only be mined with GPUs
Chinese ASIC miners used for bitcoin mining will not work!
2. Ethereum has the ability to create smart contracts
Basically you can have multiple transactions in one block on the blockchain
3. Ethereum transactions are lighting quick compared to bitcoin
sending money / receiving money is much faster
4. Ethereum can be used to create smart applications that can live forever on the blockchain
No one can take your app down like (Google / Apple / Government)

There’s a lot more to ethereum but it seems to be a very promising technology for the future
Depending on how popular this video gets, I may post more videos related to the subject.

Purchase Ethereum on Coinbase and invest for the future!
https://www.coinbase.com/join/529daee814bd87441c00005b

Donations donation are weilcome if this helped you out or you found it interesting!
Ethereum Address: 0x47D1441ABF94938316eA99d05c0D0c3aFDA5a087

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Used in the video

Computer Setup

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SPONSORS

COINBASE
Purchase Bitcoin / Ethereum / Litecoin with your debit / credit card!
Purchase $100 of any crypto and get an extra $10 worth of bitcoin by using the code below
https://www.coinbase.com/join/529daee814bd87441c00005b

Ledger – Hardware cryptocurrency wallet
Keep multiple cryptocurrencies safe on a NANO leger hardware wallet!
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Genesis Cloud Mining
Use my code at checkout to save 3%: 8gIbXD
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NEWEGG
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Pay only for the data you use and get the best coverage in the world!
Get $20 off your first bill by using the link below
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MUSIC

Noble Dub – Silent Partner
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