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?
[Ethereum] How to connect My Ether Wallet to the Claymore Miner
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Best Answer
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:
(*) there is also small prize for creators of orphaned blocks.