We will go over how to configure a Whatsminer M50 for Bitcoin mining in this blog post.
MicroBT, a Chinese company that develops and produces mining equipment, has created the Whatsminer M50, a robust and effective Bitcoin mining device. One of the most well-liked mining devices on the market is the Whatsminer M50, which is renowned for its high hash rate, energy efficiency, and user-friendly interface. We will go over everything you need to know to start using this robust mining device, from picking a location to connecting the power supply and joining a mining pool. To start, though, let’s quickly review the Whatsminer M50’s past.
Table of Contents
What is Whatsminer M50?
Early in 2021, the Whatsminer M50 was released, and the mining industry quickly embraced it. The Whatsminer M30S++ mining chip from MicroBT, which offers high hash rates while consuming less power than earlier models, is featured in it. The M50 is a significant improvement over the M31S+ and can deliver up to 100 terahashes per second (TH/s) while using only 3,340 watts (W) of power. The Whatsminer M50 is a desirable option for miners looking to increase their profits due to its effective design and high performance.
Set Up Whatsminer M50 to Mine Bitcoin
Although setting up a Whatsminer M50 can be fairly simple, it does require some technical know-how and prior experience with Bitcoin mining hardware. Here are the basic steps you’ll need to follow:
You must locate your M50 in a space with sufficient ventilation and easy access to cheap electricity. As the M50 can be quite loud when operating at full capacity, you should also take into account factors like noise level.
Before you start mining, you need to have a Bitcoin wallet address. A wallet address is a unique identifier that enables you to receive and store your Bitcoin. There are different types of Bitcoin wallets, including hardware wallets, software wallets, and paper wallets. You can obtain a Bitcoin wallet address from an exchange or a third-party wallet provider.
The M50 has a built-in power supply, so you’ll need to use the supplied power cable to attach it to a power source. To prevent any potential safety risks, make sure to use a reliable power outlet and power cable.
Next connect a Ethernet cable to your miner and the other end to a router or switch device. The miner will start up after you turn on your PSU.
The network port’s yellow and green lights typically remain on continuously after the machine has been powered on for about 30 seconds. When you press the IPFOUND function button on the miner control panel for longer than five seconds, the two LEDs on the right will flash a few times to show that the machine has broadcast the IP and MAC address of the device to the network.
Notes:
(1) If all the lights on the panel of the machine control panel are not lit after power-on, please check whether the power supply of the 220V power cable and the 16A power cable is reliable and the connection is correct.
(2) Check whether the switch is functioning normally or whether the network cable connection is solid if the indicator on the right side of the machine control panel is on but the network port is not lit or the green light is not flashing.
Next, log on to a computer or mobile device that is part of the same network as the miner. You will need to enter in the miner’s IP address. Since most miners now come with DHCP enabled you do not have to manually set the IP address, you just need to look at the IP table on your router or use a scanning tool. By going to the web configuration page for your router, you can find the IP address. There is also an official IP found program called “WhatsMinerTool”. You can use the miner IP found feature of this program to identify the miner’s IP address.
After getting your miner’s IP address, you are ready for Configuration.
First you need open a web browser and enter the miner’s IP address. A dialog box will pop up which requires you to enter the login credentials; both username and password are “root” or “admin”.
You must sign up for a mining pool before you can begin mining Bitcoin. The miners in this group cooperate to break codes and split the rewards. The M50 must be configured to connect to the mining pool using its IP address and port number after you create an account with the pool.
To learn how to connect Whatsminer M50 to different mining pools:
How to Set Up Whatsminer M50 Series on Antpool?
How to Connect Your MicroBT Whatsminer M50/M50s to NiceHash?
You must set up the M50’s settings using its user-friendly interface after connecting to a mining pool. You will need to enter your own Bitcoin wallet address as well as the address and port number for the pool.
Once the M50 has been set up, you can begin mining Bitcoin by starting the mining program on your computer. This will let you keep track of how your mining is going and change your settings as necessary.
Find the Whatsminer IP Address With Whatsminer Tool
To find the IP address of your Whatsminer using the Whatsminer Tool, you can follow these steps:
- The official MicroBT website allows you to download and install the Whatsminer Tool.
- Utilize a USB cable to link your Whatsminer to your computer. A secure connection between the cable and the miner and your computer should be made.
- Wait for the Whatsminer Tool to identify your miner before opening it. On the tool’s interface, the firmware version and model number of the miner should be visible.
- Click on the “IP Setting” tab on the left side of the tool’s interface.
- The application should continuously check for the Whatsminer’s IP address. If it doesn’t, you can click the “Scan” button to manually search for the miner’s IP address.
- Once the IP address is found, it will be displayed in the “IP Address” field on the tool’s interface.
- To access the miner’s command-line interface or web-based management interface, make a note of the IP address.
Keep in mind that only Windows operating systems are compatible with the Whatsminer Tool. Try using an IP scanner tool like Advanced IP Scanner or Angry IP Scanner if you’re running a different operating system.
Summary
Remember that setting up a Bitcoin mining rig like the M50 can be difficult and time-consuming, so before purchasing mining hardware, do your research and carefully consider all of the costs and potential risks involved. But mining Bitcoin can be a very lucrative endeavor if you have the necessary technical skills and are prepared to put in the work.
