We will go over how to configure a Whatsminer M50S for bitcoin mining in this blog post.
If you have the right tools and information, mining bitcoins can be a financially rewarding endeavor. The Whatsminer M50S is one of the most widely used Bitcoin miners on the market. Choosing a location, connecting the power supply, and joining a mining pool are just a few of the topics we’ll cover so you can start using this robust mining machine right away. But first, let’s briefly review the Whatsminer M50S’s past.
What is Whatsminer M50S?
High-performance Whatsminer M50S ASIC (Application-Specific Integrated Circuit) mining for Bitcoin is made by MicroBT. It is made to efficiently mine cryptocurrencies based on the SHA-256 algorithm, including Bitcoin and others. The Whatsminer M50S uses 3,420 watts of power while operating at a hash rate of up to 62 terahashes per second (TH/s). In order to maintain the miner’s operation at the ideal temperature, it has cutting-edge cooling technology. Bitcoin miners frequently choose the Whatsminer M50S because of its high profitability, dependability, and efficiency.
Set Up Whatsminer M50S to Mine Bitcoin
Although setting up a Whatsminer M50S 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 M50S in an area with sufficient ventilation and inexpensive electricity. The M50S can be quite loud when it is operating at full capacity, so you should also take that into account.
A mining pool must be selected as the second step in configuring your Whatsminer M50S. Mining pools are collections of miners who pool their computing power to improve their chances of discovering a block and earning a reward. Slush Pool, F2Pool, and Antpool are a few of the well-known mining pools.
A Bitcoin wallet address is necessary before you can begin mining. In order to receive and store your Bitcoin, you need to have a wallet address. Hardware wallets, software wallets, and paper wallets are just a few of the various Bitcoin storage options. A Bitcoin wallet address can be obtained from a exchange or a third-party wallet provider.
You must use the supplied power cable to connect the M50 to a power source because it has a built-in power supply. Use a reliable power outlet and power cable to prevent any potential safety risks.
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 light is typically always on and the green light blinks 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 briefly flash, signaling 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) If the indicator on the machine control panel’s right side is on but the network port is not lit or the green light is not flashing, check to see if the switch is functioning normally or if the network cable connection is solid.
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 function to identify the miner’s IP address thanks to this program.
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”.
Joining a mining pool is necessary before you can begin mining Bitcoin. These miners cooperate to break down blocks and split the rewards. Your M50S 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 M50S 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 use the M50’s user-friendly interface to set the device’s settings after connecting to a mining pool. Your own Bitcoin wallet address must be entered along with the address and port number of the pool.
Running the mining program on your computer after configuring the M50 will allow you to begin mining bitcoin. 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 Whatsminer Tool may be downloaded and installed from the official MicroBT website.
- A USB cable is used to link your Whatsminer to your computer. Ensure that the cable is firmly attached to both the miner and your computer.
- Open the Whatsminer Tool, then wait for your miner to be detected. 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 program should automatically 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.
- The IP address can be used to access the miner’s command-line interface or web-based management interface.
Be aware that only Windows operating systems are compatible with the Whatsminer Tool. If your operating system is different, you can try using an IP scanner tool like Advanced IP Scanner or Angry IP Scanner.
Summary
Finally, setting up the Whatsminer M50S to mine Bitcoin is a simple procedure. You can begin mining bitcoin and receive rewards by carrying out the aforementioned steps. However, it’s significant to note that mining Bitcoin necessitates a sizable investment in hardware and electricity. So, before starting to mine bitcoins, it’s crucial to do your homework and understand the risks.
