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Ethereum Will Make Millionaires In 2024, BUT Not How You ThinkGPUs (graphics processing units) remain the most efficient and reliable hardware for mining Ethereum. The network rejects most ASIC miners as. In order to start mining Ethereum, you will need a crypto wallet, an Internet connection, and some hardware and software. The most important components of an Ethereum mining rig are the power supply unit and the GPUs themselves. GPU stands for the graphics.