“ether mining 2018”

“ether mining 2018”

I say I won’t add anymore cards myself, but I got an RX 570 used on facebook market for $250 a few days ago. I think if you take this approach and slowly try to accumulate at only the best prices then you’ll be profitable, maybe just not at the scale most people want. This was my initial strategy even before the major hike, I just ended up being in the right place and the right time the past few weeks.
Over the last 6 months I have had purchased a small amount of hash power and I am very pleased with it. I have since bought a lot more. Anyone who is expecting to get rich quick go find some half cocked project to spend your money on. I believe this will return far far above what I could get putting my money in a bank and is far safer than buying crypto currency due to their volatility. Nothing guaranteed with anything in this world but well worth a punt. Go for it!
I am mining and trading bitcoins, Ethereum, litecoins on 3 continent (Asia, Europe, Middle East). But i always wanted a quiet back up with no maintenance tasks and no risks. For this reason I always add some cloud capacity at genesis. I have just bought the two year Houdini contract at genesis. I decided to buy more capacity at genesis because my previous eth investment repaid itself in less time that I thought. A couple of days after investing in the monero Houdini contract I receive promising daily payments and I already foresee that the investment will repay itself in a few months.
Proof of Work is where you have to run powerful computers that have high hash rates. Hash rates are the number of “hashes,” or numbers a computer can come up with every second, needed to solve a block. Both of these types of mining have a difficulty factor to them where the more miners there are on the network, the lower the chance you have of mining a block. In other words, the lower your reward is. Here is a website which has lots of information on the major cryptocurrencies, including their difficulties, block times, and block reward. If you want to check when the last block was mined, and who mined it, you can use this website for Bitcoin, and this one for Ethereum.
Have a look at the quality-price ratio when choosing your video cards. Feel free to contact 2Miners support for an advice. By default you could purchase NVIDIA GTX 1060/1070 – this is a good option for beginners: there are many brands to choose from, and these cards are universal, so they work both on Ethash and Equihash algorithms. Do not combine AMD and NVIDIA GPUs on the same rig – if you choose AMD, then buy 8 AMD GPUs, if you select NVIDIA, then buy 8 NVIDIA GPUs.
My top choice is currently the Asus B250 Mining Expert board. It’s literally made for mining, with support for up to 19 (!) GPUs and 3 power supplies right out of the box. Even if you don’t intend to initially run more than a few GPUs, the included mining-centric diagnostic features and ability to expand later probably make the price premium over less-robust boards worth it.
From what we have learned from mining bitcoin back in 2013 to mining ethereum now is that the GPU’s that mine Ethereum produce a lot less heat then the SHA256 equipment we used for bitcoin but we have an open rig design to allow air flow to take away heat.
Actually, I did talk quite a bit about the rising hash difficulty. Did you not read the last page? Did you not see on the front page where I talked about the ballooning DAG files making it harder to use older mainstream GPUs ( since most of them are 2GB VRAM or less )?
The newer GPUs might only be a little more efficient but with the new high costs they won’t be worth it either way. Problem right now with ETHEREUM is every Tom, Dick and Harry started to mine it and the difficulty keeps doubling every 2 months or so.
Solo mining might have the best payout of the three methods if you have the financial power to invest in several GPUs and pay mammoth electricity bills. To carry out solo mining successfully, you need to hit at least 100 mega hashes per second and this hash rate will increase as difficulty rises. However, you get all the rewards; they include payment for uncles on top of your earnings.
Even though currency mining seems to be an easy get rich quick scheme, it does not come without risk, the main risk being: fire. If you have a relatively large mining operation with poor cooling, and you’re using bad power supplies with multiple extensions cables going into one outlet, something could catch fire very easily, making not only your rig worthless, but most likely your house too. As long as you use parts from reliable companies, and keep your rigs cool and dust free, this shouldn’t be an issue. Another risk to watch out for is if you have young children or small animals. They could easily break your rig by accident, either by throwing something at it or giving it a static shock.
It isn’t only China mining centres. Genesis and quite a few other Western farms are being expanded and set up so yah! It’s still technically “impossible” for us to see mining become unprofitable for the general home miner isn’t it
Mining Ether takes up a lot of electricity, and you are right in being concerned about this. On the plus side, though, if mining practices are carried out efficiently more income is generated through the sale of Ether. You will need your Ethereum Mining calculators for the process.
A miner is an investor that devotes time, computer space and energy to sorting through blocks. When the mining process hits the right harsh, they will submit their solutions to the issuer. After verification, the issuer of the currency offers rewards which are portions of the transactions they helped in verifying. They also offer digital coins in exchange for the work of miners. The result of digital mining is called proof of work system. Some currencies depend on this system alone while other use a combination of proof of stake and proof of work.
It’s finally time for an update to my popular 2013 Litecoin mining guide! It’s four years later, and Ethereum mining is where it’s at for GPU miners, so that’s what I’ve focused on. I’ve kept the same format and detail level as my old guide, so if you were around back then, you’ll know what to expect.
Some settings should be modified in Windows to get you ready for mining.  First, you don’t want your computer to go to Sleep as it will interrupt your mining so go into your Power Settings and set it to “Never” turn off/sleep.  
To forecast costs for pool mining, sum the projected pool fees, electricity bills as well as installation and hardware costs. For solo mining, you incur electricity costs plus hardware and installation costs. With cloud mining, your costs are condensed into the contract charges. You can predict to a reasonable certainty how much ether you will mine based on your firepower, but there’s less certainty on the possible rewards.
@themagus Yes last year it was more profitable to buy Ether. If you invested 50€ in ETH Cloud Mining last year, you received about 2.2 Ether until now. If you had bought Ether for 10$, you would have 5 ETH. But now with the high ETH price, I calculated that Cloud Mining is much more profitable than buying ETH. (Increasing mining difficulty is not included in the calculation) Only after 1 year you will mine more ETH for the same price as if you buy Ether directly for the current price.
Oh and one more thing: not all is bad for we PC gamers. Those of us who have previous generation GPUs have enjoyed watching the values of said cards go up. A friend of mine sold his 8GB RX 470 for $320 on eBay last month, or nearly $100 more than he paid for it. I sold my SLI pair of GTX 970s for $420 or about $120 more than they were worth combined a few months ago. We both upgraded to a GTX 1080Ti with the spoils.
Block   A block is a unit of the code the comprises the bockchain. It is the record of transactions that have occurred since the last block was created and a confirmation to previous transactions. Each block links to the block before it, thus creating a full chain back to the original or “genesis” block.
Keeps sinking to what? It hasn’t gone below 200 yet. You keep mentioning the $400 and it makes it clear to me you really wish that were the price without realizing how ridiculously overbought and overvalued that price point is. You would do well to learn about the market more before assuming so much.
A word on positioning. GPU’s can get hot – especially if you overclock them so be sure to get the best bang for your buck – and to be safe to place your rig in a well ventilated area so it doesn’t overheat.

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