“ether mining after pos”

“ether mining after pos”

Long considered the workhorse of GPU mining, the time has sadly arrived when the RX 400 and 500 series must be put out to pasture—at least for Ethereum mining purposes. Unless you intend to mine other altcoins and can find an RX 580/570/480/470 at a good price, you should shun the rip-off prices that sellers often charge for these cards.
You must be new, but if Eth was to crash or go PoS there would be multiple no profitable cryptocurrencies to mine. Do your research, the only reason they are profitable is because of the horde is on ETH. HA noobs….they think they know everything.
What I am writing probably sounds like a project I still have to work on. However, I’ve already got the gear and parts for several rigs. There are some things that should be finished, but I am actually a step away from being ready to accept orders.
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Ethereum is about to switch from Proof of Work to Proof of Stake scheme called Casper. Some of the included incentives for this transition are higher scalability, improved protocol economics, environmental friendliness, and easier implementation of sharding protocols. It is currently not yet decided when Ethereum is switching to PoS, but it’s reasonable to expect that it will occur in late 2018. If Ethereum switches to proof of stake, I’m not sure what role miners will have, but it’s possible that Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented.
But, here is a good trick that keeps me going – When I mine Ethereum I do not sell it immediately I wait till the prices of Ethereum has gone up. By this way, my return of investment is met very early.
We recommend checking out an Ethereum mining calculator before starting with mining process. An Ethereum mining calculator is an essential tool that will help you work this out, and by entering the above details into the calculator, you’ll be presented with a rough guide of your expected profits. The calculator will automatically enter the current figure for difficulty. However, Ethereum’s high price lures in more miners so that difficulty is very likely to rise in the future.
Drill holes in your brace so that you can secure it with cable ties (see image). Do not simply rest the brace on the crate! An accidental bump can cause it to fall into the crate, along with ~$1000 worth of GPUs if you do that!
The RX 480 and 580s are extremely popular mining cards due to the fact that their price is very low, especially when compared to the similarly performing GTX 1070. Another benefit of this card is that AMD allows users to flash their card’s BIOS, which can make the card run at at higher hash rates with lower power draws. However, due to the popularity of this card, it can be very hard to find at reasonable prices, but if you can find this card at a good price it’s an excellent performer for mining. This card is an excellent choice to use on the CryptoNight, and ETHash algorithms. When compared to NVidias offerings however, it’s a very poor performer on EquiHash.
Click Save private key to save the key in the format that PuTTY can use. PuTTYgen displays a warning about saving the key without a passphrase. Click Yes. Note: A passphrase on a private key is an extra layer of protection, so even if your private key is discovered, it can’t be used without the passphrase. The downside to using a passphrase is that it makes automation harder because human intervention is needed to log on to an instance, or copy files to an instance.
Tons of programs exist for you to mine in a pool or solo one of the most popular programs is Claymore’s GPU Miner. We found Claymore’s to be the easiest to use with a mining pool plus great performance results as well.
With mining rigs, you want the lowest clocked CPU, bare minimum RAM, 5,6 or 7 GPUs and a very basic HD.   Oh, and as you can see from the picture, you don’t want nor can you fit all those GPUs instead of a normal case.  You can use a nice custom made case as you see above or something cheap like a milk crate.
The ASRock H110 Pro BTC+ is another excellent choice for mining, with support for up to 13 GPUs. However, it currently costs about the same as Asus’s mining board, and for the money I’d rather stick with Asus. If you know that you’ll definitely stick to a single PSU and a small handful of GPUs (e.g.: the majority of us), this is a fine choice, especially if you find a deal on it.
AMD and Nvidia are the two biggest manufacturers of graphics card unit (GPU). In the early days of GPU mining, AMD cards were much more efficient for cryptocurrency mining than Nvidia cards and they were the go-to option for dedicated miners. More recent Nvidia cards are designed to work in optimized fashion and they match or even exceed the performance of AMD cards.
If you do not own a lot of hardware, we believe cloud mining is the best option to generate Ethereum as a digital currency. Cloud mining also allows users to form pools where their joint efforts are rewarded with greater income, compared to mining with individual hardware.
My contract hasn’t started yet. So I could say anything related to the profits. However, always remember that it is a relatively long-term investment. Need not be scared about the recent drops in coins
AMD’s cards are more popular with miners and they are likely the best choice for those who are budget-conscious. The fact that AMD’s quarterly sales are over 30% lower than Nvidia’s means that its top line receives a greater benefit from a given amount of mining-related sales. On the other hand, the top-end Nvidia cards outperform AMD cards in terms of power efficiency, and they are quieter and more versatile than AMD cards.
As mentioned make sure your power supply unit can handle the Graphics cards and that you have risers capable of placing extra GPU’s in a safe location. Make sure all the connections are in nicely and everything is held together firmly.
Risers can be powered or unpowered. A riser is unpowered if it simply connects a GPU to a motherboard PCIe slot. A riser is powered if it additionally accepts power from the PSU (generally via a molex-type connector). Unpowered risers allow GPUs to receive up to 75 watts of power through the motherboard’s PCIe bus, just as if they were plugged in directly. Powered risers will take that additional power directly from the PSU instead, bypassing the motherboard.
We’ve seen many services that offer cloud mining which look great on paper we believe the true profitability is from owning a rig. In addition to being fully in control of it you can also sell the parts afterward.
Steven is a managing editor at Coin Central and a blockchain investor. He’s also the co-founder of Coin Clear, a mobile app that automatically turns your daily spending habits into cryptocurrency investments.
Считаю что это очень ценное приобретение, выплаты приходят каждый день автоматически. Genesis-Mining это интересная и надежная организация. Спасибо. I think it very valuable acquisition, payments come every day automatically. Genesis-Mining this is an interesting and reliable organization. Thank you.
As I explained in the post – it is only “set to break even” at current difficulty. Unfortunately, difficulty keeps increasing and whatever deal or hardware you buy you usually have a pretty short window of time to get your money back. With the “pay to mine deals” they know that already – if the hardware was guaranteed to make a proift they would just operate it themselves.
Hi, You don’t need any kind of extra PSU and the PSU does not matter.. For FTW you need extra Splitter which you can find here – http://www.parallelminer.com/product/18awg-pci-e-6pin-to-dual-8-pin-y-splitter-extension-cable-2x-62pin-cable-6in-each-side/
For purposes of this guide, we are going to do a detailed walk-through of setting up and using the very popular Claymore Miner.  Get the current version here from Claymore’s original Bitcointalk thread and then follow along with the steps in this video.  The whole process of getting a wallet setup, downloading your miner, configuring things in Windows and setting up your batch file to run should take less than 10 minutes:
You cannot and should not bank on ETH > USD increases in your profit calculations. If you’re banking on ETH going up to save you, your operation is not profitable, and you’d have been much better off just buying ATH outright and holding.

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