“ether mining pool”

“ether mining pool”

The thing is Ethereum is the cryptocurrency which is ASIC resistant; i.e you cannot mine it with any ASIC you will have to mine it with graphics cards. I have also inserted Amazon links as it may help you buy them.
Crypto mining has become a divisive issue. Miners gobble up popular graphics cards by the armful, depleting inventory and driving up prices. Gamers are left to pay exorbitant prices, sometimes as much as double, even for mainstream GPUs. A little animosity between the two camps is therefore understandable.
Ameer Rosic uses ‘if this than that’ logic to explain smart contracts. If we create a code online on the blockchain, and someone puts money into the contract, the next action will be executed. This may be a digital contract being sent to somebody’s email, for example. This trigger may execute something else, so on and so on.
First of all I would like to thank you all for your support. I really appreciate your interest in the project and the final products. To make things more simple and transparent, I’ve decided to keep this journal for those of you who are waiting to order the rigs. I know you want them ASAP ? and I thought time will go faster if you see how is everything going and how long will take until orders are available. Do let me know if you have any kind of recommendations or positive criticism!
Here in brazil, the prices are abusive, but the power cost is very low, at least 19 Cents a watt. Total Hashrate of the project, 52MH’s. In the past months, i’ll go for more, buy at least 4x RX480 Custom. Maybe in US, they will cost 230-250US, here, 1400-1700 BRL.
It is worth mentioning that this is a side project. I will keep working on 1stminingrig as I did before – I’ve got new articles on the way, I will keep being involved in the community as much as I humanly can.
@AlBoKa Thats more than half of profit. Good thing ether is not as power hungry as other coins. You can downvolt, downclock and still minor decrease on hashing speed. Just find the sweetspot. Happy Mining.
We have our own proprietary cooling system, a product of our R&D that cuts cooling costs down by 80% from traditional airco solutions, while keeping the servers at low temperatures to ensure the longevity of the GPUs.
Does this miner also work for Litecoin purposes, or do you need different hardware for litecoin? Also, can this be set up to mine both/either litecoin/ethereum, at the same time or alternating? I really don’t want to be restricted to only one coin. Excellent guides, BTW
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
If you’ve ever heard of cryptocurrencies, you’ve probably heard of mining. The sole reason most cryptocurrencies can function is due to mining. Without miners, the blockchain can’t be validated every time someone wants to make a transaction. If the blockchain doesn’t get validated, there is simply no way to know which transaction is legitimate and which is not.
The goal is to make GPU mining more accessible to the common folks by keeping low and transparent prices. Since I do not do this for a living, it will be easier for me to keep the prices more than competitive.
In this guide, we explain what each field of the Portfolio means and we also list the most frequently asked question and respective answers. Feel free to ask questions in the comment section as we will add these to the FAQ list.
Mining profitability is a variable and depends largely on the type of mining software you own, the cost of electricity in your locale, the current price of the cryptocurrency you are mining and, of course, your own overheads.
Stop the instance. This will shut down the instance, but makes it easy to restart it. Amazon AWS does not charge hourly usage for a stopped instance, but does charge for the storage. To stop an instance:
(everything is stuck and you can’t connect to your instance) this can happen when you have a dynamic ip with your internet connection. Update the “my ip” solution here: http://docs.aws.amazon.com/AWSEC2/latest/UserGuide/authorizing-access-to-an-instance.html
Bought a 2-year DASH X11 Contract with Genesis about 2 months ago and I am very happy with it. It has already almost paid 50% of the initial cost. Looks like these contracts have sold out now but I would definitely buy again.
Radeon R9 HD 7990 is yet another highly sought after Graphic Processing Unit by Ethereum miners. It enjoyed the highest popularity ratings prior to introduction of Radeon R9 295X2. In spite of this many seasoned miners continue to use Radeon R9 HD 7990 in spite of its higher price tag in relation to its hash power that stands at 36 MH/s. Radeon R9 HD 7990 delivers greater power efficiency at 300 Watts. Radeon R9 HD 7990 sports 6GB HDD45 RAM. Radeon R9 HD 7990 is undoubtedly the second most ideal GPU for Ethereum mining after R9 295X2.
If you are planning on overclocking your GPUs, we recommend installing Afterburner. We use MSI Afterburner. For AMD GPUs you’ll need the latest beta version. You are going to adjust all the graphics card settings at your own risk – when in doubt, feel free to contact 2Miners on Telegram or Slack for advice.
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.
If your break-even time is 0 you have likely forgotten to input your hardware cost below. If it is never, your break-even time has been calculated to be greater than 10 years. This is likely due to a large diff change value which causes your predicted profitability to turn negative in the future. You could try lowering the diff change for a less agressive prediction or disable it altogether.
The payment it absolut fine. Just the investments done by creditcard waits for 30 days. That is something normal to creditcardwork. I like to reinvest some of my BTC. And now, June of 2017, the prices of many cryptocurrencies are more raising then falling.
Ethereum intends to switch to a Proof of Stake scheme called Casper. Although this has been delayed, it’s reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented.
Next, open the Ethereum wallet and generate a new account and contract based wallet. This wallet will contain the payout address at which you’ll receive mining rewards from your pool or directly from the blockchain.
For example, if this were Jan 2016 and we were mining ETH, and spent $3000 for a rig and supplies that produced us (for academic purposes) 30 ETH through the end of the year. That $8.22 price on 12/31 means our mining got us $246. Not profitable; go back and look at the historical posts saying as much when people asked if mining was “worth it” and everyone said to not even try it. Those same 30 ETH are worth $7560 today (assumes not selling at the peak, not mining beyond 30 ETH). All of a sudden, it was retroactively “worth it” to mine, and those naysayers were wrong. All that happened was hodling.

One Reply to ““ether mining pool””

  1. Note 2: If you were just testing this guide with the free micro instance you have now reached a dead end, in fact you will read this message “modprobe: ERROR: could not insert ‘nvidia’: No such device” The system is telling you that the gpu, an nvidia graphic card, is missing. So, start over the guide and get the g2.8xlarge instance before proceeding any further.
    Have a question in regards to the CPU, since some coins can be mined via CPU, what would be the consequences to have a good CPU and also mine something with it while the GPU´s also do some mining, then i would get some extra mining power? or am i thinking wrong here?
    Once full payment is received I will start building the rig and configure everything as mentioned above. You can also request some tweaks to the rig – we can talk about it during our call or text chat.
    You will receive daily or weekly payouts to your Ethereum wallet address (it depends on the plan, but usually payouts are done daily). You need to pay in advance for hashing power and contracts often come in the form of a 1-year contract or unlimited (until mining with rented hardware is profitable). The only thing to keep eyes on is the current Ethereum value, so that you stay in profit and that you do not pay more for hashing power than you get out of Ethereum production.

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