“ether mining profitability 2018 best”

“ether mining profitability 2018 best”

Ethpool is another of the coolest Ethereum mining pools which serve in U.S, Europe, and Asia. It charges a fee of 1% on miner’s reward and offers a minimum payout of 5 ETH, which is not so good. However, it allows users to mine solo and contributes about 2% of hash rate power.
MyEtherWallet is an open-source client-side Ether wallet running on Javascript. MyEtherWallet makes it easy to create secure wallets without the command line or the need to run an Ethereum client on your computer. By running MyEtherWallet on an offline computer, you can create secure paper wallets for your ether holdings.
Building a 6 GPU Ethereum mining rig is a fun project and a great source of passive income. This guide will help you find and assemble the best Ethereum mining hardware currently available to build your very own DIY Ethereum mining rig. Assembly time is about 3 hours and this mining rig is generating between $300-500/mo of digital currency depending on the current market price of the coin you are mining (Ethereum, Monero, Zcash, etc).
While Ether seems to play better with AMD cards, ZCash is more friendly with NVIDIA, the GTX 1080Ti being one of the best performers in the segment with a hash rate between 700 and 750 MH/s. At the current ZEC value, mining difficulty and power costs, an NVIDIA GTX 1080Ti can bring you a monthly profit of approximately $126. While the figure is below what you stand to make with an AMD 295×2 mining Ether, using 1080Tis for ZEC mining has its advantages: GTX 1080Tis are much easier to come by nowadays than 295x2s, and have a significantly better resell value if mining become unviable.
Fans. Liquid cooling requires more thought as it is the GPUs that require the cooling and you will have to purchase the correct GPU liquid cooling add-on, or purchase a GPU with the liquid cooling built in.
Ethereum mining rig is essentially a GPU (Graphic Processing Unit) setup. Unlike other cryptocurrencies, Ethereum mining rig is not at all complicated and does not need expensive setups. ETH mining rig consists of graphics cards, motherboard, monitor, GPU, mouse and a cooling pad which will not only make your mining hash rate impressive but will also help in the generation of more rewards.
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Since availability changes, prices change, and you never know what will happen in this brave new world of mining I will list the best GPUs below in order for your further consideration. Take your time and really study the facts before making your purchase.
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 good 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.
GeForce GTX 1070 (Founder’s Edition) is the “Pascal”-architecture GPU that people with limited (though still substantial) budgets have been waiting for. This card is based on the same chip as the big-gun flagship GeForce GTX 1080, but it was cut down a bit to make it more affordable.
Note, when downloading the Claymore Miner Windows may provide a warning, but if you used Claymore’s download link can you ignore this.  He is a well-respected developer who has been building crypto miners for many years.  
AMD video cards used to have a significant edge over Nvidia for cryptocurrency mining. This is no longer the case. the AMD Rx 580 and AMD Rx 570 are both great choices. The Rx 480 does 29Mh/s and the Rx 570 does 27Mh/s. I’d also recommend checking on eBay if Amazon is out of stock.  Regarding which models to buy, just make sure they are the twin fan designs from any of the Sapphire, Asus, Gigabyte or MSI brands. They are well built and run cool and efficient compared to some others. Amazon often limits the number of GPU’s to 3 per customer, so if you plan to build a 6 GPU rig, I would recommend getting the six pack that is usually listed here and here. This particular pack of special edition GPU’s are overclocked already and ready to mine at maximum hash rates out of the box.
Why would it render them them unprofitable?? It’s not like you GTX 10XX card will stop working the day those come out. They GTX 20XX might be more (or less) profitable. There is too much unknown right now. If the GXT 2060 costs three times the price of the GTX 1060 and only hashes 50% more then the GTX 1060 will still be more profitable. Of course, if the price of Ether quadruples then almost any card could become relatively profitable. This is a game of four numbers: hashrate, card price, card power consumption, and coin price. Bottom line: The rig you build today doesn’t magically stop working when new hardware comes out.
Nailed it Geekman! So many miners have no clue about business. Just because they are smart at technology doesn’t mean they made a good business decision. The GTX1060 payback time is so much shorter than other cards right now. This makes it the perfect low power and moderate hash card. Return on investment is crucial if you are doing this to make money.
If you’re thinking about getting into Ethereum mining, you’ve come to the right place.  Finding the best GPU for mining Ethereum can be tough since having high gaming benchmarks and a high price tag doesn’t necessarily mean the graphics card is the best when it comes to mining.
I’m mining at poolmining.org a small EU based pool that started about 2-3 months ago. Only found 2 ethereum blocks so far all in a single day (crazy variance), but the payout for me was more than satisfactory – I have 2x 1070. The pool has vardiff, PPLNS and a really dedicated pool operator that you can actually talk to through the support forum.
Currently, only the Star Wars Collector’s Edition model appears to be available from Nvidia. While these Jedi Order cards certainly look great, cosmetic features add nothing to the mining performance.
Update, 2/5/2018: We have a new article posted detailing CyptoNote (Monero) mining performance with AMD’s Threadripper processor with a CPU-optimized algorithm, alongside a handful of other X86 processors and a powerful GeForce GTX 1080 Ti GPU.
The Ethereum Directed Acyclic Graph (DAG) file is stored in VRAM by miners. The DAG grows in size by remaining proportionate to the mining difficulty. About once every epoch (or 30,000 Ethereum blocks), a new DAG is generated, which must be downloaded in order to continue mining.
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.
If you want a low cost of entry into the world of mining, then the AMD RX 480 is an excellent choice. This is because it is a bit older than the AMD Radeon RX 580, so prices are lower – when you can find one in stock. Yep, this is another AMD card that can be difficult to track down thanks to its mining ability. However with 8GB of GDDR5 RAM, it achieves a decent hash rate of 28mh/s, and again doesn’t require too much power. There are also versions available with 4GB of GDDR5 RAM, if you’re looking for an even lower cost mining GPU.
With so many mining pools at play in the market, solo miners are finding it more difficult to get blocks to process and the Ethereum mining rig that a solo-miner uses, needs to have massive processing power to be able to compete with the pools, which can be very expensive.
I doubt he could even notice! Why? Well I left a debug feature for people just like you this feature shows Claymore’s wallets and show them in your miner console. So you can check his wallets and see for yourself how many bitcoins he make daily.
These figures will change based on when you run this analysis, but for purposes of the example here we would net 109 ETH annually. If sold at the current price, $1537 will be earned from which we subtract the electricity cost of $493. This nets a respectable profit of $1045.
Experimentation with various GPU selections in the calculator will reveal a card with the best price to performance to power consumption combination (expressed as MH/s per Currency Unit). Keep in mind that AMD cards outperform NVidia for cryptocurrency mining purposes.
Selecting this option will show the Sell Monthly field below, this is where you input what portion of crypto you would like to sell each month. For example, if you plan to sell 25% of your new crypto, enter 25 into the Sell Monthly field. Your profits will equal (money earned from selling) + (unsold crypto * predicted price) – (total expenses + hardware costs)
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At the time of writing this article, the aforementioned mining rig would cost around $2,250USD and would be capable of producing around 0.5 Ethereum per month. This is about $250 per month before variable costs. That means within 9 months you’ll have paid off your initial investment. This is of course assuming the price of Ethereum stays the same.
The first pool you might wan to check out is PooLTo.Be Ethereum Pool. Still not a large number of miners and a lot of hashrate, but it supports ETH Stratum proxy as well as regular getwork mining and there is still zero pool fee for some time. The minimum payout threshold is 0.2 Ether and payouts run every 2 hours and the pool has already found a couple of blocks.
Gh/mm² is a simple measure of the number of Gigahashes per second of the chip, divided by its die area (area of the the actual silicon). This measure however does not take into account the node size which affects how many logical cells can fit in a given area.

One Reply to ““ether mining profitability 2018 best””

  1. While it does take a fee from your mining, it’s GUI is quick and simple to use and once install you can be mining instantaneously. It also has some challenges that encourage you to mine, and if you’re an absolute beginner, then the simplicity of this software will have you jumping for joy. If simplicity is something you prefer, then NiceHash is also a very solid option.
    Nanopool is the third largest with 13,2% network hash rate and over 38,000 miners.  Their fee is less than competition at 1%. Minimum payment threshold is 0.2 ETH, but there is a setting where you can raise or lower the minimum. The interface is user friendly and easy for beginners to use.
    Currently you’ll need at least 3GB of dedicated video memory (VRAM) to mine Ethereum, and this VRAM requirement is expected to grow to 4GB in 2018. It’s important to note that if you are planning to mine with a GPU that doesn’t have at least 3GB of VRAM, you won’t be able to!
    All the information on cryptocurrency transactions must be embedded in data blocks. Each block is linked internally to several other blocks. This creates the blockchain. These blocks must be analyzed as fast as possible to ensure a smooth running of transactions on the platform. However, the issuers of such currencies do not have the processing capabilities to handle this alone. It is where miners come in.

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